Latest Posts

Should You Retire at the Same Time As Your Spouse?

by Ray Sagner on Feb 18, 2021

If you and your spouse are making plans to retire, you’re probably wondering whether it’s a good idea to retire at the same time. Many couples go through the same thought process and, in fact, one in four couples quit their jobs within a year of each other. But retirement is a decision that should be carefully thought out. Here are some things to consider when deciding whether to retire at the same time as your spouse.

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The Basics of Paycheck Protection Program Loans: Round Two

by Ray Sagner on Jan 28, 2021

The year 2020 was unprecedented for so many reasons—all because of the COVID-19 pandemic. Many suffered from job losses, had to juggle childcare while working from home, and tried to keep their small businesses open with few resources. Thankfully, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) established a business loan program to help keep businesses across the country afloat during tough economic times.

Let Me Repeat Myself

by Ray Sagner on Jan 22, 2021

Every January for the last fifteen years of writing this column, the subject has been a variation of the same theme.  Clean up your stuff and get your documents in order! Last year, the title was Dostadning, which in Swedish translates to “death cleaning” and is associated with a book written in 2017 by Margareta Magnusson. The point was that somewhere around middle age, you get rid of all the stuff you have accumulated that you have no more use for and so that no one else must deal with it after you pass. At an age north of 80, Ms.

When Life Insurance Makes Financial Sense in Retirement

by Ray Sagner on Jan 7, 2021

When most people think about life insurance, it is something to be purchased when we’re young with financial responsibilities and dependents to protect. Any discussion about purchasing life insurance after we retire is often met with strong opinions as to whether or not it makes any financial sense. After all, the cost of life insurance increases significantly over the age of 65.

Is a Reverse Mortgage a Smart Path to Extra Retirement Cash Flow?

by Ray Sagner on Dec 31, 2020

If you’re over the age of 62 and in need of some extra cash flow in your retirement, you may be considering a reverse mortgage. Borrowing money from your home equity might sound like a good idea, but is it actually a wise move financially? Here are some things to consider when making the decision to take out a reverse mortgage on your home.