Blog - North Light Financial Services

Retire at 65 … Or Not?

Retire at 65 ... Or Not? Your assets matter more than your age. Isn’t 65 the traditional retirement age? Perhaps, but baby boomers are modifying the definition of a traditional retirement (if not redefining it altogether). The Social Security Administration has subtly revised its definition of the traditional retirement age as well. If you glance at the SSA website, the “full” retirement age for Americans born from 1943-1954 is 66, and it is 67 for those born in 1960 and [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:26-04:00April 17th, 2014|Financial Fitness, Retirement, Social Sercurity Planning|Comments Off

Hanging on Through Turbulence

Hanging on Through the Turbulence Patience & diversification matter in all manner of stock market climates. Stocks rise, fall ... and rise again. Volatility certainly came back to Wall Street during the first several weeks of 2014 in the form of a 7.2% descent for the Dow Jones Industrial Average and a 5.9% retreat for the NASDAQ. The declines gave investors pause: was a correction underway? Would bulls be held back for 2014?1 As it turned out, no. On February [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:26-04:00April 3rd, 2014|Business/Economic News, Investing, Stock Market|Comments Off

Wise Decisions with Retirement in Mind

Wise Decisions with Retirement in Mind Certain financial & lifestyle choices may lead you toward a better future. Some retirees succeed at realizing the life they want, others don’t. Fate aside, it isn’t merely a matter of stock market performance or investment selection that makes the difference. There are certain dos and don’ts – some less apparent than others – that tend to encourage retirement happiness and comfort. Retire financially literate. Some retirees don’t know how much they don’t know. [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:26-04:00March 20th, 2014|Personal Finance, Retirement, Saving & Budgeting|Comments Off

Asset Location & Timing to Reduce Taxes in Retirement

Asset Location & Timing to Reduce Taxes in Retirement Read this if you want to preserve more of your nest egg & lower your tax bill. Location, location, location ... It matters when it comes to real estate, and it also matters when it comes to the way you hold and invest your retirement savings. You can’t control what happens with the tax code, but you can control how your savings are held. As various types of investments are taxed [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:26-04:00March 7th, 2014|Investing, Personal Finance, Stock Market|Comments Off

A Guide to 2014 Tax Law Changes

A Guide to 2014 Tax Law Changes (& More) While 2014 has not brought momentous changes to federal tax laws, there are many alterations and COLAs worth noting. In particular, the Affordable Care Act has prompted a few significant changes. Additionally, a host of tax provisions created during the recession expired at the end of last year. Some were scheduled to sunset at the end of 2012, but were extended. Their reinstatement for 2014 is left to Congress. The 2013 [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:26-04:00February 21st, 2014|Income Taxes, Personal Finance|Comments Off