While inflation has certainly been in the news a lot lately, one topic that hasn’t been discussed all that often is private pensions. Unlike Social Security payments, they typically don’t offer cost-of-living adjustments that keep up with inflation rates. State and local government pensions do typically offer cost of living increases, but this sometimes causes …
There was a great article in the Wall Street Journal this past week that discussed some interesting ideas. The current tight labor market, coupled with the remote and flexible opportunities in the job market, may make retirees think about going back to work in one form or another. Especially when you consider that working may …
“On the surface, retirement planning hasn’t changed all that much over the years. You work, you save and then you retire. But while the mechanics may be the same, today’s savers are facing some challenges that previous generations didn’t have to worry about,” says a recent CNBC article. We’ve touched on some of those challenges …
“Slow and steady wins the race” is an idiom we’ve all heard. But you probably haven’t thought to apply it to planning for retirement. Taking a slower, more consistent approach often leads to a better outcome. It’s easy to forget this, and to take risks in an attempt to catch up. That’s not necessary. Remaining …
This week’s article focuses on the fact that while “everyone’s retirement is different, 2022 is going to have some big differences from 2021 that will affect almost every retiree and retirement saver to some degree.” The article explains the specifics of what those differences are, including: Higher social security payouts Higher standard deductions for your …
What can be done to reduce those risks? You’ve been saving for years and have finally retired. There are so many world events going on, both domestically and abroad, that the only constant now seems to be change. The news is full of commentaries about market declines and inflation but we can provide you with …
We’ve received questions from some of our clients asking what a hike in the Fed rate means to them. As a result, we reached out to an investment strategist to see what they said. “This year’s expected series of rate hikes, the first since 2015, marks the beginning of Fed Policy normalization. But it also …
Last week many people heard about the Kentucky Teachers’ Retirement System losing more than $3 million when it sold off its direct investments in a Russian Bank. (read more here) However, they aren’t the only pension funds in possible trouble. Many state pension funds have Russian financial holdings. “Pensions in the U.S. and around the …
With news reports saying the markets are nearing “bear market territory,” people are starting to ask us what that actually means. Let’s start with definitions: “A bear market is when a market experiences prolonged price declines. It typically describes a condition in which securities prices fall 20% or more.” “Bear markets also may accompany general …
There are many factors to understanding whether you are on track to meet your financial goals for retirement. These not only include what you have set aside in savings and investments, but your rate of return, and inflation. If factors you can’t control such as the market or inflation have undermined where you thought you …
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