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Preparing Emotionally for Retirement

June 29, 2016

Retiring

You spend your entire life preparing for your retirement financially. But because retirement is such a significant change in your life, you can’t forget to prepare emotionally for the day you can finally break from your 9–5 work week.

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Security Finance: Retirement Spending

June 24, 2016

Retirement Age

So you’ve made it to retirement. You have been saving for more than forty years for this day, carefully setting aside money from each hard-earned paycheck to add to your nest egg, excitedly planning for the day you can finally just rest—and now it’s here. But the shift from saving to spending is much easier said than done, especially when it comes to the uncertainties of retired living.

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Stock Market Changes and Your Retirement Savings

June 17, 2016

How can I protect my retirement savings from significant swings in the market?

It’s all about age-appropriate investing. When you’re young, you can be a little risky about your investments because a dip in the market won’t kill your retirement savings. But the older you get and the longer you accumulate wealth, the more conservative you should be with your earnings. We recommend keeping a larger percentage in low-risk types of investments to ensure minimal losses.

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Investment Strategies: 401k Withdrawal

June 10, 2016

How Much Do I Need To Retire?

Not everyone understands or even pays attention to the stock market, but people often look at their 401k balances. This year began with a dip in the market and has remained stagnant since—but what does this mean for your 401k?

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What is Estate Planning?

June 3, 2016

Ask yourself right now: if you and your spouse died tomorrow, do you know what would happen to everything you leave behind? For too many people, the answer is no. Estate planning is a crucial part of retirement planning, and preparedness in general. And yet, many have no clue what is involved in planning their estate and preparing for the unknown.

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Should Parents Pay for College?

May 20, 2016

As we approach graduation season, many parents are facing the financial decision that could make or break their retirement: How do I pay for my child to go to college? The cost of college is on the rise. On average, state college cost about $9,000 a year for state residents and about $23,000 a year for out-of-state students. Private colleges cost around $30,000 a year on average. And those numbers don’t include the cost of housing or food.

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Baby Boomer Retirement Challenges

May 10, 2016

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America’s demographics are changing dramatically, as ten thousand baby boomers are retiring every day. Baby boomers are redefining retirement, especially because some seniors may be retired for more years than they were in the workforce. Here are some of the trends and challenges that baby boomers will face as they plan for and reach retirement.

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3 Tips to Ease Financial Stress on Your Marriage

May 3, 2016

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Financial problems are a significant contributing factor to divorces. Because everyone has different financial priorities and ideas about how to spend and save, discussing finances with your spouse may cause a strain on your relationship. However, your financial status as a couple is vital to planning your retirement. So, we’ve provided you with three tips for easing the stress on your relationship when financial issues arise.

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Your First Appointment

April 28, 2016

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So you know you need to plan for your retirement, and you’ve probably heard that hiring a financial advisor is a good start. But making that first appointment can be nerve-wracking, and you may not know what to expect. So we’re here to help you get past any obstacles that are blocking you from taking that first step toward planning your dream retirement with your financial advisor.

Obstacle #1: Financial advisors are too expensive
At Ashton Strobelt, we offer a free first consultation. Our first meeting with you is meant to be a discovery meeting. We want to get to know your retirement goals and current financial state, and (of course) we want to get to know you. Our fees will be fully disclosed at this first meeting. The initial meeting with any financial consultant is to help you find a good fit, so make sure you feel comfortable before you make any decisions.
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Retirement Fact & Fiction

April 20, 2016

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Are you as prepared for retirement as you think you are? Or is that retirement oasis in the distance all a mirage? We’re debunking some common misconceptions about retirement this week to help you check your knowledge so you know exactly what to expect after you deposit that last paycheck.

 

  1. The Belief: If I need a nursing home, the Government will pay for it after retirement.

The Verdict: False

Most government insurance programs require that you pay for a nursing home or at-home medical care out-of-pocket or with private insurance first. Once your own private funds have been depleted, you can apply for Medicare or Medicaid, which can subsidize your nursing home costs. Make sure that you have a financial plan for health problems that you or your spouse may go through in retirement.

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