Cracking the Nest Egg: When Accumulation Becomes Distribution

Download: Cracking the Nest Egg When Accumulation It’s a big transition when you leave the workforce to live off your savings, requiring an attitude adjustment in both you and your advisor. Here are the issues to consider when time, compounding, and conventional investment principles no longer work in your favor. Retirement planning is easy during the accumulation phase. Just stash as much savings as possible into retirement and investment...

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5 Questions to Ask Yourself 5 Years Before You Retire

Download: 5 Questions to Ask Yourself 5 Years Before You Retire Retirement planning takes on added urgency the closer you get to leaving your job. Imagine your future by looking at the major factors: housing, activities, lifestyle, life expectancy, and unexpected events. The first step in any retirement income plan is to envision your retirement and make some decisions about how you will live.  This, in turn, will inform your budget and your...

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Last Will & Testament: Add a Letter Covering These 14 Wishes

Download: Last Will & Testament Add a Letter Covering These 14 Wishes Having a will is necessary, but there is a great deal of information the legal document does not include. Here’s what to cover in a supplemental letter that specifies preferences, discloses critical logistic info, and will save your family significant stress  during a difficult time. Having a proper will goes a long way to prevent family arguments. The guesswork is...

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Factors to Consider When Updating Your Insurance Coverage

Download: Factors to Consider When Updating Insurance Coverage With government health care policies always uncertain and the memory of super storms still fresh, now is a good time to review insurance policies coverage, insurance needs, and emergency plans. Insurance coverage tends to be the stepchild of family financial planning. All too often, insurance is obtained and then put on autopilot, only to be found inadequate when a disaster or...

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Understanding Guardianship for Older Adults

Download: Understanding Guardianship Of Older Adults One day you may find yourself involved in guardianship proceedings for an elderly parent or relative. Here’s an overview of what guardianship means today, how the court evaluates the adult, and what you need to know. Guardianship promises to be a huge issue facing baby boomers in the years ahead as they watch over elderly parents—often from a distance—and wonder if the time has come to take...

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