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The Week Ahead – August 12, 2019: Planning for Future Health Care Costs

The usual method for estimating spending needs in retirement is to take your post-retirement household budget and tack on an inflation rate, such as 2%. Not so for health expenses. Some expenses increase at a faster rate than the inflation rate you use, others at a slower rate, but overall, expenses such as housing, utilities, food, and so on, should rise with the general rate of inflation.

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social security benefits application form

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August 12, 2019, Social Security: Are You Ready for Potential Shortfalls?

Written by Taylor Financial Group, LLC Some people are convinced that we are approaching the end of Social Security, and fast. In fact, it has been causing many Americans to question themselves: “Will Social Security still exist when I retire?”

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rust listed as a beneficiary of your IRA of your retirement account

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August 8, 2019, Do you have a trust listed as a beneficiary on your IRA? Find out how that can potentially put you at risk.

If the SECURE Act is passed (as we anticipate that it will be), and you have a trust listed as a beneficiary of your IRA, your retirement account could potentially be at risk.

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The Week Ahead – August 5, 2019: Searching for Health Coverage in the Years Before Medicare

What are your options for insuring yourself prior to age 65? If you retire before age 65, you must be prepared to address two insurance issues. One, finding health coverage in the period before you can sign up for Medicare. Two, finding a way to pay for that coverage.

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Dr. Kelly Federal reserve cutting rates

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August 5, 2019, Federal Reserve Cutting Rates

Written by Taylor Financial Group, LLC Wednesday, July 31st was a big day. The Federal Reserve cut interest rates (by 25 basis points (0.25%)) for the first time since it battled the financial crisis in 2008. To put this in perspective, the last time the Fed cut rates, the Dow Jones Industrial Average was a third of what it is today, and Instagram was not yet invented.

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Taylor Finanacial Group, LLC Announcement

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August 1, 2019: The Fed Rate Cut and Portfolio De-Risking

Written by Taylor Financial Group, LLC Greetings, Prior to the Fed’s announcement on July 31, 2019, we reviewed most of our portfolios and we de-risked many positions and accounts.

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The Week Ahead – July 29, 2019: Gradual Retirement

Not everyone retires the same way – or at the same pace. Are you in a hurry to retire? Not everyone is rushing to that particular finish line. According to the 2018 retirement survey from the Transamerica Center for Retirement Studies, which gauges the outlook of American workers, 56% of those who describe themselves as “fully retired” did so before age 65, while another 14% said goodbye to the daily grind in the year they turned 65.

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July 29, 2019, Will You Live Comfortably in Retirement?

Written by Taylor Financial Group, LLC Recent reports show that more Americans currently expect to live comfortably in retirement compared to a year ago.1 Perhaps, it is due to recent stock market gains or low unemployment. In any event, this optimism is great! However, there’s another side to this story that should not be overlooked. Looking at a recent Gallup survey, I was struck by the difference between investors’ positive outlook on retirement and their negative outlook on their current retirement savings.2 In fact, it took me two reads to fully realize what was happening! When Our Expectations Don’t Match...read the full article

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529 College Savings Plan, financial advisor, Carson Wealth, Omaha, Nebraska

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How a 529 College Savings Plan Can Help Make Summer Dreams a Reality

I have always loved the feeling of summer. Once Memorial Day celebrations kick off, the atmosphere seems to relax. Sunshine, water and sunscreen seem to be everyone’s focus. Long, warm nights are filled with the sounds of lawn mowers and children laughing.

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clock ticking down to retirement

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The Week Ahead – July 22, 2019: You Could Retire, But Should You?

It might be better to wait a bit longer. Some people retire at first opportunity, only to wish they had waited longer. Your financial strategy likely considers normal financial ups and downs.

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