A study from Allianz Life shows that older Americans may be too confident in their ability to detect and stop elder financial abuse. The Safeguarding Our Seniors Study polled more than 2,000 Americans–both potential victims (ages 65+) and their friends/family (ages 40-64)–and...

InvestmentNews reported that a budget agreement by congressional leaders and the White House would end popular Social Security claiming strategies. Once it becomes law, it could cut off payments for beneficiaries, according to those familiar with the deal. According to the article,...

A recent Bloomberg article by Justin Fox highlights an upcoming challenge for aging investors: declining cognitive skills. According to the article, a 2009 study by David Laibson, Sumit Agarwal, John C. Driscoll and Xavier Gabaox, cognitive function peaks at age 53 and starts to...

In an article for AdviceIQ, Jim Blankenship offers some tips on how to minimize your 401(k) fees. Kept unchecked, the fees can become a significant drag on your investment performance. When evaluating a plan, Blankenship says investors should consider its internal expense ratio–the...

In a recent BankRate.com article, Greg McBride suggests that the recent slump in financial markets may present an opportunity for investors to convert to a Roth IRA. A Roth IRA can be tapped tax-free in retirement, and unlike your 401(k) or a traditional IRA, there are no required...

According to TIAA-CREFF’s fourth annual Advice Matters survey, 63% of Americans believe that don’t have enough money to seek investment advice. However, nearly three our of four respondents said they would like to receive financial advice in the future. The survey also...

Withdrawal Rate

One of the biggest fears retirees, or those nearing retirement, face is that they will outlive their retirement assets. A recent article from Financial Advisor cites research that does little to alleviate those fears. New research shows that Americans retiring in 2015 need to be...

millennials

In a CNBC commentary, Evan Kirkpatrick, founder and chief executive of Wendell Charles Financial, discusses what millennials need to know about retirement planning. As of the first quarter of 2015, according to the Pew Research Center, millennials are now the largest generation...

With the exception of only the top income quintile, Social Security is the largest source of retirement income for all Americans. While many retirees also heavily rely on their investments to provide income, they face a challenge in balancing their personal savings against Social...

I have been skeptical of variable universal life insurance policies (VULs) since they became popular enough to show up on my radar screen in the late 1980s. In the beginning my skepticism was just instinct. Then experience proved that it wasn’t misplaced. Though I have been...