South Shore Retirement Services Blog
Is your retirement income strategy tax ready?
Saving for retirement is hard enough but practicing proper tax-efficient strategies—before and after retirement—is just as important. Long-term tax planning should be a part of everyone’s retirement income strategy. It can boost income and put extra dollars in your pocket when you need them the most. Unfortunately, tax deductions are usually the last thing people think about when planning for retirement. Luckily, it’s easier than you think! Here are some things you can do to…
Continue Reading
Inflation and Your Retirement: What You Can Do to Prepare
It’s no secret that in the last six months we’ve noticed a significant hit to our budgets by way of inflation. The annual inflation rate for 2021 spiked to 7% in December from the same month a year earlier, the fastest climb we’ve seen in the last 40 years. You didn’t even need to read the headlines to know something was up. Your wallet undoubtedly took repeated hits buying gas, food, clothes, etc. We can…
Continue Reading
4 Questions Every Woman Should Ask to Prepare for Retirement
According to the US Census Bureau, 80% of women outlive their male counterparts. This staggering number has been a constant in longevity studies for centuries, yet not much has changed when it comes to women factoring this reality into their retirement planning. Put simply, if women live longer than men, then their assets should too. Some of the contributing factors that make women less prepared for retirement than their male counterparts are quite shocking. According…
Continue Reading
The State of Other States: Relocating in Retirement
I was recently chatting with a friend about the pros and cons of moving to more tax-friendly states upon retirement. She wanted to know which state was the most popular with my relocating clients and what prompted them to move. Now, I’ve been in this business for almost 25 years and I can say for certain that there is rarely just one reason why retirees decide to relocate. Financial benefits like fewer taxes and a…
Continue Reading
3 Benefits to Working in Retirement
After the chaos of the pandemic, most of us are eager for normalcy to return to our lives and getting back to the routine of seeing our families, having dinner with friends, traveling, etc. But as many companies return to the office or rollout plans to return soon, some workers are saying “not so much.” They’re reevaluating their options, changing careers, starting their own ventures, or simply not going back to an office 9-5 every…
Continue Reading
Top Retirement Worries and How to Address Them
Over the past 24 years, I’ve spoken with many people whose retirement worries are crippling. They’re often paralyzed with fear about the what-ifs of retirement: What if I run out of money? What if I need more money for the things that I want to do? What if inflation is out of control? What if the market tanks? What if I get bored? What if I don’t feel comfortable withdrawing the money I need to…
Continue Reading
What is the Widow’s Penalty?
Death is a harsh reality of life. It’s the worst part of my line of work. Unfortunately, since I’ve been doing this for a long time, I’ve had a number of clients who became good friends pass away. It’s awful. It’s hard. And it’s unavoidable. The least we can do is help make that transition as smooth as possible for the loved ones left behind. When someone dies, he or she likely leaves somebody behind,…
Continue Reading
7 Common Retirement Questions to Ask
Questions. Retirement is chockful of questions and knowing the right ones to ask is half the battle. Also of importance: knowing where to turn, whom to trust, and when to act (and how). It can be daunting, to say the least. So, what’s a person to do? For starters, don’t go it alone. Start getting answers to any retirement questions you have. All too often I hear stories of folks who tried to manage everything…
Continue ReadingBy submitting your personal information, you consent to be contacted by a financial professional regarding your financial strategy for retirement.
Ready to take
The Next Step?
For more information about any of our products and services, schedule a 15-minute strategy session today or register to attend an event.
