Contrary to many financial advice, there are times when you may want to continue life insurance coverage as you approach and enter retirement. There can be many reasons to keep life insurance coverage so don’t be too quick to pull the trigger on getting rid of your life insurance as you approach retirement.
There are many common investing myths that can be very costly, leading you to be too conservative, too risky or avoid investing completely. We’d like to steer you away from some of the most common investing misconceptions – better known as traps – that can significantly injure your investment power and financial strength.
With the election in full swing now, regardless of any political antics and personal attacks, what remains beneath the drama the media is reporting are the big issues facing our country. One of the biggest issue is Social Security and what is to become of it. And that is a very big issue, indeed, since it affects us all.
Few things can cause as many problems for your retirement outlook as inflation. You know that when the average inflation rate increases, things get more expensive. But did you know that the types of goods and services used by the elderly are affected more by inflation than the goods and services used by younger people? That means inflation is going to pack a bigger wallop to your retirement savings than you expect to face in your golden years. As a matter of fact, seniors say that the most surprising thing they’ve discovered once in their retirement years is how much everything costs. When they started saving for retirement years ago, they knew that groceries, gas, healthcare and other expenses would […]
If you’re among the many recent college graduates, you’re likely thinking about your future. You may even have a pretty impressive list of things you plan to do, like buying a car, taking a fabulous trip abroad or buying your first house. Your list may include dozens of adventures and treats, as reward for excelling in school and now being done. While rewards may certainly be in order, one of the best things you can do is make the decision to set a strong financial foundation beneath you, a solid place from which to build a successful life. Here are 4 financial tips for college graduates that can make a huge difference in your financial future. Time is your friend […]
Long term care insurance is a particularly important type of insurance. This type of policy is meant to provide for your personal care and wellness when you reach an age or health condition where you need assistance with the basic functions of living.
It would seem that the phrase ‘Comprehensive Financial Planning’ is quite clear and easy to understand, but it’s fascinating to hear the different definitions I get when I ask people what they think comprehensive financial planning is. Answers range from managing investments only to including tax planning and maybe retirement planning.
We’re in an era of The New Retirement, which is a mindset and a necessity, considering the unique factors that face present and future retirement outlooks. It wasn’t that long ago when people worked until age 60, then retired and collected a pension. But the dynamic has changed tremendously in the past 15 years.
You know the importance of strengthening your 401K for your retirement, but what you might not be aware of are the costly mistakes that many people make with their 401Ks. We certainly want to help you avoid short-changing your 401K – if not destroying your 401K altogether, so take a look at what we see as the most common 401K investment mistakes.
As you approach your retirement planning, and as you partner with your financial planner, you’ll discover a number of unexpected demands on your retirement funds. These unwelcome ‘surprises’ are simply realities of life in our modern times, but challenges nonetheless to your financial outlook in your retirement years.