It’s Not What You Know, It’s What You Don’t Do…

Traditional Financial Advice Has Failed – And the Statistics Prove It:   More than 95% of the population is failing to retire with financial security. – U.S. Department of Health Education and Welfare For the twenty years ending in 2013, the S&P 500 Index averaged 9.22% a year. The average equity fund investor earned a […]

Does Your Life Expectancy Depend Upon Where You Live?

You might think that it doesn’t matter, but it does.   The state in which you live could affect your life expectancy – especially if you are healthy. According to a new government report that looked at the state-specific life expectancies of healthy 65-year-olds, where you live matters a lot.  For instance, for both sexes, […]

Getting Real about Funding Long-Term Care

Women are especially vulnerable financially because they have longer life expectancies than men, and are often left without enough savings after their spouses pass on. According to a “Women and Long-Term Care” fact sheet published by AARP: Over 70% of nursing home residents are women 70% of women 75 or older are widowed, divorced, or […]

New IRS Ruling about IRA Transfers vs. Rollovers: What’s the Difference?

A new ruling from the IRS could mean big changes for retirement assets.   As a result of a recent U.S. Tax Court decision, the IRS has changed its interpretation of the “once per year” IRA rollover rule to mean exactly that:  Only one IRA-to-IRA rollover is permitted during a 365-day period from any of […]

When to Apply for Social Security Benefits

With the demise of guaranteed pensions, and in light of the risks you face in managing your own retirement assets, maximizing Social Security becomes a critical part of retirement planning.   One of the most important decisions a retiree faces is when to apply for Social Security benefits. This is not a decision to be […]

Will the Stock Market Save Your Public Pension?

Double-digit annual returns for most U.S. public pension systems over the past two years have done little to shrink the yawning deficits facing many of them after a decade of inadequate funding, according to analysts and recent data. -excerpted from Reuters, March 10, 2014   Thanks to a robust stock market, most systems have enjoyed […]

Income Updates for Various Demographics

Despite the economic setback and slow recovery in recent years, or perhaps because of them, it seems Americans may be on a trajectory for higher income – if not higher income, then perhaps greater satisfaction with the income that they earn. Here’s a recent round-up of studies about current demographic groups and their earning prospects: […]

Birth of the Phoenix

It can be from our dissatisfaction that we often get the motivation to do something new. That is one of the themes conveyed by Wharton professor G. Richard Shell in his book, “Springboard: Launching Your Personal Search for Success.”  According to him, we are, in some sense, defined by the conflicts we overcome. This is […]

Wealthcare Workup Point #2: Retirement Analyzer

Ron Papa, President of Legacy Advisors in Norwell, explains how each point in his “wealthcare” workup comes together to provide a comprehensive approach to retirement planning. A Financial Stress Test – Using the RETIREMENT ANALYZER Tool The second point or stage in my “5-Point Wealthcare Workup” is the Retirement Analyzer.  That’s the point when we […]

Wealthcare Workup Point #1: Asset Analysis

Ron Papa, President of Legacy Advisors in Norwell, explains how each point in his “wealthcare” workup comes together to provide a comprehensive approach to retirement planning.   Assessing Symptoms or ASSET ANALYSIS: The first point in my 5-Point Wealthcare Workup is Asset Analysis:  that’s where we analyze your current assets from an investment, tax and […]