Month: August 2016

Retirement’s Healthcare Options are Too Many to Weigh on Your Own

Medicare is but one leg of the retirement planning journey An expert who can navigate healthcare’s options and requirements can be highly beneficial to clients transitioning from employer or private healthcare plans to Medicare. Watch the video interview with retirement specialist Rick McCowan. Baby Boomers overly focused on assets as they consider retirement would do well to aggressively plan for the impacts of a rapidly changing healthcare landscape. Accustomed to the relatively straightforward enrollment process of traditional healthcare plans sponsored by insurers and employers, aging workers face a puzzle of options in Medicare that can financially backfire without counsel...

Read More

Consistency is the hallmark of savings success

Slow and steady often wins a successful retirement race No one can replace lost time, and there’s no better time than today to start saving for tomorrow. Disciplined savers can succeed by implementing proven principles through three financial stages. Watch the video interview with retirement specialist David Zofness. It’s open to discussion, but three cultural icons may have been visionaries of the “get rich slow” financial strategy: • Mick Jagger, barely 21 in 1964, and The Rolling Stones sang, “Time Is On My Side” • In 1668, “The Tortoise and the Hare” was published as one of Aesop’s Fables...

Read More

Retirement is not a “Set It and Forget It” Proposition

Retirement plans benefit from regular monitoring and third-party review. Though be undermined by neglect. Annual reviews that include retirement’s big and small-picture aspects allow for tweaks during changing times. Watch the video interview with retirement specialist Brett Underberg. Just as a second opinion is often sought before undertaking an advanced medical procedure, a third-party review of a financial plan can be critical to a sustained and successful retirement. While professional counsel is preferable to a do-it-yourself approach, verification by a yet separate financial professional can help avoid common problems. Moreover, a second set of eyes can be a double-check...

Read More

There Are Basic Approaches to Retirement Can Avoid Many Pitfalls

Retirement Planning is a Deliberate Act of Securing Your Own Future Couples who anxiously plan for retirement often focus on quickly getting what they’ve never had at the expense of the longer term. Resources intended to last a lifetime must allow for factors including not only including income and allocation, but distribution, inflation, longevity and more. Watch the video interview with retirement specialist Jeff Stevens. “Measure twice, cut once,” is an age-old axiom that directly applies to what some financial advisers call “the preferred way” of retirement planning. In short, “the preferred way” maximizes income and considers many factors,...

Read More

Most Retirees Need Lifetime Guaranteed Income

Increased longevity drives the need for lifetime income streams Longer and costlier life spans have retirees seeking reliable sources of income. Astute and patient planning, using retirement financial products like annuities, can be keys to the peace of mind. Watch the video interviews with retirement specialist Bob Lindquist. Having three types of guaranteed lifetime income can help retirees address the costs of longevity and mitigate their fears of asset depletion. Several concepts point to the need for perpetual and worry-free income: • Record life expectancies for females may average near 89 years and married females 93 years. • The...

Read More