Will You Outlive Your Assets? The first step in tackling longevity risk is to figure out how much you can realistically afford to withdraw each year from your personal savings and investments Many Americans do not realize that one of the greatest risks to their financial security in retirement may be outliving their money. According [...]
Tag Archives | retirement
Five Common Retirement Planning Mistakes
It is difficult to create an effective investment plan without first targeting a specific dollar amount and recognizing how much time you have to pursue that goal. Only 14% of American workers say they are “very confident” they will have enough money to live comfortably throughout retirement. 1 To help reduce such uncertainty from [...]
Thinking About Life Insurance? Start Here
Universal life policies are highly flexible in regard to premiums and face value. Do you need life insurance? If there are individuals who depend on you for support — financial or otherwise — you probably do. But what kind and how much? Below are some definitions that can help you familiarize yourself with insurance products. [...]
Retirement Planning: Three Steps Can Pay Off
An employer-sponsored retirement plan and an IRA can help to build retirement savings. When planning for retirement, certain external factors, such as stock market returns or the rate of inflation, are beyond the control of investors. But there are issues that preretirees can control that may be helpful in building retirement assets. According to academics [...]
Job Concerns Keep Retirement Confidence Low
There appears to be a relationship between level of debt and consumer confidence in being financially prepared for retirement. Concerns about job security and household debt are keeping the retirement confidence of U.S. workers at the lowest levels seen in more than two decades, according to a new report from the Employee Benefit Research Institute [...]
Plan Sponsors: Young Workers Need Different Messages
When communicating about retirement savings, frame your message differently for various age groups. Workers under the age of 35 historically have had the lowest level of participation in employer-sponsored retirement plans. When these workers get older, they will have missed opportunities for compounding that could have made it easier to build retirement assets.1 “For younger [...]
Strategies for Smart Retirement Planning
Whether retirement is just around the corner or 30 to 40 years away, regularly setting money aside — particularly in a tax-deferred vehicle such as a 401(k) or tax-exempt account like a Roth IRA — can often be the smartest move you can make. A study conducted by the Employee Benefit Research Institute estimated that [...]
About PPS Advisors
The PPS Advisors Team is led by Larry Passaretti, Managing Director. Larry has over 25 years of financial investment planning experience.
