News & Updates
Changes Coming to Social Security in 2026
Several significant changes will be implemented in the Social Security system beginning in January 2026. These changes will have an impact on benefit amounts, retirement age rules, taxes, and the minimum wage required for workers
Longevity
We frequently write about longevity and how important it is to have savings we don’t outlive. And while we’ve always striven to give our clients options for products where the income stream continues no matter
Evolution of Life Insurance
Years ago, it seemed as if the only reason to purchase life insurance was simply to make sure loved ones who depend on your income had what they needed financially after you passed away. Products
Retirement Age Is Changing
By mid-century, one in every six people worldwide will be over the age of 65. In the United States, it is highly likely that the Social Security Administration program will be unable to pay full
Working After Retirement
Working after retirement brings with it the need to understand certain tax and contribution rules governing the way you can use and/or continue to contribute to the money in your qualified retirement savings accounts. Looking
Is This Year a Good Year To Retire?
There is nothing generally inherent in any given year that says it’s a bad or good time to retire. The question that needs to be answered is whether you’re ready financially and emotionally. So, how
Understanding Long-Term Care
Approximately 49% of men and 64% of women who turn 65 today will require significant long-term care. While many people rely on unpaid assistance from relatives, nearly half will need paid services. Covering these costs
Behavioral Decision Making
We often think that emotions only impact inter-personal decisions, however making consequential financial decisions in a heightened emotional state also generally isn’t a good idea. Behavioral psychologists have identified a few common biases that can
Just in Case
Late in life job loss can be devastating on many fronts. One area we haven’t discussed before is a different use of an annuity you purchased, originally intending to turn on the income stream upon
Challenges of Aging
Planning for the challenges of aging is one of those situations we are probably inclined not to want to think about, either for ourselves or our extended family. The term “diminished financial capacity” is often
Late-Career Job Losses Are Affecting Retirement in America
Losing a job is never easy, but when it happens later in life, the challenges can feel even more daunting. Many people in their fifties are juggling significant financial responsibilities, such as mortgages, supporting children
Scams
We wanted to bring to your attention the recent increase in social media scams designed to entice you into fraudulent financial activities. We have probably all received the very real-looking – but fraudulent – emails
Not Just For Men
It’s crucial for women to plan and take control of their finances just as much as it is for men. When an “if only” happens, if you haven’t prepared, you could be left with fewer
RMD Timing
There have been some recent discussions about what the best way is to take out your RMD, and whether it is better to take it out in one lump sum or periodically throughout the year.
Many Americans Are More Afraid of Running Out of Money in Retirement Than Death
The majority of Americans interviewed said their biggest fear was not death, but running out of money in retirement. This is the conclusion of a recent study by Allianz Life, which discovered that people approaching
Preparedness Plan
Nearing retirement can be a stressful time as we shift from working to provide an income, to needing our money to work at providing that dependable income. Many people underestimate the financial stress of this
Federal Retirement
We’ve been having many conversations about the potential impact of the pending legislation, known as H.R.1, which proposes the elimination of the FERS annuity supplement, a move that could drastically alter the retirement landscape for
Which are you more worried about?
The 2025 Annual Retirement Study from the Allianz Center for the Future of Retirement revealed that nearly two-thirds of Americans worry more about running out of money than about death. Many factors and economic pressures