Deciding When to Retire: When Timing Becomes Critical

Posted on Feb 2, 2017 in Featured, Investing, Peoples Progress e-Newsletter |

Deciding when to retire may not be one decision but a series of decisions and calculations. For example, you’ll need to estimate not only your anticipated expenses, but also what sources of retirement income you’ll have and how long you’ll need your retirement savings to last. You’ll need to take into account your life expectancy and health as well as when you want to start receiving Social Security or pension benefits,...

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Five Questions about Long-Term Care

Posted on Nov 10, 2016 in Featured, Financial Planning, Investing, Peoples Progress e-Newsletter |

1. What is long-term care? Long-term care refers to the ongoing services and support needed by people who have chronic health conditions or disabilities. There are three levels of long-term care: Skilled care: Generally round-the-clock care that’s given by professional health care providers such as nurses, therapists, or aides under a doctor’s supervision. Intermediate care: Also provided by professional health care providers but on...

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Handling Market Volatility

Posted on May 6, 2016 in Featured, Financial Planning, Investing, Peoples Bank News, Peoples Progress e-Newsletter |

Conventional wisdom says that what goes up must come down. But even if you view market volatility as a normal occurrence, it can be tough to handle when your money is at stake. Though there’s no foolproof way to handle the ups and downs of the stock market, the following common-sense tips can help. Don’t put your eggs all in one basket Diversifying your investment portfolio is one of the key tools for trying to manage market...

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Five Questions and Answers about New Social Security Claiming Rules

Posted on Feb 4, 2016 in Featured, Investing, Peoples Progress e-Newsletter |

When Congress unexpectedly eliminated two Social Security claiming strategies as part of the Bipartisan Budget Act of 2015, retirement planning got a little more complicated for people who expected to use those strategies to boost their retirement income. Here are some questions and answers that could help if you are wondering how the new rules might affect you. What’s changing? The provision of the budget bill called “Closure of...

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Common Factors Affecting Retirement Income

Posted on Nov 5, 2015 in Featured, Investing, Peoples Bank News, Peoples Progress e-Newsletter |

When it comes to planning for your retirement income, it’s easy to overlook some of the common factors that can affect how much you’ll have available to spend. If you don’t consider how your retirement income can be impacted by investment risk, inflation risk, catastrophic illness or long-term care, and taxes, you may not be able to enjoy the retirement you envision. Investment risk Different types of investments carry with...

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Planning for Incapacity

Posted on Aug 6, 2015 in Featured, Investing, Peoples Bank News, Peoples Progress e-Newsletter |

What would happen if you were mentally or physically unable to take care of yourself or your day-to-day affairs? You might not be able to make sound decisions about your health or finances. You could lose the ability to pay bills, write checks, make deposits, sell assets, or otherwise conduct your affairs. Unless you’re prepared, incapacity could devastate your family, exhaust your savings, and undermine your financial, tax, and estate...

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