How will the SECURE Act affect YOUR retirement blueprint? “The SECURE Act presents both challenges and opportunities for retirees if they act now…”- Jerry Yu. By Jerry Yu Passed in 2019, the “Setting Every Community Up for Retirement Enhancement” (SECURE) Act revised multiple aspects of retirement accounts and plans. The 29 provisions of [...]
"Some folks chase returns because they think it's the only way to achieve financial success. If you are caught in a cycle of trying to find the elusive "Yieldacorn," it might be time for a shift. “- Sean Sparkman. By Sean Sparkman Suppose you're still in the "accumulation" stage of life, which typically starts [...]
Today's frequent market upheavals could spell trouble for retirees and those about to retire. Increasingly, financial advisors are rethinking the traditional 4% withdrawal model." George Politarhos. By George Politarhos Pandemic lockdown measures, profligate printing, geopolitical unrest, and the inevitable march of history have collided in 2022, making financial planning more challenging than ever. [...]
Is there truly an "ideal" retirement age? "Retiring at age 65 is not, like gravity, an immutable law of the universe." Donna McElroy By Donna McElroy Have you heard... There were three wise men in the Bible? If you drop a penny from a skyscraper, you could kill someone? A pinch of salt in the [...]
"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 [...]
