When most of us contemplate our retirement years, we envision travel, spending time with the grandchildren, or maybe taking up a new hobby. What we don’t consider is the increasingly likely possibility that we will spend the majority of our retirement years as a caregiver to a parent. As a North Andover area elder law attorney at DeBruyckere Law Offices explains, however, having two generations in retirement at the same time has become commonplace. The New Phenomenon Experts tell us that … [Read more...] about How to Handle Two Generations in Retirement
Like millions of Americans, you may have one or more retirement accounts with considerable assets held in the accounts. What happens to those assets after you are gone? The Londonderry retirement planning attorneys at DeBruyckere Law Offices explain what happens to your retirement account after your death. Retirement Account Basics Faced with the need to plan for their own retirement, self-funded options such as Individual Retirement Accounts (IRAs), 401(k)s, and other tax deferred … [Read more...] about What Happens to My Retirement Account When I Die?
@L5 Retirement planning is essential anymore if you wish to be financially secure when you reach your retirement years. Ideally, a retirement plan begins soon after you land your first “real” job and continues to grow over the years. Initially, retirement planning means nothing more than setting aside as much money as possible in the hope that you can make it grow over the years. As you get closer to actually retiring though, that plan will become more intricate as details are added to it. … [Read more...] about New Hampshire Ranked 7th Best State for Retirees
Whether you are 25 or 55, your retirement should always be something you keep in mind whenever you make major decisions. One of the biggest retirement planning decisions you will make is where you wish to live out your “Golden Years.” For some people, the thought of moving from where they spent their working years is not even a remote consideration. For others, they are counting the years, months, and then days until they can move to paradise and enjoy their retirement years. So where, exactly, … [Read more...] about New Hampshire Ranked #1 Retirement Spot
No matter how old you are right now, your retirement years loom somewhere in your future. In order to live comfortably during your “Golden Years” you need to start planning as far in advance as possible. If you are still relatively young, retirement may seem so far away that planning for it hasn’t even occurred to you yet; however, it should. If you are closer to middle age, you have likely started to worry about your retirement years – and hopefully started saving for them as well. Regardless … [Read more...] about Tips for Saving Money for Retirement
No matter how old you are right now, you should be thinking about your retirement because the earlier you start saving for your “Golden Years,” the more comfortable those years will be for you. In order to create a retirement plan, however, you need an answer to the question “ How much do I need to retire? ” There is certainly no shortage of opinions on what it will cost you to live during your retirement years nor on formulas that will help you calculate how much you need to save each year. The … [Read more...] about How Much Do I Need to Retire?
If you are still in your 20s, you probably think you are too young to be thinking about your retirement. The time to start planning for your retirement, however, is when you first start working. If you are nearing retirement age and have yet to create a retirement plan, you may be concerned that it is too late to get started; however, it is never too late to think about your retirement plans. Like most people though, you may not know where to begin. Yes, you need to save money for your … [Read more...] about Retirement Guide 101
Photo: Medicare.gov October marks the beginning of the Medicare Open Enrollment period. In fact, it runs October 15 through December 7 every year. This is a great time to learn more about open enrollment and why it matters. As you may know, every year, there are changes made to Medicare health and drug plans. These changes might include shifts in coverage, changes in providers and changes to the various costs. The open enrollment period allows those with Medicare to make changes, if they … [Read more...] about What You Need to Know: Medicare Open Enrollment
It’s not necessarily an acronym for a new program, but for many families, they’re adopting it, nonetheless. SKI simply means “spending the kids’ inheritance” – and skiing is a growing trend in the U.S. Many celebrities and tycoons are enjoying this new found freedom – for the sake of their kids, of course. They say it makes their children stronger and more appreciative of money and everything that comes with wealth. Michael Bloomberg is one of those tycoons who’s happily skiing. He’s … [Read more...] about What is SKI?
The New Hampshire and Massachusetts State of Retirement in 2015 from Daniel DeBruyckere Meanwhile, 18 percent say they’re not worried and are confident they’ll find a solution before retirement. Learn more about The New Hampshire and Massachusetts State of Retirement in 2015 in this presentation. … [Read more...] about The New Hampshire and Massachusetts State of Retirement in 2015