Retirement Income Planning: Generating and Sustaining Income Throughout Your Retirement

Retirement income planning allows you to mitigate the dangers of outliving your nest egg

Retirement is a milestone that brings new opportunities and challenges, particularly when it comes to managing your finances. As you transition from accumulating wealth to relying on your savings, retirement income planning becomes a crucial component of your financial strategy. In this article, we’ll explore the importance of retirement income planning and share strategies to […]

Retirement Contributions and Tax Planning: Strategies to Reduce Your Tax Burden

Get intentional about your retirement tax planning with practical insights and professional guidance

When it comes to managing your finances, it’s easy to get caught up in the day-to-day money management of your household. However, it’s important to keep an eye on the future because few things are as important as planning for your retirement. Not only does diligent retirement planning ensure a more comfortable future, but it […]

Retirement Roadmap: Planning and Executing Your New Year’s Retirement Goals

As the New Year dawns, it brings with it the promise of fresh beginnings and new opportunities. For those approaching retirement, this is an ideal time to take steps that lead to a more fulfilling and secure retirement. Your retirement years should be a time of joy, relaxation, and exploration, but achieving this requires careful […]

Supercharging Your Retirement Strategy: Harnessing the Power of Your Health Savings Account

As you work to tackle the gargantuan task of saving for retirement, it can pay to seek creative ways to secure your financial future. One strategy that deserves greater attention is the utilization of a Health Savings Account (HSA) to bolster your retirement savings. While HSAs are primarily earmarked for healthcare-related expenses, their unique triple-tax […]

Retirement Tax Strategies to Consider

tax strategies for retirement planning

How you handle taxes and when you are taxed are two of the most important factors when it comes to retirement planning. If you are putting together the puzzle pieces of your retirement plan and you are curious about some strategies related to taxes and retirement, here are some possible options: Consider a Roth IRA […]

Addressing Retirement for Gen X

Addressing Retirement for Gen X BA Schrock Financial Group

Generation X’s Retirement Worries A recent study by Investopedia found that Generation X’s biggest worry is retirement. The survey found that although many members of Gen X feel like they understand their finances, they are still concerned about setting themselves up to transition into retirement. Nearly one in four Gen Xers are not sure when, […]

Should You Retire at the Same Time as Your Spouse?

Should You Retire at the Same time as Your Spouse?

Key Considerations for Couples Planning Retirement Together As a financial advisor, I often find myself discussing retirement plans with couples who are contemplating the idea of retiring simultaneously. The notion of embarking on a shared retirement journey, free to pursue dreams, travel, and enjoy quality time together, is undeniably appealing. However, before making this important […]

Build a Bigger Nest Egg with These 7 Strategies

Build a Better Nest Egg with these 7 strategies

Helpful Ways to Accelerate Your Retirement Savings Regardless of your age, saving for retirement is a crucial step in financial planning. While starting early is certainly advantageous, many individuals find themselves playing catch-up due to life’s uncertainties. Below, we will explore seven powerful savings strategies to help you accelerate your savings, even if you’ve begun […]

What Happens to Inherited Retirement Accounts?

What Happens to Inherited Retirement Accounts? BA Schrock

You may know plenty about the differences between traditional IRAs and Roth IRAs, as well as the risks to your IRAs in this market, but what happens to an IRA (or other retirement account) that still has money in it when its owner passes away? You may think that the beneficiary just gets all the […]

Protecting Your Savings: Strategies for Managing Retirement Healthcare Costs

Strategies for Managing HealthCare Costs

Preparation is Key for Covering Medical Expenses in Your Golden Years As you approach retirement, one of the most significant financial concerns you may face is managing retirement healthcare costs. Healthcare expenses can quickly add up and erode your retirement savings, making it crucial to plan and prepare for these costs. Fortunately, there are several […]

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