Safe Withdrawal Rate (SWR) for Retirement
The best Safe Withdrawal Rate is an SWR that allows you to live retirement to the fullest while being reasonably confident your savings will last for your retirement.
Will I Run Out of Money in Retirement?
Running out of money in retirement is a universal concern. While it does happen to some, it doesn't have to happen to you. Learn what you can do to work toward a financially secure retirement.
How to Start Retirement Planning
The best retirement plan is the one that is personalized to your individual retirement desires and needs; with hard work, diligent saving, and our guidance, we can put you in a good position to realize that.
Making Up For Retirement Shortfalls
The world is headed toward a retirement crisis, and America is no exception. A GAO report found that about half of all Americans age 55 or older have no retirement savings at all. Fortunately, HCM can help you understand the impact of utilizing one or more of the following strategies to help your retirement nest egg last as long as you do.
3 Behavioral Biases That Can Impact Your Financial Decisions
Cognitive Biases are our brain’s natural way of helping us simplify our decision-making process. While often they are the result of ways in which our brains have adapted to make us more efficient, they can be detrimental as well, especially to our investments. Learn how our brains can trick us, what those tricks are, and how to account for them in your investments.
How the Secure Act Could Affect Your Legacy
Most of you have probably heard about the SECURE (Setting Every Community Up for Retirement) Act. It was signed into law before Christmas and went into effect the first of this year. It contains some valuable elements that will help those saving for retirement, but it also did damage to some of the strategies used in long-term family wealth planning. We’d like to talk about a change that could alter literally every financial plan in existence up to now and change the way plans are crafted in the future. If you think we’re being hyperbolic, well… we’re not alone. The Director of Retirement Research at Carson Wealth said “[t]his is nothing short of a disaster for trust planning…”. A Marketwatch article contains the quote “[the Secure Act] is a complete disaster from a planning perspective…”. So what’s so bad in this bill? Well, nothing less than the death of the Stretch IRA.