Retire Abundantly-Grow and protect your money without market risk!

Do you worry about losing money due to stock market fluctuations and volatility?  You have options to keep your money safe so you can RETIRE ABUNDANTLY!  Check out this video.

It's time to think about retiring abundantly...

It's time to think about retiring abundantly!

#retireabundantlynow #retirerelaxenjoy

The 6 Best Fall Travel Destinations

The weather is getting cooler and the leaves will be changing soon.  Who wants to travel and soak in the beauty of fall?  Here is a great resource for fall travel from Forbes: 

https://bit.ly/2QnvJdJ

It's time to think about retiring abundantly!

It's time to think about retiring abundantly!

#retireabundantly #retirerelaxenjoy

Do you want to GROW and PROTECT your money without market risk?

One of the most commonly asked questions from my clients is, "How can I grow my income without market risk?"  I've met with many retired individuals that are worried their retirement savings is going to run out or they'll lose money they can't recoup through market changes.  The video below offers ways to protect your money for the rest of your life.  So, don't worry, you can rest comfortably each night knowing your money won't run out with these great options!

Do you want to retire abundantly?

Retire Abundantly Now!

Contact me for a free copy of my book:

www.retireabundantlynow.com

Inflation Proof Retirement

 A May 10th Kiplinger article shows the moderate hike in April prices of 0.2% is consistent with inflation rising this year to a 2.6% rate. That is an increase from the 2017 rate of 2.1% and reflects higher overall prices, particularly for gasoline. Housing costs are expected to rise 3.5% this year, above the 3.1% increase last year. In addition, the tightening labor market is expected to start generating significant wage inflation in the second half of the year. The Consumer Price Index, a measure of the average cost of consumer items that people purchase for day-to-day living, such as food, clothing, shelter and medical services, is now well above the 1.8 percent annual average increase over the past 10 years, which is leading us to re-consider the negative effects of inflation and what they can do to retirement savings.

Central bank officials have said they are planning to raise rates three times this year. That could go up to four hikes, depending on how June unemployment rate numbers play out. Along with an increased cost of accessing credit, these moves could affect equity or stock investments and bonds. If you are considering a rebalance of your retirement portfolio to protect against inflation, be aware that some Annuities can include Cost Of Living Adjustment Riders to protect against erosion of retirement savings. Another way to address future price increases is to have contractual income streams starting at different times. Just like you can ladder CDs or bonds with different maturities, you can also ladder lifetime income.

How to Protect Your Retirement...

Retire Abundantly Now

The U.S. Federal Reserve, led by Jerome Powell in his first meeting as chairman, approved the widely expected quarter-point hike that puts the new benchmark funds rate at a target of 1.5 percent to 1.75 percent. It was the sixth rate hike since the Fed began raising rates from near-zero in December of 2015. The funds rate is closely tied to consumer interest rates, which generally rise as soon as the Fed moves. As interest rates change, different types of debt can change from good to bad.

A surge in bond yields may have ripple effects outside Wall Street, as home ownership costs rise and nest eggs shrink. Consumers have started to feel the pinch of rises in rates that are closely linked to the bond market, and the recent warning from Greenspan of a bond bubble is still in play. It is unclear when bond yields will top out. The 10-year yield inched toward 3 percent before edging lower at the end of February.

Markets reacted strongly to a brief inflation scare in early February. While Fed officials generally believe in the Phillips Curve, which predicts that falling unemployment acts as a push for inflation, that hasn't been the case throughout the recovery. The Fed continues to lag its 2 percent inflation target.

In the midst of all of this uncertainty, Retirees must protect their future from continued increases in cost of living and medical care. Safe Money Strategies including annuities and Long-term care coverage are becoming ever more critical components in retirement planning. Feel free to contact me to review the available options that would make the most sense in your situation.

Medicare in 2018, Healthcare Costs And Considerations

CNBC predicted in November of 2017 that many Medicare Part B recipients will be paying up to 23% more for their 2018 premiums. Thanks to the Social Security Cost of Living Adjustment in 2018, many more Medicare recipients are paying the standard Part B premium rate of $134 per month this year. In 2016 and 2017, when Social Security COLA increases were negligible or nonexistent, about 70% of Medicare enrollees had a discounted rate which held Part B premium costs down. Medicare costs and the overall costs of Health Care are a complicating factor for retirement planning.

It's important to note that Medicare will not take care of your long-term care needs. Medicare only pays for the cost of a skilled nursing facility for 20 days; it then requires a significant co-pay from you for the next 80 days. After 100 days, Medicare's long-term care coverage runs out. Considering that a 2017 projection by PBS NewsHour and the SCAN Foundation estimated that 70% of people 65 or older will one day need some form of long-term care, it becomes increasingly important to factor long-term care coverage into retirement planning.

How are many Americans covering their Long Term Care needs? Some insurers are offering hybrid life insurance or annuity policies with Long Term Care options. Feel free to contact me to review the available options that would make the most sense in your situation.

Organizing Financial Documents

I am often asked by clients, "what is the best way to keep my financial documents organized?"  I feel it is beneficial to have a simple system that you can go to when the need arises.  Here are some tips:  Organizing Financial Documents

Retirement Planning: Free Downloads

Does the idea of planning your retirement have you overwhelmed?  Don't worry, we have you covered....Here are several free resources to assist you with planning- Click here to choose a resource that suits your needs.