Retirement Considerations for Government Contractors

Government contractors face additional retirement challenges when compared to their Federal Employee counterparts. Contractors have no pension, have to plan for health insurance in retirement, can’t necessarily control their own retirement date, and may have access to more complex savings vehicles. This can make planning for your retirement more challenging.
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Your Mortgage, Tax Strategies and Retirement

I get the question a lot – should I pay off my mortgage. The answer is that depends.

If I told you that I had a vehicle that allowed you to pay $10 in interest to save $3 in taxes, would you do it? The answer is probably no. Assuming that you are in a 30% tax bracket to keep the numbers easy, that’s what a mortgage is – and that math doesn’t always go in your favor. Please be sure to consult your tax advisor with regards to the tax strategies discussed in this article.

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Should You Relocate in Retirement?

As many people approach retirement, they start thinking about moving. Before you move, make sure that you think it through.

Do you have family considerations that will keep you in your current area? Is it important to you to stay close to your children, your grandchildren or even your parents? As people are living longer, those in their sixties and seventies are finding themselves more and more responsible for the care of their parents or other older relatives. If this describes your family, you may want to come up with an alternative game plan before heading south.

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