by Munn Gray & Associates | Nov 6, 2023 | medicare, Retirement
Short answer: Probably not. Medicare coverage comes with deductibles and significant co-payments or coinsurance costs for many types of treatments, including hospitalizations. Typically, the deductible amounts are increased each year. If you’re not prepared to...
by Munn Gray & Associates | Mar 14, 2023 | Retirement
When it comes to withdrawing money from your retirement funds, one of the most important things to consider is how much money you should be withdrawing each year. Many experts recommend that you use a formula known as the 4% safe withdrawal rule, which is based on...
by Munn Gray & Associates | Nov 29, 2022 | Financial Planning, Retirement
It’s always a good idea to check in on the status of any plans or goals you may be working towards, and your retirement plan is certainly no exception. When you’re younger and retirement feels far off, you could get away with infrequent checks, but as you approach...
by Munn Gray & Associates | Feb 7, 2022 | Financial Planning, Budgeting, economy, Retirement
When it comes to saving for retirement, many people take a set-it-and forget-it approach. But not paying attention to your 401(k) and IRA accounts could cause you to miss valuable savings opportunities. Avoid these seven mistakes: Not contributing enough to get your...
by Munn Gray & Associates | Jan 4, 2022 | Financial Planning, Budgeting, Financial Journeys, Helpful Resources, Retirement
It is never a bad idea to begin planning for retirement, no matter what stage of life you are in. Today is when all those small decisions about retirement can start having a big impact on your future self. It is important to remember that it is never too soon to plan...
by Munn Gray & Associates | Dec 29, 2021 | Articles of Interest, Financial Planning, Helpful Resources, Retirement
A 401k is a retirement account that you can open with your employer for savings. The goal of this type of account is to continue to save over time to help support your future retirement. You may not know what all goes into a 401(k) plan. That doesn’t mean you...
