Articles in "Retirement" category:

Invest for What: Bringing Retirement out of the Abstract

  Michael Lynch     Tue Jun 05 11:00:00 EDT 2018 

blog_Quality of Life

Retirement may seem like a far-off, intangible concept for many people, and yet, from an early age, we regularly allocate a sizeable portion of our income to fund it.  Saving for retirement is expected, but it can be hard to plan for a future that is almost completely unknown—it is almost like paying a mortgage on a house you’ve never seen.

When I think back to when my wife and I bought our home, we had a laundry list of specifications: location, taxes, number of bedrooms/bathrooms, size of the kitchen, single-family home or a townhome, etc. When we found houses that met enough of our criteria, we visited each one and weighed the pros and cons until we purchased the one we loved.

I can’t say I would agree to pay for a home that I’ve never seen, and yet telling clients to save for retirement is essentially asking them to put money aside for something they’ve never experienced. Retirement can be ambiguous and unpredictable, but it is also—like buying a house—one of the most substantial investments we make in our lifetime. Shouldn’t we also have a list of criteria for how we want to live in retirement?

Error...Retirement Goal Not Found

  Julie L. Genjac     Tue May 15 10:00:00 EDT 2018 

blog_Error Retirement Goal Not Found

For many, relying on GPS is a given—gone are the days of keeping an atlas in the car or printing out turn-by-turn directions—and we often unwittingly obey whatever directional commands we’re given. A GPS will not question the destination you enter; it will simply tell you how to get there. While a higher-end model may allow you to customize the route to help you get there faster, avoid paying tolls, or put the lowest mileage on your car, GPS is designed with the sole purpose of getting you from point A to point B. 

The Future of Advice

  Bill McManus     Tue May 01 11:00:00 EDT 2018 

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The retirement landscape is evolving, and many investors may not be as prepared as they think they are for this stage of their life. People are living longer, each generation is becoming more educated, family dynamics are changing, and technology is infiltrating every part of our lives. For a financial advisor, these trends may mean that your clients’ needs and their expectations of your role are expanding.

We recently hosted Dr. Joe Coughlin of the MIT AgeLab to discuss how advisors can transition into what the MIT Age Lab has coined a “longevity-based advisor.” A longevity-based advisor guides clients with education, resources, and solutions to the challenges that longer lifespans and this new retirement can present.

What's Your Why?

  Michael Lynch     Tue Apr 03 10:00:00 EDT 2018 

Blog_What's Your Why

Have you ever stopped your clients and asked them, in regard to retirement, what exactly it is they’re saving for? Retirement is one of your clients’ largest investments, and it is one they put money away for sight unseen. A dream home, the kids’ education, care for elderly relatives, and transportation are all tangible investments. What about retirement? If you asked your clients to paint the picture of what their retirement looks like, would they be able to?

Ten Years Later: How the Financial Crisis is Still Impacting Investors

  John Diehl     Tue Nov 28 09:30:00 EST 2017 

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Ten years ago, the U.S. housing market collapsed, which triggered the start of what is known as the Great Recession. Now that a decade has passed, Hartford Funds conducted a survey to find out how Americans were impacted and whether they changed their financial behaviors as a result. Three key points emerged from this survey that financial advisors may find to be particularly useful.