Couples usually don’t retire at the same time when they have an ‘age gap’ between them. An age gap relationship is one where there is eleven or more year’s age difference between them. Age gap relationships are becoming more common as people are choosing to marry later in life, remarry or...
Despite having a high income from owning a business or being an executive, these individuals can experience retirement savings problems. They have missed savings opportunities or put off financial planning. Often they assume that everything will work out with their retirement plan, and it can, but their high-income can...
Regardless if you believe in Long Term Care (LTC) insurance or not (or your advisor doesn’t) you still need to include the costs related to LTC in your retirement plan, even if you’re able to self-pay. Why? Because the statistics on longevity show that people are living longer and...
The IRS announced last month in November cost-of-living adjustments to limits on contributions to retirement plans for 2019. There hasn’t been an increase in some plan types since 2013, which is why now is a great time to take advantage of maximizing retirement contributions. According to a 2017 FINRA study,10%...
There’s a number that is going away soon that has an impact on your life; it’s called LIBOR. LIBOR (London Interbank Offered Rate) is used to determine the interest rates banks charge each other for overnight, one-month, three-month, six-month, and one-year loans. LIBOR is a substantial number because it decides, in part, the...
Some investors are the do it yourself type and manage their accounts with minimal assistance from a financial advisor. Other people are eager to have an advisor manage their investments for them. Whatever type of investor you are, no single investor knows everything about the stock market. Even from...
Over the next twenty years, there will be a wealth transfer that exceeds $30 trillion as the Baby Boomer generation passes the remainder of their wealth to the Millennials and subsequent generations. The Baby Boomers (born 1946-1964) are considered the wealthiest generation, currently controlling 70% of all the disposable income...
It’s that time of year again; kids go back to school, the election season is near, fall holiday planning starts, and suddenly we all move closer to the end of 2018. As we approach the last quarter of the year, remember these ‘money moves’ that you still have time to...
Taking Social Security Benefits can be a guessing game unless you do your research to figure out what age to take benefits the best for you. Do you receive benefits at the earliest age or wait until your full benefit age? Will you die in early retirement or live a longer...
Money and technology are so closely related that if a financial advisor isn’t employing the latest technology, how will it equate to risk for you and your money? When it comes to managing your money, you expect your financial advisor to have the best technology resources available to do the...