Income Planning
How can I save more for my retirement?
As we grow older and get closer to our expected retirement, we often look for ways to increase our savings to have better retirement income. There are several ways you…
Read MoreEven older working households with a retirement plan aren’t saving enough
Every generation seems to enjoy pointing at the newest generation coming up behind them and saying, “Those kids today! They just don’t …” Today’s aging Baby Boomers are no different.…
Read MoreWhy saving money isn’t all you need to do to get retirement right
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,…
Read MoreShould you visit with a Financial Advisor or Planner?
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,…
Read MoreWhen should I start receiving my Social Security benefits?
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…
Read MoreEveryone is working longer before retirement – particularly women
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…
Read MoreCan I live on my Social Security when I retire?
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.…
Read MoreWhat Happens To My 401(k) Or 403(b) When My Employer Changes?
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…
Read MoreAre you overdue for a Financial Stress Test?
Speaking of a physical stress test, the Mayo Clinic says “A stress test, also called an exercise stress test, shows how your heart works during physical activity. Because exercise makes…
Read MoreDo you need more certainty in retirement?
When we’re in the workforce during our accumulation years, the last thing we want to see with our finances is too much stability. We want growth, and lots of it!…
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