Since 1990, the number of couples over the age of 50 getting a divorce has risen sharply for a number of reasons. In fact, about 25% of the divorces in the US are between couples in their 50s or above. Called “gray divorce”, this rising trend which is founded in the baby boomer generation has lead to a great deal of uncertainty when it comes to separating the finances and preparing for retirement. Gray divorce has led to all types of difficult questions that have couples wondering about the … [Read more...] about Gray Divorce Financial Implications
In recent times, news have come and gone featuring Grand Rapids, Michigan’s second largest city and the United States’ 114th. Located on the banks of River Grand, GR is arguably one of the most industrialized and influential cities in the US. For some, it is the furniture city but for baby boomers, it is a perfect place for rest! Well positioned about 170 miles away from Detroit, Grand Rapids makes room for fine culture coupled with several beautiful attractions that oldies should not miss … [Read more...] about Grand Rapids, Michigan Makes Retirement List
Hiring a financial planner is a serious and thoughtful decision that directly impacts your life and your financial health. It can be difficult and confusing for consumers of any age to decipher what the titles and initials signify and if a financial planner is accredited. What Is A Certified Financial Planner? Certified Financial Planners are licensed through the Certified Financial Planning Board of Standards and the Financial Planning Association. They utilize a code of ethics, pay a yearly … [Read more...] about Financial Planner Credentials
For many years, it was the American dream to own a home. In later years it was the American dream to own the home debt free. Burning the mortgage papers was a celebratory passage. However for those approaching retirement paying off a mortgage has its' positive and negatives. Many factors both financial and emotional should be taken into consideration when deciding if or when a mortgage should be paid off in full? Financial And Emotional Considerations Debt Free Retirement Is it a primary … [Read more...] about Pay Off A Mortgage For Retirement?
Three buckets you say? Three buckets of ... ? Three bucket retirement strategy. We've all heard of the four percent rule and the buy less stocks, more bonds as one ages. The traditional four percent rule recommends that retirees liquidate no more than 4 % of their retirement portfolio per year; four percent is considered the "safe" rate. However as the population ages and life expectancies increase, a retirement portfolio remains under pressure to fund a retirement which could easily last … [Read more...] about The Three Bucket Retirement Strategy