The Government’s Newest Rule Is One We’ve Already Been Following

After heated opposition and a two-month delay, the Department of Labor’s Fiduciary Rule became effective June 9, 2017 (with certain documentation requirements applicable on January 1, 2018). This law pertains to any professional who makes investment-related recommendations on employee benefit plans and IRA retirement assets pursuant to an agreement. Legislators hope to educate the public…

How To Set Investment Goals

A sound investment plan begins by determining your objectives while understanding any limitations or constraints that may exist. While most objectives are long-term, a plan must be designed to persevere through changing market environments and be able to adjust for unseen events along the way. If you have multiple goals then each of these goals…

reverse mortgage

Reverse Mortgage: A Possible Back-Up Plan

The numbers are staggering: Baby boomers are turning 65 at a rate of about 10,000 a day. According to the PWC Employee Financial Wellness Survey, roughly half of all baby boomers have saved $100,000 or less. For this generation, retirement may last 30 years or more and and will be expensive. Basic living expenses such as groceries, fuel, and electricity will stretch budgets, leaving little money for hobbies and other leisure activities that the boomers enjoy today.

Gameplan For A Market Hangover

The first quarter picked up where the fourth quarter left off, with equity markets celebrating the surprise of a new U.S. administration that global investors perceived to be more business friendly than the previous one. During the quarter, stocks rallied around the world and along with a pullback in the U.S. dollar and signs that global growth was slowly reviving, many international stocks enjoyed gains in excess of the U.S. While the stock market roared, the bond and commodity markets were less enthused, as bonds bounced and commodities gave back some of the gains that accrued towards the end of the year. By the end of the quarter the equity markets were mostly calm, but with tensions that were beginning to build and signal that some of the election-driven luster was beginning to wear off.

Navigating Healthcare When You Retire

Securing a Health Care Plan in retirement can be a challenge if you retire before age 65 and are Medicare eligible. If you are under 65, there are typically two options available. First, you can continue on your employer’s health insurance (assuming you had an employer who offered health care) for up to 18 months. This is called COBRA. With COBRA, you will pay 102% of the premium—the full cost of the insurance plus a 2% administrative fee. Second, you can obtain your own coverage through the marketplace paying the going rate and keeping that coverage until you are Medicare eligible at age 65. Note that with the first option, the 18 month COBRA period may not take you to age 65 so you might still need to obtain your own policy for some period of time.

Hangovers & Roadmaps

2016 began with a thud and ended with a bang. After one of the worst-ever starts to a year, U.S. stocks managed to rebound and ultimately finish the year with solid gains. Much of the rise came in the final few weeks of the year, following the surprising results of the U.S. presidential election. Indeed, there has been an abrupt change in market sentiment, and asset prices have largely taken their cues from a recalibration of economic expectations in the wake of the surprising Trump victory and Republican sweep of Congress.