Retirement

The Federal Reserve has raised its benchmark interest rate for the first time since 2023. At its meeting on the 16th, the Federal Open Market Committee increased the federal funds rate by a quarter percentage point, bringing the target range to 3.75 – 4%.* The federal funds rate is the interest rate that financial institutions

Required minimum distributions (RMDs) aren’t a problem for everyone. But if yours are likely to significantly increase your 2026 tax bill, you may be wondering how to keep that from happening year after year. Fortunately, there are a few strategies that may help reduce future RMDs, though both involve trade-offs. Here’s what to know before

Reaching your 60s, 70s, and beyond brings about noticeable changes to your body and mind. Although some changes are a normal part of aging, healthy habits can help reduce their negative impact and support physical health, mental sharpness, and mobility. For example, exercise becomes increasingly important with age, not only for physical fitness, but for

Retirement is changing in a significant way: People are living longer. Thanks largely to advances in medicine and improved living standards, life expectancy has risen dramatically over the past century. In the United States alone, it has increased by roughly seven years over the last five decades,* with recent estimates around age 79. And thanks

For years, $1 million has been viewed as a benchmark for a comfortable retirement. But the truth is, there is no universal savings target. Whether $1 million is enough depends on many factors, such as your lifestyle, retirement age, housing costs, health, and expected expenses. Creating a budget may help you understand how much you

While estate planning typically focuses on the how–including tax strategies often involving trusts and wills–to whom can be just as complicated. We strive to help make it easier by laying out options you may have to convert some of your current assets into other financial products that will not only provide your legacy with the

Bank scams are on the rise. There are five common tricks of fraudsters. Did you get a call, email or message saying there is an issue with your account and you need to move money to resolve it? Are you being pressured to act fast or keep it secret? Did someone ask you to deposit

Sometimes as we are in the midst of our retirement years, we need to have a serious heart-to-heart with our adult children. That conversation can often begin by explaining that not every decision you make will look the way they would personally choose to handle things, but that does not mean it is uninformed or

The last thing you need to worry about when you retire is losing your sense of purpose. Staying mentally and socially engaged matters more than most people expect. Health tends to outweigh wealth, so maintaining routines that support physical and cognitive well-being becomes critical. Many retirees underestimate how important structure is even when they no

If you are mulling over in your mind your list of tangible assets, savings accounts, and creating your will, you may be trying to determine that trifecta question of how to be able to keep what you have in your name, have access to income, but still leave something as a legacy to your heirs.