To David Scranton, CEO of Sound Income Group, “the real magic” is “the ability to get competitive returns with less risk.” Scranton, in an interview with ThinkAdvisor, argues that “adding a little bit of the riskier assets to a conservative portfolio can help increase your returns but lower your volatility and risk.” That’s been Scranton’s …
How Adding Riskier Assets Can Lower Portfolio Risk Read More »
Few adults would go without auto, home, life, or health insurance. But the kind of insurance that helps protect against the risk of running out of money in old age is still greatly underutilized. It’s called a deferred income annuity or longevity annuity. Most people planning for retirement should strongly consider an income annuity, and …
Income Annuities Take The Risk Out Of Retirement Read More »
Pre-retirees who are thinking about changing their primary residence after they retire and who will need a mortgage to do so may benefit from making the move while they are still working. That will not always be possible, of course. If, for example, retirement plans include selling the house in New Hampshire and moving to …
Why Securing A Mortgage Before Retiring Makes Sense Read More »
If you’re starting to wonder if you’ll ever have enough money saved to retire, you aren’t alone. According to the Employee Benefit Research Institute’s 2022 Retirement Confidence Survey, only 28% of respondents said they were “very confident” they would have enough money for a comfortable retirement. And 58% said preparing for retirement makes them feel …
Our country is facing a looming retirement income crisis. What exactly does that mean? Simply put, it means those people retiring from the workforce may not have the money necessary to maintain the standard of living they have become used to during their working years. On a personal level, that can have a range of …
There are few things scarier than a bear market, but steep and sustained downturns in stocks are an absolute fact of investing life. Markets go through cycles; always have, always will. Most importantly, a patient, long-term investor who is diversified by his or her age, stage in life, and risk tolerance can not only wait …
Gray divorce is on the rise, and couples parting ways at this stage of life should know there are important financial and estate planning issues to consider. In the last five years, more long-term marriages have ended than ever before. It’s a global phenomenon. Most divorces still happen to couples in their 30s and 40s, …
Getting Divorced? Getting Remarried? What Older Adults Need To Know Read More »
Selecting the right financial advisor is an important but difficult decision. Key considerations include whether your prospective advisor has the right technical skills, charges fair fees, and puts your interests first. But which factors should you prioritize when finding the best one for you? Turns out, you should be looking at psychology. A 2019 Vanguard …
How Psychology Affects Your Search For A Financial Advisor Read More »
Paying state and federal taxes is part of life. Yet, of course, we all want to keep hold of as much of our income as possible too. The more legal places we can find for our money, the more we can help prevent the government from taking too large a cut. Mastering this relies on …
Are You Helping To Maximize Your Tax-exempt Bucket? Read More »
Are you entering retirement, but want to delay taking the full required minimum distributions (RMDs) from your retirement portfolio? Perhaps use the money to help secure the possibility of a long retirement instead? Say hello to the QLAC. QLAC stands for Qualified Longevity Annuity Contract. It’s a type of annuity that can be bought with …
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