News & Updates
Co-Piloting
We all know that it is not uncommon for one spouse to be the primary decision-maker when it comes to managing a couple’s money. But this approach can have consequences. One major consequence is if
2024’s Record Number of Retirees May Spark a Recession
This year will see a record number of Baby Boomers reaching the traditional retirement age. By 2030, they will all be at least 65. However, this creates a fiscal problem, as fewer taxable workers means
Chances of Success
We often speak with individuals who provide us with calculations for our retirement income, which calculations are based on various assumptions, from asset allocation to market projections to future returns that may turn out to
Blended Families
We frequently receive inquiries from family members of decedent owners of various insurance products where there is a disconnect between their impression of who the owner of the policy wanted to be a beneficiary, and
Near or Far
It isn’t always easy to save for retirement, in part because, for many people, it is far enough away that we don’t feel any sense of urgency. One possible solution? Make the future feel closer.
Married Couples and Social Security
We were recently asked a question that led us to believe this week’s topic might be useful to many of you. While most of us are aware of how Social Security works, here are the
Many are Scared to Spend Money in Retirement
Many retirees worry that they will live too long to enjoy their money. As a result, many are scared to spend in retirement. And can you blame them? Half of the financial world focuses on
RMDs
For many investors entering their 70s, diligently contributing to and saving in tax-deferred retirement accounts must soon turn to making mandatory annual withdrawals. That’s because the government requires retirees to take required minimum distributions (RMDs)
Lifespan Variation
An interesting study performed by the Center for Retirement Research at Boston College delved into the concept of lifespan variation, and why it provides valuable information about mortality beyond life expectancy. “It is precisely this
Five Easy Steps For Financial Fitness
Are you the kind of person who likes to make lists? You might see the use in this list of “five easy steps for financial fitness.” #1 Create a budget; #2 Manage your debt; #3
Unexpected Retirement Expenses
Taking out an extra $10,000 to pay for a new roof may not seem like a huge problem in the long term. However, costs build up, and your future retirement plans may be disrupted. Every
Where did I put it?
All too often when we need to find an important financial document we can’t remember where we put it. Keeping important documents up to date and accessible is essential. Even after you finalize your will
Nickle-and-Dimed
No, you’re probably not imagining it. 69% percent of Americans surveyed by Lending Tree in 2023 reported they’d paid an extra fee when using a credit card for a purchase. A smaller, more recent survey
Pre-Retirement Syndrome
Have you heard this phrase? It is often used to refer to the anxiety and stress that people feel in the years leading up to retirement. While it is common to feel a sense of
Gen Xers and retirement
Generation X will begin turning 60 years old this year, in 2025. This generation, generally defined as those who were born between 1965 and 1980, all tend to encounter the same few problems when it
Resolution Fatigue
At this time of year there tends to be discussion about what our New Year’s resolution will be. Researchers suggest that only 9% of Americans that make resolutions complete them. In fact, research goes on
Risk/Reward
It is important to think about your risk/reward ratio tolerance–terms like “conservative” and “risky” can mean different things to different people which is why it is necessary to think it through. This way, you can
IRA Conversion
Conversions of a traditional IRA to a Roth can differ individual to individual, even where the same sum of money is involved. Let’s take, for example, two individuals, each with $100,000 in a traditional IRA,