The devastating effects or living too long (the longevity crisis) and not having enough funds to maintain an anticipated quality of retirement is a real concern. LIMRA reports: The average life expectancy for a person who reaches the age of 65 is 83 for males, 86 for females. LIMRA purports that the proper way to interpret these statistics is to assume half of all males who reach age 65 will live past 83 and half of the females who reach that age will live past 86. Half of all couples who reach age 65 will have one partner hit 90.
What is the number one worry for retirees? Not having enough money saved to last them in their golden years. Industry expert Tom Hegna has written extensively about this fear in both of his books “Don’t Worry, Retire Happy” and “Paychecks and Paychecks.” He states, “The number one risk retirees must take off the table […]
“Money, like emotions, is something you must control to keep your life on the right track.”― Lyle Boss This is a great example of what happens when greed takes over and teaches you hard lessons. Frank retired in 1999, and at that time, interest rates were much higher than they are today. As a result, […]
How long have annuities been in existence? Who created them? I was asked the other day about the origin of annuities. Were they created since WWII? The fact is, annuities have a long history dating back to the Roman Era when they were used as a form of gratification for loyal soldiers. Sometimes the emperor […]
How much money do I need in retirement? “One of the thorniest issues facing retirees is how to determine much money they will be able to spend when they no longer work. Even data-focused planning has a hard time solving the dilemma of knowing exactly how much to withdraw without compromising one’s lifestyle.” A persistent […]
Probate is a process that identifies the deceased person’s assets and provides for the legal transfer to the intended beneficiaries. The process can identify debts, value property, and pay debts and taxes. Probate can last for a period of 9 months to a number of years depending on the complexity of the estate.
Being on Wall Street means being in The Old Boy’s Club. I have always wondered what it might be like to be an insider at Wall Street, to be able to know secrets before others, to have a head start in trends and events. I am not talking about “insider” information. I am speaking about […]
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Making any of these common mistakes could mean you will have to struggle more when you no longer get a paycheck.” The road to a successful, stress-free retirement often has potholes more challenging to navigate than you may believe. There are numerous critical issues to address, complicated money concepts to understand, and a bewildering array […]
“I remember how trusting my parents were with people, no more. Now you must be in guard all of the time.” The IRS published its top scams to help the US Taxpayer avoid being taken advantage of and cheated. One of the biggest scams and one that has grown in its use is Phishing. Let’s […]
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Since it’s your future, it’s good to know that the companies we recommend can meet their financial obligations and should garner the most trust of all the types of investing. Even in the toughest times of economic downturn faced by American and global concerns, these types of companies have enjoyed steady growth and stability with plans to perpetuate their financial strength and to cover all contractual obligations for hundreds of years—not just the next quarter or fiscal year.