Almost Half of Americans Near Retirement Fail Social Security Quiz

    posted in Retirement Planning Jun 11, 2019


    Social Security retirement benefits are crucial to many in retirement, yet many near-retirees don’t know the basics, and it could cost them money in the future, according to a consumer poll1 by MassMutual Life Insurance Co.

    Read More

    How Much is A Lot? Paying for Health Insurance Using Social Security

    posted in Retirement Planning May 28, 2019


    Your clients nearing retirement age are hopefully looking forward to many peaceful and rewarding years ahead. However, health care costs could add some unexpected stress to their “golden years.” Let’s dig into the good/bad/ugly news and uncover what you can do to help. We’ll start with the bad news…

    Read More

    Help Clients Understand How Divorce Affects Retirement

    posted in Retirement Planning May 7, 2019


    As the saying goes, breaking up is hard to do. Still, the current divorce rate stands around 40 percent, having declined from around a 50 percent marriage failure rate in the 1980s.1

    Read More

    The 5 Most Critical Retirement Decisions

    posted in Retirement Planning Feb 12, 2019


    Those nearing retirement often think about the places they’ll go and the things they’ll do with all their new-found free time. Before dreaming of what they’ll do, however, soon-to-be retirees need to determine when they’ll make some major decisions leading up to that time.

    Read More

    Five Risks Empty Investors Face

    posted in Retirement Planning Jan 22, 2019


    Raising a family is exponentially more expensive today than in the past; costs rose 40 percent alone in the first 10 years of the new Millennium and, as of 2015, an average of $233,610 was spent to raise a child until he or she reached age 18, not including college.1 As the cost of living increases, those figures will only continue to rise.

    Read More

    Education Spending and the Risk to Clients' Retirement

    posted in Retirement Planning Jan 15, 2019


    It’s a question that confounds some clients, and probably has them turning to you for guidance: Do I save for retirement or for my child’s college education?

    Read More

    Should Your Clients Trust in Social Security?

    posted in Retirement Planning Jan 8, 2019


    Social Security is going bankrupt! It’s an often-repeated statement and widely held belief, particularly among those at or approaching retirement age — it’s also not true.1 While the program will effectively deplete its asset reserves by paying out more to beneficiaries than it generates starting in 2018 and through 2034,1 benefits will likely still be available to qualified retirees, albeit reduced by about 25 percent.2

    Read More

    2019 Cost of Living Adjustments (COLA)

    posted in Retirement Planning Dec 4, 2018


    The Internal Revenue Service (IRS) recently released cost of living adjustments (COLA) affecting dollar limitations for pension plans and other retirement-related items for the 2019 tax year.

    Read More