We’ve provided some online tools to help estimate life expectancy, a topic we discussed last week. We found three we thought we’d share, each with varying degrees of specificity: Go through one or all three to get an estimate. It may be able to help you with your financial retirement strategy. Did you know there …
One of the most important assumptions you will make when planning for retirement is life expectancy. While we can reasonably estimate each of our retirement income sources and dollar amounts, a crucially important variable we don’t have is how long we’ll live: Therefore, you don’t know how long exactly your retirement will last. So what …
Recession Pushed to Summer of 2024? A recession is a significant and prolonged economic downturn, characterized by a decline in economic activity. This includes a contraction in gross domestic product, rising unemployment rates, reduced consumer spending, and decreased business investment. Recessions can be caused by various factors, including financial crises, excessive debt, inflation, supply shocks, …
When is the right time to retire? The answer to this, like every other decision you have to make in retirement, depends on your own personal needs and circumstances. The National Bureau of Economic Research found that “retirement improves both health and life satisfaction” but the age at which you retire impacts your quality of …
We sometimes are asked who a fixed indexed annuity might be a good choice for, versus who might be suited to a variable annuity. And to answer that question, our attention was drawn to a very simple article published by the Insurance Information Institute (Which you can read by clicking here). In short, fixed annuities …
A study from the Center For Retirement Research looked into the decline in wealth for late boomers, and explored what may have contributed to it: “The results show that two factors were at play – a shift in the population towards lower-wealth households and, more importantly, a weakening of the link between work and wealth …
When we think of retirement, we often focus on how much money we have in savings. We often forget that retirement doesn’t necessarily mean having to deplete our savings, it means creating a retirement income strategy off of those savings. Call us, we have some ideas that could allow you to obtain an income stream …
What is Prolonged Grief Disorder? When an individual loses someone close to them, it’s obviously normal for them to feel grief for a long time afterward. The grief could last even years following the death: Different people deal with it differently. But, it’s an important distinction between grief, and what mental health experts are calling …
We often look for ways to get a solid financial footing during the decade before retirement. For years, we save diligently and carefully follow a long-term strategy. But as retirement approaches, your priorities may shift. When retirement is on the horizon, pre-retirees may start to question the choices they have made. A loss of confidence …
We found an article recently from AARP that might interest you. It referenced a “safety-first” approach, which is something we have always believed in. The idea is to cover all of your essential expenses with guaranteed sources of income, meaning sources like Social Security, pensions, and annuities that pay you an income you can’t outlive. …
Donald L Retallick III
FL Insurance License # P109239
Retallick Financial Group
Florida Lic. #L096591
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