How to Reduce Decision Risk as You Age
Retirement planning isn’t just about market performance — it’s also about decision making risk. As we age, memory, focus, and judgment naturally begin to change and can make ongoing, complex financial decisions more difficult. These shifts can quietly increase the risk of missed bills, poor timing, or costly mistakes, potentially weakening long term retirement security. […]
Health-Related Risks and Retirement Scripted Conversation
This financial professional-focused conversation guide from the LIMRA Retirement Income Institute provides a structured framework for client discussions about health-related risks and their impact on retirement security. Designed primarily for Gen X and pre-retiree households, it reframes retirement planning through the lens of longevity, chronic illness, caregiving, and long- term care—risks that research shows clients […]
New Retirement Formula
New Retirement Formula How will you cover your expenses when you’re no longer receiving a paycheck? And how much money will you need in retirement? Those are questions that most retirees struggle to answer. With fewer Americans having pensions, more of us rely on savings to supplement Social Security. But Social Security typically accounts for […]
What Path Will You Take in Retirement
What Path Will You Take in Retirement? When considering your budget in retirement, there are three general paths people take: those who spend too little; those who spend too much; and those who identify the optimal spend level. People who spend too little often live in constant fear that they will run out of money. […]
Guaranteed Retirement Income: Cover Your Wants, Not Just Your Needs
Guaranteed Retirement Income: Cover Your Wants, Not Just Your Needs Everybody needs a steady retirement paycheck to cover the basics: shelter, clothing, food, transportation and healthcare. But what about wants beyond those five basic needs? “People aren’t happy just meeting those living expenses. They say, ‘I want more. I want to live a comfortable life,’” […]
Retirement G.P.S.—Grow, Protect, Spend
Retirement G.P.S. – Grow, Protect, Spend While there may be many twists and turns in the road, our financial lifecycle is linear. As we age, financial priorities progress through three phases: Grow, Protect and Spend. It’s possible that as we move forward, we can be in two segments simultaneously, e.g., Protect and Spend or Grow […]
Inflation Taking a Bite Out of Your Retirement Income?
Inflation Taking a Bite Out of Your Retirement Income? For most people there’s an inverse relationship between inflation and their lifestyle. Simply stated, rising inflation directly [and sometimes dramatically] causes you to lose spending power. Everyday activities cost more – driving, eating, heating your home, etc. To combat rising costs there are a couple of […]
3 Keys to Income Planning Accompanying Handout
3 Keys to Income Planning and Answering What’s Next? CHALLENGE: Americans spend decades working, saving, and anticipating retirement. But as they approach their post-work life, many don’t know how their retirement savings will generate a reliable source of protected income. Income planning is a critical subset of retirement planning because it focuses on the income […]
Healthcare Costs The Top Uncertainty For New and Soon-to-Be Retirees
Healthcare Costs the Top Uncertainty for New and Soon-to-Be Retirees If you’ve ever dealt with serious illness or have been a caregiver for family members, you already understand the importance of thinking ahead about healthcare costs. It’s also top-of-mind for many Americans close to retirement age, according to a March survey – Retirement Reset – […]
The 5 Questions You Should Ask Your Financial Professional During Market Volatility
The 5 Questions You Should Ask Your Financial Professional During Market Volatility Often our instinctive reaction in times of market volatility is to pick up the phone and call the person managing our money. Rightfully so. We put significant trust in the person looking after our hard-earned dollars, and the uncertainty of market ups and […]