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Should You Downsize in Retirement?

One method for freeing home equity for other uses is to downsize your home as a part of moving. Downsizing could mean either moving to a smaller home, or moving into a similar-sized home in a less expensive community.

The Continuum of Long-Term Care

Many receive long-term care at their homes or at community centers or adult day care centers. Institutionalized living is not always required, and proper long-term care planning may allow one to remain at home longer than otherwise possible.

Costs and Incidence of Long-Term Care

How likely is a person to experience a need for different types of long-term care? This is a challenging question and it is hard to find good answers.

Potential Directions for Social Security

A common argument for claiming Social Security early is that the program is about to be dramatically overhauled, but it seems rather unlikely that any impending reforms would leave near retirees with significant reductions to benefits.

Tax Considerations When Delaying Social Security

Delaying Social Security can potentially contribute to an overall tax strategy for retirement. Every case is different, but generally speaking, when you add taxes to the mix, the case for delaying Social Security becomes even stronger than usual.

How Time Horizon and Discount Rate Affect Social Security

One way to view the decision to delay Social Security as an “investment” is by using a present value calculation to identify which strategy can provide the most lifetime Social Security benefits and which strategy creates the lowest funding needs for your investment portfolio. This calculation requires deciding on a time horizon and a discount rate.

Are You Ready for a Challenge?

Register to attend our FREE 4-Day Retirement Income Challenge event on March 4th – 7th from 12:00 – 2:00 PM ET each day.

Click below to learn more and reserve your spot!