These days, many retirees are very concerned about market volatility doing severe damage to their retirement nest-egg. There is no level of protection from market risk losses in a traditional account invested in the securities market. So what can we do as financial professionals to help our clients eliminate this risk but still have the [...]
Worries about safeguarding money appear to be a common occurrence to all Americans while saving for retirement. A significant number of adults depend on their 401K, Individual Retirement Account (IRA), Pension Plans, or Social Security. Unfortunately, those are not enough to support the needs of most adults in their later years. An assessment considers a [...]
“A Thrift Savings Plan can turn ordinary government employees into millionaires. But, is it a good idea to leave all of your nest egg in one basket?”- Joe Runza As of June, 2021, there were over 98,000 Thrift Savings Plan (TSP) millionaires! These feds achieved this status by consistently investing in their TSP’s stock-indexed and [...]
"If you are at or near retirement, the thought of selling your home may have crossed your mind. Before you make that decision, though, you'd better spend some time considering the pros and cons."- Joe Uppleger. The sizzling hot housing market has many pre-retirees and retirees thinking about whether they should sell their current homes. [...]
“Making financial decisions you won't regret later can prove challenging no matter how rationally you approach them.”- Diane Marra If you feel overwhelmed and frustrated when you make wrong decisions with your money, you aren't alone. One of the newer branches of economics, called "behavioral economics," has confirmed that even disciplined and focused people make [...]
What matters most? Every day I speak with clients, one of the hardest things I must convince them of is that it's no longer about chasing the highest interest rates. You see, most of my clients are retired or very near retirement. They are in the so-called "fragile decade," which is the five years before [...]
“Do I really need Life Insurance?” is a question that I am often asked, especially by young people who have their youth and good health on their side. So why “waste” money buying Life Insurance now? Nobody seems to question the authorities when they mandate that you buy auto insurance if you own and drive [...]
"Compound interest is the secret sauce of strategic wealth-building strategies. The sooner you start taking advantage of the magic of compounding, the more money you'll have at retirement time."- Scott Self If you want to create a stable, less stressful, and ultimately more satisfying retirement, you will need to take some critical actions. First, you [...]
Planning for annual expenses is only part of what it takes to create a more prosperous and happy post-career life. It's also crucial to consider the costs associated with age-related loss of independence. Chronic illnesses, accidents, and injuries can happen throughout a person's lifetime. These occurrences are especially impactful in the later years and often [...]
Life events can have a massive impact on your financial affairs and trigger the need for a review of your insurance portfolio. If you experience or have recently experienced any of the following events in your life, it's time to call your insurance professional and schedule a comprehensive insurance evaluation.- Joe Runza If you're like [...]
