<img height="1" width="1" style="display:none;" alt="" src="https://dc.ads.linkedin.com/collect/?pid=319290&amp;fmt=gif">
Find An Advisor Subscribe to Blog

SUBSCRIBE FOR UPDATES

2 min read

How Millennials Can Plan for the Future with a Financial Advisor

By NAIFA on 7/15/22 10:00 AM

The millennial generation has grown up in an era dominated by rapid changes in the economy. In recent decades, the responsibility of saving and investing has been largely delegated to individuals, as opposed to previous generations where this was mainly the role of governments and employers. Improved standards of living have also translated to increased life expectancies among millennials. The implication of this is that young people today have to make sound financial decisions to achieve financial security in retirement.

Topics: Retirement Planning Financial Planning Planning in Advance Retirement Legacy Planning Tools Financial Literacy Retirement Plans Financial Security
5 min read

Reverse Mortgages: No Longer Just a Loan of Last Resort

By Fairway Independent Mortgage Corp. on 6/24/22 10:00 AM

Many people have very strong opinions on reverse mortgage loans. Frequently, those opinions are based on misconceptions about what reverse mortgages are and how they work. One such fallacy that continues to live on is that reverse mortgages are just a loan of last resort—something that’s only for cash-strapped homeowners to utilize when all other viable solutions have been exhausted. 

In a recent New York Times article titled Reverse Mortgages Are No Longer Just for Homeowners Short on Cash, the author writes: “It was conventional wisdom that a reverse mortgage was a last-resort option for the oldest homeowners who desperately needed cash. But a growing number of researchers say these loans could be a good option for people earlier in their retirement […] who are not needy at all.”

Topics: Retirement Planning Financial Planning Planning in Advance Lifestyle Planning Reverse Mortgages loan Financial Security
2 min read

An Introduction to Annuities: How They Work and Their Pros and Cons

By NAIFA on 6/10/22 10:00 AM

What is an annuity?

An annuity is a financial product that provides regular and guaranteed payments to an individual, typically for a period of time after retirement. Annuities are often used as a retirement planning tool, as they can provide a guaranteed stream of income for life. This can be especially helpful for those worried about outliving their savings. 

Topics: Annuities Retirement Planning Financial Planning Planning in Advance
2 min read

Finances for Your Aging Parents: What to Expect and How to Prepare

By NAIFA on 5/13/22 10:00 AM

Finances for Your Aging Parents: What to Expect and How to Prepare

It's not always easy to think about your parents getting older and more dependent on you. When it comes to their finances, what do you need to know? What are the most important things for aging parents to consider when it comes to their finances? 

This article will cover what you need to know about planning for your elderly parent's financial needs in retirement so that they can maintain some level of independence. 

Topics: Retirement Planning Financial Planning Planning in Advance Eldercare Medicare Limited Care Financial Literacy
1 min read

3 Tips on How to Save and Pay Off Student Loan Debt

By NAIFA on 3/4/22 2:45 PM

Are you a young professional planning for your financial future? You may be contemplating how to clear your student loan debt and save more for your retirement. Discipline and commitment will never go wrong when it comes to financial decisions, but having a financial plan is key. Read on for three reliable tips on how you can save and pay back your student loans.

Topics: Retirement Planning Financial Planning Financial Literacy Budgeting
2 min read

Financial Planning for Early Retirement

By EveryIncome on 12/3/21 8:30 AM

Retirement looks different for everyone. While some people are content to continue their careers well into their sixties, some motivated professionals aim to retire early. Early retirement isn’t for the faint of heart; building up a substantial retirement savings, boosting your financial proficiency, and figuring out how to maintain your standard of living without a stream of traditional income can be a harrowing prospect. However, if everything works out well, early retirement can be an incredibly enjoyable way of life. Consider these financial planning tips to help you work towards an early retirement.

Topics: Retirement Planning Financial Planning
2 min read

Take a Proactive Approach to Retirement Planning

By EveryIncome on 11/1/21 2:24 PM

Retirement is something that most people think about, regardless of their age. Whether it’s to obsess over their savings or plan what to do during their golden years, many people spend a great deal of time thinking ahead. Most company pensions are a thing of the past, and some younger folks express skepticism that retirement benefits provided by the Social Security Administration will be sufficient (or available at all) by the time they retire. For those looking to get a head start on retirement planning, financial wellness programs can provide many valuable tools, information, and insights.

Topics: Retirement Planning Financial Literacy
7 min read

How to Catch Up on Retirement Savings if You’ve Left the Workforce

By Principal® on 10/26/21 2:23 PM

This article was previously published by Principal.

People leave the workforce for all sorts of reasons and lengths of time—some by choice, some not. But any break in work, be it temporary or prolonged, may also lead to a break or dip into retirement savings. Take the year 2020: 15% of people faced with a job loss or reduction borrowed from or cashed out retirement accounts, according to the Federal Reserve.1

Luckily, there are lots of ways to catch up on retirement savings if you’ve left (and perhaps reentered) the workforce. Whatever path you choose depends on the tradeoffs you’re willing to make in the short and long term. These ideas may help.

Topics: Retirement Planning
1 min read

Fairway Mortgage presents: How Not to Lose In Retirement

By NAIFA on 7/19/21 7:25 PM

It was all about what you could gain during your earning years-- and now in retirement, it is how not to lose.  Join two experts, Harlan Accola of Fairway Independent Mortgage and David McKnight, the author of the Power of Zero,  for How Not to Lose in Retirement on Wednesday, July 21st at 5:30 pm eastern, as they review your most important investments: 

Topics: Retirement Planning Retirement taxes
3 min read

Life Insurance vs. a 401(K): Pros and Cons

By EveryIncome on 2/11/21 9:28 AM

The countless choices can be mind boggling while researching your retirement investing options. However, there are certain decisions that should not be either/or.

Topics: Retirement Planning Life Insurance Retirement 401(k) Press Release Financial Security

SUBSCRIBE FOR UPDATES