Understanding & Calculating the Retirement Income Gap
What is the Retirement Income Gap? The retirement income gap refers to the difference between the amount of money you will need to sustain your desired lifestyle in retirement and the income you expect to receive from guaranteed sources like Social Security and pensions. To determine the retirement income gap, you must first establish your […]
Key Elements of Successful Retirement Planning
Retirement planning is a significant phase in life that requires careful consideration and strategy. Let’s explore essential insights from a recent Retirement Roux™ podcast featuring Louisiana’s Retirement Strategist™, John Blanchard. He discusses critical factors, such as fees in small company 401Ks, the importance of investment flexibility, and finding fulfillment in retirement. Let’s delve into the […]
5 Ways Long-Term Healthcare Keeps You Physically and Mentally Healthy in Retirement
Retirees, especially those who have reached their senior years, should prioritize their health if they want to enjoy a fulfilling and healthy retirement. It’s essential to note that investing in long-term healthcare is crucial and offers several benefits for retirees. In this article, we will discuss five of the most significant benefits a retiree can […]
IRA RMD Rules Delayed by IRS
The Internal Revenue Service [IRS] has recently made an important announcement that is likely to impact many retirees. Namely, new and updated rules for inherited Individual Retirement Accounts [IRAs] are in the works. And this may have a considerable effect on retirees and beneficiaries. Fortunately, this delay in the finalization of Required Minimum Distribution [RMD] […]