How A Hybrid Retirement Plan Work For You

Paul FennerRetirement Planning

One of the most overlooked but critical aspects of savings or achieving any financial related goal is determining why you want to save.  That may sound simple, but let me give you an example. Client: I want to retire at 55. Me: Why? Client: I hate my job. Me: What will you do in retirement, especially one that could last … Read More

One of the Best Retirement Savings Vehicles You May Not Know About

Paul FennerRetirement Planning

One of the best retirement savings vehicles that many people may not realize is a Healthcare Savings Account (HSA).  An HSA is a tax-advantaged account created for individuals who are covered under high-deductible health plans (HDHPs) to save for medical expenses that HDHPs do not cover. Rather than using these accounts for current medical costs, you should consider utilizing the … Read More

Three Factors That Affect Your Social Security Decision

Paul FennerRetirement Planning

I am often asked the critical question of should I take my social security benefits early or wait until full retirement age or beyond?  Issuing a blanket response or answer to that question can lead people down the wrong path, especially on this subject.  While I believe many people would benefit the most by waiting until they reach their full … Read More

4 Retirement Account Options After a Job Change

Paul FennerRetirement Planning

According to The Balance Careers, the average person today changes jobs 10 to 15 times during his or her career. One critical factor that people should decide on in conjunction with a job change is what to do with their employer-sponsored retirement plan. Most often these are 401(k) or 403(b) accounts. There are four potential options to consider on how to handle the care and treatment … Read More

4 Steps to Set Up the Retirement that You Envision

Paul FennerRetirement Planning

Can you envision what your retirement years may look like?  Do you see yourself traveling the world, living in your ideal location, spending time with your loved ones, or setting out on a new second career?  Before you can start putting together a retirement plan, you need to know what you want your retirement to be. Determine Your Vision To … Read More

Four Retirement Goals Everyone Should Consider

Paul FennerRetirement Planning

Recently I was doing some research on the retirement income challenge and while many of us diligently save each month in an employer-sponsored retirement plan such as a 401(k) or 403(b) or an IRA option such as a Traditional or Roth, do we really understand what we are saving for? While each individual will have their own unique answer to … Read More

8 Retirement Mistakes to Avoid

Paul FennerRetirement Planning

Welcome to the first post of 2016.  The web is likely cluttered with articles and posts about the critical retirement mistakes to avoid.  But in working with people first hand I often come up with ideas that I believe are worth sharing no matter how often they may or may not be published. Anyone of the topics below only begins … Read More

Retirement Living: College towns lure Boomers

Paul FennerRetirement Planning

I had read this USA Today article several years ago that I never posted regarding where people are choosing to retire.  Interestingly enough, people are looking beyond the typical places of Arizona and Florida. College towns seem to be an alternative destination that people are really considering when it comes to retirement time.  I have often told my wife that … Read More