Financial planning industry thought leader Michael Kitces, CFP®, CLU®, ChFC®, RHU, REBC, and professor of retirement income at the American College, Wade D. Pfau, Ph.D., CFA, penned a seminal work for the Journal of Financial Planning titled Reducing Retirement Risk with a Rising Equity Glide Path. Their work and several tips can help with retirement income …

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I understand how much we all disdain planning for our inevitable demise. As a Certified Financial Planning professional for over 25 years, I truly get it—I, too, find estate planning a necessary but unpleasant endeavor. However, only you can decide whether the inheritance conversation is love or turmoil. My father decided, upon finding out about …

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David Blanchett and Michael Finke penned a June 2024 research paper for the Retirement Income Institute that shared insight into why retirees with a guaranteed income spend more. They deem guaranteed retirement income a “license to spend.”

Utter the word ANNUITY and watch facial expressions. They range from fear to disgust to confusion. But hear me out: Annuities are not your enemy. Billionaire money manager and financial pitchman Ken Fisher appears as a haunting senior version of Eddie Munster in television ads. He stares with deep eyes ablaze with intensity. The tight camera …

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Beware of the mysterious drones hovering over eight cities! They’re causing quite a stir. However, what if a drone mentality to financial success truly existed? We probably wouldn’t mind. Not long ago, Jeff Bezos, the CEO of Amazon, made big media headlines by suggesting that drones will be used to deliver light packages in the …

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As most know, books are my passion. For me, it’s all about gifting knowledge for the holiday season. There’s nothing more exciting to me than to peruse used book outlets and antique stores that sell ancient reads for pennies on the dollar. Also, new book releases excite me. My reading topic interests vary. However, most …

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So, you need a financial advisor, but do you truly understand the full extent of the benefits? Consider these Magnificent Seven Concepts:

Concept One: Financial Advisors are NOT Portfolio Managers.

Most consumers believe that financial advisors are primarily investment selectors and asset managers. While these duties are valid, they are not at the top of an advisor’s list or priorities.

Many financial advisors outsource these duties to third-party experts in portfolio construction, analysis, selection, and rebalancing.

As a result, financial advisors are not usually the primary investment experts. Certainly, they study and understand the products available to them. However, a financial advisor is primarily responsible for holistically partnering with clients to understand

Is money distress part of your life? Do the dollars & cents of poor decisions past sneak up on you and rattle around your house like chains? What if I could provide three ideas to tackle 2022’s financial ghosts and put them at rest for good?

2021 isn’t over yet. So here are 10 smart money moves to make right now.

Saving money should be a year-round endeavor, but life gets in the way just like anything else. So with 2021 coming to a swift, thankful end, take advantage of the fourth quarter to accelerate your financial acumen, bolster your balance sheet and successfully springboard into the new year.

Tip One: Max Out HSA Contributions for 2021.

A Health Savings Account is a pre-tax savings miracle account. What other vehicle allows investors to sock money away triple tax-free? There’s no doubt HSAs have caught on with investors. According to Devenir’s latest survey, a national leader of investment solutions for Health Savings Accounts, the number of HSAs has now exceeded 30 million.

The popularity of HSAs

Income is the lifeblood of retirement.  In Part 1, wisdom from the early chapters of Jim Otar’s new book about retiree income challenges is explored. A one-person revolutionary.