Estimating your retirement needs with an online calculator can offer an anonymous, low-commitment method to help obtain the basic estimates you need to get started and know how much money you need to retire comfortably. But not all retirement calculators are created equal. According to the Employee Benefit Research Institute’s most recent retirement confidence survey, […]
Pros and Cons of Financial Calculators. Read More »
Social Security benefits are the main source of income for many retirees. Deciding when to take these benefits however could severely impact your retirement. When combined with savings from a 401(k) and IRA account, Social Security benefits could help you retire how you planned. So, if you’re approaching retirement, now is a good time to
6 Social Security Maximization Strategies Read More »
Let’s talk taxes. Especially in today’s economy, when you start putting money away for retirement, you might be thinking of the tax benefits or consequences you’ll incur. More than a third of current retirees (35%) did not consider how taxes would affect their retirement income when planning for retirement, according to the Nationwide Retirement Institute’s
Get the Inside Scoop on Retirement Taxes in Iowa Read More »
This year, estate and legacy planning will be more important than ever because of changes to inheritance rules and tax laws that went into effect last year and other changes that could be coming. The good news is that many people are not likely to see their income taxes raised for the foreseeable future. It’s
5 Reasons You Should Manage Your Estate Before Retirement Read More »
Making mistakes with money is an inevitable life-learning experience. Knowing how to avoid them can give you a head start in reaching your retirement goals. Retirement planning can be complex. From saving too little to claiming Social Security too early, there are plenty of ways you can sabotage your golden years. It’s never too late
Avoid These 6 Money Mistakes if You’re Retiring in Iowa. Read More »
Navigating your health insurance options is one of the most daunting aspects of retirement. But ignoring this costly issue could prove extremely damaging to your finances and quality of life. Paying for health insurance has become a huge financial drag for American employers, so very few companies still offer retiree benefits. Relying on Medicare? Medicare
Healthcare Insurance for Retirees in Iowa. Read More »
Building financial stability is all about finding that balance between planning for the future and living a comfortable lifestyle today. For many, financial stability can feel like an unattainable dream. However, it’s possible for anyone to become financially stable with the right plan in place. Knowing that your money is safe and that you are
Lifestyle Management for Financial Stability Read More »
Business shutdowns triggered by COVID-19 pushed millions out of work and thrust the stock market into a sharp downturn in the spring of 2020. Fast forward to March 2021, Iowans are rethinking their near-term and long-term financial plans, including pushing back their retirement date. Retirement is something most people look forward to regardless of how
Should I Delay My Retirement? Read More »
The majority of the research conducted over the last few years shows that most individuals in Iowa do not demonstrate financial readiness for their retirement years. Financial stability in retirement takes planning, commitment and saving. That’s why Johnson Wealth and Income Management is bringing you 6 strategies to help you have a more stable retirement
6 Strategies for a Secure Retirement. Read More »
Creating a retirement plan may seem overwhelming if you have never done it. But it doesn’t have to be that way. What is the average retirement savings needed for residents of Iowa? Are you on track? According to a recent Employee Benefit Research Institute (EBRI) Retirement Confidence Survey, many people don’t think that they are
Retirement Planning in Iowa Read More »
All written content on this site is for informational purposes only. Opinions expressed herein are solely those of Retirement Income Source and our editorial staff. Material presented is believed to be from reliable sources; however, we make no representations as to its accuracy or completeness. Investing involves risk. There is always the potential of losing money when you invest in securities. Asset allocation, diversification and rebalancing do not ensure a profit or help protect against loss in declining markets. All information and ideas should be discussed in detail with your individual advisor prior to implementation. Investment Advisory Services offered by Sound Income Strategies, an SEC Registered Investment Advisory Firm. Johnson Wealth and Income Management and Sound Income Strategies, LLC are not associated entities. Johnson Wealth and Income Management is a franchisee of Retirement Income Source. Retirement Income Source and Sound Income Strategies, LLC are associated entities.
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