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Retire Early? What You Need to Do Today

According to Gallup, the average retirement age in America is 66. For most, it takes decades of planning and saving money across multiple accounts to feel confident and financially comfortable to take the first step into one’s golden years. But what about those individuals and couples who want to retire early? For those who want to “fast-track” their retirement and take the plunge in their 50s, there are critical planning steps to consider early in your career.

Of course, retirement before the average age of 66 will look different for everyone, and will be impacted by a myriad of…


Parents – Why You NEED an Estate Plan

Many younger individuals do not feel that estate planning is necessary until they have “significant” assets. This is a dangerous approach especially if minor children are part of the equation. Any experienced estate planning attorney would agree that a core function of estate planning, in general, is the ability for parents to set up the “framework” for their minor children. The most important aspect of this framework is the ability to appoint a guardian for minor children if both parents are deceased. This is not asset-dependent planning and should be addressed as soon as possible, especially in situations where…


Financial Planning for New Parents

Since becoming a mom last year, my financial goals and long-term plans certainly have shifted. New parents should continue focusing on their own financial security and retirement goals, a baby means a whole new set of monetary considerations. Here are some tips that can help get your family on solid footing for the future.

Tips leading up to baby

Diaper duty. In the six months leading up to our son’s birth, my husband and I strategically purchased diapers. Knowing diapers are one of the more expensive, and frequent purchases for baby, we spaced out buying diapers over a few months creating…


Beyond a Budget – Financial Tips

Planning your financial future may seem like a daunting task. You need to understand the full view of what you have, what you’ll need and what it all means for your retirement. The basics – budgeting, saving and getting rid of debt are great places to start, but there are many things to consider beyond these basics. Especially for individuals and couples who have accumulated assets, there are a few critical points to consider when striving for a more secure financial future.

Create tax efficiency: Accumulating assets for retirement via investment accounts is a great start, but it’s critical to…


Stressing About Retirement? Tips to Help

Your golden years should be stress-free and exciting. However, as financial advisors, we know how stressful it can be to decide when to retire and how to make sure your finances are ready. To help avoid retirement stressors, start planning now. As retirement approaches, create transition plan three to five years in advance of the actual date you will stop working.

Seeking the counsel of a professional wealth advisor can help plan in the most efficient way possible. There are multiple factors that go into proper retirement planning, such as:

  • increasing savings or reducing debt
  • planning…

Is a Mid-Life Career Change a Retirement Killer?

When it comes to making a change, it is important to consider the risks and rewards that accompany that switch. So, when considering a mid-life career change, what’s at stake? Could it kill your retirement?

Nobody wants to be stuck in a career that doesn’t fulfil them or makes them unhappy. However, if you are close to retirement, the decision to make a switch so late in the game could be intimidating. There are two common trains of thought: stick it out, stay on track and remain miserable, or make a change and risk delaying the start of your golden…


Don’t Fall for These Common 401(k) Myths

You build a career and diligently save money in your 401(k) so you can live comfortably in retirement, but do you truly understand what’s going on in your retirement investment account? A 2018 survey from the Employee Benefit Research Institute found that three in 10 workers don’t know what to do with their retirement savings. Below, are a few common misconceptions to avoid to help get you on the right track when it comes to your retirement efforts.

“I can just sign up and forget about it.” Enrolling in your company’s 401(k) plan and setting up automatic contributions is a good…


Four Small Changes That Can Have a Big Impact on Retirement Planning

As I scrolled through some of the leading financial publications recently, I noticed that many reporters are covering the news of retirement “unpreparedness” – sharing surveys, anecdotes and detailing the “dire” situation that Americans are facing.

However, when it comes to proper financial planning, it’s not these kind of scare tactics that will get individuals and couples on track. Rather, simple and actionable goals need to be implemented to increase the probability of success for financial plans, and in turn, retirement goals. Below, I outline small changes to weave into your lifestyle, and easy strategies to consider.

  1. Realign wants vs….

Ladies, Are You Properly Preparing for Retirement?

There are many unknown variables when planning for retirement, and even high-net-worth couples often feel overwhelmed when discussing their financial future. However, women face particular challenges – on average they live five years longer than men, requiring more assets to sustain those extra years of expenses. Women also face other challenges – many are still paid less over the course of their careers than their male counterparts and women are out of the work force for an average of 12 years to care for children and aging parents.

With all these factors, it is even more critical for women…


What to Consider when Relocating in Retirement

Did you know Lancaster, Pa. was recently named the 2nd best place to retire by U.S. News & World Report? The small, rural city, located in Univest’s backyard, is not a place that most typically think about when discussing retirement. While it’s certainly not a sunny beach town, it does check many important boxes pre-retirees should consider when deciding where to spend their retirement.

When discussing retirement and a potential relocation, it’s easy to get caught up in the fun things like what town has the best restaurants or where to catch the best shows and activities….

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