In 2019, the average monthly social security benefit for retired workers was $1,471. However, your initial monthly benefit could be much greater or much less than that amount, depending on your age and income.
New SECURE Act legislation has passed. How could it could make a major impact on your retirement?
Need a Financial Advisor? Lansdowne Wealth Management is a fee-only, fiduciary financial planning firm based in Mystic, Connecticut that provides financial planning and investment management services, both on a fee-only basis.
Does your current Medicare plan cover what you need it to or are there more affordable plans available? Open Enrollment is the time to explore your options!
The buy-and-hold investment strategy for company sponsored retirement plans, such as a 401K plan, has become a relic of the past. Let me re-phrase that: Buy-and-forget investing is a relic of the past.
Check out some of the articles that Robert Henderson and Lansdowne Wealth Management have published or been quoted in over the years.
The Social Security Leveling Option is a pension plan payout option offered by pension plans to level out the income of someone who retires early. The leveling applies to the amount of pension payments and not to the amount of Social Security you will receive.
As you start reaching your career finish line, your employer’s offer of an early retirement package might seem too good to pass up. Before accepting, it’s important weigh the pros and cons that will impact your short- and long-term financial situation.
It might be difficult to think about what could happen to your financial assets after you pass away. However, it is essential to plan for even the unexpected by creating a will. This will help ensure that your beneficiaries are taken care of in accordance with your wishes.
Putting together a comprehensive estate plan is a complex task. There are many factors to think about, including your assets, liabilities, personal financial goals, and family structure. Take time to sort through each of these items with your financial advisor so that you maintain control of the plan.