Tag

Retirement Planning

Social Security Could be Broker as Early as 2032

New Study Projects Social Security in Worse Shape than Reported

By | Financial Planning, Retirement, Retirement Income, Retirement Planning, Social Security | No Comments

We have known for some time now that Social Security’s long-term health is in question, and that the program is in serious need of financial reform to remain a viable source of income for retirees.  A new independent report indicates that the problem may be worse than has been reported by Social Security trustees.  Conducted by the University of Pennsylvania’s…

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The clock is running out on many Americans facing a retirement time bomb.

Time Bomb Looms for Aging Americans

By | Baby Boomers, Investing Lessons, Retirement, Retirement Planning, Retirement Savings, Social Security | No Comments

A recent Wall Street Journal article “Time Bomb Looms for Aging America” highlights a growing crisis for older Americans nearing and entering the early stages of retirement.    What the article’s authors uncovered in their research is that the generation reaching retirement age is in worse financial shape than the previous generation.  This will be the first time this has occurred…

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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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Vin Scully retired at the tender age of 88 from broadcasting for the LA Dodgers.

How Long Are You Planning To Work Before Retirement?

By | Financial Planning, News and Events, Retirement Planning | No Comments

While the 2016 Presidential election has captured most of our nation’s attention this year, you may have missed the end of an era in professional baseball.   At the end of the 2016 Major League Baseball season, Vin Scully quietly and gracefully stepped away from the Los Angeles Dodgers’ broadcast booth, ending an historic 67-year hall of fame career in broadcasting. …

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Will Your Savings Last as Long as Your Retirement?

Will You Run Out of Money During Retirement?

By | Retirement Income, Retirement Planning, Retirement Savings | No Comments

In recent years, a lot of attention has focused on the state of retirement, more specifically the risk that retirees will outlive their money.  Furthermore, in most surveys circulating about retirement today, running out of money during retirement continually tops retirees’ lists of fears and concerns. Retirees’ fears about retirement are far from unfounded as they do face many risks. …

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Will you have enough money to comfortably retire?

Common Questions About Retirement

By | Retirement Planning, Retirement Savings | No Comments

As I have shared before with many readers during our office visits and in other blog articles, one of my favorite activities in the financial planning profession is visiting with so many fun, interesting and intelligent people during client reviews and new client meetings.  I really enjoy “peeling back the layers of the onion” and finding out about where people…

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Recent research from Fidelity Investments indicates that a couple who retired in 2015 can expect to spend an estimated $245,000 for healthcare during their retirement.

Taming the High Cost of Health Care During Retirement

By | Health Care, Retirement Planning | No Comments

I recently met with a client to review their investment accounts and financial plan.  During the course of our meeting the topic of aging came up.   As we talked about getting older and the challenges that aging presents, I remembered something an old client had told me at the very beginning of my financial planning career.  Tom and his wife…

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Secretary Thomas Perez and the Department of Labor led the charge in protecting retirement accounts.

Department of Labor’s Fiduciary Rule Shakes Up Industry

By | Fiduciary Standard, Financial Planning, Retirement Planning, Selecting an advisor | No Comments

In early April a major milestone was reached in the investment advice industry.  On April 6th, 2016 the Department of Labor revealed its new fiduciary duty rule that requires financial advisors to act in their clients’ best interest when making investment recommendations on retirement accounts. The new fiduciary duty rule reflects efforts that were first proposed six years ago.  It…

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SS program changes limit future planning options.

Social Security Changes Will Limit Future Planning Options

By | Financial Planning, Retirement Planning, Social Security | No Comments

A few days before Halloween, Congress managed to slip a couple of ‘tricks’ into the Bipartisan Budget Act of 2015 that impact many soon-to-be retirees and their retirement plans.  On October 28th, the House of Representatives approved a bill that could cost retirees tens of thousands of dollars in benefits by eliminating two Social Security claiming tactics known as file-and-suspend…

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