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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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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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Empty Nest? Here’s How To Make The Most Of Your New Freedom

Kids cost a lot to raise. No kidding. So when they’re finally out of the house, smart parents decide it’s time to play catch up with their retirement savings accounts. We talked to financial journalist Greg Daugherty about how empty nesters can make the most of this newly liberated phase of their lives, in an […]

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3,120 Reasons Women Fall Behind In Saving For Retirement

It’s simple math. Women are on average out of the workforce 12 years to care for children or an older relative. That’s 12 years of lost salary, benefits, and savings. To break it down further, that’s 3,120 days of missed work, during which they serve – unpaid – at home raising children or caring for […]

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Just Why Are We So Concerned About Making Your Money Last?

Our clients know that one of the things we talk about a lot is how to make your money last. That means making smart decisions about how to invest and how much to spend each year. When you look at the facts behind longevity – how long you are likely to live – you’ll understand our […]

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Retiring In Florida: Here’s What It Really Costs To Live The Dream In 3 Different Cities

Florida is one of the best places to retire in America. But how much does it really cost for a dream retirement in the Sunshine State? We just collaborated with journalist Hillary Hoffower of Business Insider to calculate what the typical retiree really needs to stake out their place in the sun. The rules? Our […]

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Retirement’s Big Health Care Bill, And How To Tame It

How much do you need to budget for health care expenses in retirement? Spoiler alert: It’s a big number with a lot of zeroes. According to Fidelity Investments, which has been measuring health care costs since 2002, staying healthy will run the average retiree couple about $9,400 per year, or almost $800 per month. That […]

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What Color Is Your Financial Future: Red, Yellow, Or Green?

Picture this: we’re meeting with clients in our conference room. Last time we put their retirement scenarios to the test, the results weren’t good. They had less than a 50% probability of making their money last. We coach them on what it will take to win the retirement challenge, and have them set a new […]

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