Category Archives: Retirement Planning


Age 50: You are allowed to save extra money in many retirement plans (i.e. IRA, 401(k)) when you turn 50. The term used is catch-up provision. Age 55:  Health Savings Accounts catch-up provision starts. Under certain circumstances, penalty-free distributions may … Continue reading

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Financial Planning For Later Years

Our money needs to stretch further as we live longer. Creating a plan for later years can offer comfort as we go forward or raise a flag early enough to make adjustments. To determine how long your money might need … Continue reading

Posted in Emerging Affluent, General, Investments, Life Planning, Middle Class, Retirement Planning, Singles | Comments Off

Potential Consequences of Supporting Adult Kids

“Children are still our largest expense well after they leave home,” said Mr. Bosworth, a senior economics fellow at The Brookings Institution.  Expenditures ranged from small items to helping his sons to buy homes and cars – even after receiving … Continue reading

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