Retirement Insights
How Did Investors Survive the 1980s?
The following is an excerpt from our ebook, “Investing Through the Decades,” which you can download by clicking here. Throughout history, when bad news and events touched the daily lives of investors and caused nest eggs to shrink, it’s been natural to ask, “Is this the end of investing as we know it? Have new…
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Does Your Retirement Plan Account For Your Own Cognitive Decline?
When it comes to financial planning, Vanguard’s “Alpha” and Morningstar’s “Gamma” are really just the tip of the iceberg. For instance, neither study considered how to incorporate home equity into a retirement income plan. We could consider the naïve strategy to be the conventional wisdom of considering a reverse mortgage only as a last resort option in retirement. If you read…
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Understanding the Tools in Your Retirement Income Toolbox
You should be familiar with all the tools in your retirement income toolbox. Retirement plans can be built to manage varying risks by strategically combining the following retirement income tools in different ways. Total Return Investment Portfolios Making systematic withdrawals from a well-diversified investment portfolio is a common way to obtain retirement income. Systematic withdrawals…
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Should I Stay or Should I Go? Housing Decisions in Retirement
A plan to meet housing needs is an important part of a retirement income strategy. A home provides an emotional anchor, providing daily comfort and shelter, memories, and nearness to friends and community. Homes are also a major source of wealth for retirees and near-retirees. Home equity provides between 45 and 75% of median household…
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The Continuum of Long-Term Care
As we age, the question of where and how we will receive long-term care becomes increasingly significant. While many envision institutionalized living as the inevitable solution, the landscape of care options has expanded significantly, allowing individuals to receive care in more familiar and comfortable environments. With proper planning, it is often possible to remain at…
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The Importance of Planning for Long-Term Care
A well-designed retirement plan must cover predictable spending and include provisions for unexpected contingencies that may arise during a long retirement. One of the most severe and unpredictable expenses retirees may face is long-term care (LTC). This encompasses a broad range of services addressing physical, mental, social, and medical needs that arise from significant physical…
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Retirement Income Strategies with Annuities
Originally published in Forbes. Income annuities come in a variety of shapes and sizes. Knowing which makes the most sense for your situation can be overwhelming. In this article, I will explore how income annuities work and what options are available. When do income payments start? Annuities can be either immediate or deferred. An…
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Which Is Better for Retirement Income: Insurance or Investments?
Retirement income planning has emerged as a distinct field in the financial services profession. But because it is still relatively new, the best approach for building a retirement income plan remains elusive. There are two fundamentally different philosophies for retirement income planning, which I call probability-based and safety-first. Those philosophies diverge on the critical issue…
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Risky Business: Why Younger Investors Should Take Risks in Their Portfolio
Millennials began their careers around the 2008-2009 downturn and are understandably gun-shy around stocks. They saw their parents’ losses and want to avoid having the same thing happen to them. As a result, most millennial investors are opting for the security of large cash positions or more conservative portfolios to make sure they don’t experience…
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