A New Retirement Paradigm: The Encore Career

By Christopher Young, CFP®, CPWA®, CMFC® Advancements in modern medicine have substantially increased life expectancies, and as a result, people are living longer, healthier lives. Thus, there’s a good chance retirees will spend more time enjoying retirement. However, the definition of what retirement looks like is changing. While most retirees plan to spend their post-work…

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Is An Independent Living Retirement Community Right For Me?

by Sarah Mouser, CFP®, CTS™, CES™ For many decades, retirement communities have offered older adults, typically age 62 and older, an innovative and independent lifestyle solution that differs from other housing and care options. Often referred to as Continuing Care Retirement Communities (CCRCs), these types of residences can be a wonderful solution for older adults who…

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Why A Comprehensive Financial Plan Should Include A Life Coach

By Christopher Young, CFP®, CPWA®, CMFC® One of the most important roles of a financial advisor is helping clients prepare for retirement. Advisors are trained to evaluate a client’s economic situation and develop a strategic plan to best position them to accomplish their goals. However, finances are only one piece of the puzzle. Oftentimes, an investor may…

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Don’t Let Your Power Of Attorney Become Powerless

by Sarah Mouser, CFP®, CTS™, CES™ One of the cornerstones of a solid financial plan is properly configured estate planning documentation—especially your medical and financial powers of attorney (POA). POAs give you the ability to legally authorize an individual to handle your affairs and make healthcare decisions in the event you become incapacitated and are unable…

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It’s Never Too Early to Plan for Retirement Income

by Steve Cassaday, CFP®, CFS In the world that today’s retirees live in, the probability is high that withdrawals from an investment portfolio will be an essential part of retirement cash flow. Pensions and Social Security are unlikely to be sufficient to meet the needs of most retirees. Unfortunately, there are many variables associated with portfolio…

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Money Surprises Do Not Make for Happy Marriages

by Steve Cassaday, CFP®, CFS In marriage, openness and honesty are the most important requirements for a sustained, happy and healthy long-term relationship. Secrecy and mystification are not good for the union and can lead to disaster, especially where finances are concerned. In 35 years of helping people with money, I have seen many things but…

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With Volatility, Emotions Can Get in the Way

by Steve Cassaday, CFP®, CFS When we distill out all of the noise in the world of investment advice there remains an essential immutable truth: The presence of volatility in individual investments and portfolios is the reason most people don’t get the investment outcome they would like. Here’s why: Volatility in the investment lexicon means variance…

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Decision to Retire Isn’t Just About Money

by Steve Cassaday, CFP®, CFS We regularly see clients who undeniably have enough money to retire comfortably but will not do it. After 34 years of helping people ramp up to retirement, I have learned that being ready to retire means having enough money but also, and often more importantly, it means being mentally and psychologically ready. Retirement…

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Risky Investments Aren’t as Risky as They Appear in Those News Reports

by Steve Cassaday, CFP®, CFS With the nonstop drum beat of negative, provocative and just downright scary news coverage it is totally understandable that markets are skittish and volatile. When one stops and drills down through the noise, political demagoguery on both sides of the aisle and inflammatory headlines, the weight of the evidence does not…

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Beware, Bonds May Be The Next Bubble

by Steve Cassaday, CFP®, CFS Although considered to be “safe,” or at least safer than stocks and hard assets, bonds have risks that, if fully understood, would strike fear in the hearts of most lay investors. With the unprecedented volatility in the stock markets and blood-curdling daily headlines about the impending collapse of the universe, investors…

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Reasons Young Americans Won’t Be Ready For Retirement

by Steve Cassaday, CFP®, CFS For most young Americans, financial insecurity, compulsory work after normal retirement age and dependence on government safety nets in later life are very real possibilities. Most young people do not think about their lives 40 years in the future, but proper habits and small incremental behavioral changes around money issues, especially…

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