Unleashing the Age Conundrum: Exploring Retirement Timing and Financial Considerations
Does Age Matter? The most frequent question that gets asked is, when is the best time to retire? The current average retirement age in the United States is 62.3 years for women and 64.6 years for men. The age that you do end up retiring will affect your finances. Determining the right age for you […]
Pre-Retirement: More Questions Than Answers
Retirement is a process, not an event. There needs to be planning, preparation, adjustments and monitoring. Aside from the financial aspect, there is also a mental preparation that needs to happen, and most individuals do not plan for this part. Ultimately, the goal is to retire TO something, not FROM something. What am I going […]
Aging in Place: Independence, Comfort & Community Support
On a daily basis, I seem to be having conversations my clients, my own family members and friends about ageing. My baby boomer Mother is constantly lamenting about her various woes and fears as she edges towards her golden years. The general theme amongst many I know is avoidance, fear and talk of taking drastic […]
Laid Off: How to Respond With Confidence
My dad spent his working career as a salesman for several notable companies in the grocery industry. 25 years ago company management decided their sales force was costing them too much and over several years cut it in half. My dad survived several rounds of layoffs but eventually his boss came to him with two […]
Managing the Marathon: A Guide to the Retirement Finish Line
It comes as no surprise that managing the marathon is about playing the long game. Here’s the thing about this sport: someone is out there making a comeback, someone is in the middle of a breakthrough, someone’s battling an injury, and someone is celebrating a win. The beauty of running is we’ve all been on […]
The Financial Bucket List
Do you have a Bucket List of experiences you want to have during life? Many of us do. I am on a flight to Hawaii as I write this to fulfill one life adventure on my bucket list. What is on your bucket list? Checking items off bucket lists does not magically happen unless we […]
Donuts and Medicare: The Coverage Gap Explained
Do you like donuts? If the answer is yes, or no for that matter, here is a donut you may not like- the Medicare Donut Hole. We all know Medicare is complex and confusing. When you start thinking about medications that can make it seem worse. Between the potential deductible, the copays and coinsurances, to […]
SECURE 2.0, What’s in it for You?
On December 29 2022, President Biden signed the Consolidated Appropriations Act 2023, funding Federal Government operations through September of 2023. Of the 4000 plus pages of the bill, 130 pages dealt with the SECURE 2.0 Act of 2022. SECURE 2.0 is an enhancement of the original SECURE Act of 2019 that dramatically changed retirement and […]
Managing the Marathon: Goal Setting for the Finish Line
Goal setting is a vital component when it comes to running and finances. Defining what that goal entails gives us a starting line and the motivational drive to reach destinations big and small. I would always encourage my college teammates and the athletes I’ve coached to think long term. It’s not one week, not one […]
Does Your Retirement Plan Optimize These New Social Security Updates?
As financial advisors here at JGUA, we pay close attention to new laws, regulations and government administration announcements as they may impact our client’s financial health. This includes the annual Social Security Administration update. This year there are three updates that effect those currently receiving benefits, or plan to collect benefits this year. COLA: The […]