A recent widow was overwhelmed with financial details following her husband's death. It was late 2007—financial uncertainty was in the air, and she had more debt than she felt comfortable with. She had two properties she wanted to sell in a challenging real estate market. Insurance proceeds would be forthcoming, and she knew the details
A female head of a high profile Nashville institution was keenly aware of the importance of timing in leadership change. It was important to her that the institution, whose profile she raised, transition smoothly. She and her husband had been clients for several years leading up to her retirement. During the pre-retirement period, we kept
What effect will the tragic ISIS strikes on Paris have on the world economy? Nicholas Wells offers analysis and a forecast for the long term. In spite of fear provoked by the terrorist attacks, the popularity of the Islamic state is starting to wear out, even as it still poses a threat. In other news,
The budget agreement signed by the President contains two provisions of interest to retirees. In addition, Medicare issued new rules authorizing end-of-life discussions between doctors and patients. What Congress Just Did to Social Security. Two popular Social Security benefit-boosting strategies that could have increased lifetime benefits up to $50,000 have been eliminated. File-and-suspend , along
We know a few people retiring this year. Each new cohort of retirees faces its own set of challenges. This week we highlight a few issues for this year’s retirees to consider. You will be retiring into a sluggish economic recovery. While the economy is improving, the rate of improvement is much lower than expected.
Hardly a week goes by without our having several discussions about the financial aspects of retirement. This week we address some issues from the last several days. How much house can I afford? The traditional rule of thumb—i.e., not more than 28% of your monthly income going for a mortgage payment—is not particularly helpful. There
We’ve had a few conversations lately with clients on the edge of retirement or having recently crossed over to the other side. A few articles this week shed light on several key issues. The Average Retirement Age—An Update. Today’s average retirement ages of 64 for men and 62 for women are about the same as
Intriguing subject matter relating to retirement was the topic of several sessions at the AICPA Advanced Personal Financial Planning Conference held January 19-21, 2015. This week we share some of the conference’s golden nuggets. What makes for a Satisfying Retirement? Although money matters, planning for a lifestyle can be equally important in order to get