How the CARES Act Impacts Individual Financial Planning

posted in Advanced Planning Jun 16, 2020


The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law March 27, 2020. Relief in the legislation was focused on both small businesses and the workforce at large.

While many are still dealing with changes to their financial state and hoping for a quick rebound as the economy gradually reopens, it’s prudent to consider that these financial challenges may remain for the balance of 2020 and, for some who are directly impacted, for years to come.

Read More

CUNA Mutual Group Launches Advanced Planning Resources Program

posted in Advanced Planning, Press Releases Apr 11, 2020

Marshall Heitzman Will Lead the New Program Efforts To Help Advisors Solve Complex Retirement Planning Challenges

MADISON, Wis. – CUNA Mutual Group, a leading insurance and financial services company, announced today the launch of its Elevate™ Advanced Planning program for advisors and broker-dealers, available beginning March 2020.

Read More

Retirement Considerations for Couples vs. Single Investors

posted in Advanced Planning Jan 7, 2020

Married couples typically can reap the benefits of combined incomes to help build their retirement savings. When both are aligned in their investment strategies, it can be a powerful force. Disagreements about financial goals and spending habits, however, can potentially jeopardize their retirement savings (and their relationship). Perhaps that’s why finances are often cited as one of the main reasons for divorce.1

Read More

Divorce After 50 — Why Clients Need A Retirement Rescue Plan

posted in Advanced Planning Dec 17, 2019

Since 1990, the divorce rate for people 50+ has doubled. For ages 65+, the rate has approximately tripled. This is while the divorce rate of younger couples has dropped, all according to the National Center for Health Statistics and the U.S. Census Bureau.1

With divorce rates among older couples skyrocketing, you’ve likely seen evidence of it for yourself. A senior-age woman who has been married for 40 years wants her independence. An older man feels he’s grown apart from his wife of decades.

Read More

Don’t Forget Digital Assets As Part of Estate Planning

posted in Advanced Planning Nov 12, 2019

There are many considerations when helping a client set up a will or estate plan, from assigning an executor or power of attorney, to choosing beneficiaries, to setting up a trust and more. 

Read More

Help Clients Avoid Taking Social Security Too Early

posted in Social Security, Advanced Planning Nov 5, 2019

Retirement should be a time when your clients glide into the most peaceful and satisfying years of their lives. A time when finances aren’t so critical, and decisions are care-free.

However, retirement has changed, and some trends have reshaped our traditional view of retirement. One factor you may have heard discussed by some retirees is “Social Security regret,” which is them feeling like they made a mistake in their decision to collect. Many feel they’re taking benefits too soon.

Read More

Conquering Clients’ Financial Planning Fears

posted in Client Relationships, Advanced Planning Oct 29, 2019

What’s going to scare you during Halloween, other than that creepy kid down the block who dresses up as Chucky every year? Getting a good (and temporary) scare can be invigorating and fun each fall. Some fears, however, linger all year long, and some are debilitating.

Read More

When Entitled Children Jeopardize Their Parent’s Retirement

posted in Retirement, Advanced Planning Oct 15, 2019

When meeting with clients to discuss their risk tolerances and explore potential “what-if” scenarios, you’ll likely uncover many concerns. Topping the list of possible threats to someone’s nest egg will undoubtedly be market downturns, healthcare costs, or even outliving their retirement savings.

Read More

Bonds Or Annuities? Which Generates More Retirement Income?

posted in Retirement, Advanced Planning Oct 8, 2019

So, this article’s headline grabbed you, and you want a knock-down battle between bonds and annuities. We’ll get there, but let’s first take a moment to review why having some guaranteed sources of lifetime income (in addition to Social Security) is often recommended by financial advisors.1

Read More

Strategies for Navigating the Baby Boomer Danger Zone

posted in Advanced Planning Sep 24, 2019

Today, another 10,000 Baby Boomers will turn age 65 — and tomorrow, and the next day…and again for many years to come, according to Forbes.1 With that large influx of people potentially entering retirement and exiting the workforce, the country’s composition is dramatically changing, and a larger number of people are beginning to draw on their retirement savings.

Read More