Retirement

Why Retirement Portfolio Design Should Be Flexible

There is one predominant reason why retirement portfolio design must be approached differently today than in previous years: There is an infant alive in this world, right now, who is expected to reach age 200. That’s the prediction from demographers researching life expectancy trends, according to Olivia Mitchell, a business economics and public policy professor…

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Who is Caring for Our Elderly?

The “elderly” portion of retirement is the phase that is past travel, golf, shopping, piggyback rides and puzzles on the floor with the grandkids. It can often consist of isolation, loneliness and boredom — possibly compounded by the inability to drive, take a walk or even hear loved ones talk on the phone. Many continue…

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The Growing Popularity Of Annuities

Annuities are nothing new; in fact, they’ve been around since Roman times, and maybe even before that. But they’re seeing a modern-day surge in popularity, fueled by pre-retirees and retirees concerned about stock market volatility and outliving their retirement income. The fixed annuity market experienced significant growth between 2017 and 2018, with a 25 percent…

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Why Buy An Annuity When The Market Is Up

Annuity

Perhaps you are familiar with an annuity. The basic premise is that you convert a lump sum of money into a stream of income. Unlike an investment, once you commit a fixed amount of money to the insurance company, that company is contractually obligated to provide you a minimum level of income with the option…

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Assessing your Mortgage Situation in Retirement

When it comes to retirement preparation, a common benchmark goal is having one’s mortgage paid off. This typically removes a large, ongoing payment from the budget and can reduce retirement expenses substantially. Some people even schedule their retirement just after their final payment date. Here’s an even better idea: Schedule your retirement date six months…

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The Happiest Retirees Have Guaranteed Income

Can money buy happiness? For retirees, survey says: Yes. Research has found that the two greatest contributing factors to a happy retirement are: (1) being surrounded by family and friends and, (2) having a substantial, guaranteed, lifelong income stream. Since the number one concern among retirees is outliving their assets, it stands to reason that…

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Retirement: Savings And Financial Health

As many baby boomers near retirement, some new facts are coming into focus. According to the latest Government Accountability Office (GAO) report on retirement security, 29 percent of households aged 55 and older have no savings set aside for retirement and no pension. If that doesn’t change, they’ll be relying solely on Social Security during…

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Retirement Planning Challenge

In 1985, only 10 percent of people aged 65 and older were either in the workforce or job hunting. Today, that share has doubled, for a couple of reasons. First, fewer 65-year-olds have enough money to retire. Second, the number of people in this demographic with a college degree has more than doubled (53 percent…

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Cost Of Medical Services And Health Insurance In The United States

The growing cost of medical services and health insurance in the United States is a problem that is not isolated to a single demographic. Many people are impacted. The latest surveys of American businesses report that health insurance and benefits are one of their greatest expenses, second only to employee payroll. Companies used to subsidize…

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Health Care Roundup

By now, most of us know to check with our health insurance company to make sure our physician or specialist referral is covered by our health care plan and within the covered network. But what if you’re unconscious or in some other medical emergency? Say, for instance, you need to be airlifted to a medical…

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