Tom King
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How to Combat Healthcare Cost Inflation in Retirement
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You’re ready for retirement. You’ve prepared mentally, emotionally and financially. But inflation may occupy a corner of your mind, considering the jumps it has made over the past year. The U.S. Bureau of Labor Statistics reported an increase in the Consumer Price Index (CPI) of 5.4% in July from a year earlier, matching the largest…
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When Should You Ignore Conventional Retirement Advice?
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In certain cases, taking a less traditional route may be a better financial fit. It’s human nature to want to take mental shortcuts, but when it comes to important retirement decisions, relying on general advice instead of getting tailored recommendations from a credentialed professional can lead to less-than-ideal outcomes. Here, we explore three scenarios where…
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Did You Know 529s Are Powerful Estate Planning Tools?
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Most of us associate 529 accounts as college savings vehicles. They’re flexible, allowing you to transfer assets to anyone, including yourself, for the express purpose of furthering the education of your beneficiary. But did you know that a 529 can be a powerful estate planning tool, too? Modern estate planning Not everyone is in a…
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How to Guard Your Nest Egg from ‘Sequence of Returns’ Risk
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Even if you’ve saved diligently and invested prudently, every investor knowingly takes on some risk that well-laid plans could shift, but it’s tough to feel truly prepared – emotionally, at least – to start drawing down a portfolio, especially if you anticipate entering into a down market. This is what’s known as “sequence of returns…
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Rate Changes Don’t Have to Derail Your Retirement Plans
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For those nearing or living in retirement, the Federal Reserve’s decision to keep interest rates lower for longer may trigger a hunt for yield. In this environment of ultra-low interest rates, investments like Treasury bonds aren’t yielding much, with CDs and money market accounts following suit. However, there are still opportunities available for those eyeing…
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4 Financially Awkward Questions
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In an age when you can Google anything, we often feel pressure to know all the answers — which means asking certain things can make you feel a bit embarrassed. That’s why we’ve gathered four common financially awkward questions (or FAQs, if you will) people are afraid to utter out loud. What’s the difference between…
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Tune in to Levels of Control for Your Retirement
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We have found that many retirees — even those who’ve planned and saved well for decades — harbor a distant fear that their money may not last as long as needed. When it comes to your retirement income, knowing what you can control and by how much may help you rein in fear of “running…
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Ready for Retirement? Consider All the Factors First
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It’s crucial that would-be retirees invest in their social, physical and psychological needs as well as their financial ones. And that takes planning.