Month: September 2016

Abandoned 401(k)s, the Missing Piece of Retirement’s Puzzle

Aspiring retirees may be closer than they think to their retirement dreams. Finding a “lost treasure” and re-deployment through a 401(k) rollover could make all the difference. Careful consideration should go to investment options, timelines and risk tolerance. Nearly unthinkable, thousands of hard-working employees have left behind their 401(k) accounts with past employers, compromising their dreams of retirement. Published figures place asset values at more than $1 trillion, and many financial planners can cite a prospect or client experience that includes an “orphaned” account, as they are known. The cause may have been a cross-country move, neglect or, the...

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Retirement Planning’s Impact to Spouses, Progeny & Charities

Thorough Planning Extends Beyond Both Spouses Excellent financial planning goes beyond accumulation, distribution and preservation to legacy continuation. Tools are available to perpetuate assets’ growth far beyond the life of the originator. Retirees can take satisfaction in creating a legacy for their family and community. Despite the many threats to retirement assets – market volatility, emergencies and depletion, to name a few – retirees may not exhaust their nest egg. Thorough retirement planning includes “family transfer” and considerations that accommodate spouses, children, and charities. The motivation for such provisions is usually a desire to take care of one’s spouse....

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The Retirement Red Zone is the Life’s Financial Danger Zone

Five Years Before and After Retirement Can Make or Break Your Golden Years When retirement begins is nearly as important as the value of retirement’s assets. Sequence of returns is retirement’s #2 risk, right behind the #1 risk longevity. Preparation and realistic expectations about assets may extend their duration and avoid depletion. It’s often said that “timing is everything,” and that’s nowhere more relevant than retirement’s planning before the retirement’s Red Zone. Similar to football’s red zone – the 20-yard distance from the goal line where strategy and execution can result in a score – the five years on...

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Organized Laborers’ Retirement Plans Need Input from Pro Planners

The “Measure Twice, Cut Once” Approach is Universal in Retirement Planning Union workers are eligible for retirement sooner than many workforce sectors. Potentially long retirements and science-based longevity create additional demand on resources. Workers considering retirement are tasked with education and execution of benefits typically handled by administrators. Union workers known for an “early to rise” work ethic would be wise to apply that same urgency to their retirement planning. The reasons are many, but of primary relevance is their relatively young retirement eligibility age, often only 55, and the resulting demands on the resources needed to support increasingly...

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Annuities Answer Many of Retirement’s Uncertainties

Retirement Portfolios Benefit from Annuities’ Predictability Retirees seeking safety beyond Social Security and pensions are increasingly turning to annuities. Advanced age is accompanied by an appreciation for predictability over rates of return. Annuities are multi-dimensional in meeting retirees’ concerns. Uncertainty drives three common and worrisome aspects of retirement planning: How long will life last? How far will the money take us? How will the stock market – so integral in the asset accumulation phase – perform in the distribution phase? Since retirement doesn’t include a crystal ball, investors can enjoy an element of certainty by adding a fixed income...

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