Category

Retiree

Could Social Security be another vicitim of Covid-19?

Social Security: Another Covid-19 Victim?

By | 2020, coronavirus, Covid-19, Financial Planning, Retiree, Retirement Income, Retirement Planning, Social Security | No Comments

As the number of confirmed Coronavirus cases nears 2.4 million in the United States, the virus has extracted a heavy toll in terms of deaths, hospitalizations, job loss and economic malaise.  As devastating as Covid-19 has been the past four months in terms of loss of human life and economic conditions, it may be minor in comparison to the potential…

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What Now?

What Now?

By | 2020, Bond Markets, coronavirus, Equity Markets, Financial Planning, Fixed Income Markets, Interest Rates, Investing Lessons, Investment Returns, Investor Panic, Market Corrections, Market Volatility, Patience, Retiree, Retirement, Retirement Income, Retirement Planning, Retirement Savings, Returns, Risk, Stock Markets, Tax | No Comments

2020 began with the promise of continued strong economic and financial performance and a hint of uncertainty surrounding the November Presidential election.  The nation’s unemployment rate was near sixty-year lows, and labor force participation rates were near sixty-year highs.  The longest bull market in U.S. history was still running, despite concerns by some investors and analysts that it was getting…

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Long Term Care Insurance Costs Skyrocket

Long Term Care Insurance Costs Skyrocket

By | Health Care, Long Term Care, Retiree, Retirement, Retirement Planning | No Comments

Older Americans shopping for long-term-care insurance policies and current owners of long-term-care (LTC) policies may be in for a bit of a shock when they get their renewal statements or coverage quotes.  Long-term-care insurance carriers have gotten approval from state regulators for double-digit percentage increases in insurance premiums, to help cover cost and offset adverse trends in the long-term-care industry….

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Are baby boomers ready for retirement?  Survey reveals expectations and readiness.

Survey Reveals Baby Boomers Expectations for Retirement

By | Baby Boomers, Retiree, Retirement, Retirement Income, Retirement Planning, Retirement Savings, Social Security | No Comments

The Insured Retirement Institute recently released the “Eighth Annual Update on the Retirement Preparedness of the Boomer Generation” and the report provides some interesting insights into baby boomers’ expectations and preparedness for retirement.  While the insight from the survey provides a valuable look into the mindset baby boomers preparing for retirement, it should be noted that the Insured Retirement Institute…

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Is there a right and wrong time to retire?

The Worst Time to Retire?

By | Investment Returns, Market Index, Retiree, Retirement, Retirement Income, Retirement Planning, Retirement Savings, Returns, Risk | No Comments

Investment News, a weekly national publication for financial advisors, recently published an article titled “Sinking At Retirement” by Greg Iacurci.  The article maintains, “Current market conditions bode horribly for near-term retirees.”  Many baby boomers, including some of our clients, are planning to retire soon.  Should pre-retirees on the verge of retirement be concerned about the impact current market conditions may…

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Health-care-costs are projected to rise at 6% clip.

Health-Care Costs Rise Again

By | Health Care, Retiree, Retirement | No Comments

Health-care costs for retirees are on the rise again, a new study from Fidelity Investments reports.  According to the Fidelity study released in August, a 65-year-old couple retiring in 2017 will need $275,000 to cover health-care costs during their retirement years.  This cost is 6% higher than it was in Fidelity’s 2016 report. The 6% cost increase corroborates findings by…

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