Retirement - North Light Financial Services

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

Making Your Money Work Harder for Retirement

Making Your Money Work Harder for Retirement Little things you could do that could help you leave work a little sooner. Little things matter. When planning for retirement, people naturally think about the big things arranging sufficient income, amassing enough savings, investing so that you dont outlive your money, managing forms of risk. All of this is essential. Still, there are also little financial adjustments you can make at mid-life that may pay off significantly for you down the [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:26-04:00February 14th, 2014|Investing, Personal Finance, Retirement|Comments Off

Social Security in 2014

Social Security in 2014 Next years small COLA isnt the only adjustment related to the program. Here are six things you need to know about Social Security for 2014. For claritys sake, here is a rundown of what is changing next year, and what isnt. Social Security recipients are getting a raise but not much of one. Next year, the average monthly Social Security payment will increase by $19 due to a 1.5% cost-of-living adjustment, one of the smallest [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:27-04:00December 5th, 2013|Business/Economic News, Retirement|Comments Off

Dividend Reinvestment & Compound Interest

Dividend Reinvestment & Compound Interest Their combined power must be recognized & appreciated. Why reroute dividends back into your investments? Isn’t taking the income the preferred outcome when a dividend is produced? Retirees and pre-retirees are eager for dividend income in this era of historically low interest rates. Even so, the choice to buy more shares has merit for the long run. Reinvestment & compounding may have profoundly positive effects. As a hypothetical example, let’s say you own 100 shares [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:28-04:00October 31st, 2013|Financial Fitness, Investing, Retirement|Comments Off

How Impatience Hurts Retirement Saving

How Impatience Hurts Retirement Saving Keep calm & carry on – it may be good for your portfolio. Why do so many retirement savers underperform the market? From 1993-2012, the S&P 500 achieved a (compound) annual return of 8.2%. Across the same period, the average investor in U.S. stock funds got only a 4.3% return. What accounts for the difference?1,2 One big factor is impatience. It is expressed in emotional investment decisions. Too many people trade themselves into mediocrity – [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:29-04:00July 25th, 2013|Investing, Retirement, Stock Market|Comments Off