When is the Best Time to Retire?

Friday, 31 May 2019

You might be asking yourself, "When should I retire? Should I retire early or defer it?" Deciding when to retire may not be just one decision, but a series of decisions and calculations. For example, you’ll need to estimate not only your anticipated expenses but also what sources of retirement income you’ll have and how long you’ll need your retirement savings to last.

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What You Need to Know About Retiring with a Mortgage

Did you know that Baby Boomers own over 32 million homes in the United States? Of those, one-third of retired Boomers were still paying off their mortgages.

Friday, 31 May 2019

What You Need to Know About Retiring with a Mortgage
You may have watched your parents retire, without a mortgage, and a comfortable pension, and now feel a little panic you won’t do the same. In this article, we will talk about different retirement scenarios, and how in some, have a mortgage may make more financial sense long term.

Boomers are three times for likely than their parents to have a mortgage at retirement.[iii]

The value of a home has increased 67% since the 1960s with those numbers estimated to continue climbing.[iv] College tuition has gone up eight times faster than wage growth.[v] Boomers reported a 72% increase in student debt in the last five years alone.[vi] Making student loan debt the second largest debt after housing debt. Obviously, there are pros and cons to paying off your mortgage before you retire, but for some, the goal is just unrealistic or potentially disastrous for their retirement egg.

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How Important Are Beneficiary Designations?

Thursday, 18 April 2019

How Important Are Beneficiary Designations?

I am surprised how many people still have life insurance policies that their parents started for them.  How many of us have small retirement accounts from a prior employer?  We don’t think about these assets very often and have likely never updated the beneficiary designations.

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Planning Your Future When Leaving Your Job

Friday, 12 April 2019

Planning Your Future When Leaving Your Job

You’ve been planning for your future and saving for retirement. Now that you are leaving your job, you’re faced with an important financial decision: What to do with your savings so you can stay on track with your retirement goals.

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Retirement Wealth Strategies is an independent business from Cambridge. Investment Advisory services offered through Investment Advisor Representatives of Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Securities offered through Cambridge Investment Research, Inc. a broker-dealer, member FINRA/SIPC. This communication is strictly intended for individuals residing in the states of Florida, Georgia, Kentucky, Michigan, Minnesota, Nevada, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, Puerto Rico, South Carolina, Tennessee, West Virginia, and Wisconsin. No offers may be made or accepted from any resident outside the specific state(s) referenced. Powered by AdvisorFlex

 

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