Retirement - 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

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