Your Financial Future Deserves a 2nd Opinion
Contact Ross Wealth Advisors Today at 614.545.0277

Posts by

What Is The Best Age for Retirement?

retirement age

You’ve been dreaming of a comfortable retirement for decades, one where you can pursue the activities you’ve had to defer while you worked a full-time job and/or raised a family. While many people consider the "official" retirement age as the year you can begin to collect Social Security (65 to 67), the right retirement age…

Read More

The Biggest Retirement Mistakes People Make and How to Avoid Them

retirement mistakes

Retirement planning usually includes IRAs, wealth management and low-risk investments, but what about planning for medical insurance denials, kids that might need money or sudden home emergencies? Given the recent boom with the stock market, a lot of people crossed a major threshold – making their first $1 million in retirement money. If you’re one…

Read More

7 Tips for Minimizing Your Income Tax in Retirement

income tax

After a lifetime of making money and paying your taxes, you’re entitled to enjoy the fruits of your labor during retirement. But if your total assets amount to more than $1 million, you could end up paying far more tax than you ever expected. Maximizing your retirement income and protecting your assets has the potential…

Read More

Prepare for Health Care Costs in Retirement

healthcare costs

Most people will tell you that they’ve got plans for their retirement years. They may plan to travel the world or purchase a vacation home. Perhaps they have a passion for a hobby they want to pursue. Whatever their retirement dream, people think about it and plan for it. Too often, however, those plans get…

Read More

Planning Now to Pay for Those Retirement Dreams

retirement dreams

"If only I knew then what I know now." We’ve all heard some variation of that familiar muttering. It illustrates a sentiment many of us face as we begin to understand that we are no longer the 10-foot-tall, bulletproof beast of our youth. When we find our attention turning to thoughts of retiring, of doing…

Read More

How Much Money Do I Need to Retire?

retirement income

There’s not a one-size-fits-all answer to the question of how much money you really need to retire. Unknown factors, like how long you’ll live and whether you’ll face health issues in the future, combined with your desired quality of life make coming up with a simple answer impossible. You can factor in some information to…

Read More

6 Must-Know Tax Reduction Considerations

tax incentives

If you are at or near retirement age, financial security must be on your mind. Social Security benefits are generally too low to live on alone. Even with Medicare, you are likely to have significant medical expenses in your senior years. Living comfortably after age 65 is a challenge for many Americans. Fortunately, you can…

Read More

7 Commonly Asked Retirement Questions

retirement couple

If you’re nearing retirement age and feeling woefully underprepared, don’t worry – you’re not alone. As they head into their 50s or 60s, it’s quite common for people to wonder if they’ve made all the right financial decisions now that retirement seems to be looming just over the horizon. Whether you’ve been stockpiling cash or…

Read More

7 Ways to Get Your Finances in Order Before Retiring

piggy banks

If you’re nearing retirement age, you’re probably starting to think about how you are going to spend your time and money now that you won’t be working full time. This could be all sorts of different ways depending on your interests, health, personality and financial means. Some people might want to continue working part-time while…

Read More