Learn the basics of Estate Planning, including wills and probate, trust, beneficiary designations & taxes.

Make Sure You Understand The Financial Burden Of Long-Term Care.

Make sure you understand the financial burden of long-term care. What's one of the quickest ways your clients can blow through their retirement nest egg? Long Term Care, and with a 70% likelihood of needing some level of extended care, is a predominant retirement risk that should be addressed in every conversation. Many people believe [...]

By |2021-07-06T15:24:13+00:00July 6th, 2021|Estate Planning, Insurance|

Do You Have The Liquidity Needed For Downturns?

 "Liquid assets are a major component of a healthy financial plan. Are you making sure your clients have the cash they need to hedge against disasters?" Del Fujinaka Income shocks produced as a result of the pandemic have had a somewhat purifying effect on financial planning. Before COVID-19, many consumers were dismissive of the idea [...]

The Purpose Of Money Dictates Where We Invest

Let me say that all of America knows where to find Safety—CDs, money markets, and treasury bonds. All of America knows where to find an opportunity—the stock market. However, many do not know where to find safety, an opportunity for growth, liquidity, and income on the same dollar, at the same time, with no risk [...]

Retirees Should Invest In A Fixed Indexed Annuity 

As people get close to their retirement years, objectives and goals must adjust from accumulation to income distribution, and portfolio investment risk must be also be addressed accordingly. There is no good reason for investors at or near retirement to have stock or bond market risk, especially in the current low-interest-rate environment. So, where can [...]

If You’re Having Trouble Planning For Retirement, Your Brain May Be To Blame

"Life expectancies have dramatically increased in North America and much of the rest of the world. People now have to make critical life choices with a longer future in mind than ever before."- Teresa Kuhn. There's not much retirement advice I can give you that you haven't heard before. Parents, friends, co-workers, financial advisors, and [...]

Should You Have Debt In Retirement?

"In a perfect world, you would enter retirement with your home paid off, $2million in savings, and not a penny in debt. Unfortunately, our world is far from perfect."-Donna McElroy Most financial planners urge their clients to eliminate as much debt as possible before they retire. While this is indeed a sensible approach to avoid [...]

It’s Alright To Dislike Annuities, But You May Already Own One.

In my years as a retirement and income specialist, I have run across more than one person who claims they hate annuities. More often than not, this position is based more on what one of their relatives told them or what they heard from Dave or Suzy on television than on a genuine understanding of [...]

By |2021-06-24T22:53:45+00:00June 24th, 2021|Annuities, Estate Planning, Retirement Planning|

The Glidepath And Systematic Withdrawal Theory: Do They Still Apply In Today’s Interest Rate Environment?

William Bengen is considered the father of the systematic withdrawal theory. Bengen, in his extensive research, tested hundreds of portfolios to create a standard portfolio withdrawal rate that would survive portfolio failure. His research concluded that a 4% percent withdrawal rate was safe. He dubbed it the SAFEMAX rate. It also supported the assumption that a well-funded [...]

By |2021-06-07T18:35:41+00:00June 7th, 2021|Annuities, Estate Planning, Retirement Planning|

What Do You Do When Your 401k/IRA Balance Hits Zero?

Most people over 50 years old are aware of the penalty for withdrawing money from their retirement plans (401k or IRA) before age 59 ½. By doing so, the IRS would levy a 10% penalty for early withdrawal against the account holder. However, many of these same retirees and pre-retirees are unaware that at age [...]

Are You Prepared If You Are Forced To Retire Early

"Since the pandemic was first declared, over 2 million older workers have exited the workforce for good. But, unfortunately, this is not always by choice."- John Ripley Forced early retirement is a problem for the entire nation. In the period after the COVID-19 pandemic was declared a national emergency, thousands of older Americans find themselves [...]

By |2021-06-04T18:04:29+00:00June 4th, 2021|Annuities, Estate Planning, Insurance, Retirement Planning|