Retirement - North Light Financial Services

Getting Financially Fit for Retirement at 50

Getting Financially Fit for Retirement at 50 Things for trailing-edge boomers & Gen Xers to consider. When you turn 50, retirement starts to seem less abstract. In terms of retirement planning, a 50th birthday can act as a wake-up call. It may offer a powerful reminder to trailing-edge baby boomers and Gen Xers, many of whom are wrapping up their second act with inadequate retirement savings for their third. You may find yourself with such a shortfall, and you wouldn’t [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:21-04:00November 20th, 2014|401(k)/403(b), Investing, IRA, Retirement, Saving & Budgeting|Comments Off

Couples Retiring on the Same Page

Couples Retiring on the Same Page Agreeing about what you want from retirement is crucial. What does a good retirement look like to you? Does it resemble the retirement that your spouse or partner has in mind? It is at least roughly similar? The Social Security Commission currently projects an average retirement of 19 years for a man and 21 years for a woman (assuming retirement at age 65). So sharing the same vision of retirement (or at least respecting [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:21-04:00September 25th, 2014|Financial Fitness, Retirement|Comments Off

Debunking a Few Popular Retirement Myths

Debunking a Few Popular Retirement Myths Certain misconceptions ignore the realities of retirement. Generalizations about money & retirement linger. Some have been around for decades, and some new clichés have recently joined their ranks. Let’s examine a few. “When I’m retired, I won’t really have to invest anymore.” Many people see retirement as an end instead of a beginning – a finish line for a career. In reality, retirement can be the start of a new and promising phase of [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:22-04:00September 8th, 2014|Personal Finance, Retirement, Saving & Budgeting|Comments Off

The Retirement Mindgame

The Retirement Mindgame: Your outlook may influence your financial outcome. What kind of retirement do you think you’ll have? An outstanding one? A depressing one? What if it all starts with your outlook? Qualitatively speaking, what if the success or failure of your retirement begins with your perception of retirement? A whole field of study has emerged on the psychology of saving, spending and investing: behavioral finance. Since retirement saving is a behavior (and since other behaviors influence it), it [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:22-04:00August 29th, 2014|Personal Finance, Retirement|Comments Off

Retirement Planning With Health Care Expenses in Mind

Retirement Planning With Health Care Expenses in Mind It is only wise to consider what Medicare wont cover in the future. As you save for retirement, you also recognize the possibility of having to pay major health care costs in the future. Is there some way to plan for these expenses years in advance? Just how great might those expenses be? Theres no rote answer, of course, but recent surveys from AARP and Fidelity Investments reveal that too many baby [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:25-04:00June 5th, 2014|Health Insurance, Personal Finance, Retirement|Comments Off