Delaying Retirement May Provide a Financial Boost

Americans are living longer, healthier lives, and this trend is affecting how they think about and plan for retirement. For instance, according to the Employee Benefit Research Institute, the age at which workers expect to retire has been rising slowly over the past couple of decades. In 1991, just 11% of workers expected to retire … Continue Reading

Too Young to Think About Investing? Think Again!

“How did it get so late so soon?” — Dr. Seuss Dr. Seuss’s whimsical take on life has been delighting children of all ages for generations. His simple but powerful words continue to resonate today, even in the context of planning for a financially secure future. Because when you get right down to it, the … Continue Reading

How to Work with a Financial Advisor

A flurry of new investment products, the emergence of global investing, the shift from company-funded pension plans to employee-driven retirement plans (like 401(k) plans), and uncertainty about Social Security have all contributed to the increased need for qualified financial advice. No matter what your level of investment experience or sophistication, you may benefit from developing … Continue Reading

Money Moves to Consider Post-Retirement

Many things change when you retire. Here’s how you can determine the best way to handle your assets and investments within this new framework. When you enter retirement, you’ll immediately notice two things: You no longer draw a salary, and you have more time on your hands. Use that time to effectively manage your finances … Continue Reading

Five Strategies for Tax-Efficient Investing

As just about every investor knows, it’s not what your investments earn, but what they earn after taxes that counts. After factoring in federal income and capital gains taxes, the alternative minimum tax, and any applicable state and local taxes, your investments’ returns in any given year may be reduced by 40% or more. For … Continue Reading

Retirement: What About Your Other Financial Goals?

Let’s say that at the age of 25, you earned $35,000. If your salary increased at the average historical rate, you’d have earned nearly $2 million in total by the time you were 65.(1,2) That might sound like a lot – until you begin thinking about all the financial goals you’ll need to juggle in … Continue Reading

How — and When — Do I Sign Up for Medicare?

In most instances, you become eligible for Medicare on the first day of the month you turn age 65. Whether you need to sign up, and how to go about doing so, depends on the type of coverage you select and whether you collect Social Security benefits prior to becoming eligible for Medicare. Medicare Part … Continue Reading

The Gift of Investment Savings

The holidays are quickly approaching. Consider celebrating the season by giving a gift of investment savings to your young loved ones. Cash and investment securities are always a welcome gift, especially when the purpose is as well defined as paying for college, a wedding, or a home. Intelligent gift giving maximizes tax benefits to the … Continue Reading

The Transition into Full Retirement

Your full retirement has arrived! Let’s take a look at how to transition to living solely on your retirement income and savings. If you’re like many seniors, you may have postponed your full retirement, perhaps by working or consulting part time. Transitioning to a work-free life can be exhilarating yet worrisome, but you have options. … Continue Reading

The Cost of Relocating

It’s natural to consider relocating for retirement. But financially, moving after retirement can sometimes be a big risk. You’ve worked hard and built a retirement nest egg that could finance a move to another place. Such a move could be a financial plus, or it could potentially drain your savings and shortchange your future. Take … Continue Reading

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The views, opinions, and ideas articulated in this blog are just that, and should not be construed as financial or legal advice. The writers of these blogs are educated on the topics they are writing about, but they are in no way licensed financial advisors or registered investment advisors. Diamond Credit Union is not responsible for any actions a person may take as a result of the information they read in one of our blogs.