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Category: Retirement

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Why does Inflation matter to Retirees?

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A Message from Edge Investment Solution’s Damon Walker:

Source: Edge Investment Solutions BLOG July 13 2020
Why does Inflation matter to retirees?

Over the last few years, the inflation rate in the United states has been fairly low. The average consumer Price Index (CPI) has been 2.1% in 2017, 2.4% in 2018, and 1.8% in 2019. Though the general economic outlook on inflation by the Federal Reserve is relatively stable, when you take a closer look at the economic data and potential impact of inflation on retirees, inflation and rising costs are a bigger concern for those in retirement than the general population.

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College Planning for Costs While Preserving Your Retirement Nest Egg

College planning is an essential financial-planning strategy, as college costs are substantial enough to have the potential to compromise the parent’s retirement plans or produce burdensome debt for the college student. The costs can range from $100,000 for some local state-supported universities to $280,000 for many prestigious private schools. Most parents with pre-college age students range in age from 40 to 60 years old and most are concerned with how much college will cost. They are unsure of how much government aid they will receive. Some have set money aside in a 529 plan, state tax-free college bonds, or a prepaid tuition plan, but many have done little planning.

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10 Things You Must Know About Retiring to Florida

As you sit there mulling a retirement in the South, approximately 1,000 people are already on their way to Florida today with all their household belongings. Should you join them?

Like many baby boomers approaching retirement age and hunting for a warmer climate to call home in their golden years, I too am on the prowl for a new locale, though my target date is further down the road. My wife and I scouted cities and towns in Florida for a possible landing pad — so I have some skin in the game.

But Florida isn’t all about the beaches, Disney World and the massive retirement community known as The Villages. I interviewed experts and residents for tips on what you need to know about moving to Florida. So grab an OJ and dive on in. The water’s warm, but…complex.

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Roll Over 401k Options: FAQ #1 with Coach Kimmy

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A frequently asked question is what to do with your 401(k) plan if you switch employers.   

 

Before making any decision, be sure to review the information provided for some guidance.   As you can see most questions have multiple answers and in order to make the best decision for you and your family it is important to be well informed of all the options as well as the ramifications of each course of action.

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Kim Holland Lyon

Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, member FINRA/SIPC. Financial  Services offered through Cambridge Investment Research, Inc. EDGE INVESTMENT SOLUTIONS are not affiliated. Dave Ramsey and The Dave Ramsey Show are not affiliated with Cambridge Investment Research, Inc. This communication is strictly intended for individuals residing in the states of AL, AR, AZ, CA, FL, IL,ME, MN, MS ND,NJ, NM, NY,PA, SD,TX,VT, VA,WA.