Despite a steady drumbeat of media coverage that Baby Boomers aren’t saving enough for retirement, a recent PwC survey of Boomers found that their biggest fear about retirement isn’t actually running out of money before the end of retirement, but how they’re going to handle their health care costs in retirement. That fear isn’t necessarily…
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So you’ve made it to retirement, and realize you have done it with room to spare. A surplus of assets, more than enough to cover your desired lifestyle for many years to come, puts you in a position to have a meaningful impact on the lives of those you love, and on the causes you…
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In the unlikely event of a loss of cabin pressure, panels above your seat will open revealing oxygen masks. Reach up and pull a mask towards you… Secure your own mask first before helping others. If you have ever flown on an airline, you have no doubt heard this speech. When I fly with my children,…
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Mistakes made when planning for your retirement can have disastrous consequences. Here are eight critical (but common) errors you should avoid… 1. Don’t retire away from a job; instead, retire to a well-designed retirement plan. Spend time thinking about what you want to do in retirement. What will you do every day? Will you…
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Eight out of every ten American adults have some form of debt. Properly managed, debt can enhance a person’s lifestyle. For something so common, though, people often have conflicting emotions about it. In fact, debt is the top cause of financial stress in the United States. The situation is not helped by the hysteria and…
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The fourth quarter of 2018 did not usher in the typical year-end rally that investors have come to expect in recent years. Global equity markets got off to a weak start, failed to recover, and ultimately plummeted, as weak business indicators collided with perceived governmental policy risks with respect to the Federal Reserve. Commodity markets…
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If you’re a Pinnacle client, I have some very good news for you. I’ll get to that in a moment, but first, I want to share a few observations about recent market activity… Based on the current status of the markets as related by the media, are investors entitled to be anxious? Nervous? Frightened? Of…
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For prospective retirees who don’t simply want to annuitize most or all of their wealth, determining how best to invest a retirement portfolio to generate income is a substantial challenge. This is the case not only because of the need to invest for enough growth to sustain inflation-adjusting retirement distributions over time, and managing portfolio…
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Mahatma Gandhi said, “The best way to find yourself is to lose yourself in the service of others.” A 2008 study by Harvard Business School found that giving money to someone else lifted participants’ happiness more that spending it on themselves. These good feelings are reflected in our biology. In a 2006 study, the National…
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That’s a question many investment advisors are hearing these days when they dare to answer the phone. Understandably, the investor sees the stock market reaching new highs, then they look at their portfolios and see either no gains, or a gain considerably lower than the one posted by the stock market. Indeed, the S&P 500 is up 10% so…
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