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Retirement Planning Blog

on 15 February, 2018

 retirement income planning for couples

Over the years, you and your spouse have probably had many wonderful conversations about your retirement dreams. Maybe you talked about traveling to exotic destinations. Maybe you have always wanted to move closer to the grandkids. Or you might have dreamed of taking up those elusive hobbies neither of you had quite the time to pursue.

Of course, there are many things to discuss for retirement so you can prepare for a retirement lifestyle that you both find meaningful. One thing you may not have discussed, or agreed on, is how to harmonize your grand plans with your retirement income plan. Because not only will you need money to fund that retirement wish list… You will still need income to support your everyday needs, not to mention healthcare and other potentially costly unknowns.

What will those needs be? That seems to be where the disagreement begins. According to a Fidelity Investments Couples Retirement Study, almost half of the couples surveyed (47 percent) disagreed on how much they needed to save to maintain their current lifestyle in retirement.

One reason may be the small percentage of couples who have taken time to develop a detailed retirement income plan… just 21 percent, according to Fidelity.

on 13 February, 2018

retirement mistakes high net worth investors part 2

Editor's Note: This is Part 2 of a two-part series on common retirement planning mistakes made by high net-worth investors and households. For more information on the retirement and financial challenges awaiting today's investors, request your personalized copy of The New Retirement Report. This resource spells out many of the risks awaiting you in retirement and potential solutions to address them.

In the first half of this two-part series we addressed key mistakes that can drain your wealth in retirement. From the high-ticket expenses of long-term care and healthcare to unaddressed asset protection or liability issues, there are many potential missteps. Here are a few more retirement mistakes to avoid.

Review them with your retirement planning professional or advisor to ensure your plan has strategies to address, or even avoid, these possible financial mishaps.

on 12 February, 2018

 recent market volatility sign of things to come

There is no doubt that individual investors were hit hard by the financial crisis. Several months of double-digit negative stock market returns almost halved investor portfolio values from April 2008 to March 2009, according to Netspar (the Network for Studies on Pension, Aging, and Retirement).

If you think losing a significant proportion of your nest egg sounds like a life event that would color future money choices, you might be surprised by a November 2017 survey.

When Hartford Funds asked people about the lasting impact of the market meltdown and the ensuing “Great Recession,” 40 percent of them said the financial crisis of 2008 has had no lasting impact on their life. A higher number though, 42 percent, said they now avoid the market. And 46 percent of respondents said they have adjusted their spending and savings habits in the aftermath. 

Interestingly, people have made investment and lifestyle changes in the wake of that momentous market downturn—including avoiding the market all together—yet the perception of its impact has faded for many. “Americans are forgetting what it felt like during those challenging times of 2008-11,” according to a Hartford Funds executive.

on 08 February, 2018

retirement mistakes by high net worth households

Editor's Note: This is Part 1 of a two-part series on common retirement planning mistakes made by high net-worth investors and households. For more information on the retirement and financial challenges awaiting today's investors, please consider a review of The New Retirement Report. Many investors have found this resource useful for planning out for their financial futures.

With even more on the line than traditional retirees, high net-worth households need to be cautious of several all-too-common retirement mistakes that can cause a reversal of fortune.

Review these threats with your retirement planning professional or advisor to ensure your plan has strategies to address—and avoid—these potentially costly pitfalls.

in Annuity
on 07 February, 2018

 impact of market slides on variable annuity investors

U.S. equity markets have taken investors on a wild roller-coaster ride over the last several days. Equities started free-falling after U.S. wage data released on Friday, Feb. 2, showed positive results. While economic news continues to be good, it raises the specter that the Fed will raise interest rates to ward off inflation. 

Higher interest rates would result in higher borrowing costs for companies and businesses. Not only that, it would become more expensive for consumers to buy cars and homes. 

It turned out that Friday’s drop was just the tipping point. The stock market went on a wild ride again on Monday, with the Dow Jones Industrial Average closing down 1,175 points. This represented the worst point drop in history. And at one point Monday afternoon, the Dow was down 1,579 points, which was the largest intraday point drop in the history of the index.

If all this market anxiety had you reaching for the Dramamine, you aren't alone. Most people are invested in the market in one way or another. So, many households felt the sting, and it has only slightly abated as the market has begun to recover some of its losses.

on 05 February, 2018

social security medicare filing deadlines importance

If you think choosing when to start claiming Social Security benefits can be confusing, you’re right. But did you know there is even more to consider when deciding when to start collecting those benefits?

If you are approaching or planning for retirement, you need a Medicare enrollment strategy that synchronizes with your Social Security claiming strategy in order to:

  • Reduce your risk of losing benefits,
  • Prevent you from incurring penalties, and
  • Maximize your benefits from both programs for the rest of your life.


Medicare and Social Security are programs that "talk to each other." Missed deadlines or poorly-timed benefit claims could mean as much as thousands of dollars of lost income. 

What we don't know can hurt us. So, here's a quick look at why you must verify deadlines and information for each program so everything is done right.

on 01 February, 2018

social security break even point age

When you begin claiming your Social Security benefits is one of the most important decisions you will make. Knowing when to start your benefits—and when not to—could mean thousands of more dollars to you, and your surviving spouse, when you could use the income the most.

But with so many claiming possibilities, when is the right time? 

You probably have heard arguments for claiming early and waiting. That being said, it pays off to understand the break-even ages for Social Security benefits, their impact, and how different claiming ages may compare.

on 30 January, 2018

 life insurance for seniors

Millions of Americans depend on life insurance for financial protection, not to mention for many other reasons. But as people get older, insurance coverage may seem out of reach. Many seniors think they don’t have good life insurance options due to age or health.  

Even if you are in your golden years or not quite there, the good news is you do have choices. For example, there are some life insurance policies that may be bought up till age 90. That isn't the most frequent age to get life insurance for seniors, but it's helpful to know there are options for just about any life-stage. Some insurance options might also be available for those who may not be in the best health.

on 29 January, 2018

 government shutdown over bond risks loom

Everyone breathed a sigh of relief when the government shutdown ended this month. As InvestmentNews noted, bond yields are in flux, and the shutdown could have made things worse.

But while that ship has sailed, other risks still loom on the horizon. Industry analysts point to changing rates overseas, inflation, and predicted Fed rate hikes at home as potential bond market movers. A report from Deutsche Bank lists them, among other concerns, as 30 market risks to watch in 2018. And what's at the top of that report list? "U.S. inflation moving higher in 2018 Q2."

on 23 January, 2018

more americans reaching retirement savings next steps

If you are among the growing numbers of Americans reaching their retirement savings goals, congratulations!

According to the Center for Retirement Research, 50% of working-age Americans report they could maintain their pre-retirement standard of living in retirement, as measured by the Center’s National Retirement Risk Index. This is a 2% improvement over the center’s previous measure of retirement readiness in 2013.

Thanks to rising home values and stock market all-time highs, the account balances of employer and individual retirement savings plans are flush. So, now that your retirement savings goal is achieved, what should you do next to enjoy the retirement you have worked hard for over many years?

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