In the past, many of us relied on three sources of funds when our paycheck...Read More
We all want to cut our expenses when we retire to help us have a comfortable standard of living on our more limited income. Generally, the last thing we want is to add another new expense. And many people intentionally wait to retire after they turn 65, so they will have Medicare to cover theirRead More
For most people, Medicare Part A comes at no cost after age 65. That’s because they have worked enough time (at least 40 quarters, 10 years total) while paying Medicare taxes. Those who only paid Medicare taxes for 30-39 quarters have a monthly premium for Medicare Part A of $232. Those who paid Medicare taxesRead More
If you asked people approaching their planned retirement age if they wish they had saved more in their earlier working years, almost all would say “yes.” Without a time machine, we can’t go back and save more sooner. We can only make changes going forward to improve our retirement income. But even if we’ve beenRead More
For a variety of reasons, people have been saying that younger adults (Millennials, specifically) aren’t saving enough for their retirement. Some will say it’s the crushing debt from student loans which prevents them from being able to save. Others point out that they entered the employment market at a point in time where wages wereRead More
Smart people know that sometimes they need to seek out expert opinions – because none of us is an expert in everything. As the person in charge of your finances, you should be willing to consult a financial planner when necessary. We serve a diverse group of clients at Texas Financial and Retirement and haveRead More
According to The Center for Retirement Research at Boston College, a person who retired at age 65 in 1970 could expect to live another 13 years during their retirement. They likely had a pension to add to their Social Security to cover expenses during those retirement years. Someone who retires in 2020, at the sameRead More
Texas Financial and Retirement
To positively change the financial and retirement lives of the families we represent forever.
To help families create and grow wealth, protect and preserve their life savings, create a comfortable retirement income, and plan for the distribution of their estate in the most tax efficient manner.