The Top Qualities Of Debt-Free And Financially Prosperous People

While there is no single quality that guarantees a person will be financially successful, there are some common traits the financially free have in common. I believe that anyone, especially those partnering with a dedicated, trusted financial advisor, can achieve financial freedom, no matter how small or large their salaries. There are tons of stories of people [...]

How To Design And Customize Your Retirement Asset Allocation Framework

The one-size-fits-all approach their advisor may have used during the accumulation phase just won’t work when it’s time to retire.-George Politarhos Generic, templated approaches to financial planning can work for some people during the “accumulation” phase of their financial lives. However, as a person gets within five to seven years of retirement, it becomes obvious [...]

What Is The Sequence Of Returns Risk, And How Can You Manage It When You Retire

"Retirees wanting to generate most of their retirement income from an investment portfolio should be aware of how the order of investment returns could significantly impact the portfolio's value."- Michael Lucey One of the most significant risks seniors face in retirement is their portfolios' potential to experience large negative returns soon after they retire. When [...]

Will Your Retirement Income Go The Distance?

What is the number one worry for retirees? Not having enough money saved to last them in their golden years. Industry expert Tom Hegna has written extensively about this fear in both of his books “Don’t Worry, Retire Happy” and “Paychecks and Paychecks.” He states, “The number one risk retirees must take off the table [...]

By |2020-12-23T21:13:20+00:00December 23rd, 2020|Annuities, Retirement Planning|

Running Out of Money Before You Run Out Of Life

The devastating effects or living too long (the longevity crisis) and not having enough funds to maintain an anticipated quality of retirement is a real concern. LIMRA reports: The average life expectancy for a person who reaches the age of 65 is 83 for males, 86 for females. LIMRA purports that the proper way to interpret these statistics is to assume half of all males who reach age 65 will live past 83 and half of the females who reach that age will live past 86. Half of all couples who reach age 65 will have one partner hit 90.

By |2020-11-24T15:05:08+00:00November 24th, 2020|Annuities, Retirement Planning|

Will A Diverse Retirement Plan Provide Peace Of Mind

"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), [...]

By |2020-11-22T19:03:32+00:00November 22nd, 2020|Retirement Planning|

And They Lived Happily Ever After

"Happily ever after" is typically the ending to a fairy tale. But it's more than that. It's also the way we want to retire. What does it take to have a long and happy retirement? This has been the subject of study by Ph.D.'s in countries around the world. Before I go on, how would [...]

Annuity Payout Options: What You Need to Know

"If you are preparing to purchase an annuity, you will need to decide when you want your stream of periodic payments to begin. The time when the income stream turns on is known as the "annuitization" phase. "- John Ripley There are several ways to receive payments during the annuitization phase of an annuity contract. [...]

Lower Interest Rates Until 2023? Great For Spenders, Bad For Retirement

In September 2020, the Federal Reserve ended its two-day policy meeting by announcing its intention of keeping interest rates at their current all-time lows until 2023. Since 70% of the American economy relies on consumption, the Fed's commitment to low-interest rates is part of an effort to push Americans away from saving and into spending. [...]

What Women Business Owners Can’t Ignore When Planning For Retirement

If you are a woman business owner and don't feel confident in your ability to retire comfortably, you are not alone. A comprehensive survey of women business owners by Transamerica in 2016 revealed that nearly 46% of the respondents said they were concerned that they would not be able to retire comfortably. Perhaps even more [...]