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5 Retirement Tips for Couples

Finances can put enormous pressure on a marriage. Perhaps that’s the reason so many couples don’t find the time to discuss money. Many financial planners have shared stories with me about the issues that can result when couples don’t sit down regularly and discuss finances. Those issues can take an entirely new set of problems…

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Biggest Mistakes People Make Getting Ready for Retirement

It’s always good to learn from your mistakes. But, it might be even better to learn from other peoples’ mistakes. With that in mind, let’s talk about some of the big mistakes people make when it comes to preparing for retirement. (We’re going to skip over some of the more obvious ones, like not saving…

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Three Retirement Tips for the New Year

As we get further into the new year, our thoughts need to be on more than just last year’s taxes. We should also be thinking about what we need to do to make our retirement the best it can be – whether we’re already retired or getting ready for the big event. As I say…

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Sep 3, 2015

Fee Analysis

Nathan and Jessica met me at one of our monthly workshops. They are in their early 70s and have been retired for several years now. Although they were happy with their retirement lifestyle; Nathan was skeptical about the amount of fees he was paying his broker. The market had been performing well and he didn’t feel…

Longevity Risk: The Financial Implications of a Long Life

Living longer is a good thing, right? Most people would probably agree with that. Living longer means more time to enjoy all the world has to offer and more time to spend with cherished family and friends. So what is longevity risk all about? The risk portion refers to the economic realities that may come…

Stock Market Risk: Too Much for Retirees to Handle?

I had lunch with my friend Peter recently. He and I are in different places financially and have very different experiences with stock market risk. I think part of that has to do with his corporate job and investing experience over the past four decades, which ultimately may help to ensure him a more financially…

Do Low Interest Rates Pose a Risk to Your Retirement?

Interest rates are at historically low levels. They have been that way for several years while the US Federal Reserve attempts to stimulate economic growth. Sounds ideal, right? Well, what’s good for some isn’t as good for others. Low rates may help a young family looking to buy their first home, but it may hurt…

Jul 28, 2015

Living Benefit Riders for Annuities: A Good Source Of Income Protection For Retirees?

A concern of many retirees and near-retirees is the possibility of not having enough income to last the rest of their lives. The concern is understandable, given increasing life spans and the rising cost of living which exists in many parts of the US. Another hurdle is trying to make assets last as long as…

Figuring Out What Income You Need In Retirement

Rodney Brooks The most recent retirement confidence survey from the Employee Benefits Research Institute (EBRI) in Washington, D.C. says only 21 percent of Americans are now very confident that they will have enough money to live comfortably in retirement. Another 22 percent are somewhat confident.1 And the Transamerica Center for Retirement Research also says only…