Retirement Planning for the 65+ Year Olds

Americans are living longer than ever and as a result, retirement planning for 65 and over has become more complicated. How can you guarantee enough monthly income for life? What happens if I outlive my spouse? What happens if my social security does not cover my monthly expenses? With market volatility, rising healthcare and prescription costs and a longer life span, what are your best options to secure a safe retirement? Below are a few thoughts but remember everyone’s retirement planning is personal and needs to be customized with your specific goals. It is never to late to begin planning.

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6 Common Investor Mistakes You Need To Avoid!

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Whether you are a self-directed investor or your investments are completely managed by a 3rd party, chances are good that you feel that some level of improvement can stand to be made with the current performance of your investments. We all typically seek the same general objective: maximize our returns while protecting ourselves from downside risk. However, it has become increasingly difficult for some people to reach this objective as we are flooded by more information and faced with more investment alternatives. Fortunately, many investing fundamentals have remained unchanged, but problems and mistakes occur when you don’t take these fundamentals into proper consideration.

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Money Savings Strategies

Putting aside savings from every paycheck requires a lot of discipline, which sadly most of us lack. But there are strategies to help you deal with this situation, and to be able to develop and commit yourself to a long term savings strategy. Below are a few ways in which you can begin to or increase your savings plan.

 

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Planning for the New Retirement Age

For decades, Americans considered 65 years old to be the year of Retirement. Over the past decade or so, we have witnessed a transformation in the views towards retirement and retirement ages due partly to demographic changes in the population (notably longer life expectancies) as well as changing (and worsening) economic conditions.
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