"Despite their increasing influence, women remain largely ignored by the financial industry. It's time for them to educate themselves, take control of their money, and insist on better treatment from their wealth advisors."- Robert Cannon. Although women now control 2/3 of global household finances and 40% of all wealth, they remain much less confident than [...]
"U.S. government statistics say that over 70% of Americans 65 and older will need long-term care at least once in their lives. Yet, only 33% of us understand and acknowledge that we're likely to need long-term care in the future."- Robert Cannon Various studies over the past decade indicate that Americans tend to vastly underestimate [...]
"Rising unemployment has serious implications, even for those already retired." Robert Cannon. As the country emerges from COVID-19-related lockdowns, we are beginning to see more of the economic aftermath, particularly in the form of unemployment. When you are already retired or are close to retirement, it's tempting to feel somewhat insulated from the effects of [...]
"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 [...]
