While many same-sex couples have done some estate planning, few have truly created an estate plan as a couple. For example, most people name a beneficiary on their retirement accounts or insurance policies, but fail to name a back up or contingent beneficiary. As I tell my clients, it is important to have a back up just in case it’s a tie!

Friday, August 04, 2017

Social Security Income

Why early birds get smaller worms

When considering Social Security income, most people think it best to take the income as soon as they are able. In most cases, this would be starting their income at age 62. While this strategy works for some, there are some other options to consider.

 

Historically, people have looked to bonds for stability, income, and security. As people approach retirement, they tend to take a more conservative risk position with their portfolio. The more conservative people become with their investments, the more bonds they typically add to their mix. For some time now interest rates have been falling or have stayed relatively stable. If that trend changes and interest rates move up, then the value of your bonds may go down.

Friday, July 07, 2017

Become the Ideal Candidate

There are some tricks to impress potential employers by adding some pop to a resume or job application. Having reviewed hundreds of resumes over the years, I know how it can be an arduous task. Recruiters are now looking for the resumes and applicants that stand out from the pack.

Thinking of buying your first home? Congratulations! You’re making a very smart decision. Rents right now are unusually high, and in many cases, you could make a mortgage payment on your current house or apartment that would be cheaper than the rent check you scratch out each month (or the one that is automatically debited from your account). No matter what a stockbroker might try to tell you, residential real estate is still a good investment, and it forms the basis for a higher net worth as you age and have to start thinking about retirement.

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