How Financial Support for Grown Children May Threaten a Client’s Retirement

posted in Retirement Jun 2, 2020


It’s not uncommon for parents to help their children pay for college or a wedding. Giving a grown son or daughter a financial boost as they begin “adulting” may even bring a sense of satisfaction.

But what happens when grown children continue to rely on their parents to meet basic expenses once they’ve left home? While assisting adult children financially is certainly a parent’s prerogative, the added economic strain may negatively impact their own financial wellbeing and threaten their retirement savings.

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Should Retirees Ever Consider Equities?

posted in Retirement May 19, 2020


As older Americans approach retirement, it’s only natural for them to expect a reduction in equity investments. Less risk to stock exposure is a conservative (and wise, many would say) move.

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3 Strategies for Helping Clients Cover Healthcare Costs in Retirement

posted in Retirement May 5, 2020


Retirees may experience some sticker shock when it comes to healthcare costs. That’s because a 65-year-old retired couple can expect to spend $285,000 to cover their medical and healthcare costs throughout retirement. That figure is slightly higher than previous findings. The outlook for singles is comparable, with single men expected to pay $135,000, and $150,000 for a single woman.1 These numbers don’t include expenses that Medicare doesn’t cover, such as dental, vision, over-the-counter medications and long-term care.

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8 SECURE Act Facts…and What Advisors Should do About Them

posted in Retirement Mar 24, 2020


On December 20, 2019 a new Act was signed in law that advisors should understand.  

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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.

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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

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3 Financial Risks For Retirees 75+

posted in Retirement Oct 1, 2019


The population of Americans age 75 and over is projected to double by 2040.1 That’s even after taking into account that life expectancy numbers have dropped slightly for three straight years (mostly due to upticks in drug overdoses and suicides).2 The fact is that more and more Americans will reach advanced ages.

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5 Trends Reshaping Retirement As We Know It

posted in Retirement Sep 3, 2019


As recently as two decades ago, retirement was seen by many as a fixed, reliable life milestone. You reached a certain age and immediately shifted into relaxation mode. Today, however, retirement looks and feels different. A new career choice is common, some may pursue hobbies, or a retiree could dedicate a majority of time to volunteering.

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CUNA Mutual Group Recognized on Barron’s Top 100 Annuities Lists

posted in Retirement Aug 6, 2019


Deferred income annuity makes repeat appearance; MEMBERS Zone Annuity debuts in new Floor-Style category;

MADISON, Wis. – CUNA Mutual Group announced that Barron’s included several of its products in “The 100 Best Annuities” feature. The MEMBERS® Future Income Annuity, which turns a lump sum of money into a lifelong income stream and appeared on the publication’s Deferred Income Annuity pension and longevity lists for the second consecutive year. In addition, the MEMBERS® Zone Annuity, which lets investors control their maximum potential annual loss, debuted on the publication’s first-ever Floor-Style list.

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How a Couple’s Age Gap Affects Their Retirement

posted in Retirement Jul 9, 2019


In general, people marry someone close in age. However, when it comes to remarrying, the numbers shift a bit, which likely won’t surprise you.

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