The Impact Trump’s Election Will Have on Retirement Plans

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The surprise election of Donald Trump is beginning to settle in and we now have time to think about how his positions during the campaign will impact the retirement industry going forward. There are three main areas we think will be affected: Regulations: Trump campaigned that government regulations were strangling business growth. In the retirement… [Read More]

Uncertainties in the Market Are No Reason to Panic

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Brexit…what Brexit? When I started planning this blog several weeks ago, the markets were in deep turmoil. British voters had just unexpectedly voted to leave the European Union and the U.S. stock markets had a severe reaction. The Dow Jones Industrial Average dropped over 600 points the day the news broke and fell more than 250… [Read More]

Healthcare for Retirees

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Retiree healthcare costs have taken a back seat to the escalation of costs for active employees. And though a 2015 report from the Kaiser Family Foundation shows 23% of employers with at least 200 employees offered retiree healthcare coverage (down from 32% in 2005 and 66% in 1988), my sense is that these costs have… [Read More]

Obama Pushes to Expand Retirement Savings

retirement cost savings

Last month, the White House unveiled several proposals intended to expand retirement savings to more than 30 million American workers. President Obama introduced these items to Congress last week as part of his 2017 budget. But before you get too excited, it may be a while before, or possibly never that, workers will start seeing the… [Read More]

What Happens If You Live Too Long? Longevity Annuities Are the New Tool in Long-Term Planning

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When my New York Mets were playing the Chicago Cubs for the National League pennant last month, I was reminded every day that the Cubs were predicted to win the World Series in 2015 according to Back to the Future. Coincidentally, I started my career 30 years ago by advising clients on how to pay… [Read More]

Negotiating the Bumpy Road to Retirement

Retirement Stock Market Investing

If the volatility of the stock market over the past couple weeks has taught us anything, it is the uselessness of participants trying to time the markets.  With the Dow Jones Industrial Index decreasing by several hundred points one day, increasing by several hundred points the next day, and sometimes doing both within the same… [Read More]

Is the MyRA Worth All the Fuss?

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2015 marks the rollout of the MyRA. Introduced by President Obama in his 2014 State of the Union address, the MyRA provides tax-advantaged savings for people who do not have access to an employer-sponsored retirement plan. As many of these accounts will go live this year, it is important to understand the pros and cons… [Read More]

When More Income is the Outcome

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For many years, we have been living in the era of low interest rates. While this environment has consequences for all of us, retirees and their advisors are particularly feeling the impact. Projections and assumptions that many pre-retirees incorporated into their planning have been ratcheted down as rates declined and remained low. Many Americans are… [Read More]