Retirement Planning

Are You On Track For Retirement?

Fidelity Investments has created a set of guidelines to help individuals benchmark their savings progress at different ages throughout their careers. Although the guidelines are broad and individual circumstances may differ, they provide useful markers for tracking one’s savings goals over time. The guidelines are based on your current annual income and are as follows: […]

To Retire or Not… That is the Question

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. […]

Taylor Swift and the Time Value of Money

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 […]

Achieving A Comfortable Retirement – Part 2

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 […]

Achieving A Comfortable Retirement – Part 1

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 […]

How Much Money Do You Need To Be Wealthy?

Charles Schwab & Company recently released its 2023 Modern Wealth Survey, polling a cross-section of Americans and asking the average net worth needed to be among the ranks of the rich. The result was $2.2 million. Almost half of respondents said they feel wealthy today, with an average net worth of only $560,000. Surprising to […]

Discovering Purpose and Identity in Retirement

By The Welch Group Retirement offers more than days spent on a beach or a golf course. It’s an opportunity to redefine your purpose, prioritize your health, and rediscover your identity. After years of hard work, it’s your time to embark on a new adventure of self-discovery that brings fulfillment and joy to every aspect […]

Is Now a Good Time to Invest in Stocks?

Last year the stock market was down over 18%. So far this year, stocks are up about 8%, but we face potential headwinds of a recession. Is now a good time to invest? To best answer this question requires a quick review of the stock market’s history. In the short term, the stock market can […]

Guarding Against a Weakening US Dollar

Following the Bretton Woods agreement post World War II, and the agreement between the United States and Saudi Arabia in the 1970s to trade oil in US dollars, the US dollar stood alone as the preeminent global currency for almost 80 years. While the United States continues to enjoy this status, concerns are increasing around […]

The Social Security Decision Tree

Social Security Retirement Income has evolved into the foundation of retirement planning for most workers, representing most of the retirement income, on average, for older Americans. Remember that Social Security Retirement Income is subject to cost-of-living increases, making it a very valuable income source for your retirement. This means making the right decision about when […]