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“Darn, My House Didn’t Burn Down”

That is the attitude that we get sometimes from people who complain that their investment portfolio is conservatively invested when the market goes up. This Fear of Missing Out (FOMO for short) is another version of greed. Our #1 rule in preparing a client’s portfolio for retirement distribution is to ... Read More
 

We Always Knew Women Are Better Than Men

Women are a lot less confident than men when it comes to retirement investing, but are in fact better investors than men. Among college-educated, not-yet-retired men with self-directed retirement accounts, such as 401(k)s and IRAs, 60 percent say they’re comfortable in managing their investments, according to a Federal Reserve survey ... Read More
 

How to Prepare for Retirement Without Freaking Out

People worry about retirement because it’s a great unknown. It’s like walking down a lighted hallway and turning into a dark room. You’ve never been there so it’s scary. That’s normal. Want to prepare for retirement without freaking out? You need a total retirement plan. Having a plan for anything ... Read More
 

Warning: Health Care Costs in Retirement Are a Trap

Here are some frightening statistics about the impact of health care costs in retirement and their relationship to Social Security benefits: The average 70-year old couple will spend $14,554 on out-of-pocket health care costs in 2017. This assumes no extreme illnesses. It will take approximately 40% of this couple’s Social ... Read More
 

Jim Croce Song and Retirement Planning

Jim Croce was an American singer/songwriter of the 1960’s and 1970’s. He wrote and sang a number of popular songs including “Bad, Bad Leroy Brown” and “I’ll Have to Say I Love You in a Song.”  One of his other big hits is the point of this blog post, “Time ... Read More
 

Top Five Pre-Retirement Worries

The Society of Actuaries conducts a retirement risks survey every other year with Americans who have retired and those who are not yet retired. According to their latest survey from 2015 (published in 2016), pre-retirees worry most about: Not having enough money to pay for a long stay in a ... Read More
 

Retirement Date May Not Be Up to You

In the recent EBRI Retirement Confidence Study, a large percentage of retirees reported leaving the workforce earlier than planned (48% in 2017). Many retirees who retired earlier than planned cite hardships for leaving the workforce when they did, including health problems or disability, changes at their company, such as downsizing ... Read More
 

Most Have Not Figured Out How Much Is Enough For Retirement

According to the latest EBRI Retirement Confidence Study, just 4 in 10 workers report they and/or their spouse have ever tried to calculate how much money they will need to have saved so that they can live comfortably in retirement And not surprisingly, those that have tried to calculate how ... Read More
 

Update on DOL Fiduciary Rule

Two lawsuits aimed at overturning the Department of Labor (DOL) rule that requires financial advisors who provide advice on retirement plans (including IRAs) to act as fiduciaries have met with early defeat. A third lawsuit was heard last month and the judge in that case promised a decision quickly. To ... Read More