"Medicare can be a very complex, confusing subject. Still, it is an essential component of your retirement. A basic grasp of Medicare will help you make better retirement and income decisions."-Bill Duggan If you are nearing 65, you may be thinking about making the best choices concerning Medicare. Since it is a government program, you [...]
"Even before the pandemic, the senior health care marketplace was experiencing rate increases, capacity shortages, and changes in coverage. The pandemic further deepened these trends." As you plan your eventual exit from the workforce, it is likely your retirement and income planner has talked to you about the need for long-term care insurance. Long-term care insurance allows [...]
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 [...]
If you're like most people within 5-7 years of retirement, you're concerned about having your life's savings eaten away by everything from stock market downturns to inflation to increasing taxes. Every day, I get questions from concerned business owners, entrepreneurs, and investors just like you. These are often people with asset portfolios decimated by market [...]
I get asked this question a lot. "What is an Annuity?" Most people I talk to when it comes to retirement planning either do not understand annuities or have heard a bunch of negative press when it comes to annuities. I feel the simplest way to explain what an annuity is and why they play [...]
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 [...]
"Some retirees find they can add 6-8 years to their retirements by moving. But there are lots of things to consider before doing so."-Dana Trenchfield It's common for seniors who want to remain in their hometowns to trade their large homes for smaller, less expensive ones. Most retirees enjoy being in a familiar environment and [...]
While no single financial product can meet the financial needs of every retiree, annuity products have evolved to earn a respectable place in many retirees' portfolios.- Randy Hux One of the easiest to understand products in the financial world is the multi-year guaranteed annuity or MYGA. A MYGA is a fixed-rate insurance product that allows [...]
What Is An "Annuity Laddering" And How Can It Work For You "A desire to preserve cash savings and turn that money into lifetime income is a primary reason some people decide to purchase annuity products. "Laddering" can help these products work even more efficiently."- Jerry Yu It's genuinely shocking when I run across people [...]
Like the elusiveSidewinder Snake, the elusive “Market Sidewinder” buries itself in the sand of financial data we take in, staying calm and waiting for the right opportunity to reach out and bite us. The Sidewinder Snake is unique, able to travel sideways speedily at 18 mph across the sand. His method for getting his next meal [...]
