"Dollars saved 20 years ago have lost nearly HALF of their purchasing power. Such inflation poses a serious threat to seniors entering retirement, as well as those already in retirement." Robert Cannon Since 2000, the US dollar has lost an incredible 44.2% of its purchasing power. Reports from the government's Bureau of Labor Statistics (BLS), [...]
If you have been looking for a financial advisor or retirement and income specialist recently, you may have run across the term "fiduciary." Fiduciary rules have been in the news lately due to some new Department of Labor (DOL) rules which clarify which financial professionals are considered fiduciaries and which are not. In June of [...]
Sparked by the current pandemic, sales of a relatively new type of annuity have seen a 38% increase over the last year, according to estimates by the Secure Retirement Institute. These latest iterations of annuity products, known as “buffer” annuities,” trace their origins back to 2010. That year, a handful of annuity companies created a [...]
