There is nothing generally inherent in any given year that says it’s a bad or good time to retire. The question that needs to be answered is whether you’re ready financially and emotionally. So, how do you determine if you are ready? Begin by asking yourself if you have estimated your stream of lifetime retirement […]
Is This Year a Good Year To Retire? Read More »
We often think that emotions only impact inter-personal decisions, however making consequential financial decisions in a heightened emotional state also generally isn’t a good idea. Behavioral psychologists have identified a few common biases that can undermine our decision-making skills. While some are rooted in emotion, others are what we think of as mental shortcuts our
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Late in life job loss can be devastating on many fronts. One area we haven’t discussed before is a different use of an annuity you purchased, originally intending to turn on the income stream upon retirement or leave the funds to beneficiaries. Because different annuities offer different benefits, some provide the ability for growth of
Planning for the challenges of aging is one of those situations we are probably inclined not to want to think about, either for ourselves or our extended family. The term “diminished financial capacity” is often bandied about as we age and describes a decline in a person’s ability to manage money and financial assets to
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We wanted to bring to your attention the recent increase in social media scams designed to entice you into fraudulent financial activities. We have probably all received the very real-looking – but fraudulent – emails that seem to come from PayPal, Amazon, Best Buy, and McAfee, which ask for us to contact them or to
It’s crucial for women to plan and take control of their finances just as much as it is for men. When an “if only” happens, if you haven’t prepared, you could be left with fewer choices. No matter if you’re single, married, divorced, or widowed, there are many reasons why women need to be involved
Nearing retirement can be a stressful time as we shift from working to provide an income, to needing our money to work at providing that dependable income. Many people underestimate the financial stress of this major shift and seek ways to lessen it. We may have some suggestions to do that. In addition to products
We’ve been having many conversations about the potential impact of the pending legislation, known as H.R.1, which proposes the elimination of the FERS annuity supplement, a move that could drastically alter the retirement landscape for federal workers. The potential impact on federal retirement benefits has sparked widespread debate and anxiety among those affected. If you
Federal Retirement Read More »
The 2025 Annual Retirement Study from the Allianz Center for the Future of Retirement revealed that nearly two-thirds of Americans worry more about running out of money than about death. Many factors and economic pressures contribute to this fear of running out of money. Most cited either high inflation, social security not providing as much
Which are you more worried about? Read More »
According to a new Gallup survey, which interviewed 1,018 adults across America, the average reported retirement age has increased from age 57, where it was in 1991, to age 66. This trend of working longer and retiring later was attributed to an increased full retirement age for Social Security, a longer average life expectancy, and
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