One of the most crucial things to understand in retirement is your risk tolerance. But what exactly is risk tolerance? It’s your ability to withstand investment losses without panicking and selling at the wrong time. Your risk tolerance might be high if you’re okay watching your investments dip in value occasionally, confident they’ll rebound. On […]
What is retirement planning?
Retirement planning is figuring out how much money you will need to have saved up when you retire so that you can live comfortably. It involves estimating how long you will live and how much money you will need each year to cover your expenses.
Learn more about retirement planning from our financial advisors below.
How Annuities Offer Unparalleled Protection Against Market Uncertainty Picture this: You’ve worked tirelessly your entire life, striving to ensure a comfortable retirement. You’ve saved, invested, and planned. But now, as you enjoy your well-earned rest, the unpredictable and volatile nature of the stock market threatens your nest egg. Imagine if there was a safety net […]
In the vast tapestry of life, one can find surprising connections in the most unexpected places. Take, for instance, the worlds of fly fishing and annuities. On the surface, these two concepts may appear poles apart, but delving deeper reveals a remarkable similarity in the benefits they offer and how they relate to one another. […]
When it comes to preparing for a comfortable retirement, several key variables must be considered. For instance, how much money do you need to save? And what type of investments can help you reach your goal? These are just a couple of questions you should ask as you start planning for retirement. In this article, […]
A Dream Destination for Golden Years Did you know that Madison, Wisconsin ranks high among the best places in the US to retire? The city serves a buffet of reasons why, making it an irresistible choice for retirees. From enticing tax benefits, an engaging cultural scene, and stellar health care to a robust educational community, […]
Why Retiring in Oklahoma is a Wise Choice When it comes to choosing the perfect retirement destination, Oklahoma may not be the first state that comes to mind. However, this hidden gem offers a host of benefits that make it an increasingly attractive choice for retirees seeking a peaceful and fulfilling retirement. From its affordable […]
The Magic of Long-Term Care Insurance Once upon a time, money grew on trees, retirement was a golden age, and long-term care was taken care of by a fairy godmother. Then, one day, we woke up to reality. The fairy tales were no more, and we were left with money worries, the looming costs of […]
Your Money Safe Isn’t Your “Safe Money” Ever looked at that antique safe in your basement, smiled, and thought, “That’s my safe money”? I hate to break it to you, but there’s a fundamental difference between ‘money in your safe’ and ‘safe money.’ It’s easy to confuse the two, especially when diving into the deep […]
Understanding the Concept of ‘Safe Money’ Have you ever heard of the parable of the Tortoise and the Hare? It’s a classic fable with a not-so-obvious twist for today’s retirees. You see, the tortoise wasn’t just slow and steady; it was also safe and secure. And guess what? That’s the secret sauce for a worry-free […]
As time passes, it becomes abundantly clear that planning for the future is more than simply investing wisely and setting aside a fraction of your income for retirement. It’s about understanding the complex factors that directly impact your financial well-being, from skyrocketing healthcare costs to the insidious creep of inflation. There are also longevity risks […]