Advisors

Annuity Advisor’s $1.5M Proposal: Good Advice or Risky Move?

Los Angeles, CA – A reader inquired about advice regarding their retirement planning with a substantial amount of funds in 401(k) and IRA accounts. At the age of 73, the reader is contemplating whether to follow a financial planner’s suggestion to invest $1.5 million in annuities and allocate $1 million in stocks and bonds. They seek guidance on whether this is a sound strategy for their financial future. Retirement income planning can be a complex …

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Social Security and Medicare Solutions: Expert Financial Advisors Weigh In

Financial advisors are addressing concerns about the future solvency of Social Security and Medicare, the two important government programs benefitting retirees. Clients are seeking reassurance from their advisors amid worries about potential funding shortfalls and reduced benefits. Some advisors are taking a conservative approach by anticipating delays or reductions in benefits and adjusting their financial plans accordingly. In other wealth management news, Richard Lofgren, the head of advisor engagement for Goldman Sachs Advisor Solutions and …

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Retirement Advisors Respond to Social Security and Medicare Funding Shortfalls

Financial advisors in New York, New York are currently fielding questions from clients about the future solvency of Social Security and Medicare. With both government programs facing funding shortfalls, clients are worried about the potential impact on their retirement benefits. Advisors are working to reassure their clients that while the programs are likely to be around for the foreseeable future, benefits may become less generous. Because of this, some advisors are being conservative in their …

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Suspension of Social Security Benefits: What Financial Advisors Need to Know

Tulsa, Oklahoma – A financial advisor recently posed a common inquiry about Social Security benefits. The advisor asked whether his 68-year-old client could suspend his Social Security retirement benefit to earn delayed retirement credits. The answer to this question involves several important tax and personal finance considerations for the client. According to guidance from the Social Security Administration, if an individual has reached full retirement age but is not yet 70, they can request to …

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