To Delay Or Not To Delay: What Some New Studies Say About Social Security Claiming

2016-12-04 18_18_37-Morguefile free photographs for commercial useWhen it comes to determining when to start claiming Social Security, the author of today’s article notes that “few decisions are as financially consequential…or as hard.” As such, he attempts to provide some Social Security claiming guidance based on the findings of some new studies. Why does one new study conclude that postponing claiming Social Security may be even more lucrative than thought – especially for women? What demographic groups does another new study suggest might be better off claiming Social Security earlier, and which have more incentive to delay claiming? In which situation does a third study find it’s a “clear no-brainer” to delay Social Security? CLICK HERE to find out.

Read More

The “Great Wealth Transfer”: Considerations For Boomers, Their Heirs & The Financial Industry

2016-12-04 18_16_49-Morguefile free photographs for commercial use“Over the next several decades, baby boomers – the wealthiest and one-time largest generation in U.S. history – will pass down an estimated $30 trillion in assets to their children and grandchildren,” notes the author of today’s article which looks at the considerations this so-called “great wealth transfer” creates for boomers, their heirs and the financial industry itself. The first thing boomers should consider, according to one financial planner cited? Whether they will end up having an estate to transfer at all due to the costs of long-term care. To read more, CLICK HERE.

Read More

Target-Date Funds: Are You Among The Half Doing It Wrong?

RetirementPaperworkBased on the findings of a recent analysis conducted by human resources consultancy firm Aon Hewitt, half of 401(k) investors using target-date funds may be using them wrong. What exactly are people getting wrong when it comes to target-date funds? They “spread their dollars across other investments available to them in their plans” rather than using the target-date fund – meant to be an “all-in” vehicle – exclusively. How can investing only some of your 401(k) savings in target-date funds have a negative impact on your retirement savings? CLICK HERE to find out.

Read More