Recently we wrote about the 8x Rule and why it’s a flawed calculation. Yet for many years, it has been viewed as conventional financial wisdom; and for that reason, we know it can be hard to let it go. In case you’re still in doubt, we wanted to share a question we received that further illustrates why it’s time to put the 8x Rule to rest. A […]
When it comes to simplifying complex topics, everyone loves an easy to remember rule of thumb. But there’s one rule we can do without—and not surprisingly, it’s a favorite on Wall Street. We’re talking about the “8x rule”, the financial services industry’s favorite guideline for how much money you’ll need stashed away for retirement. The formula suggests you’ll need eight times your annual salary saved by the age of 60 to […]
No matter how good a financial advisor claims to be, no one can predict the market. Yet it’s hard not to be worried when a steady drumbeat of experts spews conflicting opinions; some warn we’re headed for a correction, while others confidently claim there’s growth ahead. But here’s a clue: it’s not who you should listen to, but what. That what is the S&P 500 price to earnings ratio. What is […]
There are some things in life where you’ll be fine to “wing it.” Unfortunately, paying for long-term care isn’t one of them. Recent data on the rising cost of care underscores why it’s critical to put a plan in place now. Here’s what to know and how to prepare yourself painlessly. Long-Term Care Costs Are Outpacing Inflation Genworth Financial conducts an annual Cost […]
Chances are you’ve already made assumptions about what your retirement will look like—whether it’s how often you plan to golf, or how much you’ll spoil the grandkids. While these assumptions give your retirement goals meaning, there are others that could be working against you. Here are five common assumptions to avoid. 1. You won’t live until you’re 90. So many folks assume they won’t live to see a 90th birthday and plan for retirement accordingly. Imagine their surprise when they actually […]
Not sure where to put your retirement savings? There’s certainly no shortage of financial professionals’ hawking ideas; but whether these ideas are actually good ones is another story. Let’s take a look at the seven investments retirees may want to reconsider. 1. Variable Annuities Variable annuities are one of the reason annuities got a bad reputation. These complex annuities are a mixture of insurance and investment. Those who […]
By now you’ve probably heard plenty about the One Big Beautiful Bill; in fact, you may even be suffering from information overload. That’s why we’re going to break down what it means for those in and near retirement. Is the Big Beautiful Bill a big bust or a big opportunity for your savings? A Quick […]
By now you’ve probably heard plenty about the One Big Beautiful Bill; in fact, you may even be suffering from information overload. That’s why we’re going to break down what it means for those in and near retirement. Is the Big Beautiful Bill a big bust or a big opportunity for your savings? A Quick […]
You made it to retirement and if ever there were cause for celebration, this is it. You deserve to go big and mark the occasion in a way that’s worthy of the moment. Though we’re not exactly the right type of planner for helping you design a phenomenal party, we are qualified to help you […]
For years you’ve dreamed about how you’ll spend your retirement, and now it’s finally here. It’s time to make those hopes a reality. If you’re like many retirees, that means finally pulling the trigger on some big-ticket items. But before you do, make sure your potential purchase isn’t on our list below of retirees’ regrets. […]
