A recent article in Kiplinger says Saving for Retirement Isn’t Enough: You Need a Wealth Plan. But haven’t we all heard that? If you don’t have a plan, then you’re planning to fail. The article likens retiring without a plan to boarding a plane with insufficient fuel, no emergency life jackets and no air masks. […]
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What would you do if an emergency happened? Would you have enough money to replace a vehicle or put a new roof on your house. Could you survive several months of unemployment if you were laid off? A recent article on cnbc.com asks how much emergency savings you need during times of uncertanty? The answers […]
One of the fears shared by many retirees is running out of money. QLACS are a type of deferred annuity that hit the marketplace around 2014 designed to guard against this concern. QLACS, short for Qualified longevity annuity contracts, are designed to provide income late in life. They are purchases with retirement account funds and […]
The SEC approved: (1) the adoption of new FINRA Rule 2165 (Financial Exploitation of Specified Adults) to permit members to place temporary holds on disbursements of funds or securities from the accounts of specified customers where there is a reasonable belief of financial exploitation of these customers; and (2) amendments to FINRA Rule 4512 (Customer […]
