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How Much Retirement Income Should Come From Savings?

By Ridgegate Financial | September 26, 2017

According to the Bureau of Economic Analysis, Americans’ personal savings rates are about half of the amount they once were. For the past few years, the personal savings rate has hovered around 5 percent, but that’s still significantly lower than the savings rate from 1950-2000, which averaged 9.8 percent.1   For many retirees, a big…

What do You Think About Downsizing?

By Ridgegate Financial | September 25, 2017

  Lessons of Youth   Remember your first apartment? As young adults, many of us may have used milk crates as bookshelves, turned wood pallets into a coffee table and picked up odds and ends at yard sales. Walls were bare — and often cupboards — but living with less offered more freedom with fewer…

Potential Reasons to Put the Retirement Countdown on Hold

By Ridgegate Financial | September 19, 2017

Retirement is still something most people look forward to, but over the years, some of the reasons for anticipation have dwindled. During the industrial age, more people worked jobs requiring manual labor that were hard on the body.   By mid-century, many rank-and-file workers could look forward to a pension waiting for them upon retirement.…

Entrepreneurial Spirit

By Ridgegate Financial | September 18, 2017

  Standard Article Bankable Hobbies   Did you know the average American adult spends just 37 minutes a day preparing meals?1 With more two-income families today, the art of home cooking, baking, carefully preparing family recipes and multicourse meals appears to have gone by the wayside for many. But must it?   Where there is…

Strategic vs. Tactical Asset Allocation

By Ridgegate Financial | September 12, 2017

In recent years, the markets, the economy and the global political scene have evolved considerably. We’ve witnessed both remarkable volatility and remarkable resilience in these areas. The reality is that less predictability in today’s economic landscape requires more vigilant risk diversification, coupled with the ability to adapt to a fast-changing environment.1   We work with…

Multi-Generational Conversations

By Ridgegate Financial | September 11, 2017

PATRIOT DAY Remembering September 11, 2001 Wishing you peace today and always   Ways to Relate to Your Teenage Grandchildren   As a grandparent, you may go from getting great big hugs to a casual nod, scant eye contact and a request for the Wi-Fi code. Welcome to grandparenting a teenager.   You might complain…

Retirement Plan Fees: Know What You Are Paying

By Ridgegate Financial | September 5, 2017

Many large companies offer employees a 401(k) plan with some degree of matching contribution. Although this is a good employee benefit to have, you always should pay attention to the fees involved in your plan. Your plan provider charges various fees to invest, manage and administer the plan, and those fees are passed on to…

Bucket List

By Ridgegate Financial | September 4, 2017

Happy Labor Day! Popular Retirement Bucket-List Ideas   If you haven’t thought about creating a bucket list, it’s something you may want to consider either before or once you’re in retirement. For many, retirement is viewed as one long holiday that offers the opportunity to pursue new passions. But for some, it can be a…

Labor Day Newsletter

By Ridgegate Financial | September 1, 2017

News You Can Use Innovations in the Baby Boomer Tech Market   Today, technology companies boast a rapid-fire pipeline of new innovations designed to help consumers in the home environment. While many are designed to help elderly people around the house, in some cases, it’s boomers who buy, install and help monitor those devices for…

3 Common Questions About Social Security

By Ridgegate Financial | August 29, 2017

While Social Security shouldn’t be the sole source of income during retirement, it can play an important role in your overall financial strategy for retirement. But making sense of the basic ins and outs of Social Security can be overwhelming. It is recommended that everyone who is serious about planning their retirement consult one of…