Why Dismissing Social Security in Your Retirement Plan Is a Mistake

By: Jarret Simpson

When the subject of Social Security comes up during retirement planning conversations, both younger and older investors often greet it with a healthy dose of cynicism. Such discussions tend to include comments like, “Oh yeah, sure. If there’s even anything left for me” or “Isn’t Social Security going bankrupt?” Sometimes I hear a more draconian stance, like, “I just plan on it not being around when I’m retired.” This last viewpoint actually is quite common. According to a study by AARP, 65% of adults are not confident about Social Security’s future. (more…)

Retirement Income Realities & Solutions

The goal of traditional retirement planning has been to build a “nest egg” of personal savings and investments that will supplement Social Security and pension benefits.  Together, these three sources of retirement income have long been referred to as the proverbial “three legged stool”—a solid and well-balanced foundation for building financial security in old age. (more…)

The Role of “Work” in Retirement

The concept of retirement is undergoing a metamorphosis.  Demographic, societal, and workplace trends have all converged to offer a stage of life that is much more fluid and flexible than what most of us previously imagined.  In fact, retirement has become a matter of personal definition. (more…)

Target-Date Retirement Funds among the Most Popular Investments for Retirement

According to USNews.com, investments in Target Date Retirement Funds have shown unprecedented growth among investments for retirement, with numbers “approaching $400 billion, [and] with projected sales of $2 trillion by 2020.” The reasons for this popularity among those investing for retirement are twofold: 1) ease of fund management for investors and, 2) the default status these funds have enjoyed since 2006 – if 401k account holders do not select an investment, employer plans are allowed to “default” the employee’s 401k into a Target-Date fund. (more…)

The Third Age Redefines Lifespan Realities

As we navigate life in the 21st century, the trend that will have the most profound effect on the future of our society (and other industrialized societies) is the “Age Wave.”  In other words, we are living longer and the percentage of older adults is growing at an unprecedented rate. (more…)