59 ½. Why is this age so important?
If you’re 59½ and believe you’re not financially equipped for retirement, there’s still hope. The IRS grants those at that age special allowances to help bolster their retirement savings. Learn more about how to build your retirement savings before it’s too late. http://bit.ly/59andahalf.
Budgeting & Beyond
Ready to get serious about budgeting?
Read this article first where we share 4 pro tips that we’ve learned over the years. http://bit.ly/budgetingandbeyond
Apps and Life Hacks
While tax season has nearly come and gone, it’s always nice to have a few ideas to help you close out the current tax season and plan for next year. We’ve curated a few of our favorite apps and life hacks that can help you get and stay organized. And, if you enjoy this piece (or if you’re not a technology buff), we hope you’ll share it with someone who is. http://bit.ly/appsandhacks
6 Steps for Early Retirement
We’ve gotten a lot of questions recently on what it takes to retire early. While leaving the workforce may sound appealing, the people we work with want to make sure they have enough money saved and their portfolio is positioned for the road ahead. Here are the 6 steps every investor should take before considering early retirement https://bit.ly/2SIqwgT.
Key Takeaways of the SEP IRA
April 15th will be here in a blink of an eye. Are you self-employed or a small business owner? Check out our new SEP IRA infographic for a quick overview of the benefits, limits, and deadlines. http://bit.ly/Sep_IRA
Empower Your Future
Today, fewer than 1 in 4 employees have a pension – and that number is falling. Social security is changing too, as the retirement age to receive full benefits rises. Younger generations can no longer rely only on the system for retirement savings. It’s up to you to provide for yourself, and to prepare to do so sooner rather than later. Grab a copy of our latest article to learn how to build a thoughtful savings and investing plan for today and for the future. http://bit.ly/empower_you_future
Investment Gaps & Overlaps
By the age of 50, the average person will have 11.9 jobs. Along the way, you may collect smaller retirement plan accounts at your previous employers. However, as a group, these accounts may amount to one of your largest assets. Are you allowing these assets to go unmanaged? Consolidating them under the watchful eye of a trusted financial guide just may be the answer. http://bit.ly/2LmJ1Fa
Rise of the robots? Not so fast.
Are we experiencing a rise of the machines or an opportunity for a relationship renaissance? When it comes to robo-advisors, CTS believes in forward-thinking technology but not at the expense of hands-on research and face-to-face interaction. DOWNLOAD our latest article for our take on the robo-advisor movement, and why we believe you deserve more than just automation.
6 Important Financial Strategies for Your 20’s and 30’s
At CTS, we realize that retirement for the Baby Boomer generation likely looks very different than it will for Gen X and Gen Y. In lieu of pension plans and other traditional benefits that Boomers may have access to, Gen X and Gen Y will likely have to rely on personal savings and investments. As a result, financial planning will take on increased importance. In addition, medical advances mean that average life spans are increasing, so you a longer retirement could become the norm.
Download a copy of our new report now, 6 Important Financial Strategies for Your 20s and 30s.
The Top Social Security Facts Retirees Must Know
Social Security can offer an important source of guaranteed income, and you want to feel confident when choosing the right claiming strategy under the new Social Security regulations.
According to Social Security Administration (SSA) statistics, Social Security benefits account for about 34 percent of retirement income for the average American. One of the biggest mistakes today’s retirees can make is to underestimate the importance of Social Security in their retirement strategies. In an era of vanishing pensions, Social Security offers government-guaranteed income that isn’t vulnerable to market risk, can’t be outlived, and can provide for your loved ones after your death.
At CTS Financial, we have compiled a tip sheet, The Top Social Security Facts Retirees Should Know, to help you begin to create a personalized plan that will best leverage Social Security in light of your overall financial goals.
