As a strategic partner who helps clients navigate and grow in changing circumstances, Tina is responsible for the direct management of the Citizens Wealth Management financial planning and estate planning team, including a team of CERTIFIED FINANCIAL PLANNERS™, estate and tax planners, and trust officers. Most people look forward to their retirement, dreaming of a … Read more
Retirement planning can feel like trying to hit a moving target. Just when you think youve figured out the magic number for a comfortable monthly retirement income, issues like rising costs, market shifts or lifestyle changes shift the goalposts. Adding to the uncertainty right now, though, is the fact that the economic environment is in … Read more
Though pensions come in two types—defined-contribution and defined-benefit—the most common type of traditional pension is the defined-benefit plan. During an employees working years, the employer contributes to the plan. (With a defined-contribution plan, the employee does, too. ) After the employee retires, they receive monthly benefits for the rest of their life from the plan. … Read more
The Short Answer: Yes, You Need Separate IRAs If you’re wondering whether you and your spouse should have separate IRAs the answer is pretty straightforward You don’t have a choice. IRAs can only be held individually – there’s no such thing as a joint IRA. But this limitation might actually be a good thing for … Read more
As a strategic partner who helps clients navigate and grow in changing circumstances, Tina is responsible for the direct management of the Citizens Wealth Management financial planning and estate planning team, including a team of CERTIFIED FINANCIAL PLANNERS™, estate and tax planners, and trust officers. Most people look forward to their retirement, dreaming of a … Read more
Some people daydream about retirement when they’re having a really stressful day at work. You’re not the only one! When to retire isn’t just about having enough money; it’s also about getting the most out of your health and longevity. After all, what’s the point of retiring if you can’t enjoy it? As a blogger … Read more
It’s the retirement savings conundrum: choosing which account type youll use to save for your future. If you’re weighing whether to pick an IRA vs. a 401(k), you have 2 strong choices. (But spoiler alert: The answer may be both!). Here’s what you need to know about the similarities and differences between 401(k)s and IRAs—plus … Read more
Retirement can evoke s of a relaxing, debt-free life with no monthly mortgage payment, assuming you have already paid it off. However, some financial planners suggest retirees continue to carry a mortgage into and throughout retirement. Reinvesting the proceeds from your home equity to generate a stream of income might make your golden years more … Read more
If you quit your job and you have accumulated a substantial 401(k) balance, you may be worried about losing your 401(k) money. Find out when your employer can take your 401(k). 3 min read. Many people wonder what will happen to their 401(k) money if they quit their job and have a lot of money … Read more
Are you considering moving your Local Government Pension Scheme (LGPS) benefits to a private pension plan? This decision isn’t straightforward and deserves careful consideration. I’ve compiled everything you need to know about transferring your LGPS pension to help you make an informed choice. Understanding Your LGPS Transfer Options The LGPS is a defined benefit pension … Read more