Category: Wealth Management

Retirement Community, Assisted Living or Nursing Home: What’s the Difference?

Senior woman sitting at a table looking at a laptop researching assisted living and nursing homes

As you plan for the next stage of your retirement, you might be wondering if it’s best to stay in your home or move elsewhere. But what’s the difference between a retirement community, assisted living facility, and a nursing home?  Whether you’re eager to participate in a vibrant community of fellow retirees or want to… Read more »

Health Savings Accounts: How to Choose the Right One for You

Glass jar labeled health filled with coins representing HSA

Health Savings Accounts have a wealth of benefits. They can help you save on taxes, bolster your retirement fund and earn tax-free interest on your savings. Thanks to this trifecta of benefits, Forbes contributor John Goodman claims that no other savings vehicle can top an HSA.  However, different HSAs are tailored to different needs. To… Read more »

How To Travel During Retirement

Retired couple posing in front of a cruise ship while traveling

When you retire, you have more time on your hands to see the world. However, with a fixed budget, planning your expenses out ahead of time is of utmost importance. Traveling during retirement is something that you can achieve with responsible budgeting and a sound strategy. Know Your Fixed Budget and Current Expenditures A good… Read more »

Should I Save or Invest My Money?

Woman looks at laptop researching investment account opportunities

When you have enough money to cover your everyday expenses, you should consider saving money for the future. You can choose to put this money in a secure savings account with your financial institution or invest it in the market. There are risks and benefits of each that you should consider before making your final… Read more »

Should I Invest in Stock or Mutual Funds?

Desktop with stock chart, highlighter and calculator

Whether you’re saving for a big investment or hoping to retire soon, the stock market is a good place to make your money work for you. Two of the most common forms of investment are mutual funds and individual stocks. Both of them can provide big returns, but you need to understand each option before… Read more »

Don’t Leave Your Retirement Savings Behind

Mason jar labeled retirement filled with coins next to alarm clock

The process of leaving a job can be a stressful one. If you are on your way to a new job, you will certainly have a lot on your mind. Unfortunately, one major need that you may overlook is what to do with your retirement savings.   According to Spencer Williams of MarketWatch, approximately 33… Read more »

What Should I Do First: Pay Off Debt or Save for Retirement?

Senior man uses calculator to pay his bills

Should you put retirement savings first, or is it better to be debt-free? Or is a combined effort your best plan of action on your quest for financial health and security? The answer, of course, depends on your unique circumstances and financial goals. Pros of Paying Down Debt Some debt is better than others. A… Read more »