Most people consider 65 as the age of retirement, but you don’t have to wait that long. If you’re ready, you could retire before you turn 60, or even before you turn 50. However, before you take the first step toward retirement, it is incredibly important to be sure you are leaving the workforce with the right mindset and the correct estimation of your financial potential.
Summer provides a great opportunity to check in on your family’s finances. A thorough financial checkup always seems intimidating at first, so we’ve broken it down into eight simple steps to keep you focused and on track.
There is a movement happening in the American workforce right now; many are leaving their jobs for a wide variety of reasons. This phenomenon, dubbed the “Great Resignation,” has been observed and documented and discussed by countless sources, but one of the big lingering questions is why here, why now?
Finally, you’ve reached retirement. You’re crossing the finish line of a marathon that’s lasted 30, 40, or even 50 years. Although retirement brings rest and relaxation, it can also throw a wrench in how we view our money, and the switch from receiving structured, employment-driven income to drawing down investment accounts can be harder than we realize.
In 2022, Social Security beneficiaries will receive a 5.9 percent COLA increase, which is the largest jump in benefits in the past 40 years.
For company owners nearing retirement, a successful business transition plan can play an important part in creating and preserving the value of the business after it has changed hands.
