While more and more average Americans are finding their way to financial strategies using life insurance, these strategies are far from mainstream. One of the biggest reasons is that we are simply not taught about these strategies, how they work, nor the value of a guaranteed future cash flow that permanent life insurance provides. When […]
In a recent article interviewing Wade Pfau, professor of retirement income and co-director of The New York Life Center for Retirement Income at The American College of Financial Services, talks about the drastic effects of the COVID-19 situation on retirement distributions. In the financial planning world, there is a rule of thumb that says, in […]
Officially called the “2019 Annual Report of the Board of Trustees of the Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds” But for us regular folks, the 2019 Social Security report was released today. And lemme tell ya. It aint pretty. Highlights include: $83B earned on $2.9T in assets. A return of 2.8% […]
Misleading risk profiles in most qualified plans can cause big problems down the road.
Some investors mistakenly believe that bonds can’t or won’t lose money If you’ve been paying attention, you’ll know that bonds aren’t what they used to be. Values are declining, risk is up, investors are selling, bond funds are underperforming, and municipal bonds are no longer the safe haven they once were. “With the demise of […]
One of the biggest fears people have is running out of money in retirement. And for many Americans, this is a very real risk, not an irrational phobia. If you are a reasonably healthy 65-year-old non-smoker, actuarial tables estimate you’re likely to live to age 86, as a man, and 89, as a woman. And the […]