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Retirement Center

Welcome to the Steward Advisors Retirement Center

Thinking about retirement can be a stressful time. How will you know when you'll have enough money to retire? What are the best practices when it comes to Social Security? What can you do now to help ensure you can enjoy your retirement? We've compiled resources and information to help you navigate through the many questions you likely have. On this page you will find video/webinars, white papers, articles and more.

How Financially Prepared Are You For Retirement?

 Take This 3-Minute Survey To Find Out

Maximizing Retirement Income: Making Social Security Work For You

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11 Key Questions For Planning A Secure Retirement

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Things You Should Know About Social Security and Your Retirement

With more than 95% of American workers currently covered by Social Security, there are some things about this massive retirement program that you should probably know.  If you’re still in your forties or fifties, you can probably wait a few years to learn the intricacies of Social Security, but if you’ve recently entered your 6th decade on this planet, here are a few things you should be aware of:

  • Your social security retirement age can vary, depending on the year you were born. For instance, those born in 1954 or earlier currently have a retirement age of 66 years, according to the Social Security Administration.  But if you were born in 1957, your retirement age is 66 years and 6 months. And for those born in 1960 or later, the retirement age jumps to 67 years.

Could Social Security Really Go Away?

That may be unlikely, but the program does face definite financial challenges.

Will Social Security run out of money in the 2030s? You may have heard warnings about this dire scenario coming true. These warnings, however, assume that no action will be taken to address Social Security’s financial challenges between now and then.

5 Skills To Help You Save Money

Everybody wants to know ways to save money. Finding “life hacks”, searching through the couch cushions, you know the drill. 

 

Here are some simple skills that you can learn to save some money in the long run so you can stop spending and start saving. 

1. Learn to Sew 

January 2019 Federal Budget

 

Your vacation home and estate taxes

What's a QPRT?

This stands for a Qualified Personal Residence Trust.

Okay, what's that?  In simple terms, a QPRT is trust that allows one to transfer the ownership of one's personal residence or vacation home to a family member while reducing the potential estate tax one might otherwise pay.

Is America Prepared to Retire?

Are Americans saving enough? Only 19% of U.S. adults describe themselves as “very confident” when asked about their savings. Worry spots include retiring without enough money saved (16%) and anxiety about having a “rainy day” emergency fund (14%). These findings come from the 2018 Consumer Financial Literacy Survey conducted by the National Foundation for Credit Counseling. (The survey collected data from 2,017 U.S. adults.)1

December 2018 Treasury Deficit

 

Important IRA Deadlines Are Approaching

Financially, many of us associate April with taxes – but we should also associate April with important IRA deadlines.

*April 1 is the absolute deadline to take your first Required Mandatory Distribution (RMD) from your traditional IRA(s).

*April 15 is the deadline for making 2018 contributions to a traditional or Roth IRA.1

Let’s discuss the contribution deadline first, and then the deadline for that first RMD (which affects only those IRA owners who turned 70½ last year).

Succession Planning: Preparing for a Smooth Transition

A successful finale. If you are an entrepreneur, what is the final act for you and your business? If you have been successful, you likely want the company you created to be able to continue once you are no longer at the helm. For that reason, many people in your position create a succession plan to implement when the time comes.

Can You Psych Yourself Up to Save More Money for Retirement?

You have probably spent decades saving for retirement, and you might have a decade or more of saving to go before you actually retire. At times, your resolve may be tested. The stock market may falter; household money pressures may mount; new near-term priorities may arise. So, what can you do to stay on point and stick with this financial commitment you have made to your future self?

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