News, Information and Guidance

Is One Million Dollars Enough to Retire?

Got a million dollars for retirement?  Think it’s enough?  Think again.  A million dollars sounds like a whole lot of money to most folks, and it is!  But in today’s market, one million for your retirement fund simply may not cut it when you need your money to stretch for your entire retirement.  Why?  Let’s…

Curious In Finding Out Your Life Expectancy?

Enjoying this test may depend on whether you’re a cup half full or empty person, but recently, researchers at the University of California, San Francisco have come up with an assessment that determines when you have a good chance of dying.  A little scary, but doctors are admitting that it’s a pretty good tool for…

Being Laid Off Shortly Before Retirement

It’s something that many people don’t really think can happen but has become more common over the last few years – being laid off shortly before you retire.  We like to think the chances of this happening are small due to the belief that it’s too outrageous, especially If you are one of those people…

Seniors and Energy Drinks

Typically, energy drinks have been marketed to the younger crowd – shown as a way to stay up for all night study sessions or all night dance parties.  But in 2012, the demographic these companies are targeting appears to be shifting to senior citizens! According to the consumer research group, The Values Institute at DGWB…

Virtually Home for the Holidays

It’s a great luxury in life to be in close proximity to our closest friends and family.  Unfortunately it seems that in this day and age people move around more than in the past and it’s getting harder and harder for people to  see their loved ones.  This time of year it’s especially important to…

Oldest Yoga Teacher

No more excuses!  Recently, the Guinness Book of World Records crowned their newest, oldest yoga teacher.  This may make you feel bad, but Bernice Bates is an astounding 91 years old.  She began teaching yoga 50 years ago and has continued ever since. According to John Muir Health, one in three adults falls and injures…

Important Dates for Your Retirement Savings

In a continuation of end of year retirement fund reminders and wrap ups, it’s a good time to let you know about two important dates that are coming up very quickly.  The first is December 31st.  This is the last day of the year that you can make a 401(k) contribution that will count for…

New Study From Fidelity

Earlier this week, Fidelity released a study that looked at the investment strategies of  higher education employees.  Fidelity took 600 participants across three generations, Boomers, X’s and Y’s, and examined the differences in retirement strategies. Conventional wisdom tells us that since the people in this survey have a background in higher education, they should know…

Sunny Thoughts

It’s still technically fall, but in a lot of places, the winter weather has already slammed residents and put a wrench into many people’s holiday travel plans.  So today, as you turn on your heat and prepare for cold, windy, rainy or snowy weather, take a moment as you mash those potatoes for tomorrow’s dinner…

Holiday Helper

The holidays can be a joyous occasion for many people, but for some, young and old, it can be a very lonely season.  It’s difficult to be in an empty home when many others are gathering with their friends and family.  So what’s a good way to not only give back this holiday season but…

Traditional Reverse Mortgage Versus the Saver Program

We get a lot of questions around here regarding Reverse Mortgages and how they work.  But recently, there’s been an uptick in people inquiring about the difference between a traditional Reverse Mortgage and a Saver Reverse Mortgage. Both of these reverse mortgages allow you to tap into the equity you have in your home.  The…

Working for Life

Do you plan on working longer than the average person’s lifespan?  Sounds ridiculous, but that’s the new face of retirement.  In a survey done by Wells Fargo, it was shown that Americans have only been able to save 7% of what they need for retirement.  And 30% of people that were close to the age…

Conventional Wisdom

We’ve all heard the traditional rule of thumb – if you’re young, stocks are a great and solid investment.  But the older you get, stocks become more dangerous and risky and it’s better to invest less in them.  But is this correct?  Are these traditional thoughts on investing the best advice?  Check out this video…

Throwing it All Away

Imagine making $50 million in your career.  Now imagine after you retire, you have to take up another 9-5  job because you have lost all of your earnings.  Seems almost impossible, right?  Think again.  It was reported last week that NFL quarterback Mark Burnell did just that.  This all happened apparently due to multiple bad…

Possible Social Security COLA Increase

Here’s some good news for once!  It was announced that after two full years of no COLA (Cost of Living Adjustment) raise, Social Security recipients may be due for one in 2012.  Though it’s not etched in stone just yet, it’s expected that the announcement for as much as a 3.5% raise may be announced…

Mentally Planning for Retirement

Everyone knows that once you retire, life is a breeze.  Your days and nights are filled with warm weather and lounging around your paradise.  At least that’s what the movies show us.  Most people are more realistic about their retirement, but what happens when you finally retire and it turns out it’s nothing like you…

Prescription for Happiness

Everyone knows that laughter can sometimes be the best medicine.  Now, some doctors in Australia are proving it.  It was found in a study that laughing and increasing your good mood can actually decrease dementia agitation by 20 percent.  Does twenty percent not sound all that impressive?  Well consider this – it’s about the same…

Preparing for Long Term Care is a Necessity

Did you know that the average monthly base rate for nursing homes in the U.S.  is around $3,300? In California, the price is even higher averaging around $6,500 a month.  It has been estimated that half of the population in the Bay Area would not be able to afford more than three months of nursing…

Proposed Increase to the Retirement Age

Do you think Social Security will be around for your children or grandchildren?  Senator Tom Carper of Delaware was quoted as saying, “My sons are 21 and 22; neither of them thinks Social Security is around for them.  I want to make sure that it is.”  But how?  Obviously if we knew how to answer…

Checklist for a Good 401k

We’ve talked a lot about taking advantage of a 401k plan recently, but how do you know if the plan you have is a good plan?  On a simple level, all 401k’s are good in principle because money is automatically taken out of your paycheck towards your future.  It’s not overly simple to access the…

A New Way to Kill Cancer

A year ago, a man by the name of William Ludwig had given up on Chemotherapy.  He had leukemia and no treatment seemed to be working anymore – he felt like his time was up.  In an effort to possibly add an extra six months to his life or to simply contribute to the study,…

Gardens Make a Comback

People across the country have been struggling in the past couple of years to continue to put healthy food on their plates.  It seems that paychecks are getting smaller (or disappearing) and the cost of food continues to rise.   One way to fix the problem?  Grow your own food! Across the U.S., gardens are popping…

Young Generation Also Worrying About Retirement

It’s not just people who are close to retirement that are concerned about the amount of money they’ve saved.  According to a new study by The PNC Financial Service Group, 82% of Americans between the ages of 20 and 29 lack the confidence that they will be able to save enough money for a comfortable…

Annuity Confusion

One of the most confusing to understand yet potentially one of the best ways to invest your money is in an Annuity.  An annuity is like a pension that you buy for yourself.  You purchase monthly income for a specific period of time for as long as you live.  This sounds great, but not all…

Financial Advice for Widows

It’s an unfortunate fact of life – no one lives forever.  Losing a loved one is always difficult, but the loss is made extremely difficult when the one you lose is your spouse.   For women, this happens often since women tend to live longer than their male spouses.  And though behaviors are beginning to shift,…