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For Licensed Agents | Find An Agent | About | Contact | Glossary | Code of Ethics | Terms of Use | Privacy Policy | Website Accessibility
Are You Using The Right Tools For Your Retirement?
/in Retirement Planning/by Tim Davis, RICP®, CLU®, CEBSFor many of us, the years spent working are all about chasing the next career opportunity or building our businesses. We’re taught to focus on maximizing our earnings and saving for the future, which is essential. But what happens when retirement finally arrives? After years of saving and being good stewards of our money, retirement […]
What Exactly Is An Annuity
/in Annuities, Investing, Retirement Planning/by Gary SzewczykI get asked this question a lot. “What is an Annuity?” Most people I talk to when it comes to retirement planning either do not understand annuities or have heard much negative press regarding annuities. I feel the simplest way to explain what an annuity is and why they play a significant role in any […]
5 Mistakes Investors Make When They Fail to Keep Their Cognitive Biases in Check
/in Investing/by Joe EdgeworthA cognitive bias refers to how our experiences and preferences distort our judgments and decisions. For example, when deciding whether to buy a new car, we might focus on the positive aspects of the vehicle (the safety features, the comfortable seats) and downplay the negative aspects (the high price tag, the small trunk). This tendency […]
Avoid These 5 Common Retirement Mistakes
/in Retirement Planning/by Douglas HermannAccording to a recent Employee Benefit Research Institute study, only 58% of workers have saved for retirement, and only 27% have saved enough to cover all expenses. Many people will have to rely on Social Security which may not be enough to cover basic costs. Building a retirement fund that provides guarantees and helps offset […]
In These Trying Times, Don’t Lose Your Grip On Your Finances
/in Investing, Retirement Planning/by Lawrence Castillo“While I’m definitely not as strong as Stallone, I do know how to keep my clients from falling off a cliff.” Lawrence Castillo You might remember the 1993 movie Cliffhanger with Sylvester Stallone and Janine Turner. While the movie was pretty pedestrian action thriller fare, it did have an unforgettable opening sequence that left me […]
Are You Struggling To Build Up Your Nest Egg? Ask Your Tax Expert About The Retirement Savings Contribution Credit.
/in Retirement Planning/by Debra May“The non-refundable tax credit known as a saver’s credit may make it easier for some people to put more away for retirement.”-Debra May. If you are like many Americans, you may find it challenging to carve out the money you need to increase your retirement savings. It’s understandable, given the economy’s current abysmal performance, runaway […]
Economic Woes Push More Americans Into Predatory “Quick Cash” Loans
/in Retirement Planning/by Paul Hubbard III“If you are experiencing a cash crunch, a payday loan or another type of high-interest loan may seem like your only alternative. Before you act, check with your financial advisor to see what else you could do to get some fast cash. -Paul Hubbard III. No matter what politicians and talking heads on the nightly […]
As A Recession Looms, Be Sure To Avoid These Common Money Mistakes
/in Investing, Retirement Planning/by Jim Fish“When it seems as if the sky is falling, those who remain calm and focused on the long-term goals will come out ahead.” Jim Fish As a financial services professional, I walk a delicate tightrope. On the one hand, I am genuinely optimistic about the future, even in the face of a possible recession. On […]
Changes In Your Risk Tolerance And What That Means For Your Financial Future
/in Retirement Planning/by Douglas HermannDuring your accumulation years, your attitude towards investing may have fluctuated between “conservative,” “moderate,” or “aggressive.” Knowing your long-term goal was retirement, you may have been willing to ride out the market’s ups and downs. Now that you are nearing retirement, your risk tolerance has changed. You can no longer afford to lose money, even […]
5 Things You Should Be Doing To Shore Up Your Retirement Against A Recession
/in Investing, Retirement Planning/by Gary SzewczykEveryone’s retirement plan is different, but one common goal is to have enough to live comfortably after you stop working. However, a recession could erode retirement savings and undermine a person’s retirement plan. During a recession, stock prices may become very volatile, leading to losses in a 401(k) or other retirement accounts. Also, job losses […]