We often look for ways to get a solid financial footing during the decade before retirement. For years, we save diligently and carefully follow a long-term strategy. But as retirement approaches, your priorities may shift. When retirement is on the horizon, pre-retirees may start to question the choices they have made. A loss of confidence in your retirement income strategy may cause you to act impulsively, or make emotionally-motivated decisions. Before you make any choices you can’t undo, how about you give us a call? We can help make sure you remain on solid financial footing. We’re always here to

You may have heard the adage “you only live once” as it applies to pursuing opportunities and taking risks. But what does this saying really mean? While we agree that “you only live once”, you could also take it to mean that you should think wisely and avoid mistakes.  Preparing for retirement is not a time to throw caution to the wind, nor to take risks that we can’t correct in our remaining lifetime. Retirement is a time to enjoy yourself, however, it’s also the time when you need to be most cautious.  If you’d like to learn about some

We found an article recently from AARP that might interest you. It referenced a “safety-first” approach, which is something we have always believed in. The idea is to cover all of your essential expenses with guaranteed sources of income, meaning sources like Social Security, pensions, and annuities that pay you an income you can’t outlive.  If you’re married, your essential expenses should cover not only yourself, but also your spouse as well. Call us if you’d like to review your expenses and your sources of income to see if they’re measuring up to what your needs are. We’re always here

Whether you are approaching retirement age or are decades away, you need to be thinking about what the safest place is to keep your money. Too many times retirees are left empty-handed because they put all of their savings into a risky investment, or failed to ensure they had the risk tolerance to absorb market volatility. Call us for some ideas and options you may not have considered. We’re always here to help.

Remember to think about yourself in future terms. Many of us feel little connection to the person we’ll become years from now, and that can lead to shortsighted behavior that can actually hurt us in the long run. It’s certainly food for thought. Are you holding back on retirement savings because you haven’t yet identified with who you will be in retirement? Get in contact with us. We can help you brainstorm about things that can be done to increase your retirement savings, and even provide you with an income you can’t outlive.

There has been an uptick in what regulators call “romance fraud.” This refers to a type of online deception where individuals create fake identities and develop fraudulent romantic or otherwise close relationships with unsuspecting people to exploit money out of them. Studies have been done to try to pinpoint when seniors are most vulnerable: Unsurprisingly, it’s between twelve and twenty-four months after losing a loved one, moving, or becoming less mobile, and therefore less able to get out and about to visit friends.  We all need to pay attention to these situations, especially as society promotes a greater use of

“You can’t have your cake and eat it too.” Perhaps there’s more truth to this saying than we want to admit. This year has been tumultuous, with markets declining and interest rates increasing. Were we all soothsayers, we would be rich beyond our dreams. But we aren’t. And it’s disingenuous to think about the money we could have made when interest rates increase, forgetting what we could have potentially lost if we’d taken more risks.  If we’re honest with ourselves, the idea of “risk vs. reward” necessitates an examination of both sides of that equation. As a senior, you must