Born in the period between 1946 and 1964, a new wave of baby boomers retires every day. And for those boomers turning 62 this year, this will be the first opportunity to claim Social Security benefits. Unfortunately, they’ll suffer penalties if they do so before full retirement age. That’s why it’s so important to know…
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As financial planning for clients grows more complex, it becomes increasingly difficult for planners to recognize every planning issue, opportunity, and concern from memory alone. As a result, there is an increasing risk that planners make a mistake—albeit by accident—in the struggle of trying to apply everything they have learned to an incredibly wide range…
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The second quarter of 2019 brought more gains for investors, with the S&P 500 Index hitting a new record high of 2,954 on June 20th in the process. While impressive, in order to get there, market participants had to endure yet another bout of volatility, including a swift correction in May. Developed international stocks also…
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The Pinnacle investment team has been working diligently for the past eight weeks to gradually move our managed portfolios to a neutral asset allocation. This leads to the question, what the heck is a “neutral” asset allocation and why should I care? Interestingly, a large percentage of the traditional investment world (by traditional, I mean…
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Do you feel confident that you are saving enough for retirement? If not, here are five ways to boost your retirement savings. 1. Know your numbers Many people have no idea how much they actually need to save to meet their retirement goals. If you don’t know your individual numbers, you might assume you need…
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On May 23, 2019, the House approved the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 by a vote of 417 to 3, extending the age when investors must start taking distributions along with many other provisions. Most notably, one major provision includes moving the beginning of RMDs (Required Minimum Distributions) from…
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You decided right out of college that you wanted to achieve financial independence and retire early. With that plan in mind, you lived within or below your means, you tracked your spending and savings, and you invested a huge percentage of your income and let the magical powers of compounding interest do its thing. Now…
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In planning for retirement, most people rightly concentrate on whether or not there will be enough money to support themselves in a comfortable fashion throughout their remaining lives. But financial considerations are just one of the concerns that people face when looking at their retirement planning. Where to retire is often given a lower priority,…
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During the first quarter of 2019, markets staged an unexpectedly scorching bounce-back from a tough end of the year in 2018, and in the process, washed away investor fears that had built during the back half of 2018. Domestic and international stocks led the charge with double digit returns; commodities and corporate bonds had a…
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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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