Retirement Plans: Crucial Conversations

Have you discussed your retirement plans with your spouse, partner, parents, children or friends? Your retirement will have an impact on them, and importantly, they will have a profound effect on your retirement. Yet, a surprisingly small percentage of us have had timely and helpful conversations that could be crucial to our future retirement success. […]

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Topics: Advice, Retirement

Avoiding a Long-Term Care Crisis: Planning Is the Only Cure

Long-term care may soon overtake Social Security and Medicare as our country’s most pressing social challenge. With an enormous and rapidly aging baby boom population and the rising cost of delivering healthcare, long-term care looks like a national crisis in the making. However, it need not be a personal crisis. With forethought and careful financial […]

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Topics: Advice, Retirement

Enticing Retirement Plan Participants to Save

As an advisor to company-sponsored retirement plans, I meet on a regular basis with participants of those plans. When I first started working in this area, I was surprised to find a wide variety in the level of understanding participants had about their plan and the education they had received from their prior experiences with […]

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Topics: Retirement

Estate Planning Includes Preparing Your Heirs

Prepare your assets for transition to your heirs, but also prepare your heirs to receive your assets. Larry Swedroe explains why the success of an estate plan may depend on preparing families for the transfer of values as well as wealth. Find it on AdvisorPerspectives.com. By clicking on any of the links, you acknowledge that […]

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Topics: Retirement

What Does It Mean to Be a Fiduciary to Your Employees?

Being the fiduciary of a retirement plan for your employees is a huge responsibility. A desire to take care of loyal employees in retirement and the need to attract good candidates in the future are some of the underlying reasons to assume such an obligation. Unsurprisingly, education is important for both the fiduciary retirement plan […]

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Topics: Advice, Retirement

Investment Horizons During Retirement

Life is all about balance. You want to enjoy life along the way, but it’s also vital to set aside resources for days that lie ahead. Successful retirement planning means planning for the expected and the unexpected. Plan for potential early retirement There are many reasons why you might retire earlier than you originally planned. […]

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Topics: Advice, Retirement

Understanding Medicare Options and Late Enrollment Penalties

Overview: Enrolling in Medicare can be overwhelming. The following looks at enrollment periods for different coverage options. Medicare health insurance is a dense topic. Each of the various options have specific coverage and enrollment periods. To select the best coverage for you, it helps to have a better understanding of the program. This knowledge can […]

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Topics: Advice, Retirement

No Free Lunch and No Free 401(k) Plans

Most of us understand that if somebody else picks up the check for lunch, there is probably a catch. The old adage about there being no such thing as a “free lunch” is true more often than not. Hopefully, though, the offset isn’t worth more than the cost of the meal. When it comes to […]

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Topics: Advice, Investing, Retirement

10 Things You Absolutely Need to Know About Life Insurance

  Life insurance is one of the pillars of personal finance, deserving of consideration by every household. I’d even go so far as to say it’s vital for most. Yet, despite its nearly universal applicability, there remains a great deal of confusion, and even skepticism, regarding life insurance. Perhaps this is due to life insurance’s […]

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Topics: Advice, Retirement