What We Worry About

Retirement Planning A recent survey found that about 50% of couples do not agree on how much money they should have saved by retirement(1). However, new research shows that couples who engage in financial planning together tend to be happier and more successful during retirement. Interestingly, couples that score highly on cognitive interdependence (meaning they…

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Young People: Who Said You Have To Be Wealthy To Invest?

Young adults have weathered difficult times the past two decades: Rioting, violent protest, looting and the COVID Virus. But now they’re witnessing an unprecedented job market, where even those with little to no work experience can dictate their own terms. It’s important that we steer our young adults to good saving and investing habits now,…

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Retirement Withdrawal Strategies

As hard as retirement saving and investing may seem, that’s the easy part. The real challenge is figuring out how to make your accumulated savings last throughout your and your spouse’s retirements. You need a strategy, and it’s best to have that strategy developed before retirement begins. Because life expectancy is longer these days, many…

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Survival of the Fittest

The coronavirus worsened income and wealth disparity in the U.S.(1). However, if you were on a good path for retirement planning and financial stability, chances are you were in the group that came out ahead. According to the latest Retirement Confidence Survey by the Employee Benefit Research Institute (EBRI), a majority of retirees and workers…

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Investment Consolidation Strategies

Throughout investment industry and financial media sources we constantly hear the message that our money should be diversified. By spreading assets throughout a number of different vehicles, we can take advantage of various market opportunities while helping protect them from some investment risks. But how much diversification is too much? And what exactly should it…

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Annuity Insights

The Insured Retirement Institute (IRI) – a trade association for the retirement income industry – advocates annuities as a vehicle that can help provide retirees income, guaranteed by the insurer. The organization has been actively educating and lobbying legislators to expand annuity access as part of employer-sponsored retirement plans (1). Under this scenario, whatever portion…

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Can Money Buy Happiness?

In 2010, a study was published by two Nobel prize-winning economists purporting that people with more money feel better about their lives. However, that held true only up to an annual salary of $75,000 ($90,000 in today’s dollars). Past the $75,000 threshold, people weren’t necessarily any happier. That scenario has apparently changed in the ensuing…

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Social Security benefits: Spouses, Ex-spouses and Surviving Spouses

As you begin the retirement process, it’s important to have a strategic income plan with regard to Social Security benefits. It is particularly important for married couples to consider not only when the primary breadwinner should begin drawing benefits but also how that start date could affect a spouse whose benefit is derived from that…

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Retirement Planning Challenges

In 1985, only 10 percent of people aged 65 and older were either in the workforce of job hunting. Today, that share has doubled, for a couple of reasons. First, fewer 65-year-olds have enough money to retire. Second, the number of people in this demographic with a college degree has more than doubled (53 percent…

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Retirement: Savings and Financial Health

As many baby boomers near retirement, some new facts are coming into focus. According to the latest Government Accountability Office (GOA) report on retirement security, 29 percent of households aged 55 and older have no savings set aside for retirement and no pension. If that doesn’t change, they’ll be relying solely on Social Security during…

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