Archive for January 2018

How Does Your Spending Compare With Other Retirees?

How Does Your Spending Compare With Other Retirees? No matter how well we plan, it’s not uncommon to get hit with surprises, particularly when it comes to retirement income planning. On average, two-thirds of retiree income is spent on basic living, health and long-term care expenses. According to a recent study by LIMRA Secure Retirement…

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Best Places to Live in Retirement

Many retirees believe the best place to live in retirement is right in their own home. Let’s explore some of the “best places” where that home might be located and what it might look like. It’s worth noting that the retirement experience varies widely. Some people have the money to relocate or buy a second…

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Retirement Conversations: What Do You Do?

We spend a lifetime working, building a career, raising a family, etc. Then we retire, and some unsuspecting acquaintance asks, “What do you do?” It’s a whole new ballgame now. This can be a difficult question for new retirees. Our gut instinct is to identify ourselves by our occupations — “I’m a lawyer,” I’m an…

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Money Saving Tips

Can you afford to retire? Perhaps you’d feel more financially prepared if you worked a few more years. Unfortunately, plenty of people go ahead and retire for the simple reason that they just can’t stand working at their job anymore. If this sounds like your situation, it may be worth considering ways to rectify your…

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Market Thoughts January 6, 2018

Equity markets posted strong gains for the start of 2018. Large-cap, small-cap, international developed, and emerging markets essentially gained 10% of their entire 2017 returns in the first week of 2018.. Jeremy Grantham, co-founder of Grantham Mayo & van Otterloo, penned a noteworthy article this week. He proposed the possibility of a melt-up in the…

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Year-End Tax Tips

As of this writing, Congress is attempting to reform our tax code. While changes are common with every new presidential administration, an initiative so transforming as to be called “tax reform” is quite unusual — the last major tax overhaul happened during the Reagan administration in 1986. According to Fox News, some who may benefit…

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Take a Look at Life Insurance

Middle-aged adults have a plethora of middle-aged financial priorities. It’s hard to even call them priorities because each one is important; it’s just a matter of spreading the money you have across a variety of different needs. In fact, a typical mid-life checking account might include payouts for a mortgage, college tuition, a savings account,…

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Divorce During Retirement

A funny thing happens when you get busy with trying to achieve all the things you want out of life: You lose a few along the way. Unfortunately, some people lose their marriage. However, for those who are truly unhappy and can’t see a way back to blissful partnership, a “gray divorce” isn’t necessarily all…

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Monitoring Insurance Needs Is a Good Policy

Life insurance is something you purchase, then hopefully don’t need to use until many years down the road. But that doesn’t mean you should stop paying attention to it. As you age, it’s important to monitor the policies you own. Some policies may no longer be needed, while others may be needed now more than…

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