3 Retirement Trends to Watch in 2024

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

Many of us have a picture of what the average retiree looks like, but the way people view retirement and how they want to spend their golden years is changing in some ways. These three trends might shed some light on what to expect in retirement and how to plan ahead:

1. Life keeps getting better. Retirement…

How to Calculate Your Net Worth

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

Your net worth is a measure of your total assets minus your liabilities. While that sounds easy enough to determine, you have to consider more than what is in your bank account. How can you calculate your net worth?

Add Up Your Assets

First, add up all of your assets, anything that you own that has value. Assets might…

What to Know About Passing Down Property

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

Do you want to keep your home in the family? You have several options to pass down property, but it is important to consider what option works best for your loved ones.

How can you pass down property?

• Your Will: Your will is an important document that leaves directions for your belongings after your death. You can designate…
  
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Preparing Your Finances for Parenthood

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

Parenthood is a major milestone. Are you ready for the financial changes that come along with having a child? New and expecting parents need to be prepared to cover all their little ones’ needs now and in the future — and there are some potential perks, too.

You can use this four-step checklist to help ensure you’ve covered your…

Single Versus Joint Life Insurance

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

Life insurance gives you peace of mind that your partner will be taken care of when you are gone. If you are in a committed relationship, you can get that peace of mind with a single or joint life insurance policy. But what is the difference between the two, and which works best?

Single Life Insurance

• Coverage: As the name…
  
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Retirement Risks for High Income-Earners

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

Even middle- and upper-income earners face retirement risks. What are some of the biggest risks, and how can you preserve your financial security in retirement?

The Risks

• Volatility: Your retirement portfolio could be impacted by market volatility. Will you be prepared if your planned retirement date is in the middle of a market downturn?
• Longevity: Longevity is a wonderful…
  
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By Ted James

Perhaps you’ve seen lots of headlines about a looming recession, and you can’t help but stress over your financial future. You want to do everything you can to keep your household on stable footing if economic conditions turn sour. By working with the professionals at REAP, you can ensure that you’re still saving for retirement and properly allocating your portfolio. Plus, these tips will show you how to…

By Mallory Edens

As people age, we can tend to become more insular and have fewer human connections. But humans are social creatures; it is in our nature to want to connect with others. Though the age of social media has brought with it new tools for making connections, there’s something to be said for meeting face-to-face. Here, we offer a few tips for rekindling old connections and making new ones.

By Mallory Edens

After spending your life working and creating an estate with some help from Retirement and Estate Advisors and Professionals, the last thing you want is to struggle in your golden years. However, financial struggles can fall on anyone. If you are facing self-doubt and wondering how to bounce back after financial issues, consider this brief guide to help you get back to financial stability.

Find Ways To Relieve Stress

Start by taking a…

By Lyle Solomon

No matter how much money you make or where you are in life, you will always have to choose between spending and saving. And when it comes to big financial goals, like paying off debt or saving for retirement, it’s not always clear which one to work on first.

You will have a better financial future if you choose to save or pay down debt instead of spending any extra money you might…