Your Own Retirement Blog

Strategic vs. Tactical Asset Allocation

By Your Own Retirement | September 15, 2017

Strategic vs. Tactical Asset Allocation In recent years, the markets, the economy and the global political scene have evolved considerably. We’ve witnessed both remarkable volatility and remarkable resilience in these areas. The reality is that less predictability in today’s economic landscape requires more vigilant risk diversification, coupled with the ability to adapt to a fast-changing…

Five Reasons to Put Your Retirement Countdown on Hold

By Your Own Retirement | September 8, 2017

Five Potential Reasons to Put the Retirement Countdown on Hold Retirement is still something most people look forward to, but over the years, some of the reasons for anticipation have dwindled. During the industrial age, more people worked jobs requiring manual labor that were hard on the body. By mid-century, many rank-and-file workers could look…

How Much Money Do You Need to Retire?

By Your Own Retirement | September 1, 2017

How much money do you need to retire? That’s about as personal a question as, “What do you look for in a spouse?” or “What is your dream job?” The answer is different for everyone. So are questions about when you want to retire, how you want to retire (suddenly or gradually) and where you…

Taxes and Retirement Planning

By Your Own Retirement | August 25, 2017

The White House recently introduced what it billed the “biggest tax cut” in U.S. history. While a presidential tax proposal is not likely to get passed without significant changes, the fact that Republicans dominate both chambers of Congress suggests 2017 may well be a year in which significant tax reform is engineered.1 One thing should…

Preventing Elderly Financial Abuse

By Your Own Retirement | August 18, 2017

A recent study by the Center for Retirement Research at Boston College concluded that many retirees who do not suffer from any cognitive impairment can still manage their money through their 70s and 80s.1 The study reports that financial capacity relies on accumulated knowledge and that knowledge stays mostly intact as we age. However, the study…

Tax-Deferred or Tax-Exempt? Potential Benefits to Having Both

By Your Own Retirement | August 11, 2017

Over the years, you may have heard it’s good to have different “kinds” of money as you head into retirement. A financial advisor may recommend a combination of tax-deferred and tax-exempt financial products, diversifying your money to help take advantage of the tax benefits both types of products provide. What many people don’t understand, however,…

3 Common Questions about Social Security

By Your Own Retirement | August 4, 2017

3 Common Questions About Social Security   While Social Security shouldn’t be relied upon to be the sole source of income during retirement, it can play an important role in your overall financial strategy for retirement. But making sense of the basic ins and outs of Social Security can be overwhelming. Here are three questions…

Divorce During Retirement

By Your Own Retirement | July 6, 2017

  A funny thing happens when you get busy with trying to achieve all the things you want out of life: You lose a few along the way. Unfortunately, some people lose their marriage.1 However, for those who are truly unhappy and can’t see a way back to blissful partnership, a “gray divorce” isn’t necessarily all…

Checks and Balances: How Much Can a U.S. President Do?

By Your Own Retirement | March 24, 2017

Donald Trump has a broad presidential agenda that encompasses foreign trade, immigration, deregulation, taxes and investment in U.S. infrastructure. These policies are poised to impact certain industries over others, such as health care, energy, financial services and technology.1 Every presidential candidate enters the campaign with a platform of changes and priorities, which presumably dominate the…