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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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    3 Ways to Help Clients Cover Healthcare Costs in Retirement

    posted in Retirement Planning 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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    SECURE Act: 8 Must-Know Facts for Advisors and Clients

    posted in Advanced Planning, Retirement Planning Mar 24, 2020


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

    The Setting Every Community Up for Retirement Enhancement Act of 2019 (the SECURE Act) includes provisions aimed at helping people save for retirement. It includes increasing access to tax-advantaged accounts, as well as opportunities to help prevent older Americans from outliving their assets in retirement.

    This is the second legislative tax or retirement reform in the past 2 years, and it will likely have significant impact on how financial advisors help clients plan for their retirement for years.

    First, we’ll tackle the top 8 facts advisors should know about the SECURE Act. After each, we’ll share a practical, actionable step advisors can take.

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    When It's Right to Recommend an Annuity, Consider These Four

    posted in Client Relationships, Retirement Planning Mar 3, 2020


    You know annuities can be powerful tools, yet aren’t the right strategy for everyone or every situation. And annuities vary so widely in what they can do, it really requires some searching to determine an annuity’s effectiveness for each client’s situation.

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