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Sophisticated Financial Advice — Not Just for the Rich and Famous

This article originally appeared on Kiplinger.com “It’s all Greek to me.” Confusion and suspicion are two of the most common reasons people postpone talking to a financial professional. There’s an alphabet soup of products, programs, and certifications, and industry jargon like “asset allocation,” “decumulation,” and “equities and fixed income.” “I suggest the first term someone needs to understand is ‘fiduciary,’” …

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Comprehensive & Independent Retirement Planning

Too many cooks in the kitchen! One adviser is an asset manager, the other is a 401(k) specialist and perhaps another is an insurance professional or a tax consultant. They don’t communicate with each other, so they don’t coordinate their plans and products with each other. Watch the interview entitled Comprehensive & Independent Retirement Planning part 5 in the series …

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The Longevity Impact on Retirement

The #1 retirement risk in longevity, which is a risk multiplier for all other retirement risks. And unless you have a genetic disposition that will shorten your life expectancy, plan on living to 100. Watch the interview entitled The Longevity Impact on Retirement part 4 in the series Retiring Right with author, speaker and financial consultant Alex Joyce with talk …

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Income and Expense Planning

Most of the retirement plans currently operational have a significant flaw. There grossly underestimated the stunning increase in life expectancy. But government and military pensions are in a greater financial jeopardy, because their pensioners are living exceedingly longer than the plan actuaries calculated. Watch the interview entitled Income and Expense Planning part 3 in the series Retiring Right with author, …

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Determining Financial Product Costs

True cost comparisons between financial products are nearly impossible for the public to collect and ascertain the value of the expense load. The lack of transparency by product manufacturers is not consumer centric nor is it in keeping with best practices. Watch the interview entitled Determining Financial Product Costs part 2 in the series Retiring Right with author, speaker and …

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Developing Your Own Financial Profile

Risk tolerance tests are not a complete science, but they offer an indication of where you are in your attitudes about money if you answer the questions honestly. Every retiree should take a risk tolerance test and use it as a reference for retirement investing. Watch the interview entitled Developing Your Own Financial Profile part 1 in the series Retiring …

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Your retirement planning checklist

Are you approaching retirement? Even if you aren’t, it’s never too early to start thinking and planning for it. ReJoyce Financial’s Alexander Joyce shares a list of things to consider before retirement: 1. An up-to-date estate plan in your household for you and or your family An estate plan would include a will or trust (or both), Power of Attorney, …