Four Retirement Readiness Fixes For Baby Boomers

Dec 21, 2018 9:50:00 AM / by Darwin Bayston, CFA

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(NAPS)—The Stanford Center on Longevity’s 2018 “Sightlines Report” found that baby boomers have accumulated less household wealth and carry more debt in comparison to previous generations of American retirees.

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4 Ways to Downsize in Retirement

Aug 20, 2018 10:20:00 AM / by Darwin Bayston, CFA

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A common decision that faces nearly all seniors at some point is when to begin “downsizing” for retirement. Many older Americans who have lived in the same house for decades eventually conclude they just don’t need as much room in retirement as they needed while raising their families — and in fact the extra space isn’t worth the expense and time required for its maintenance. The fact is that downsizing isn’t a concept limited to the size of your house or the amount of possessions sitting in boxes.

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How to Embrace the New Era of “DIY” Retirement Funding

Jul 13, 2018 8:53:00 AM / by Darwin Bayston, CFA

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In previous generations, it was common for an American to land a job at a stable company, work for that same employer for decades, then retire one day with the proverbial gold watch and a nice pension to supplement their monthly Social Security checks.

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Protect Your Health By Protecting Your Retirement Savings

Jul 1, 2018 8:46:00 AM / by Darwin Bayston, CFA

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(NAPSI)—Anyone who has ever seen a retirement account take a hit during a recession or stock market correction knows firsthand that it takes a mental and emotional toll. New research, however, has discovered that it also makes you sick.

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Survey Finds Financial Stress High in U.S., Fueled by Retirement Planning Concerns

Jun 11, 2018 3:41:00 PM / by Darwin Bayston, CFA

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A recent Harris Poll survey, conducted on behalf of Purchasing Power, found that 87 percent of American adults are at least somewhat stressed about their current finances, with nearly one in four (23 percent) indicating they have either “quite a bit” or “a great deal” of financial stress. In spite of the healthy U.S. economy, 39 percent of full-time employees revealed that their stress level has actually increased in the past 12 months.

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New Tax Law May Benefit Seniors Interested in Selling a Life Insurance Policy

May 31, 2018 12:00:00 AM / by Darwin Bayston, CFA

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The passage late last year of a new law that includes sweeping changes to the tax code — the Tax Cuts and Jobs Act of 2017 — was welcome news to business executives, who saw their corporate tax rates cut significantly, and to many American consumers, most of whom will see more money in their paychecks as they pay lower federal income taxes this year.

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5 Tips for Managing Your Retirement in a Volatile Market

May 21, 2018 10:16:00 AM / by Darwin Bayston, CFA

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After an unusually tranquil and steady climb higher in 2017, U.S. stock markets have reminded us this year of how volatile they can be at times. Dow Jones MarketWatch reported this month that so far in 2018, the S&P 500 stock index has gained or lost more than 1% in a single trading day on 32 days. One day that many retirees in particular can recall was February 5th, when the S&P 500 dropped more than 4% — a one-day negative swing that we had not experienced in nearly seven years.

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The Uberisation of Selling Your Life Insurance Policy

May 17, 2018 12:00:00 AM / by R. Scott Harris, CMO, Magna Life Settlements

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Her bags are packed, but there's one thing left to do. Ruthie checks her smartphone and confirms that the dog sitter is scheduled to come by today to feed Bella. As she's browsing her dog sitting app, she receives a text message that the Uber her grandson sent for her has arrived. She locks the front door and gets into the car as her driver kindly puts her suitcase into the trunk. Ruthie's adventure has begun. It's time for the trip of her lifetime: a cruise to Alaska with her children and grandchildren.

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Don't Surrender Your Life Insurance Policy! Sell Your Cash Value to a Life Settlement Company

May 10, 2018 2:33:00 PM / by Mark P. Cussen, CFP, CMFC, AFC

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Let's say you have a cash value or convertible term life insurance policy, but you really need the money now. Or, maybe you're finding it hard to keep paying the premiums.

Instead of just surrendering your policy to the insurance company for its current cash value, there's a way to get a better profit. You can sell your cash value or convertible term life insurance policy to a life settlement company.

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$22 Billion is Left on the Table Annually that Could Be Used for Long-Term Care

Apr 24, 2018 11:36:00 AM / by Jon B. Mendelsohn CEO, AsharGroup.com

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As life settlement brokers, we know that seniors age 65 and older are leaving huge amounts of money on the table in lapsed and surrendered life insurance policies. That’s why we work so hard with financial advisors to help seniors sell their life insurance policies. A life settlement can provide much needed liquidity for some of life’s most burdensome expenses, like long-term care or medical costs.

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