F&G Annuities & Life, Inc. surveyed more than 2,000 pre-retirees and retirees to understand their perception of retirement. Surprisingly, the survey revealed that over 50% of participants decided to postpone retirement or planned to ‘un-retire.’ Many may assume that the primary reason for this is the need for financial support to fund the retirement lifestyle. […]
Life insurance is an important piece of financial planning basics, particularly for those who are working towards financial security and independence. Whether you are not quite sure what life insurance is, or you are just curious and want to learn more, the topics below may help you better understand life insurance and how it can […]
The Federal Reserve Bank of New York recently published the 2nd quarter Household Debt and Credit Report. For the fifth straight quarter, the report shows an increase in the use of Home Equity Lines of Credit (HELOC). The rise in usage could be the result of consumers feeling more pressure from high inflation and already […]
Taylor Swift’s Eras Concert Tour is taking the country by storm, with hundreds of thousands of concertgoers paying an average of $1,300 to see the renowned music superstar perform. While it’s natural that people are eager to indulge in experiences like concerts and travel after the pandemic, it’s important for consumers to remember that spending […]
According to a recent study conducted by Experian, a national credit reporting agency, 70% of millennial and Gen Z (ages 18-42) participants reported receiving financial support from their parents. Times are undoubtedly tough financially due to higher food, gas, rent, and housing costs. Still, it may be time for parents to use some tough love […]
Aretha Franklin, known as the Queen of Soul, left behind a musical legacy and an important lesson in estate planning. Even after five years of her passing in 2018 due to pancreatic cancer, her children are still settling matters regarding her estate, estimated to be worth $10 million. The reason for the delay was that […]
Developing a detailed estate plan is a vital component of the financial planning process. Although children are not always consulted during the execution of estate plans, there are some circumstances where they should be involved, or at the very least, informed of the details. Below are a few of these instances: Children Given Responsibilities: When […]
By Kimberly Reynolds Sometimes life can lead us down unexpected paths. For example, we may set out to pursue a particular career, but through chance or divine intervention, we are presented with a different opportunity. For me, it was important to choose a career that aligned with my passion for serving others and making a […]
Previously, we discussed the psychological difficulties that retirees may encounter as they strive for a comfortable retirement. We will now concentrate on the challenges of creating and managing a portfolio and the measures that retirees can take to overcome these challenges. Portfolio Positioning When planning for retirement, investors should adjust their portfolio strategy from a […]
Planning for retirement can be an overwhelming task, with numerous challenges to overcome. Generally, these challenges fall into two categories: psychological and portfolio management/construction. Over the next few weeks, I will offer guidance on these categories aimed at those who are nearing retirement or already retired. Let’s begin by addressing the psychological hurdles: Replacing a […]