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
Conversations with clients and prospects inspire the selection of articles to include each week. These articles address content of recent conversations. Confronting the tax drag. Taxes can present a formidable risk for investors seeking to protect and grow their wealth. Exacerbating the risk these days, taxes have risen for many investors and may rise further
We have consulted over the past year with a number of clients and friends dealing with the serious illness of a family member. Indeed, we have dealt with this in our own families, and have gained what feels like a lifetime of experience compressed into a single year. This week we share a few things
“Our parents ran out of money.” The parents did not fit the profile of a couple that would run out of money. It was surprising. They were typical of the best of the old Southern gentry. He went to Washington & Lee, served his country in World War II, and got his MBA from Wharton.
What time is it in your life? A number of recent conversations have centered on this topic. Is it time to transition to retirement, to relocate, to downsize, or to sell a business? All of these decisions--well-conceived and executed—can make a difference in the quality of your retirement. From an advisor’s perspective, it is beautiful