"A global recession is all but guaranteed. Now is the perfect opportunity to take steps to blunt the impact." - Jerry Yu Bubbles are bursting everywhere, from real estate to crypto to technology. Many economic analysts say a severe economic downturn, possibly on the order of the Great Depression, is all but inevitable in 2022-23. [...]
"If you're disabled before retirement age, should you retire early or apply for Social Security disability (SSDI)? – Debra May By Debra May Three of four Americans over age 65 have life-impacting medical conditions, including high blood pressure, obesity, arthritis, and other chronic afflictions. These conditions often lead to disabilities. From a legal [...]
"Over 70% of seniors say they feel their retirements are underfunded. This statistic could indicate trouble ahead for an already vulnerable population."- Sean Sparkman Retirement and most other senior issues have become so politicized that it's hard to make more than just token changes to the system. Anything meaningful that helps Americans save more [...]
by Debra May A "sequence of returns risk" or "sequencing risk," is a situation created by a combination in which returns are generated, then withdrawn from a portfolio, particularly in the decumulation (retirement) phase of life. Normally, if you aren’t investing regularly or making systematic withdrawals, the order in which your returns occur has little [...]
Given our current economic situation, inflation risk is a genuine concern for those retiring within a few years. Concerns about inflation are also a typical objection seniors have when considering purchasing an annuity. Many of the more popular annuity products insurers offer only pay a fixed monthly income not adjusted for inflation. For example, [...]
By Donna McElroy Barring potentially unpopular reforms to Social Security and changes to the ways Americans save, most seniors risk running out of money early during their retirement years. There are numerous proposals to expand retirement savings, and some states have implemented automatic-IRA systems for private-sector workers. Still, the politicization of retirement [...]
"You've beaten the odds and managed to save a substantial amount of cash. Congratulations! But now you need to know how to keep taxes from eating it up." Andrew Winnett By Andrew Winnett If you're like most people, you have focused a great deal of time and effort on putting as much [...]
"It doesn't seem as if we learned a thing from the "Great Recession of 2008-09." Teresa Kuhn Authored By Teresa Kuhn, JD, RFC, CSA - TeresaKuhn.com If you're like many of my clients, you probably wonder how much your prosperity and financial security depends on outside forces, people and events you can neither [...]
"Achieving less stressful, more successful retirements means you must find multiple ways to save money. Starting and contributing to an HSA is one way to accomplish this task." –Jerry Yu By Jerry Yu If you enroll in specific high-deductible health plans (HDHP) at work, your employer may offer you the chance to participate [...]
"Buy term and invest the difference" is a piece of financial advice most people would be wise to ignore."- Teresa Kuhn. Authored By Teresa Kuhn, JD, RFC, CSA - TeresaKuhn.com Years after being discredited by most many financial advisors and educators, "buy term and invest the difference," or BTID, is still going strong [...]
Since I work with both middle class and high net worth individuals and business owners, I have observed the actions and traits that set these two groups apart. These are things that anyone, regardless of their education, background, or current financial status, can employ to improve the odds of financial success.
Until a few years ago, my grandmother regularly traveled across the globe to visit her four children, ten grandchildren, and eight great-grandchildren. Thanks to savvy financial planning, she has enjoyed decades of pursuing her interests with no worries about how she'll pay for the fantastic lifestyle she enjoys. Grandma Yu never has a sleepless night wondering if she will run out of money before she passes.
