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Healthcare Insurance – Hot Topic

Posted on Jul 18, 2019 in Confidence

Healthcare Insurance Hot Topic In the ever-changing landscape of healthcare insurance, we noticed a question that has come up for a couple of our clients that we thought might pertain to some of you as well. What are my Medicare options even if I am still working after age 65 and have coverage through my work? Do I Need to Enroll in Medicare If I’m Still Working? By Maurie Backman –   still-workin.aspx\ “Medicare When Working Beyond 65” by Patricia Barry – question-94.html In addition to reading these articles, we highly suggest that you discuss your situation with your own personal healthcare insurance agent or if you do not have one then call our own in-house health insurance expert, Mark Post, who we know would be happy to...

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Risk…When Is Zero Not Really Zero?

Posted on Mar 21, 2018 in Confidence

A few years ago, on the heels of the financial crisis of 2008-2009, I had the pleasure of attending a conference where renowned financial author, Nick Murray, was speaking.  I still remember the core of his message:  he was concerned that, due to the scars of the huge stock market meltdown, many investors were going to become solely focused on safety of principal and, in doing so, completely and regrettably forget about the risk of inflation.  In short, he was witnessing people, in the interest of feeling better temporarily, moving all of their money into 1, 2 or 3% CDs (or even burying it in the backyard) and vowing never to go back into the markets again—all the while forgetting that if inflation went back up to 3-4% (as we know it historically often does), their real return would then become negative. So, while we have been in an unprecedented period of very tame inflation, we always want to make sure that our clients understand the risk that comes with over-allocating to so-called “no risk” assets.  Of course, there is no substitute for secured deposits for funds that are going to be needed for near-term and sometimes even mid-term expenses.  But for longer-term funds, a well-designed investment portfolio will go a long way to offset the erosion of purchasing power that inflation can cause.  And with life expectancies on the rise, the need to at least keep up with inflation becomes an even more important factor to consider as we do our planning. Up next:  Timing...

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4 Retiree To-Dos in a Turbulent Market

Posted on Sep 30, 2015 in Confidence

1.) Check your liquid reserves. Setting one to two years of living expenses aside in true cash instruments allows you more confidence in letting your long-term portfolio do what it’s going to do. 2.) Look at your allocation plan. Look at how your portfolio is allocated across cash and bonds and stocks. Being well diversified will be the main determinant of how your portfolio behaves. 3.) Consider your withdrawal strategy. A turbulent market is a good time to consider your withdrawal strategy and what you are spending money on. There could be areas to pull back your spending during tough markets. 4.) Mind the small stuff. Take a look at all of your investment related expenses, mind your transaction costs, and if you’re paying commissions to trade, don’t trade more than you need to. Learn more at: (Source...

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5 Retirement Tips to Trust

Posted on Jun 22, 2015 in Confidence

Wait for Social Security. If you can afford to, wait until you’re 70.  For every year you wait after age 62, your benefits increase by about 8%. Do a budget, hire a financial planner, get a retirement plan. Once you have found an advisor you trust, they will have you do a budget, and get you and your spouse to sit and discuss your shared vision for retirement. Do not retire without a plan. Don’t retire without knowing what you will be doing for the rest of your life. Even those who thought they would love to play golf every day often get bored within six months. It’s never too late to start saving. Most of us have not saved enough and must adjust our way of thinking about retirement. The longer you work, this helps you build savings and keeps you from drawing down the savings you do have. Don’t be afraid of the stock market. Besides people not saving for retirement, one of the biggest mistakes clients make could be being too conservative with their investments. The impact can be huge over a lifetime of saving. Read more at: (Source...

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5 Things Stopping You From Saving Money

Posted on Mar 13, 2015 in Confidence

Not keeping track. Increase your savings by creating a monthly budget so that you can see where your money is going and set attainable goals. Refusing to cut back. Some ways to break splurging habits are to unsubscribe from retail emails, eat out less and switch to generic products. Not being prepared. Having an emergency fund separate from your savings will help insulate your financial goals from whatever might come. Holding too much debt. As soon as you secure an emergency fund, tackle your debt. Freedom from debt, will free up money for your savings goals. Making excuses. Your attitude may be holding you back. Try to change how you view your fiscal priorities so you can focus on what gets you to your goals. Read more at:...

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Social Security Fun Facts

Posted on Oct 28, 2014 in Confidence

“In 2010, 75% of the 34.5 million retired workers elected to receive a reduced benefit prior to their full retirement age (FRA). Relatively more women (76.4%) than men (71.4%) received a reduced benefit.”(Source: SSA Annual Supplemental) A person receives 75% of their Full Retirement Age (FRA) benefit if they begin benefits early at age 62. If they delay benefits to age 70, they then receive 132% of their FRA benefit. Married couples have a couple of claiming options that you might not have known about including File and Suspend, Claim Now, Claim More Later and Two High Earners...

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