Joanne Reilly
Breaking Down 5 Common Retirement Myths
When planning for retirement, it’s important to have the right information. And it’s important to be able to discern fact from myth. Here are five common myths dispelled: Myth #1: I don’t need to revisit my withdrawal rate Planning a retirement income stream to last several decades can be challenging. Historically, a rule of thumb has been that a p...Read More
Social Security: 6 Commonly Asked Questions
Social Security income is an important discussion to have with your financial advisor before you stop working. Below are commonly asked questions and answers to help you prepare for the conversation. 1. When should I collect Social Security benefits? The answer is different for every individual, as it depends on several personal factors. Her...Read More
Your Retirement Income – 5 Factors To Know
Financial decisions may impact your income and taxes at certain retirement milestones. A key milestone is the window between your retirement date and the year you begin taking required minimum distributions (RMDs). Strategic planning for this window may extend your retirement dollars, so continued support from your financial advisor is essen...Read More
5 Common Retirement Myths That Need Dispelling
Here are some insights to help dispel five persistent myths about retirement. Myth #1: I don’t need to revisit my withdrawal rate Planning how you will create a retirement income stream can be challenging. Historically, a rule of thumb has been that a properly diversified portfolio can last 30 years given withdrawals of 4% or less and increased ann...Read More
Financial Benefits of Working after Retirement
Given retirement can last several decades, many retirees continue working to some degree. Whether by choice or necessity, working after retirement provides you with financial benefits. If you don’t have a financial advisor, this may be a good time to seriously consider getting one. Here are a few considerations to discuss with your financial advis...Read More
5 Ways Tech Is Changing Retirement
There was a time when growing older meant relying on family or hired help to assist with health, cognitive and financial issues. While we may not be leading fully automated lives like the characters in futuristic movies and sci-fi novels, new technological advances are allowing many people to live independently for much longer. Whether you want to ...Read More
Fraud Happens. To US. Here’s What to Watch For…
Seniors lose $36.4 billion each year to financial abuse — $16.8 billion of which comes from deceptive investing tactics designed specifically to take advantage of older Americans.¹ Also known as “financial exploitation,” this type of investment fraud is defined by the use of misleading language to obtain account information and permission to access...Read More
Investor Lessons from COVID-19
Key Points Recent volatility exemplifies the value of diversification and a personalized, long-term investment strategy. It’s important to put the COVID-19 (coronavirus) outbreak and near-term financial implications into perspective. Consider with your advisor how proven solutions such as dollar-cost averaging benefit you across a range of market c...Read More
5 Financial Tips for Women
According to AARP, only 39% of women are confident they will have enough resources to live comfortably 25 years into retirement, compared to 54% of men.1 Women often juggle multiple responsibilities, which can make it challenging to plan for their financial future. At home, they may balance care for both kids and/or aging parents. Professionally, w...Read More
Stock Market Performance During and After Bear Markets
When stocks move into a bear market — defined as falling at least 20% or more from 52-week highs — they have recovered over time. As the below table of the S&P 500® Index illustrates from 1950 to present day, when the selling pressure finally hits a bottom, stocks have a strong track record of bouncing back over the next three, six and 1...Read More
Reduce Your Health Care Costs: 6 Great Tips!
Key Points Medical costs typically go up as you age and can account for a large portion of your overall expenses in retirement. There are many health-care related expenses that are not covered by Medicare or Medicaid. Your health and wealth can be closely tied – especially when it comes to planning for retirement. The actions you take...Read More
Before You File: 4 Changes to 2019 Taxes
The Internal Revenue Service adjusted several tax provisions for 2019, including some that could impact how you file and choose to save for retirement. Here are the facts you should know before you file your 2019 taxes. 1. Taxable income bracket amounts have increased The income limits for each tax bracket have increased for 2019. The tax rates are...Read More