As a future or current retiree, it is important for you to take into consideration the big picture of your retirement planning. Once you have the full picture, it helps you make more detailed and necessary decisions to achieve the retirement for which you have worked your whole life. One of the first steps to take when planning your retirement is to find a financial professional who puts your needs and interests first. At American Financial Security, we take your whole financial and tax … [Read more...] about Retirement Planning: The Big Picture
Retirement
Discussing the Number One Concern About Retirement
Baby Boomers are retiring at astonishing rates and are looking for ways to replace their steady paycheck. They are worried about the potential of Social Security diminishing and what might happen to their retirement if it does. At American Financial Security, we believe that the number one concern for most pre-retirees and retirees is outliving their money. It is important to safeguard your retirement so you do not have to worry about outliving your retirement income. At American Financial … [Read more...] about Discussing the Number One Concern About Retirement
Prescott Valley’s Longest Serving Mayor Looking Toward Retirement
When 13-year-old Ashlyn asked her grandfather what a mayor does, Harvey Skoog gave his answer serious thought. At the time, Skoog was midway through his third term as mayor of the Town of Prescott Valley. “Even though I had been mayor for several years, I decided I needed to be able to explain clearly to an inexperienced teenager what a mayor does. In doing that, it made me clarify for myself what the role involved,” Skoog explained. Skoog, now 79-years-old, said, “The primary concern is … [Read more...] about Prescott Valley’s Longest Serving Mayor Looking Toward Retirement
Retirement Planning: The Big Picture
Future retirees and retirees should take into consideration the big picture of their retirement planning, which includes conducting financial planning and tax reviews. Once you have the full picture, it helps you make more detailed and necessary decisions to achieve the retirement for which you have worked so hard. Planning for retirement is a multi-step process that can bring along many questions. For example, one must consider inflation, health care costs and debt. At American Financial … [Read more...] about Retirement Planning: The Big Picture
Women, Retirement: Understanding Gender Differences
If you are a woman who is planning your retirement, you may have noticed that you face some specific challenges that your male counterparts don’t necessarily experience. Women have to account for things like a longer life expectancy, the gender pay gap, shorter time in the workforce and higher health care expenses. While this isn’t all bad news, it does mean that you have to be much more prepared and have a strategy in place to help overcome these obstacles. According to the Employee … [Read more...] about Women, Retirement: Understanding Gender Differences
Will You Have Enough Income in Retirement?
The number one concern for most retirees is the possibility of outliving their income in retirement. For example, Baby Boomers are retiring at astonishing rates and are looking for ways to replace their steady paycheck. They are worried about the potential of Social Security diminishing and what might happen to their retirement if it does. Baby Boomers are also concerned about the volatility in the market and the possibility of losing money in what may seem like the only place to earn money with … [Read more...] about Will You Have Enough Income in Retirement?
Mauer Announces Retirement
Popular and respected, Prescott Chamber of Commerce Chief Executive Officer David C. Maurer has announced he will retire after 12 years of service, effective Dec. 31. In conjunction with his board of directors, Maurer has managed an approximate $500,000 annual budget for the past several years. He says he is proud to be affiliated with the C of C and all it has accomplished during the past dozen yeas, despite some occasional fiscal twists and turns that kept the local business economy from … [Read more...] about Mauer Announces Retirement
Planning for a Retirement That is Better Than a Vacation
Some people spend more time planning their vacation than they spend planning for retirement. When it comes to retirement, many Americans don’t know where to begin. It is important to have a retirement plan addressing ways to have income for life. Finding the most efficient and beneficial way to address this may impact your lifestyle, your asset accumulation and your legacy planning after you retire. Satisfying that need for daily income entails first knowing how much you need and when you … [Read more...] about Planning for a Retirement That is Better Than a Vacation
Tax Planning in Retirement: It’s Never Too Early to Prepare
Even though retirees are not working full-time, their tax situation can still be complicated because they may receive investment income, interest or dividend income and or capital gains distributions in a year. Whether they take those monies out or reinvest them, they may not be in as low of a tax bracket as they had hoped. We often receive questions such as, “How can I save on my taxes?” When it comes to saving taxes, most Americans have options. The two most popular options when it comes to … [Read more...] about Tax Planning in Retirement: It’s Never Too Early to Prepare
Safeguarding Your Retirement
Baby Boomers are retiring at astonishing rates and looking for ways to replace their steady paycheck. They are worried about the potential of Social Security diminishing and what might happen to their retirement if it does. At American Financial Security, we believe that the number one concern for most pre-retirees and retirees is outliving their money. It is important to safeguard your retirement so you do not have to worry about outliving your retirement income. At American Financial … [Read more...] about Safeguarding Your Retirement