Author - David Blain

1
Will Your Golden Years Be Golden?
2
What Does Divorce Look Like UK Style?
3
What to Make of the Markets During an Election Year
4
6 Questions To Ask An Advisor
5
Watch Out, Boomers, Here Comes 70

Will Your Golden Years Be Golden?

In the past, most people relied on Social Security, pensions, and personal savings to see them through retirement. But with doubts about Social Security’s continued solvency, the decline of traditional pension plans, and savings rates at or near zero, this model just doesn’t work anymore. And simply contributing to qualified accounts (401(k)s, IRAs) isn’t enough. In this post, we’ll look at how to put together a comprehensive plan to help ensure your Golden Years are truly golden.

First, it’s hard to reach your destination if you don’t know where you’re going. Setting goals for retirement, while relatively simple, is critically …

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What Does Divorce Look Like UK Style?

Last Thursday the British decided to end their 43-year marriage to the European Union. Uncertainty over how this divorce will be handled has sent European and US markets tumbling (with the exception of the Hang Seng, markets in Asia were actually up on Monday).

The FTSE 100, German DAX and CAC 40 were all down Monday and all major U.S. indexes were also lower (markets rallied on Tuesday). The British pound also took another beating versus the dollar on Monday, reaching a 31-year low of $1.31. So where does it go from here?

Despite this poor market performance, remember the …

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What to Make of the Markets During an Election Year

Taking a Look into Patterns Created During Election Years Answers Some Questions, But Raises Others.

The question about presidential elections and their impact on the markets is one we hear a lot, especially every 4 years! We, along with numerous others, have researched this topic extensively and as you would expect, the results are conflicting with no clear cut answer. Just when a particular theory or pattern seems to be dominant, it stops working. However, there are some statistics that seem to attract attention (see sidebar).

Hail to the Stocks

The first year and second year of a president’s term tend to be the

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6 Questions To Ask An Advisor

Did you know over 70% of people searching for a financial advisor have experienced some sort of life-changing event? Whether starting a new family, making a major career change, or reaching the critical point of retirement planning, “life in motion” has occurred.

There are sites such as www.napfa.org or www.feeonlynetwork.com that can be a great resource in your search; however, not all advisors are the same and it is extremely important to ask the right questions when interviewing possible candidates.

Once you have narrowed your choices to a select few, use this guide to help ensure you find the best …

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Watch Out, Boomers, Here Comes 70

About 75 million baby boomers began turning 70 this year. If you’re among them, there are critical decisions to make about your retirement accounts and finances in general.

Why is 70 the magic number? U.S. tax law stipulates that you must take your first required minimum distribution (RMD) from your individual retirement account and 401(k) accounts in the year you turn 70½ (or up to April 1 of the following year) and pay income taxes on it. Those who don’t comply face a 50 percent penalty on that amount. “This is a major shift if you’re a boomer,” says retirement …

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