Retirement Planning

For many individuals nearing their golden years, managing retirement investments can feel overwhelming. While pre-packaged target-date funds offer a convenient solution, they may not be the best option for those seeking greater control over their financial future. A friend who is an experienced wealth adviser suggested an alternative—creating a personalized target-date fund instead of relying […]

Over 75% of Social Security recipients are aged 65 or older, underscoring its importance as a primary source of income for many at this stage of life. As of early 2024, the average monthly payment for retirees is approximately $1,907. However, upcoming adjustments will bring several modifications to the program next year. Renowned financial expert […]

As retirement approaches for many older Americans, planning your finances isn’t just practical—it’s vital for your quality of life in later years. Many retirees have regrets that teach important lessons about Social Security, money management, and getting ready for life after work. By sharing their stories, retirees provide helpful advice on what they wish they […]

As 2025 begins, Social Security remains vital for the financial security of many seniors in the U.S. This year brings changes like cost-of-living adjustments (COLA), updated benefit calculations, and new policies through the Senior Fairness Act. It’s important to understand these changes if you rely on Social Security. This guide covers the main updates, who […]

As we head into 2025, retirees and those nearing retirement are looking closely at their 401(k) savings to determine just how far their funds will stretch. With new IRS contribution limits and catch-up options, understanding how much one can contribute—and how long those contributions can last—is key for financial security in retirement. The IRS has […]

A recent survey conducted by DPL Financial Partners has highlighted a significant shift among financial professionals regarding the Department of Labor’s fiduciary rule, demonstrating an unexpected level of support for stricter regulations governing retirement planning services. This research, which surveyed over 230 financial advisors, revealed that a substantial majority advocate for a fiduciary standard, particularly […]

A recent $10 million proposed settlement reached between Citgo Petroleum Corporation and a group of its retired employees has highlighted the ongoing legal and financial stakes in retirement plan management. The lawsuit, brought by retirees receiving benefits under Citgo’s defined benefit pension plan, alleges that the company relied on outdated mortality tables and interest rate […]

Retirement planning can be complicated. It involves balancing income, taxes, and financial security. Roth IRA conversions have become a popular strategy for retirees and those nearing retirement. By converting pre-tax savings into a Roth IRA, you can enjoy long-term tax benefits, estate planning perks, and more financial freedom. As 2024 ends, this strategy is worth […]