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    10 Essential Retirement Questions to Ask Married Couples

    posted in Retirement Planning Feb 23, 2021


    Retirement can be exciting, but it’s also a major life and financial transition. The stress brought about by the inevitable changes surrounding retirement may even cause significant rifts that strain a marital relationship. Married couples who don’t have a shared vision of their golden years may need to confront what could be difficult realities, including financial discord.

    You may be in a position to help married clients who are contemplating retirement avoid some strife and/or verify that they’re on the same page when it comes to retirement finances. Read More

    America Saves Week: An Opportunity to Connect with Clients

    posted in Retirement Planning Feb 16, 2021

    If you look for a Hallmark card to recognize America Saves Week, you’ll be hard pressed to find one. Still, the annual celebration of savings held each February may serve as a great conversation starter with clients.

    In light of recent economic events and record unemployment, establishing sustainable financial practices and saving habits may be more important than ever. Consider whether this “holiday” may serve as an additional way to engage and help your clients.

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    Why Advisors Need to Spend More Time Discussing Social Security Strategies

    posted in Advanced Planning, Retirement Planning Jan 26, 2021

    Like any good advisor, you keep up with economic news, subscribe to investment insights, analyze portfolio performance, stay abreast of the latest tax laws and much more. Staying informed about these and other findings is an important part of helping your clients build a solid retirement strategy.

    Meanwhile, sitting quietly in the background is potentially one of the highest yielding opportunities available to them, a reliable and considerable stream of income that’s guaranteed for life, one that could mean the difference between making a huge mistake and making ends meet. 

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    Social Security Benefits: 5 Crucial Considerations for Women

    posted in Retirement Planning Dec 8, 2020


    Social Security benefits are a perennially popular topic of discussion — will they continue to be available? What percentage is available when, and for whom?

    What deserves even greater attention, especially among women, are the decisions about working, retirement and Social Security benefits that could negatively impact their long-term financial security. This subject is particularly pressing because women represent over 55% of all adult Social Security beneficiaries, and at age 85 and over, they represent nearly two-thirds of all beneficiaries.1

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    Retirement Savings Tips for Clients Who Live Paycheck-to-Paycheck

    posted in Retirement Planning Nov 3, 2020


    Most Americans are acutely aware of their financial situations. A recent report reflects that 40% of U.S. consumers have had difficulty paying bills in the last year. Others who were unemployed, had reduced work hours, or couldn't work because of an illness were nearly twice as likely to experience a shortfall and live paycheck-to-paycheck.1 In light of recent global events and millions claiming unemployment in the U.S., those numbers could be staggering.

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    Social Security Shortfall? Annuities May Be an Answer

    posted in Retirement Planning Sep 29, 2020


    When you conduct a portfolio review, it’s common practice to factor in investments held outside your firm to help determine your client’s projected income in retirement. In addition to disbursements from an employer 401(k), a pension or other income-generating ventures like rental property, Social Security stands out as a reliable source of future income.

    A major concern you’ve likely heard from clients is whether they’ll run out of money in retirement. While Social Security can provide a base income to cover fixed costs like insurance, utilities, food and housing, it may fall short, especially for those who’ve come to expect a certain standard of living. If those individuals also missed out on opportunities to build savings and invest during their working years, the chasm widens. 

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    Questions to Ask When a Client Receives an Early Retirement Offer

    posted in Retirement Planning Aug 18, 2020

    As a result of the global pandemic and its economic fallout, many companies are looking for ways to remain financially solvent by reducing their workforce. On top of millions of employees across the U.S. filing for unemployment, some are weighing decisions over whether to accept a voluntary buyout or early retirement package.

    In addition to talking with clients about the market impact of the Coronavirus, they may come to you for advice on whether to take their employer up on such an offer. Getting answers to some of the following questions may help them determine next steps.

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    When Clients Choose Not to Leave Children an Inheritance

    posted in Advanced Planning, Retirement Planning Jul 21, 2020

    We’ve heard about the Great Wealth Transfer and how all those years of saving and investing by Baby Boomers will benefit the next generation. It’s generally assumed that parents who have a nice nest egg will leave the majority of that wealth to their children as an inheritance. But that’s not always the case.

    Some wealthy retirees may choose to buck tradition and leave a different kind of legacy, one that supports their community or other charitable causes they care deeply about. Or, some might simply plan on enjoying the money they’ve made by spending it on travel, entertainment or other hobbies. It is their money, after all.

    No matter how your clients choose to distribute their estates, it’s best for them to manage their children’s expectations sooner than later. The following approaches can help.

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    Sensitive Straight Talk With Clients About Supporting Grown Kids

    posted in Retirement Planning 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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    Equities May Be Right For Some Retirees

    posted in Retirement Planning 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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