retirement goals road map

Retirement Road Map

Take the first step to protect yourself. The pandemic has created a lot of unexpected events, has impacted the markets, and has caused each of us to adapt to the changes. Now is a good time to review how your needs may have changed and what you’ll need to adjust in the future. To get started, ask yourself if your retirement goals remain the same or if they’ve changed. Then outline where you are today. Depending on your life stages and retirement goals, you may need to account for additional risks you didn’t need to factor in before. Call us

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Will You Have to Retire Early?

“More than a quarter of all workers say COVID has prompted them to move up their retirement date,” finds a survey released in February, by the National Institute for Retirement Security. One study even suggested that nearly 2 million older workers have left the labor force for good since the start of the pandemic.  The percentage of Americans who won’t be financially secure enough to maintain their pre-retirement standard of living has also increased, from 50% to 55%, according to the Center for Retirement Research. Anxiety about these issues has been heightened by the pandemic. A survey by the National

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How Well Did You Adapt?

We can all agree that the pandemic created many unexpected events in each of our lives, and we’ve all had to figure out how to adapt. That means now is a good time to review how your needs may have changed, and if those changes have impacted the financial goals you previously set for yourself and your family. One way of doing that is to outline what your needs are today, and then decide what you think you need to do to prepare for tomorrow. Depending on your life stage and goals, and how the pandemic has personally impacted your

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The New ‘Life-Is-Short’ Mindset

This week’s article explains how affluent Americans are rushing to retire sooner than they had originally planned due to the new ‘Life-Is-Short’ mindset, a product of the pandemic. Even if we now have the ‘Life-Is-Short’ mindset, Americans are still living longer and will need income during retirement that won’t be outlived. Regardless of whether you think of yourself as affluent or not, there are options that will help you feel more comfortable with your retirement strategies. Call us at 949-955-3755 to talk about which retirement strategies are best for your plan. You have options. Read the full article about Americans

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exercise for seniors

Healthy Mind, Healthy Body

This week’s article reminds us that notwithstanding the trials and tribulations of the pandemic, one thing COVID does to benefits us, is that it demands healthy aging. There have been and will continue to be many wide-reaching implications which include not just direct health impacts; if the pandemic teaches us anything “it’s the importance of maintaining healthier and more vital bodies, especially as we age.” “Active and therefore healthy aging can be powerfully linked to work – keeping our minds active and our bodies healthy.” This may mean a later retirement, or if yours was forced, it may mean closer

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COVID and retirement

What matters is if you are concerned

This week’s article highlights a Harris Poll that showed “workers who have been laid off or had their hours reduced amid the pandemic are particularly concerned about their future.” “70% say they are worried about running out of money in retirement, 61% say they are much more afraid of life in retirement, and 61% say the pandemic took the joy out of looking forward to retirement.” What matters is if you are concerned, not the reason why. Call us to talk about some options that may help you to use what savings you do have to provide an income you

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Are you at Risk for Living Too Long?

Commentary: The title of this week’s article caught my eye because most news articles nowadays are telling us we are at risk of shortening our life because of COVID; but of course the article was talking about longevity risk. What exactly is that? “The old line in retirement goes something like: “My problem is not that I have too little money left at the end of the month, it’s that I have too much month left at the end of the money.” Does that hit home with you? If so, call us. We have some ideas that you may not

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Positive Impact

Today’s article shows us a new survey finding “that 39% of men and 47% of women in the U.S. report they are spending less during the coronavirus pandemic than they did before the crises. And more than half of Americans ages 55 to 64 – those closest to retirement age – say their spending has gone down. Cutting back on spending could translate into a nice savings boost over the long term.” Come talk with us about options for you to keep that savings boost working for you with an income you can’t outlive. We’re always here to help. Click

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Especially Trying

This week’s report from the Brookings Institute authors reflects on the impact of the coronavirus and tells us “As painful as this episode has been for all Americans, it has also been especially trying for older individuals.” If you read any newspaper it is as if we must prepare ourselves not just for the impact COVID may have on us, but also what the markets and economy will look like amidst an upcoming Presidential Election. Call us if you are trying to determine where a safe place may be to put some of your hard earned money. We’re always here

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An all-encompassing view

This week’s article makes a valid point, that “safeguarding financial wellness requires an all-encompassing view of a person. This means considering their tangible assets (including savings and property), but also less tangible assets such as health, skills and career readiness to work longer”. Even before COVID-19 caused us to examine more closely our retirement readiness, we may not have been focusing on the fact that “on average, individuals are outliving their money by between eight and 20 years; women in particular are at the sharp end of this scale, with longer lives and pension savings around 40% lower than men’s.”

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