In the past, many of us relied on three sources of funds when our paycheck...Read 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
The amount you can expect to receive from Social Security varies quite a bit. As we at Texas Financial & Retirement like to point out, Social Security should only account for about ⅓ of your income during retirement (the other ⅔ coming from retirement plans and personal savings). For many people, it will actually beRead More
Men and women are different, in case you weren’t aware. And not just physically – the differences extend into many aspects of life, including retirement. Our gender affects the predicted average length of our livesand the age at which we will likely choose to begin retirement. According to the Center for Retirement Research at BostonRead More
No, you probably cannot. Social Security is not designed to replace your full working wages. It’s intended to cover only approximately 40 percent of the income you earned while working. You may not need to fully replace your working years’ income during retirement, however. The Social Security Administration notesthat many financial advisors suggest you’ll likelyRead More
When you leave an employer, or your employer is bought or merges with another company – or goes out of business, you typically need to decide what to do with your old 401(k) or 403(b) retirement account. That’s not terribly uncommon. Recently, right here in East Texas, we have seen major changes within the medicalRead 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.