Will Your Money Last? Risks to Retirement Income

With so much at stake when planning a retirement income stream, it pays to take a step back and see whether your plan takes into account the major obstacles to retirement income adequacy. When you take this big-picture view, consider the five major challenges most retirees face: the potential for outliving one’s assets; the threat of rising living costs; the impact of increasing health care costs; uncertainty about the future level of Social Security benefits; and the damage to long-term financial security that can be caused by excessive withdrawals in the early years of retirement.

Understanding each of these challenges can lead to more confident preparation. (more…)

Retirement Expectations & Realties

retirement-piggy-bankThe Retirement Confidence Survey (RCS) is the longest running annual retirement survey of its kind in the United States. Since 1991, the RCS has gauged the views, experiences, and attitudes of Americans regarding retirement preparation and related issues.

The 2016 RCS found that the recovery in retirement confidence, following the 2009-2013 economic recession, continues to hold. In fact, 2016 results demonstrated that 21 percent of workers are now “very confident” they will have enough money to live comfortably throughout their retirement years as compared to just 13 percent in 2013. (more…)

Designing Your “No Rules” Retirement

no-rulesOur concept of retirement is undergoing a metamorphosis. Demographic, societal, and workplace trends have all converged to offer a stage of life—at mid-life and beyond—that is much more fluid and flexible than we previously thought possible. When planning for retirement, we are discovering that the “old rules” have been thrown out and that “no rules” apply. (more…)

Strategies for Building a Laddered Retirement Portfolio

ladder-retirementIf the goal of saving for retirement is to provide financial security, then a key objective of retirement portfolio management should be generating a stable stream of income while preserving investment principal. Bond laddering is a strategy that may address both aspects of that key objective. (more…)

A Sea of Change

sea-of-changeAs we review life in the 21st century, we realize that demographic, economic, workforce, and societal trends are driving a fundamental shift in the way that individuals view and prepare for retirement. Five factors in particular are shaping the realities of the “new retirement”: (more…)

Your Second Wind – Starting Up a New Business in Retirement

retired-starting-businessNot that long ago, retirement meant being put out to pasture, with long days punctuated by occasional games of golf and bridge. But today, with lengthening life expectancies and dwindling pensions, many Americans are looking to retirement as an opportunity to start a new business. “We’ve never before seen so many seniors who are this active and doing so many things,” says Lisa Gundry, a professor of management at DePaul University’s Kellstadt Graduate School, who has worked with seniors in DePaul’s business incubator program. “They’ve accumulated enough financial security so that they are better able to take a risk on a business than someone who is younger and has a mortgage and small children.” (more…)