Moving That Old 401(K)

Key Takeaways

  • Most Americans under the age of 50 will change jobs many times during their career.
  • You want to be smart about taking your 401(k) with you from job to job.
  • Cashing out is usually the worst strategy, even if you really need the money. Unfortunately, way too many folks do this.

Who Will Change Your Lightbulbs?

Key Takeaways

  • Mobility, independence and a wide social network are keys to maintaining health and quality of life in your retirement years.
  • Enjoying life’s simple pleasures becomes increasingly important as we age.
  • Good planning, smart decision making and having enough money go a long way toward thriving in your golden years.

6 Key Stages to a Prosperous Retirement

Key Takeaways

  • Until age 50, you should be saving at least 15 percent of your income, and even more once you’re in your 50s.
  • You can start taking Social Security as early as age 62, but the longer you defer, the greater your benefits (until age 70).
  • At age 70, you’re required to start taking Social Security (and distributions from your IRA and qualified retirement plans).
  • Ages 50, 62, 65, 67 and 70 are important milestones in your financial life. Contact us today (800-480-7913 | coyle@coylefinancial.com) if you have questions or concerns.

The 5 Biggest Myths About Retirement

Key Takeaways

  • Many retirees and pre-retirees underestimate the challenges of this new chapter in their lives. The earlier you can plan ahead the better–at least two years out is ideal.
  • For most retirees, the feeling that comes from time, money and relationship stress is still there. It just manifests itself in different ways than it did during your working years.
  • Many retirees tell me, “I’m busier now than when I was working. I don’t know how I did it when I was employed.”