retirement planning today

Financial Planning Today

This week I thought to refer you to an article that begins with the simple but universal statement “Retirement planning is a multistep process that evolves over time.” The reason I like this statement is that it relates to each of us, regardless of our age. Whether you are at the beginning stages of thinking about your retirement goals and how long you have to meet them, or you are about to begin to withdraw from your savings, planning is needed every step of the way. Call the office if you’d like to review your plan, I may have some

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women and retirement

Women and Retirement

“At a time when COVID-19 is generating massive financial uncertainty for individuals, companies, and societies, an important new report from Bank of America examines the unique saving and investing challenges facing women. It marks the launch of a new research series that applies a gender lens to financial behaviors.” Call us if you would like to discuss the financial behaviors that you have become comfortable with, but which may perhaps no longer create the best savings strategy for you. We have some ideas that may be of interest to you. READ FULL ARTICLE

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Civil Service

Federal Question

If you are a Federal civil servant employee and contemplating putting in your retirement papers this year, you may want to verify what your lifetime benefits will be, and how they are calculated. It isn’t just a question of age, which is how most of us think about retirement, it is a question of your years on the job. Take a look at this week’s article, it may help you to have a better understanding of what your financial situation will look like in retirement. Call us if you have any questions or to discuss ways you can supplement the

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financial terms

Help with financial terms

Have you ever found yourself in the middle of a conversation with a financial professional and realized you have no understanding of the meaning of the words he is using? We try to keep things simple around our office and go to great lengths to make sure that you understand what we are speaking about, but that doesn’t mean that others you may be dealing with in the financial community do the same. So I thought to share with you a dictionary of terms that you can keep on hand should you ever need them. (Thank you to the Insured

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retirement calculators

Calculators and Calculations!

This is the time year when clients begin to ask if they are on track for retirement. There are so many factors that go into answering that question, we thought to share with you several customizable calculators that will allow you to run different scenarios and discover how small adjustments could make a big difference for your retirement future. Let us know if you have any questions when you’re done using them. We may have some suggestions for how to tweak some of your planning or where to put some of your savings that will help you come up with

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outliving your retirement

The Stanford Longevity Project Looks at Annuities

This week’s article references a topic we have been reflecting on over the past few months and that is the understanding that “retirees face a number of challenges to their financial security, including living longer and facing the danger of depleting their savings too soon. The pandemic has further threatened retirement nest eggs, as a growing number of people have needed to take Social Security benefits early, before full retirement age, thus reducing those payments in the long run.” You may be interested in a study by Principal Financial Group in conjunction with the Stanford Longevity Project that discusses these

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plan ahead leave a legacy for your family

Plan Ahead

When we speak about retirement savings, we often talk about products that can provide an income stream you can’t outlive. But, what happens to your money after your lifetime? If you plan on leaving some of your retirement savings to loved ones, we have some ideas that may help. For example, you may be able to leave money to beneficiaries without tax implications. In addition, you may want to consider how the SECURE Act could impact your goals. If you have questions about how to best leave your legacy, call us. We’re here to help

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increase your portfolio

Improving Your Portfolio Return Without Increasing Risk

This week’s article tells us that retirement planning needs to change in this new year and that “it may be time to revisit traditional approaches to retirement planning. The pandemic and near-zero interest rates dramatically changed the environment”. The article continues by focusing on the goals of delaying claiming social security benefits, improving portfolio return without taking on more risk, and improving portfolio longevity. So the question is, how do you accomplish these goals? Call us if you’d like to talk about ideas we have that may help do this. We’re always here to help. READ FULL ARTICLE

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start the new year off right

Start off the new year right

“Figuring out how much money you need to retire is like one of those word problems from high school that still haunts you.” This week’s article tells us that “The retirement equation isn’t unsolvable, but it’s not a precise calculation, either. You’ll need to revisit your retirement formula once or twice a year to make sure it’s on track, and be prepared to make adjustments if it isn’t. Weigh these four factors to get a better handle on how much money you will need to retire”. The beginning of a new year may be a good time to revisit your

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Holiday Stress

Holidays and Financial Stress

Did you know that according to one 2019 survey roughly 48 million Americans were still paying off 2018’s holiday debt by the 2019 holiday season? Therefore, it shouldn’t be surprising that a more recent survey conducted this year by Goldman Sachs found that 50 percent of Americans think gift-buying is the most financially stressful event throughout the year. Perhaps now is the time to make a change. In fact, another survey conducted by Experian “found that 84 percent of people were motivated to improve their finances during the last holiday season.” We’re here to help you do that. Call us,

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