Our Retirement Blog

Should You Buy Long-Term Care Insurance

Greetings! I trust that this will find you well and enjoying life. The longer you live, the greater the chances you’ll need some form of long-term care. If you’re concerned about protecting your assets and maintaining your financial independence in your later years, long-term care insurance (LTCI) may be for… ...

Your Home As A Source of Dollars in Retirement

Greetings! I trust that this will find you well and enjoying life. If you own a home, you may be wealthier than you think. The equity in your home could be one of your largest assets, especially if your mortgage has been paid down over the years or paid off.… ...

Steps To Having A Great Retirement

Greetings! I trust that this will find you well and enjoying life. What separates a great retirement from a good retirement? Often I observe in retirees that more than anything it’s state of mind. Here are several ways to view life that when embraced, can do much to enrich your… ...

Dodd Frank and The Department of Labor

Greetings! I hope that this finds you well and enjoying life. Big news on Friday out of the White House is that President Trump has exercised his authority as president for possible changes regarding the Dodd Frank Act and the Department of Labor fiduciary rule. No actual changes yet, but… ...

Manage Income Taxes on Your Investments in Retirement

Greetings! I trust that this will find you well and enjoying life. During your retirement years, it’s important to pay close attention to the income tax consequences of your investment decisions. If you receive a great deal of investment income when retired for instance, the taxation of your Social Security… ...

Using RMDs for Future Tax Savings

Greetings! I hope that this finds you well and enjoying life! On July 1 of 2016 the first baby boomer turned 70 ½ and became subject to required minimum distributions (RMD) from their IRA’s or company retirement plans. My experience has been that if a retiree hasn’t started taking money… ...

Here’s to a Healthy New Year

Greetings I trust that this will find you well and enjoying life! Every week here we focus on financial health, most often financial health as it relates to retirement. For a change let’s consider physical health as we begin a new year. A new year is an excellent opportunity to… ...

Year-End Charitable Giving

Greetings! I trust that this will find you well and enjoying life. With the holiday season upon us and the end of the year approaching, we pause to give thanks for our blessings and the people in our lives. It is also a time when charitable giving often comes to… ...

Closing A Retirement Income Gap

Greetings! I trust that this will find you well and enjoying life. When you determine how much income you’ll need in retirement, you may base your projection on the type of lifestyle you plan to have and when you want to retire. However, as you grow closer to retirement, you… ...

The Top 5 Secrets of Successful Retirees

Greetings! I trust that this will find you well and enjoying life. I’ve spent countless hours analyzing the habits shared by successful retirees. Five stand out, and I urge anyone serious about retirement to take these measures sooner than later. You Are Not the Family Bank All Parents have one… ...

A Time to Give Thanks

Greetings! I trust that this will find you well and enjoying life. My favorite time of the year, duck season and oh yes of course the holidays! But seriously folks it’s the holidays, the best time of the year for a lot of reasons. Thanksgiving as a prominent nationally celebrated… ...

Five Ways President – Elect Donald Trump Could Move Markets

Greetings! I trust that this will find you well and in good spirits. Whether you’re happy or sad about the results of the election it’s over. It’s over and thank God we can move on and away from politics. Donald Trump is president elect and as such America will be… ...

When it Comes to Managing Retirement Savings, Confusion Reigns

Greetings! I trust that this will find you well and enjoying life. A new study by TIAA found that many Americans have a misplaced sense of confidence with regard to how they are saving and planning for retirement. According to the 2016 TIAA Lifetime Income Survey, 54% of the respondents… ...

A Quality of Life Discussion is Critical

Greetings! I trust that this finds you well and enjoying life. To live well in retirement, you have to embrace change and longevity planning. As you get older your circumstances will continue to change, sometimes rapidly. What doesn’t change is your desire to be independent, to have social connections that… ...

And…It’s Election Time

Greetings! I trust that this will find you well and enjoying life! Speaking of enjoying life, so so much hype around the election. I feel like I’m being taken advantage of by the media, how about you? I’m often asked my opinion on how either a republican or democratic winner… ...

Do You Know Where You Stand?

I trust that this will find you well and enjoying life. I have a question for you and I want an honest answer. Do you know where you stand financially at any given point in time? To be more specific, do you know within a few thousand dollars what your… ...

Knowledge is Power

Greetings! I trust that this finds you well and enjoying life. Someone asked me a long time ago how they could learn more about money. My response was for them to make a habit of reading the money section of the Times Picayune every day. A lot has changed hasn’t… ...

Which Assets Should You Draw From First

Greetings! I trust that this finds you well and enjoying life. You may have assets in accounts that are taxable (e.g., CDs, mutual funds), tax deferred (e.g., traditional IRAs and 401(k)s), and tax free (e.g., Roth IRAs and Roth 401(k)s). Given a choice, which type of account should you withdraw… ...

Distributions From Roth IRAs

Greetings! I trust that this finds you well and enjoying life. Last week I wrote about distributions from traditional IRAs. This week let’s examine the particulars of withdrawing from Roth IRAs. You are free to make withdrawals at any time from your Roth IRA, but only qualified distributions receive tax-free… ...

Distributions from Traditional IRAs Between Ages 59 1/2 and 70 1/2

Greetings! I trust that this finds you well and enjoying life. Let’s examine rules and considerations involved in distributions from IRAs. Once you reach the age of 59 ½, you are allowed (but not required) to take distributions from your traditional IRA without being subject to the 10 percent premature… ...