Posts Tagged ‘risk management’
The Building Blocks of a Rock-Solid Retirement
People are living longer than ever before and this increase in longevity means it is important to build the strongest retirement plan possible. This week on Wise Money, Michael Andersen goes over the building blocks of a rock-solid retirement strategy.
Read MoreFinancial Checklist for Baby Boomers
You’ve probably been hearing a lot about Baby Boomers lately. Not surprising considering this huge generation is reaching retirement age in a very different economic climate than their parents. In fact, 10,000 Boomers are turning 65 every day. Boomers, as a group, will be retiring with more debt than their parents, be it credit card, education, or a mortgage. On top of that, the cost of living has jumped significantly in the last few decades, with housing up 21% in the last three years alone, food up 26% in the last ten years. Medical costs even for those over 65 who qualify for Medicare have increased as well. What that means for retiring Boomers, as this is a population who has the potential, through lifestyle and advances in medicine, to live well into their eighties, nineties, and hundreds, is that they should go over the following checklist of financial goals.
Read MoreBuilding an Income Stream for Life
When it comes to retirement income streams the pension is no longer as prevalent as it used to be. So what can you do to replace it? Today on Wise Money Michael Andersen discusses some ways you can build your own lifetime income stream.
Read MoreThe Biggest Hurdle of Retirement: Healthcare
For a lot of us working and saving and planning for retirement, how we will pay for our healthcare, is probably not at the top of our list. This may be in part because of Medicare. Medicare is a social program started in 1965 to insure the American population over the age of 65, who found it difficult to impossible to secure health insurance in their later years. In 1965 the life expectancy was 70 years old. Since then, people have started living a lot longer, and one of the main reasons for that is the use of medications, technology, and surgeries to prolong life and health. A longer life with more medical intervention also costs a lot more which is why Medicare is about 14% of the total federal budget and in 2018, ran up a $583 billion-dollar bill.
Read MoreIs Your Retirement Portfolio Prepared to Withstand Risk?
As we get older, we tend to avoid risks. On today’s episode of Wise Money, Michael Andersen addresses how much risk you may or may not have in your investing strategy.
Read MoreWise Money | Retirement Planning…with Basketball?
On this week’s episode of Wise Money, Michael Andersen discusses how retirement planning is more like March Madness than you think.
Read MoreWise Money | How to Handle Retirement’s Biggest Financial “What If’s”
On this episode of Wise Money, Michael Andersen discusses how to handle the “what if’s” in your financial portfolio.
Read MoreWise Money | Answering the Longevity Question
People are living longer these days and need a retirement plan to match. Today on Wise Money, Michael Andersen talks about how to plan for 100 and beyond.
Read MoreWise Money | Build Your Own Income Stream
With pensions becoming a thing of the past, Michael Andersen talks about building an income stream yourself on this week’s Wise Money.
Read MoreWise Money | Lessons for Retirees of the Future
On this episode of WiseMoney, Michael Andersen talks about how to avoid the “could have, would have, should have” moments when planning for retirement.
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