Retirement Care Plans | Financial Planning

How Retirees Should Manage Their Finances in Turbulent Financial Market Downturns

The financial markets are unpredictable, often fluctuating based on economic factors, geopolitical tensions, and various global events. This market environment may seem different, because it is. The external factors that have created the current calamity are certainly unique and you, like many, may think this is entirely “man made.” But I promise the only thing […]

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Why Generic Financial Advice Can Be Risky for Retirees

Financial Advice / Retirement Care Plan

Over my 30 years of experience advising clients, one common pitfall I’ve noticed is how easy it is to follow advice meant for the masses—especially when it comes to retirement. While some financial rules of thumb are helpful, others can be downright dangerous when applied without personalization. One such piece of popular advice is to

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Why Investing in Annuities and Individual Bonds Is Safer Than Bond Mutual Funds

Annuities / Retirement Care Plan

Investing wisely is one of the most important decisions you can make for your financial future. Many investors seek income-generating assets that provide safety, reliability, and long-term stability. While bond mutual funds are often marketed as a conservative investment, they lack the permanence and definition that individual bonds and annuities offer. Unfortunately, investors who rely

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Why Pre-Retirees and Retirees Should Consider Exiting the Stock Market

Retire / Retirement Care Plan

For decades, financial advisors have consistently urged investors to “stay the course,” reassuring them that market downturns are temporary and that the stock market will always recover in the long run. While this advice may hold merit for younger investors with decades ahead of them, it is increasingly questionable for pre-retirees and retirees who do

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How to Know If You Have Enough Money to Retire

Retirement Planning / Retirement Care Plan

Retirement is something many people dream of, but deciding when you’re financially ready can be tricky. It’s not just about the total sum in your savings account; it’s about making sure you can maintain your lifestyle, pay for healthcare, and weather any unexpected expenses without working. So, how can you know if you have enough

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Why The Dangers of Entering Retirement During a Market Downturn: Strategies for Financial Security for the Less Than Wealthy

Retirement / Retirement Care Plan

It goes without saying that those with less wealth are more susceptible to financial peril than those with more resources. But the difficult thing to grasp is how the view of American’s seems to ignore this simple truth, because the two socio-economic un-equals tend to use the same investments to grow their assets and to

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Pensions: Guaranteed Income, But at a Cost

Pensions / Retirement Care Plan

For many retirees, pensions provide a sense of financial security, offering a guaranteed monthly income for life. However, according to the Bureau of Labor Statistics, only 15% of private industry workers had access to a defined benefit pension plan in 2022 . While this stability is valuable, pensions have limitations that can impact financial flexibility,

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The Truth About Annuities: Separating Myths from Reality for Your Retirement

Annuities / Retirement Care Plan

As you approach retirement, financial security becomes a top priority. According to LIMRA, U.S. annuity sales hit a record $432.4 billion in 2024, a clear sign that more retirees are turning to annuities for guaranteed income and peace of mind. However, annuities are often misunderstood. While they can provide lifetime income, protect against market volatility,

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Your Retirement Safety Net: Understanding Guaranteed Income

Guaranteed Income / Retirement Care Plan

When planning for retirement, one thing stands out as a top priority: guaranteed income. Why? Because it offers the peace of mind that you’ll always have money to cover your basic needs, no matter how long you live or what happens in the financial markets. In fact, nearly 70% of retirees say having a guaranteed

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Retiring Comfortably on Less Than $1 Million

Retirement / Retirement Care Plan

Retiring with less than $1 million might feel daunting, but the good news is that a strategic approach can make this a realistic goal. With rising costs and longer life expectancies, the median retirement savings in the U.S. stands at only around $144,000 for those between 55 and 64, while the average Social Security benefit

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