The Not-So-Hidden Risks in Your Clients’ Pension Payout Options

Posted by Olivia Zaiya, JD, CFP

March 28, 2018 at 1:30 PM

The mass exodus from traditional defined benefit pension plans is a reflection of several trends. Primarily, employees are living longer, and updated IRS life expectancy tables have increased the cost of providing a defined benefit plan accordingly. Additionally, the prolonged low-interest-rate environment has reduced funds’ investment returns, which means plans need additional capital to stay afloat. Lastly, underfunding of pension plans has led to more government regulations, which has increased the cost of offering defined benefit plans as well.

Read More

Topics: Retirement Income Planning

Advising Attorneys-in-Fact About Retirement Health Care

Posted by Anna Hays

February 21, 2018 at 1:30 PM

As a financial professional, you routinely ask clients for their estate planning documents. You also factor health care expenses into your retired clients’ financial plans. But have you thought about advising attorneys-in-fact about retirement health care? If you have Gen X and younger boomer clients with aging parents, or if you advise different generations of the same family, you might consider adding this service to your menu.

To help you decide if this path might be right for you, let me introduce you to your new (fictional) client, Zak, who is an attorney-in-fact for his aging parents.

Read More

Topics: Retirement Income Planning

The Financial Advisor’s Guide to Medicare Planning

Posted by Maureen Baxter, CLU, ChFC

February 20, 2018 at 10:00 AM

Did you know that to cover their retirement health care costs, a healthy 55-year-old couple may consume 92 percent of their social security benefits? Or that “total projected lifetime health care premiums . . . for a healthy 65-year-old couple retiring this year are expected to be $321,994 in today’s dollars ($485,246 in future dollars)”? These are staggering figures, and they highlight how important it is for advisors to guide clients through potential health care expenses in retirement.

Read More

Topics: Retirement Income Planning

An Advisor Action Plan for Encouraging Retirement Savings

Posted by Dan Collins

November 7, 2017 at 10:00 AM

The data on retirement savings tells a frightening story. According to the 2017 Retirement Confidence Survey from the Employee Benefit Research Institute (EBRI), 6 in 10 American workers feel confident in their ability to retire comfortably, yet only 18 percent feel very confident. What’s even more concerning? Just 41 percent of American workers report they or their spouses have attempted to calculate how much money they need to live a comfortable retirement.

Read More

Topics: Retirement Income Planning

An Advisor’s Guide to Medicaid Estate Recovery

Posted by Maureen Baxter, CLU, ChFC

May 31, 2017 at 1:30 PM

As you’re likely aware, Medicaid is a joint federal and state program that provides a range of health care services to individuals with limited financial means. But what you may not know is that states may place a lien on a recipient's probate estate (and, in some states, nonprobate estate) for the amount of benefits paid during his or her lifetime. (Although there are some specific protections for surviving spouses, children younger than 18, and disabled family members.)

Read More

Topics: Retirement Income Planning

New Call-to-action
5 Ways to Affiliate
The Independent Market Observer, Brad McMillan

Follow Us