Unmarrieds need to approach retirement planning pragmatically. Provided by Blanke Schein Wealth Management In an ideal world, it would be simple to prepare for a solo retirement. You would just save half as much as a couple saves, buy half as much insurance coverage, and expect to live on half the income. Reality dictates […]
Living longer has many rewards, it also comes at a financial price. Your hard-earned assets need to last longer than ever because we are living so much longer than our parents did. According to the Social Security Administration, About one out of every four 65-year-olds today will live past age 90, and one out of […]
Why striving to stay in the workforce a little longer may make financial sense. Provided by HighTower Palm Desert The median retirement age for an American woman is 62. The Federal Reserve says so in its most recent Survey of Household Economics and Decisionmaking (2017). Sixty-two, of course, is the age when seniors first become […]
To consolidate or not: that is the question. Provided by HighTower Palm Desert Some couples elect to consolidate their personal finances, while others largely keep their financial lives separate. What choice might suit your household? The first question is: how do you and your partner view money matters? If you feel it will be best […]
Provided by HighTower Palm Desert When our parents retired, living to 75 amounted to a nice long life, and Social Security was often supplemented by a pension. The Social Security Administration estimates that today’s average 65-year-old female will live to age 86.6. Given these projections, it appears that a retirement of 20 years or longer […]
The most important and effective way to preserve wealth over multiple lifetimes is for the wealth creator to plan well in advance and communicate clearly with beneficiaries about their inheritances. That may present quite a challenge, particularly when the inheritance is unexpected due to circumstances like a sudden death. The following considerations can help beneficiaries […]
If so, how can they plan to meet those challenges? Provided by HighTower Palm Desert A new study has raised eyebrows about the retirement prospects of women. It comes from the National Institute on Retirement Security, a non-profit, non-partisan research organization based in Washington, D.C. Studying 2012 U.S. Census data, NRIS found that women […]
The available data is more encouraging than discouraging. Provided by HighTower Palm Desert Women 35 and younger are often hard-pressed to save money. Student loans may be outstanding; young children may need to be clothed, fed, and cared for; and rent or home loan payments may need to be made. With all of these very […]
Provided by HighTower Palm Desert Every now and then, you read an article about a woman past the age of 65 who says she loves her job and will “never retire.” In addition to keeping herself engaged and active, she may be doing herself a great financial favor as well. More women are working […]
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All data and information reference herein are from sources believed to be reliable. Any opinions, news, research, analyses, prices, or other information contained in this research is provided as general market commentary, it does not constitute investment advice. The team and Hightower shall not in any way be liable for claims, and make no expressed or implied representations or warranties as to the accuracy or completeness of the data and other information, or for statements or errors contained in or omissions from the obtained data and information referenced herein. The data and information are provided as of the date referenced. Such data and information are subject to change without notice.
This document was created for informational purposes only; the opinions expressed are solely those of the team and do not represent those of Hightower Advisors, LLC, or any of its affiliates.