Since many of todayâs financial advisors got into the business in the 1980s and 90s, during the best stock market in U.S. history, most have become stock market specialists. Frankly, if they do fixed income, itâs usually an afterthought, and most will simply take the easy way out and invest their clientsâ money in bond…
Nothing exists in a vacuum, meaning that even if youâve determined the best time and method of taking your Social Security benefits based on your age, objectives, and lifelong earnings, it wonât matter unless you properly coordinate your benefits with your overall retirement income plan. Most people agree that Social Security is not enough to…
There is an ideal order in which to pull from retirement accounts when taking IRS Required Minimum Distributions (RMD). The goals, which often go unheeded, are to help minimize taxes, try to minimize taking principal, and earn as much as possible. These goals are easy enough to understand, but there are many factors to consider.…
You try to protect your car, home, and your health with insurance, but are you trying to protect your retirement income? With the potential for tax-deferred growth and a guaranteed income stream, annuities can be important in helping meet your retirement objectives.
Not all financial advisors are created equal. Many say they specialize in retirement planning, but only a select few have the tools or training required to make them a true retirement âIncome Specialist.â How can you tell whether your advisor falls into this elite category? Here are 10 signs to help you identify a true…
Most of us look forward to retirement, imagining that weâll get to relax and enjoy activities we havenât had time for such as traveling, reading, and exercising. However, as pre-retirees transition into full retirement, many donât realize they are crossing the threshold into an entirely new way of living, one in which theyâre increasingly vulnerable…
Americans are notorious for overspending when the holiday season rolls around, and while that may be good for the economy in the short-term, it often ends up being bad for household budgets. Ultimately, though, overindulging a bit on spending during the holidays doesnât need to create hardships as long as you know your broader financial…
The loss of a parent is difficult enough, but it can be made worse when grief is compounded by worry and confusion over the prospect of dealing with their financial affairs. A recent study from the National Center for Health Statistics suggests: âą Over 30% of retired Americans need assistance in managing their finances and…
President Trump signed The SECURE Act into law on December 20, 2019âwith many of its new provisions taking effect January 1, 2020. The SECURE Act, which stand for âSetting Every Community Up for Retirement Enhancementâ, is intended to strengthen retirement security across the country. Although the changes bring much-needed updates that could be beneficial to…
Few inventions in recorded history have revolutionized the way we live like the Internet. It has changed the way we communicate and has made thousands of previously slow, complex processes faster and more efficient. Yet, in the course of solving old problems, the Internetâlike any inventionâhas also created new ones. Among the biggest of those…
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