"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 [...]
"Being a "jack of all trades" may not be an ideal qualification for your financial advisor."- George Politarhos Building a financial advisory group consisting of qualified and trusted experts is an effective way to ensure your wealth is maximized and protected. Just as the medical world has specialists trained in the nuances of a particular [...]
It's only been eighteen days since my last article. Still, answers in our financial game of life seem to escape us like a high fly baseball hit so hard and high and seemingly suspended like a cloud, slowly..... Falling down out of the air, changing course as the baseball falls back down and many are [...]
A few years ago, the Secure Retirement Institute developed a model designed to drive home an important but often overlooked fact: Inflation is a real danger to those nearing or in retirement, perhaps the greatest threat of all. The Secure Retirement Model showed what inflation could do to the average Social Security benefit during a [...]
Whether it is the result of poor planning, bad advice or plunging markets, retirement losses can be a deadly poison. Many retirees and pre-retirees have saved enough to win the “retirement game,” but they continue to risk “losing their retirement” by owning risky investments. It is wise for those preparing for retirement or recently retired to set aside enough money in safe places to pay for a guaranteed lifetime income plan. My planning will take you through all the current and future considerations necessary to determine the risk-free amount needed to safeguard your guaranteed retirement income.
If you're like most people, you are somewhat, if not entirely, burned out on the whole coronavirus situation. It's understandable given the tsunami of confusing information directed at us over the past few weeks. However, I advise you not to allow burnout to keep you from taking a closer look at how your finances fared [...]
Through the years, I’ve helped many people plan for retirement. By necessity, many of the conversations revolve around money. How much are your necessary expenses? What are your sources of income? What future costs do you anticipate? Can you afford to stay in your home? What happens when one spouse dies? Do you want to [...]
