Insights, Advice, and Conversations to Shape Your Financial Future
DISCUSS WITH RUSS
“Discuss With Russ” is your go-to resource for navigating the complex world of personal finance. Whether you’re looking to manage risk, seize new opportunities, or avoid common financial pitfalls, our blog offers insights to help you succeed at every stage of your financial journey.
We’re here to provide actionable strategies and thoughtful guidance to help you take control of your financial future.
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Opportunity Costs of Early and Late Retirement
To many, retiring early may seem like a dream come true, but it can come with its own set of challenges and drawbacks. On the other hand, retiring late also has its own unique pros and cons.
How to Know if It's Time to Downsize Your Home
The decision of whether or not to downsize their house is one that many retirees and pre-retirees face. And while you may be emotionally attached to the home where you raised your family, there are many benefits that downsizing can offer.
Should You Join the FIRE Movement?
The FIRE (Financial Independence, Retire Early) movement is gaining momentum among people who are willing to make drastic changes to their lifestyle in exchange for an early retirement. Here’s what you need to know to decide if it’s right for you.
Reimagining Retirement in the 21st Century
Longer life expectancies and more flexible work options have made retiring in your early 60s less of a necessity than it was for generations past.
Flying Solo in Retirement: 6 Financial Strategies for Women
Women today are far more likely to be the head of household and manage their own finances than in previous generations. If you’re a woman who plans to retire solo, these six financial strategies are for you.
Debunking 7 Common Retirement Myths
There are lots of misconceptions about retirement that seem believable but just aren’t true. We debunk the most common retirement myths here.
Preparing to Retire Single
Not everyone is preparing for retirement with a spouse, partner, or children. Whether due to widowhood, divorce, never marrying, or not having kids by chance or choice, more people than ever before are approaching retirement single and childfree.
Tips For a Healthy and Happy Retirement
Retirement signals the end of our wage-earning years, so the primary concern tends to be making sure you’ll be able to take care of your needs and maintain your lifestyle without running out of money, but your physical and mental health are equally important.
How to Review Your Online Social Security Statement
Reviewing your Social Security statement and estimated benefits online is fast and easy, plus it can help you with retirement planning and knowing whether the SSA has accurate information on file.
Put Your Retirement Savings on Autopilot
You’ll never reach your retirement savings goal if you don’t start making progress towards it, and putting some tasks on autopilot practically does the job for you.
8 Ways to Boost Your Retirement Savings
Putting off planning is the most common regret among retirees today. Setting a goal for yourself and working toward it incrementally and diligently is the best way to begin boosting your retirement savings today.
Why You Should Pay More Taxes Today
Between higher tax rates in the future to pay for COVID relief and likely lower Social Security payments, you may want to consider a Roth conversion to get in on what may be lower tax rates now.
Why and When Should I Review My Retirement Contributions?
If you would like to stay on track toward reaching your retirement goals, reviewing your contributions regularly, and making changes that align with your current circumstances and vision for the future is the best way.
How to Save for Retirement When You are Self-Employed
Saving for retirement can be difficult, especially when you are self-employed. Fortunately, there are several plans you can take advantage of and ways to invest your money to help you save for the retirement you dream of.
Living Your Best Retirement
Everyone’s vision of life after retirement is different. But it is important to properly plan, save, and invest for the kind of retirement you desire.
Unique Issues Women Face When Planning for Retirement
While women are earning more than ever in recent decades, they still face many unique financial challenges that must be taken into consideration when planning for retirement.
The SECURE Act
At the end of December 2019, Congress passed a funding resolution for the government which averted a shutdown. The intentions of this law are generally noble--to help more employees fund their senior years with workplace retirement plans which allow participants to save more money than they would through a typical IRA alone. But it also provides some significant changes which individuals and planners alike are going to have to wade through in the coming years.
When Should You Retire?
Although it is important to understand your Social Security retirement benefits, you’ll need to keep in mind that just because you have reached your full retirement age, doesn’t mean you should necessarily retire.
Strategies for Retirement Account Distributions
When the time comes for you to begin taking required minimum distributions (RMDs) from your retirement accounts, there are strategies you can employ to be sure the numbers work in your favor.
9 Common Questions About Social Security Benefits Answered
Knowing the answers to these nine common questions about Social Security benefits can help you avoid costly mistakes.