Keen On Retirement™

On today’s show, we talk about how to introduce your young children to saving and investing, some important planning tips for young adults just entering the workforce, and how to involve your grown children in your estate planning.

“Living in the past” is usually considered a bad thing, especially for new retirees who are struggling to transition out of their working lives. At Keen Wealth, we’re consistent with our message that seniors should prepare for retirement and look forward to an exciting new chapter, focusing on all the opportunities that retirement can provide.

With all the modern comforts and services available to us, it’s really not surprising that many folks are deciding to “retire in place” and spend their golden years enjoying the familiar comforts of home. Plus today’s seniors are, by and large, healthier, more active, more connected, and more self-sufficient than previous generations. That means they’re also better-equipped to care for themselves longer before turning to alternative living arrangements, such as moving in with adult children or assisted living.

Nothing quite that widespread or dramatic has rocked the internet so far this year, but that doesn’t mean we can all start relaxing about cybersecurity. In fact, some of the scams that are making the rounds right now mix online and offline tricks to try to capture your most important information. I received one in my own home mailbox recently!

I’ve often seen parents, who have the best intentions, provide ongoing financial support to their adult children that comes at the expense of the parents’ retirement savings. There’s a delicate balance here between our desire as parents to help our children and our need to protect our retirement nest eggs.

Deciding when to start taking Social Security payments is one of the most important decisions you and your fiduciary advisor will make about your retirement plan. It’s also one of the trickiest to get right.