If you had to save $10,000 in the next six months, how would you go about it? Columnist Simon Constable took an inventory of average living costs, and came up with a surprising conclusion: this is actually do-able for some people, and it might actually be easy. However, for smart consumers, your total savings might […]
Archive for the
‘Retirement Planning’ Category
Everybody should have a power of attorney—that is, a legal document that gives a designated individual the right to act on their behalf when making financial decisions. The power of attorney is most often used by adult children to make decisions on behalf of aging parents when they are no longer capable of making sound […]
The number of Americans in or nearing retirement who are still holding significant mortgage, auto, even student loan debt has been rising in recent years. According to recent data released by the Federal Reserve Bank of New York, the average 65-year-old borrower has 47% more mortgage debt and 29% more auto debt than 65-year-olds had […]
Several years ago, Jack’s father died. Jack grieved not only for his father’s passing, but also for his widowed mother who had been married to Jack’s father for 35 years. In due course, Jack’s mother remarried. However, when she eventually passed away, Jack suffered a double loss: Jack not only lost his mother, but also […]
The one predictable thing about life is that it will always be unpredictable. Change will come, and although we will do whatever we can to plan for it, certain things will happen that we’re not ready for or didn’t see coming. As your financial advisor in Columbus, rebel Financial will do whatever we can to […]
Whether you will soon be applying for Social Security, or are already receiving benefits, here’s what you need to know about what’s changing (and not changing) in 2016. What’s Not Changing No Cost-of-Living Increase: Because inflation was unchanged from the third quarter 2014 to the third quarter 2015, there will be no increase in benefit […]
With the passage of the Bipartisan Budget Act of 2015, two strategies to potentially maximize Social Security benefit payments were eliminated. An Overview Prior to the budget’s passage, married couples had two strategies to help maximize their Social Security benefits: “file-and-suspend” and “restricted applications.”¹ Under file-and-suspend, the higher-earning spouse filed for benefits and then suspended […]
As your retirement years approach, you think more and more about how you’d like to spend them. Regardless of your current circumstances – employed full-time, part-time, or in between jobs – it’s important to plan appropriately for retirement. If owning a second home is one of your goals, then rebel Financial is here to help. […]
The times they are a changin’ for baby boomers. The generation that lived through and influenced the revolution in the retirement industry is now poised to begin withdrawing money from their retirement-saving vehicles — namely IRAs and/or employer-sponsored retirement plans. If you were born in the first half of 1946 — you are among the […]
There are countless retirement calculators out there, and if you’ve used one or two, you might have somewhat of an idea of what you need to save for retirement in order to live comfortably. However, many calculators function very generally, and don’t take specifics into account when coming up with your final number. At rebel […]
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