Choosing the Appropriate Pension Benefit

March 15, 2016 9:40 am

Pensions come in all shapes and sizes, and understanding how they fit into your long-term financial plan is essential when planning for retirement.  Some pensions offer cost of living adjustments (COLAs), can have varying ages of retirement and vesting schedules, as well as different payout options.  Unfortunately once you choose your payout option and begin […]

Changes to Social Security Benefits: Claiming Strategies Come Under Fire

September 29, 2015 11:49 am

The financial planning world was abuzz this week as the details of the newly proposed congressional budget legislation started to emerge. As I write this article, the legislation has not yet been passed, so- stay tuned for updates. The topic of focus has to do with Social Security and the elimination of a popular claiming […]

Inherited Accounts: Helping your Surviving Parent

September 3, 2015 12:01 pm

Your mom/dad is now ready to handle the finances after the death of their spouse; the assets have been properly inventoried, they have not made any large financial decisions, and it is now time to deal with the reality of their new financial future. They have called you to help them determine the best decisions […]

Pension Decision: Lump Sum or Annuity

July 19, 2015 12:34 pm

It is no secret that companies have been terminating pension plans in favor of 401k plans. Lately, however, I have noticed many clients coming to my office with paperwork from their current or previous employer letting them know they need to make a decision today. Typically, they will have the choice to take a lump […]

Do I dare ask Mom & Dad about their Retirement?

February 28, 2013 12:00 am

A few years ago my older sister asked me “Do we have to worry about supporting Mom & Dad in retirement?” I remember laughing it off at first, but then the financial advisor in me became scared.  I was worried because, at the time, …