Mutual funds are popular investment opportunities: They are a way for investors to pool money to invest in specific assets, from stocks and bonds to other investments. Mutual funds allow the average investor opportunity to diversify their investments while accessing global markets.
2 min read
Is the ‘4 Percent Rule’ for Retirement Still Valid?
When you retire, how much of your retirement savings can you withdraw each year without running out? One of the general guidelines is the 4 percent rule, but it’s important that you treat it as just that: a guideline.
Topics: Retirement Planning Financial Planning Retirement Financial Security
2 min read
Retirement Planning: Questions To Ask Your Aging Parents
As people get older, many must begin to rely more upon their children for care and support. Even the most independent retirees often chat with their kids to discuss finances, medical concerns, and housing plans for their golden years. Some people wait until they experience an accident or health scare to share their plans with loved ones, while others put off these conversations until it is too late. People with aging parents (or retirees with adult children) should be proactive about discussing these difficult topics and life decisions. If you are an adult with aging parents, consider sitting down with them to discuss retirement planning, estate planning, and their wishes regarding housing and end-of-life care.
Topics: Retirement Planning Financial Security
What are the 4 biggest myths about Long-Term Care?
More and more baby boomers are becoming familiar with long-term care as they help take care of aging parents. However, there continues to be a lack of understanding about how much long-term care costs and who pays for it. Here are the facts - with an aging population, a shrinking workforce, and reduced government money for financial aid, it will be an issue that impacts everyone. Take a look at these four myths of care:
Topics: Retirement Planning Financial Planning Retirement Gerontology/Aging Financial Literacy
1 min read
New Federal Proposal Protects the Best Interests of Retirement Savers
The Department of Labor has offered a new proposal to “improve investment advice and enhance financial choices for workers and retirees.” The standard set by the new proposal would require financial professionals who provide consumers with retirement planning and advice to act in their clients’ best interests, receive only “reasonable” compensation, and make no materially misleading statements to clients.
