Retiring Single

You will want to replace your income; you will also want to stay socially engaged.   About 6% of Americans 65 and older have never married. That statistic comes from a 2018 Census Bureau report, which also found that 22% of Americans aged 65-74 live alone.1   If you think you will retire alone and […]

Read More

Preparing to Sell Your Business

What is your exit strategy?   Your company is ripe for sale. Now what? These days, your children or employees may not necessarily want to take over your business, but you still want to sell your business. So, what’s a successful entrepreneur to do?  Find a buyer, of course. Many savvy business owners know that […]

Read More

The Problem of Money Paralysis

Not making a move may not always be the best move to make.   A decision not made may have financial consequences. Sometimes, we fall prey to a kind of money paralysis, in which financial indecision is regarded as a form of “safety.”   Retirement seems to heighten this tendency. If you are single and […]

Read More

Major Risks to Family Wealth

Will your accumulated assets be threatened by them?   All too often, family wealth fails to last. One generation builds a business – or even a fortune – and it is lost in ensuing decades. Why does it happen, again and again?   Often, families fall prey to serious money blunders. Classic mistakes are made; […]

Read More

Reducing the Risk of Outliving Your Money

What steps might help you sustain and grow your retirement savings?   “What is your greatest retirement fear?” If you ask any group of retirees and pre-retirees this question, “outliving my money” will likely be one of the top answers. In fact, 61% of investors surveyed for a 2018 AIG retirement study ranked outliving their […]

Read More

Where Will Your Retirement Money Come From?

Retirement income may come from a variety of sources.    For many people, retirement income may come from a variety of sources. Here’s a quick review of the six main sources:   Social Security. Social Security is the government-administered retirement income program. Workers become eligible after paying Social Security taxes for 10 years. Benefits are […]

Read More

Gradual Retirement

Not everyone retires the same way – or at the same pace.   Are you in a hurry to retire? Not everyone is rushing to that particular finish line. According to the 2018 retirement survey from the Transamerica Center for Retirement Studies, which gauges the outlook of American workers, 56% of those who describe themselves […]

Read More