Retirement Planning Blog

10 Retirement Risks You Should Plan For – Part 2

10 Retirement Risks You Should Plan For - Part 2

Editor’s Note: This is Part 2 of a two-part series on retirement risks that we should definitely plan for. For more information on retirement money mishaps and how you can enjoy a comfortable retirement lifestyle, you may find helpful answers in The New Retirement Report

In the first half of this series, we discussed 5 of the 10 Retirement Risks you need to plan for. With apologies to the Late Night Show and Late Show, no Top 10 List would be complete with a stop at the halfway point. So, without further ado…. Here are 5 other retirement risks that retired and working-age investors should definitely heed.

As you read through this list, you may want to consider the strategies your plan has to manage these risks. If you are unsure or would like more confidence in your plan, a retirement-knowledgeable financial professional can help you. Their guidance can help identify potential financial gaps, clarify your needs, and solve for those shortcomings. Read More

10 Retirement Risks You Should Plan For – Part 1

10 Retirement Risks You Should Plan For - Part 1

Editor’s Note: This is Part 1 of a two-part series on retirement risks that we should definitely plan for. For more information on potential retirement money mistakes and how you can enjoy a comfortable retirement lifestyle, you may find helpful answers in The New Retirement Report. You can find Part 2 of this series here

Top Ten Lists were a signature of David Letterman’s Late Night and Late Show legacies. Now that he’s 70, if Letterman were to prepare such a list today, it might look something like this: “The Top Ten Retirement Risks I Didn’t See Coming, But Should Have.”

While three decades on TV may give Dave the aplomb to tackle top retirement risks with more leniency, this isn’t the case for everybody. Not everyone can be blasé about what they face as they enter and move through retirement. To help you look ahead—and plan accordingly—we offer these Top Ten Retirement Risks You CAN See Coming. Read More

Retirement Income Planning for Couples

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. Read More

Retirement Mistakes Made by High Net-Worth Households – Part 2

Retirement Mistakes Made by High Net-Worth Households - 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. Read More

Retirement Mistakes Made by High Net-Worth Households

Retirement Mistakes Made 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. Read More

The Impact of Market Slides on Variable Annuity Investors

The 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. Read More

Avoiding the Timing Landmines Hidden in Social Security and Medicare

Avoiding the Timing Landmines Hidden in Social Security and Medicare

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. Read More

Unsure When to Claim? Here are the Break-Even Ages for Social Security Benefits

Unsure When to Claim? Here are the Break-Even Ages for Social Security Benefits

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. Read More

Life Insurance for Seniors

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. Read More

Government Shutdown Ends, But Concerns Loom for Bond Investors

Government Shutdown Ends, But Concerns Loom for Bond Investors

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.” Read More

Next Steps to Consider

  • Start a Conversation About Your Retirement What-Ifs

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    Start a Conversation About Your Retirement What-Ifs

    Already working with someone or thinking about getting help? Ask us about what is on your mind. Learn More

  • What Independent Guidance
    Does for You

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    What Independent Guidance
    Does for You

    See how the crucial differences between independent and captive financial professionals add up. Learn More

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    Just Like You

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    Stories from Others
    Just Like You

    Hear from others who had financial challenges, were looking for answers, and how we helped them find solutions. Learn More

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