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Retirement In Sight: Why You Might Not Want a Lump-Sum Retirement Payout

Do you have the option of receiving your retirement money as a lump sum? You may want to turn that choice down. A new MetLife study, Paycheck or Pot of Gold, warns of the “lottery effect” that can occur when all that money makes its way into a household at once. Surveying more than 1,050 […]

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Monthly Economic Update

Stocks went sideways rather than north in March, with the S&P 500 losing just 0.04%. The Federal Reserve made another quarter-point interest rate move, and overseas, the United Kingdom initiated Brexit proceedings. While new data showed weak consumer spending, consumer optimism remained high and hiring was once again strong. A subpar month for commodities did […]

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Retirement In Sight: How Much of Your Retirement Savings Should You Withdraw?

When Fidelity Investments asked more than 1,000 pre-retirees to guess the percentage that retirement planners would recommend withdrawing, 19% said 7–9% a year. However, a typical recommendation might be 4%. Additionally, another 19% of pre-retirees responding to the investment company’s Retirement IQ survey thought they could safely draw down their retirement funds at a rate […]

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Monthly Economic Update

February was a great month for stocks and a historic month for the Dow Jones Industrial Average. The blue chips closed at record highs for 12 straight trading sessions, a feat unmatched for 30 years. The S&P 500 gained 3.72% for the month. Readings on consumer confidence and purchasing manager indexes remained impressive, and a […]

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Retirement In Sight: Retiring with an Age Difference

If you are 10 or 15 years older than your spouse or partner, to what degree should that age gap influence your retirement planning? You will want to consider this question, for it may affect many aspects of your financial future, such as your planned retirement dates, how you decide to claim Social Security and […]

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Monthly Economic Update

Stocks advanced again in January. The Dow Jones Industrial Average closed above 20,000 for the first time, and the S&P 500 gained 1.79% on the month. As January ended, politics took center stage: Investors focused first on the controversy surrounding President Trump’s executive orders, then on earnings and economic indicators. As the forex market sensed […]

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Retirement In Sight: Can You Work Your Way into Retirement?

As 2016 ended, the 17th annual Transamerica Retirement Survey noted a preference for a phased retirement among a majority (53%) of workers polled by the insurance and investment company’s Center for Retirement Studies. In fact, 48% of the pre-retirees surveyed felt that their current employer would allow them to continue working in some capacity after […]

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Monthly Economic Update

While the Dow Jones Industrial Average did not top 20,000 in December, it did advance nicely, gaining 3.34%. The Federal Reserve took its interest rate target to 0.50–0.75%, adjusting the federal funds rate for just the second time in two years; around the world, other central banks held rates steady, and one even pledged additional […]

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Retirement In Sight: Teamwork Counts for Couples Close to Retirement

Talking about a few lifestyle and financial matters in the years immediately before your retirement transition may help you and your spouse find more happiness in your “second act.” How close are you to receiving Medicare? Should one or both of you strive to work until age 65? HealthPocket (a tech firm that evaluates health […]

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Monthly Economic Update

November was certainly newsworthy, presenting investors with three historic moments. First, Donald Trump won the presidency in a stunning upset that confounded political analysts. Next, the stock market rallied spectacularly after receiving that unanticipated news—the Dow Jones Industrial Average repeatedly closed at all-time peaks, advancing 5.41% on the month. Finally, OPEC nations agreed to reduce […]

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