One of the great things about the Social Security retirement benefit is that is pays you each month for as long as you live and it has a Cost of Living Adjustment each year to keep pace with living expenses. Recently announced changes to Social Security could mean an increase in retirement benefits for many …
Hack-Proof Your Life Now
You’ve probably seen the headlines about 143 million credit records being leaked at Equifax, a consumer credit reporting agency. Before that, more than a billion accounts were exposed at Yahoo, and 110 million records compromised at Target. Wondering how to keep your information safe? As a fee-only fiduciary financial planner, I’m dedicated to my client’s …
Should I own stock in retirement?
Some investors are concerned about the volatility of the stock market, yet all retired investors do better with investments that grow faster than the rate of inflation. Stocks have historically been the best asset class to keep ahead of inflation. What is a retired couple to do? What percentage of your portfolio should be in …
Thinking about retiring? Do some planning.
You don’t get a haircut just once. Things change and evolve, adjustments need to be made on a regular basis. It’s the same way with your financial game plan. Financial planning is a process, not an event. Let me tell you about Larry and Jane. Larry and Jane wanted to retire and move to Florida, …
Should I Get Credit Insurance?
My client asked me recently about “credit insurance” to protect against the recent Equifax data breach. My answer was no. But a credit FREEZE is a good idea. You have probably seen the headlines about 143 million credit records leaked at Equifax and before that 1 billion accounts were exposed at Yahoo and 110 million …
How do I know if I can retire?
Once upon a time there were jobs that could sustain you for your entire working life. Many of those jobs had valuable pension plans. If you worked there for 30 years, you could quit, take the pension and pay all your bills without having to work another day in your life. It’s just not that …