Retirement - North Light Financial Services

Retiring Before 60

Retiring Before 60 If that is your dream, explore whether these steps could be useful to take. How could you retire in your fifties by choice? You will need abundant retirement savings and ways to access your retirement assets that lessen or avoid early withdrawal penalties. You may also need to have other, sometimes overlooked, components of retirement planning in place. There are ways to tap retirement savings accounts before 60. True, the I.R.S. discourages this with 10% penalties [...]

By info@northlightfinancialservices.com|2017-10-10T11:25:59-04:00October 5th, 2017|Personal Finance, Retirement, Savings and Investing|Comments Off

The Rough Consequences of Not Saving for Retirement

The Rough Consequences of Not Saving for Retirement Do you really want to risk facing these potential outcomes? Saving for retirement may seem a thankless task. But you may be thanking yourself later. Putting away a percentage of one’s income, money that could be used for any number of bills or luxuries, is a sacrifice made in the present in order to avoid a larger trouble down the road. More than a quarter of seniors have no retirement savings. To [...]

By info@northlightfinancialservices.com|2017-08-04T11:01:19-04:00August 3rd, 2017|Financial Fitness, Investing, Retirement, Savings and Investing|Comments Off

The A, B, C, & D of Medicare

The A, B, C, & D of Medicare Breaking down the basics & what each part covers. Whether your 65th birthday is on the horizon or decades away, you should understand the parts of Medicare what they cover, and where they come from. Parts A & B: Original Medicare. Americas national health insurance program for seniors has two components. Part A is hospital insurance. It provides coverage for inpatient stays at medical facilities. It can also help cover the [...]

By info@northlightfinancialservices.com|2017-04-11T14:17:11-04:00March 30th, 2017|Healthcare, Medicare, Personal Finance, Retirement|Comments Off

Retirement Planning for Single Parents

Retirement Planning for Single Parents It is a challenge – and it must be met. How does a single parent plan for retirement? Diligently. Regularly. Rigorously. Here are some steps that may help, whether you are just beginning to do this or well on your way. Setting a household budget can be a wise first step. Most households live without budgets – and because of that financial inattention, some of the money they could save and invest routinely disappears. When [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:12-04:00February 16th, 2017|Retirement, Savings and Investing|Comments Off

Think About Your Lifestyle Before You Retire

Think About Your Lifestyle Before You Retire Sometimes planning for retirement isn’t entirely about money. How many words have been written about retirement? It’s a preoccupation for many, and we devote so much time, thought, and energy toward saving for the last day we go to work. Saving and investing in such a way that we no longer have to work may seem ideal at first, but it raises a question: what do you have planned for all of that [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:14-04:00October 6th, 2016|Personal Finance, Retirement|Comments Off