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- Addressing Financial Planning Issues - Back to Basics
- 11 Financial Resolutions for 2011
- Midyear Review
- 5 Risks To Your Retirement Savings
- Retiring From Chevron - The Risk You Didn't Realize
- A Retirement Savings Tool You Might Be Missing
- Planning for a Long Retirement
- Roth IRA Conversions - a Golden Opportunity
- Demystifying IRA Distributions
- Simplifying Your Retirement From Chevron
- Plan Today for Retirement Tomorrow
- Managing Your Cash Flow in Retirement
- Budgeting to Retire
- Investment Risk - There's No Escaping It!
- Lessons Learned from the Market
- The Folly of Market Timing
- Dollar Cost Averaging
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- Five Ways to Cover College Tuition
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- Checking Up On Your Estate Plan
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- Determining the Need for Disability Income Insurance
- The Hidden Cost of Health Insurance
- The American Taxpayer Relief Act of 2012
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- Think Twice About Your ESIP
- Talking Taxes
- Year End Tax List
- How Inflation Affects You
- Now That The Election's All Over
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Life Goals: Financial Essentials For Your 50s
Here are several financial steps you may want to consider taking right now:
1. Evaluate and update retirement plans.
Decide where and how you want to live after your retirement and explore your financial needs to meet these goals.
2. Diversify your investments.
Evaluate your retirement savings and expand your investment options, if needed, to balance future growth with current income.
3. Think about long term health care.
Plan your savings and insurance to help protect yourself or your spouse should either of you require health care for an extended period.
4. Review business agreements and transfer plans.
If you have a business, you need to plan for a fair and predictable transfer of your business should you die or wish to move on.
5. Re-evaluate insurance needs.
Review coverage for disability and life coverage in light of possible retirement plans and grown children; consider umbrella liability coverage.
6. Review estate plan.
Work with an advisor to develop or review a plan for your property and assets, including your Will, trusts, liquidity of assets and gifting.
7. Review and revise Will and Living Will.
Changes in your family or other circumstances make it important to regularly review your plans for your property and your medical care.
8. Analyze employer benefits.
Make sure that you're using your benefits to your advantage, including retirement plans, insurance, health coverage and even group discounts.
9. Consider annuities.
Annuities are insurance products that can guarantee* you a fixed income after you retire. They can be a supplement to other savings plans.
*Guarantees are backed by the claims paying ability of the insurance company.