The five years before you retire and the next five after retirement are among the most important and vulnerable for a retiree’s savings. The reasoning is that, as you approach retirement, there are far fewer years left to correct or recover from a mistake. The consequence of a misstep during this time can affect your quality of life in retirement, and the likelihood that you’ll have enough to last the rest of your lifetime. If retirement is fast approaching for you, or even already here, you want to make sure you have everything figured out. Reach out to us, we

We frequently receive inquiries regarding who the beneficiaries should be for the financial products we recommend. And, if the division among multiple beneficiaries should be equal. This brings up an interesting point.  When making this decision, people sometimes place descriptions on their offspring that relate to their current needs or proclivities. What we sometimes forget to think about is that time often changes people and their circumstances. Your son or daughter that is currently employed and financially stable may in the future not be. Meanwhile, the one that historically hasn’t been on the same fiscal page as we are may

Have you ever reflected on the fact that frequently, the final years of your full-time career often coincide with your peak income? However, as your earnings increase, so can your expenses. And if you’re not saving at the same rate, it could be difficult to sustain your lifestyle in retirement.  The reason for this is that many individuals who are not yet retired assume they will need less income in retirement, because the ‘expense’ of saving will no longer be there. They neglect to realize that not only will some expenses increase in retirement, for example, healthcare, but so will

Heading into retirement, It is essential to understand your options, and what will work best for you. It is similarly important, however, to understand what won’t work. Are you aware of every factor you need to take into consideration going into retirement? If not, your current strategy may not be successful. You can reach out to us to learn more about this.  Read this Washington Post article to learn more about factors that could get in your way.

Clients are coming to us more and more frequently with questions regarding this retirement situation: Let’s say one of a couple retires, and the other continues to work. This often presents a need for rebalancing in order to better ensure that the remaining spouse is sufficiently taken care of. Call us if you are in this situation. We may have ideas you haven’t been presented with.

We often mention in passing that life expectancy shows that women typically live longer than men. What does that mean to you? Well, you should think about the impact it could have on your retirement savings. When one individual passes before another, but both are using the same retirement savings pool of funds, a gap is created. The individual who lived longer must then consider the impact of their reduced savings. Sometimes, you can fill in that gap by carefully deciding who owns what and who the beneficiary is to one policy or another. Call us! We can help you

We thought to share with you our thoughts about the growing number of people who are looking to purchase a financial product that incorporates a guarantee on some or all of their retirement income. In the current climate, against a backdrop of rising inflation and a cost-of-living crisis, the benefits and value of a secure income to consumers are very attractive. Call us if you would like to learn about attractive choices that are new, and will not always be available. We’re always here to help.