Many retirees worry about drawing down their assets too early, thus having little income for the later years of retirement. A sound distribution plan can help minimize that risk. When you have a distribution strategy in place, you can make sure that you don’t withdraw too much money and that your funds can last through […]
Are you facing a divorce late in life? According to new research, you’re not alone. The Pew Research Center recently found that divorce rates for people age 50 and older have doubled since 1990. Divorce rates among those over age 65 have tripled during that same period.1 There are a variety of reasons why couples […]
While seemingly small lifestyle changes, like eating out less often, can have a big financial impact, it’s often ill-advised large purchases that can do the most damage. By simply avoiding these large-scale cash outlays, you may be able to significantly reduce your risk of running out of money in retirement. Are you one of the […]
Hal Hammond, of Sarasota, Florida, president of Hammond Asset Management, plans to host multiple retirement income planning events regarding a wide range of topics. “It’s important that we discuss and provide numerous educational materials for people to learn and discover,” Hammond says, “This way, people can make educated decisions about their retirement plans and understand […]
Not all life insurance is the same, though. There are different types of policies available, and each is designed to meet different needs and objectives. Many of these policies fall into two broad categories: term and permanent. Any good financial plan has to be built on a base of sound financial protection against serious risks. […]
One of the biggest risks you may face is potential disability. If you suffer a long-term disability, you may be unable to work, and you could miss out on months or even years of earnings. That could put in you in a challenging financial position. Risk protection is the foundation for any financial plan. Without […]
As you approach retirement, you’re likely looking for ways to reduce your expenses and maximize your income any way you can. You may be considering downsizing, delaying Social Security or even working part time in retirement to improve your financial stability. There’s one other strategy you may want to consider, especially if you have a […]
You probably use a variety of strategies to protect yourself from risk. For example, you may have keep an emergency reserve. You may use various types of insurance, such as health insurance, life insurance, homeowners insurance and more. If you’re like many Americans, however, you may not be protected against one significant risk—disability. According to […]
Original article: 15 Ways Blockchain Has Changed In The Past 30 Days Blockchain has captivated the interest of consumers across the globe. But blockchain has changed. Business owners struggle to first learn what it is and then determine how they can use it to their own benefit. Successful professionals realize the importance of staying informed on the […]
There are a number of reasons why divorce rates are rising for those over age 50. Some couples may wait until their children are out of the house to separate. Some couples may have sharply different views on how they want to spend retirement. Are you over the age of 50 and facing a divorce? […]