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No Long-Term Care Strategy? It Could Cost You
Planning is a massive part of retirement, and you’ll want to make sure you’re keeping an eye on all of the factors that go into your plan. One thing that our professionals see people overlooking all the time is the financial impact of long-term care. According to data, nearly 70% of 65-year-olds will eventually need long-term care services or support.[1] [...]
What Risk Tolerance Means For You
Risk tolerance is a commonly used term in the investment world, but its meaning and its implications, particularly for retirement, are often misunderstood. Essentially, risk tolerance refers to your comfort level with the prospect of losing money on an investment.[1] At one end of the spectrum, those who cannot stomach any potential loss from their investments are classified as having [...]
What’s Your Plan for A Recession?
There are fears about a recession on the horizon for the US, and you may be wondering how that could affect your retirement plans.[1] You might need to adapt your retirement strategies if you are going to retire during a recession. Why are there fears of a recession? Firstly, inflation.[1] Inflation has been a hot topic for more than a [...]
The Role of Fixed-Income in Retirement
Fixed income is a common component of people’s retirement strategies. But what is fixed income? Basically, it’s a term used to describe a type of return on an investment that pays out a generally fixed amount of income on a regular basis. To generate a fixed income, there needs to be a source to generate that income. If we’re not [...]
4 Important Pre-Retirement Birthdays to Plan for
There are several key birthdays that significantly impact the future of your retirement. Your pre-retirement plays a major role in how successful the rest of your retirement is, and there are key dates and age milestones to plan for that will help set you up for a successful retirement. Here are four crucial ages to bear in mind while shaping [...]
Social Security Questions a Financial Professional Can Address
Believe it or not, your financial situation and circumstances are unique. Factors such as debt, your health, the age of your children if you have them, and other seemingly disparate factors profoundly influence your financial standing as you near retirement. The advantage of having a financial professional working with you is their ability to consider and monitor factors that can [...]
Uncovering Employer-Sponsored Retirement Accounts
In this article, we’re going to cover exactly how employer-sponsored retirement accounts work. If you have one already, or you are currently being offered one, this will help you get a sense of how the accounts work and what they mean for you. The Basics of the Employer-Sponsored Retirement Account First, the basics. An employer-sponsored retirement account is an account [...]
Medicare Open Enrollment is Happening Now!
The open enrollment phase for Medicare runs from October 15 to December 7 each year.[1] During this period, you have the opportunity to adjust your healthcare plan and prescription medication coverage as per your requirements.[1] Each year, modifications are made to health plans and networks, so it’s vital that you stay informed about any alterations in your coverage.[1] If there [...]
