Today’s challenges for retirees and those nearing retirement are well documented. Traditional fixed income, which has served investors well for decades, now delivers little in terms of yield or capital gain potential. In the mid-1970s through the late 1990s when interest rates were extraordinarily high, U.S. 10-Year Treasury Bills paid between 7% and 8% annual …
If you’ve recently experienced a financial setback, here are six steps you can take to get back on track. Don’t Beat Yourself Up After experiencing a setback, it can be natural to feel like you did something wrong. However, putting added pressure on yourself will not help. Instead, make a mental note of what might …
Managing Financial Setbacks – 6 Steps To Help You Get Back On Track Read More »
If retirement is soon on your horizon, it is time to kick your planning into high gear. This checklist can help you plan ahead for things like Social Security, healthcare costs and transitioning from saving to spending. Laser Focus on Retirement Define how you envision retirement and develop a strategy to reach it. Consider how …
Annuities have a rich history dating back to Ancient Rome. Today, millions of Americans currently use annuities to supplement their retirement income. They can be an important part of a diversified retirement portfolio because they can ensure that your retirement income is protected even when there are downturns in the market. On the surface, annuities …
The consumer price index rose by 0.9% in only one month — June — the largest increase since 2008. Many economists and the Federal Reserve say this is “transitory” because supply will eventually return to a level that can keep pace with demand. Whether that will be the case or not, recent rising prices on …
Investing in Dividend-Paying Companies to Combat Inflation Read More »
Over the past quarter-century, as the divorce rate among couples 25 to 39 years old decreased 21%, the rate of divorce among adults 50 and older—often referred to as “gray divorce”—rose 109%, according to Pew Research. Divorce among couples ages 40 to 49 rose 14%1. There are a lot of theories about what fuels this …
It’s no secret that women play a vital role in the family dynamic. Although mothers and women are often the ones who help keep everyone safe, happy, and healthy, all too often they end up facing their later years worrying about how they will pay for the cost of long-term care. According to the American …
Why Long-term Care Is Especially Important For Women Read More »
Since many Americans are able to enjoy more years in retirement, it’s imperative for those approaching retirement age to establish reliable streams of income they can count on to cover their living expenses. That’s the aim of investing for income—having enough income, on a consistent basis, that allows your clients to cover their expenses and …
According to the American Council of Life Insurers, 70% of people over the age of 65 will need long-term care services.1 While family members may be able to provide some of these services, paid care may be needed to supplement family-provided care as we age or in case we become disabled and cannot care for …
Long-term Care: An Essential Component Of A Sound Retirement Plan Read More »
Each week on my show The Income Generation, we cover topics that are important to those who are retired or nearing retirement. Since every person’s situation is different, viewers often have questions. That’s why The Retirement Income Store’s social media page includes an Ask Dave forum – which I’m glad to be able to share …
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