Millstone Financial Group Blog | Retirement & Wealth Advisor News
Our Blog2021-05-11T14:35:37+00:00
2106, 2021

4 Major Retirement Challenges to Overcome

June 21st, 2021|Retirement Planning|

Today’s retirees may be the richest the world has ever seen with Baby Boomers holding more than half of U.S. household wealth as of the end of 2020.[1] While you may be looking forward to traveling, working on your golf game, or retiring early to enjoy more free time, you first have to overcome some major retirement challenges. Here are some questions to ask yourself when creating a plan to overcome them.Facing Market Volatility If you don’t want to put off retirement or downgrade your retirement lifestyle, you may want to reassess your risk tolerance. Risk tolerance can change with age. If you haven’t changed your investment approach in a decade, it can help [...]

1806, 2021

Do We Live In An Ageist Society?

June 18th, 2021|Psychology|

America has an aging population, and many of our most successful individuals are middle-aged or older. Yet, there seems to be evidence of widespread ageism. Sometimes it can be seen in a seemingly benign birthday card depicting age as something to laugh at or feel bad about, but other times it takes the form of workplace discrimination. Even if we do live in an ageist society, it's good to have a positive view of aging.One area where ageism is apparent is in the workforce. According to the Department of Labor, older adults are less likely to be hired in an economic downturn. You may know of someone in their 50s or 60s who was [...]

1406, 2021

4 Reasons to Have a 401(k) Strategy

June 14th, 2021|Retirement Income|

If you’ve saved a substantial amount in a tax-deferred retirement account, it will no doubt be instrumental in retirement. The next step is to strategize how you’ll use those savings. There are several important things to know about your 401(k), such as how much you can contribute, options for your 401(k) when you leave your job, and how RMDs work. Here are four reasons to have a 401(k) strategy.You Have Options for Old 401(k)sWhen you leave a job, you can either cash out of your 401(k), roll it over into a 401(k) at your new job, leave your money in the old 401(k) with your former employer, or roll it over into an IRA.[1] [...]

1106, 2021

4 Ways to Use Your Phone While Traveling

June 11th, 2021|Lifestyle, Retirement|

Do you plan on taking a vacation this summer? After forgoing travel for over a year, many people are planning trips this summer. If you do, there are many ways you can optimize your experience by using your phone. Your phone can be pretty much whatever you want it to be on vacation – a notepad, a map, even a flashlight. Here are four ways to use your phone on vacation. Make Lists Before you start your journey, you’ll have to pack. Maybe you already have a list you consult, or you make a mental list before every trip. You can also write a packing list on your phone that you can update whenever [...]

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