Recent research suggests that many individuals experience a mind shift as they approach retirement, resulting in a retirement earlier than planned and no transition period.
- Client Life Events
This month brings two major financial decisions that can impact the lives of parents and children for decades. It’s time for graduating high school seniors to select where they will be going to college, and for parents to decide what to do with their tax refunds.
The Bipartisan Budget Act of 2018 will affect hardship distributions, multiemployer plans and income tax returns for individuals over 65.
Something unexpected has been the shared experience for our most recent generation of retirees. The vast majority haven't been spending their retirement savings—leaving nest eggs mostly untouched and living on ready sources of income instead. However, future retirees may be less fortunate.
This paper presents five decision rules designed to help advisors and clients deal with the uncontrollable variables of market performance and inflation during the retirement asset distribution phase.
Even if a child has as little as $1 in college savings, he or she is two and half times more likely to graduate from college than a child with no savings. Fortunately, parents can contribute to help students earn their degree in a variety of ways.
Sudden retirees are typically forced to make decisions before they feel ready to do so. If you are fortunate enough to exercise some control over when you will retire, you have an advantage over sudden retirees.