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
The perfect time for retirement doesn’t exist. This is what we have learned in our almost three decades of financial independence. Things change, and sometimes radically. There simply are no guarantees. From our point of view, a full and rich retirement is still possible for many people right now. Sometimes it takes personal flexibility in ho...Read More
The way that the media portrays our leading entrepreneurs, you’d be inclined to believe that entrepreneurship is only made for the younger generation, willing to eat ramen noodles and couch surf until their startup “makes it”, if it ever does. What you don’t see is the boom in 50+ entrepreneurs entering into the equation. For those dreaming of turn...Read More
You may dream of retiring long before a traditional 60-something retirement age, but be careful about making that leap too soon. If you're not emotionally ready to quit working, you may not be ready to retire.
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
First, let me say Billy and I don’t really use the word “fail.” We believe every situation offers learning opportunities and calling that experience a failure just doesn’t jibe with who we are. In our lives, we want to move forward with the knowledge and wisdom we’ve gained – not benchmark it emotionally by calling it a failure. We read Finan...Read More
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
At some point most people will stop working and begin to transition into our second act. You will have time and freedom of choice to do what you want to. Most people look forward to the day when we don’t have to wake up to the alarm clock and go to work anymore.
Retirement today is not that of a generation ago, we are living longer these days, and retirement is not what it used to be. Today, 60 (and beyond) is the new 50. Retirement is no longer a time to just garden and visit the grandkids, and healthier retirees want to stay engaged and stimulated. According to a recent survey about two-thirds of worker...Read More
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
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
Key Points The IRS estimates that it paid $3.1 billion in fraudulent identity theft refunds in a recent year. Identity thieves can use your information to file fraudulent returns in your name while they pocket the return. Get your personal identification number (PIN) early and keep your paperwork secure to help prevent your personal financial infor...Read More