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Take A Deep Breath. Market Pullbacks Are Normal.

Last week’s sudden market decline probably took more than a few investors by surprise. So perhaps this is a good time to remind everyone that market pullbacks are normal occurrences, taking place about once per year on average. (See our previous article Don’t Turn Market’s Temporary Pullbacks Into Permanent Losses.) It’s hard not to react emotionally […]

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Quote Of The Week: Break This Retirement Rule And You’ll Be Eating Alpo

You’ve probably heard of the 4% withdrawal rule, right? Based on research, most financial planners and retirement experts think you can withdraw roughly 4% of the value of your portfolio each year and spend it. Withdraw more, and you risk running out of money before you run out of life. (We use a modified 4% rule in our practice, with […]

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What Women Execs Think About Work & Diversity In South Florida

I attended an outstanding roundtable discussion last week featuring four of South Florida’s high-powered female executives, like (featured left to right in the photo) Suzanne Ferguson, General Counsel at Hotwire Communications; Margaret Nee, Manager of Real Estate Transactions at Baptist Health; Caroline Fleischer, Managing Principal at Cresa; and Andrea Schliessman, Senior Direction of Learning & […]

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Social Security Recipients To Get Bigger Inflation Hike In 2019

A 2.8% inflation adjustment might not seem like a lot, but compared to previous years, it’s an epic leap. If you receive Social Security benefits, that 2.8% increase is the Cost of Living Adjustment (COLA) you’re likely to get in 2019. If that seems skimpy, just realize it would be the biggest inflation hike since […]

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Giving Smarter: Using Your IRA To Make The World A Better Place

You may be like several of our clients who enjoy making charitable gifts. In the last few months, we’ve helped clients make generous donations to a number of programs benefitting colleges and universities, scholarship programs for working students, and international education organizations. To all of you who have made donations or who have helped good causes […]

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Small Business Owners: Act Fast To Open “SIMPLE” Retirement Plans

If you are a small business owner with no retirement plan in place, you have until October 1 to cut your tax bill and play retirement catch-up by setting up a SIMPLE-IRA retirement savings account for 2018. Opening a plan by the deadline will let you contribute and deduct a full year’s retirement contribution for 2018. […]

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More Money In Your Pocket: Are People Overestimating Health Care Costs in Retirement?

Here’s what may be some positive news about retirement. Several studies have estimated health care costs in retirement at $5,000 or more per year, per person. For 16 years, Fidelity Investments has surveyed retirees to get a good estimate of their health care costs. Their research has found that a typical 65-year old couple retiring this year […]

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When It Comes To Retirement Income, Less Than 1 Out Of 4 Gets It Right

One of the most important decisions you need to make in retirement is how much income to withdraw from your savings each year. Too much, and you’ll go broke. Too little, and you’ll miss out on the fun. But when preretirees were asked how much they thought they could safely withdraw each year, less than […]

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What I Learned About Financial Planning In My Week “Down Under”

It was fantastic, instructive and inspirational, but way too short.  Our whirlwind week Down Under is unfortunately over and we’re safely back home (even my suitcase, which went walkabout for three days, had the good sense to finally come home!). I had the privilege of traveling to Australia as part of the U.S. Financial Planning Association’s […]

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Illustration by Chris Gash - Wall Street Journal

Should You Pay Off The Mortgage?

Thoughtful article by financial journalist Robyn A. Friedman on whether it makes sense to pay off the mortgage as you approach retirement. Debt-free peace of mind Many of our clients have paid off their mortgage entirely, usually because they wanted the peace of mind of being debt-free. When we sit down to review their retirement […]

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