Retirement - North Light Financial Services

Should You Plan to Retire on 80% of Your Income?

Should You Plan to Retire on 80% of Your Income? Examining a long-held retirement planning assumption. A classic retirement planning rule states that you should retire on 80% of the income you earned in your last year of work. Is this old axiom still true, or does it need reconsidering? Some new research suggests that retirees may not need that much annual income to keep up their standard of living. The 80% rule is really just a guideline. It [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:15-04:00April 29th, 2016|Retirement, Saving & Budgeting|Comments Off

Money Concerns for Those Remarrying

Money Concerns for Those Remarrying What financial factors deserve attention? Some of us will marry again in retirement. How many of us will thoroughly understand the financial implications that may come with tying the knot later in life? Many baby boomers and seniors will consider financial factors as they enter into marriage, but that consideration may be all [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:16-04:00March 30th, 2016|Financial Fitness, Personal Finance, Remarrying, Retirement|Comments Off

Financial Planning with Health Insurance in Mind

Financial Planning with Health Insurance in Mind How much might health care cost you someday? “Financially speaking, what would be the worst thing that could happen to you?” If you ask a hundred people in their forties that question, you may get a dozen different answers. Some may say “my business going under” or “losing my house.” Some might say “a divorce,” “a lawsuit,” or “being laid off.” But how many would say “a severe illness?” A catastrophic illness seems [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:16-04:00March 17th, 2016|Financial Fitness, Health Insurance, Retirement, Well-being|Comments Off

Reducing the Risk of Outliving Your Money

Reducing the Risk of Outliving Your Money What steps might help you sustain and grow your retirement savings? “What is your greatest retirement fear?” If you ask retirees that question, “outliving my money” may likely be one of the top answers. Retirees and pre-retirees alike share this anxiety. In a 2014 Wells Fargo/Gallup survey of more than 1,000 investors, 46% of respondents cited that very fear; 42% of the respondents to that poll were making $90,000 a year or more.1 [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:16-04:00March 10th, 2016|Retirement, Saving & Budgeting, Savings and Investing, Social Sercurity Planning|Comments Off

The Chapters of Retirement

The Chapters of Retirement The five phases of life after 50 & the considerations that accompany them. The journey to and through retirement occurs gradually, like successive chapters in a book. Each chapter has its own things to consider. Chapter 1 (the fifties). At this stage of life, retirement becomes less like a far-off dream and more like a forthcoming reality. You begin to think about when you can retire, and about taking the right steps to retire comfortably. By [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:16-04:00February 11th, 2016|Financial Fitness, Retirement, Well-being|Comments Off