What is lifestyle inflation and why does it matter?

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

One of the secrets to building lasting wealth is to consistently spend less than you earn, which can be hard to manage no matter what your income is. As tempting as it may be to spend more as you make more, it’s important to stay focused and watch out for the common pitfall known…

Should you retire with your spouse?

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

Many couples dream of retiring side by side. Due to factors like health, employment preferences and household finances, however, life often calls for a change of plans. Surprisingly, retiring a few months or years apart often leads to happier results overall, especially when it comes to money matters. 

Finance Strategies

If your retirement nest egg could use…

What Will Social Security Look Like in 50 Years?

From: www.fool.com

Every month, roughly 62.5 million people, most of them senior citizens, receive a Social Security benefit check. Better than three out of five of its aged beneficiaries rely on the program for at least half of their monthly income.

As we look into the past and examine the present, it’s pretty easy to forecast how the program will perform, as well as…

How to create passive income

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

Creating passive income is all about careful strategizing and making the most of your time and money. Whether you’re looking for additional security during retirement or plan to retire early, developing multiple passive income streams can supplement or replace your existing sources of income and transform the way you spend your time.

Straightforward Options

Chances are, you’re already familiar with…

Optimizing A Retirement Portfolio Using Annuities

A pre-retiree heads into retirement with many goals, some at odds with others. Often these goals include: maintaining a high standard of living, not running out of money, leaving a legacy after death, etc. But, a retiree’s number one goal must be to not run out of money. In reality, having the right financial situation such that one can continue living without work and not run out…

Bonds Or Annuities: What’s The Best Way To Generate Retirement Income?

From: www.forbes.com

Many of us are familiar with and follow the “120 minus your age” investing framework. It says that you should subtract your age from 120 and invest that percentage in equities, putting the rest in fixed income. For example, a 50-year-old would be 70% (120-50) in equities and 30% (100%-70%) in fixed income. (Note that the rule used to…

Financial tips for every stage in life

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

There is no one-size-fits-all strategy when it comes to financial planning, but it can be helpful to create a road map based on details like retirement goals, income bracket and how much risk you’re comfortable with. These often align with age, making broad generational considerations a good place to start.

Generation Z

The oldest of Generation Z are…

5 tips to live in retirement like this famous 98-year-old

From: www.marketwatch.com

Americans are living longer in their old age, and should be preparing accordingly.

Restaurateur Cecilia Chiang retired in 1991 from her business but you can still find her cooking at home or enjoying meals at restaurants in her neighborhood.

The 98-year-old is well-known for her Mandarin Restaurant in San Francisco, which she opened in 1961 and sold in 1991. She received the…