Why didn’t this retirement thing seem so tough for Mom and Dad? Was there something that they should have told us that they didn’t? We Baby Boomers are supposed to be the advanced generation with new ideas and the ones … Continue reading →

Everyday, we hear comments from frustrated consumers who are looking for an advisor who is proficient in the area of retirement income planning.  Remember – and this is critical – I am not referring here to ‘retirement planning’, which many … Continue reading →

We learned with the last blog that the best idea is to consolidate all of yours and your partner’s assets under one advisor. Making best use of your income goes hand in hand with making the best use of your … Continue reading →

I refer to “consolidation” as the coordination of all your planning activities with one person or institution. Asset building happens in several different places with many different advisors. However, when the time comes to withdraw retirement income from those assets, … Continue reading →

As in Part I, the retirement income specialist is the architect of your personal retirement income blueprint. Now, who is your contractor? This is the person who oversees the investments that create income from your assets. It should be the … Continue reading →

You need both an architect to create your plan and a contractor to implement it. Who is the architect? Your advisor. When speaking about retirement, a LIMRA report stated, “people need advice from a knowledgeable professional more at this point … Continue reading →

There are four distinct planning channels involved in comprehensive retirement income planning. They are: The Structural Plan The Investment Portfolio Health-Risk Management Wealth Transfer These channels work together in the same way as framing, electrical, plumbing and heating do in … Continue reading →

Think of retirement as a project. A big project. When building a house, a great deal of thought and planning must go into general considerations for the project as a whole, right? There will be some basic things that have … Continue reading →

Our parents seemed very willing to make do with what they had and live within their means. There are very few Boomers out there who have not heard at least one story about how frugally and carefully their parents handled … Continue reading →

Everyone (and every couple) has their own: -          reasons for wanting to retire -          lifestyle objectives -          priorities and preferences -          cash flow needs and time frame -          income-producing assets and benefits to create income -          family issues -          state … Continue reading →