Since the tail end of last year, more and more talking heads in the financial industry have been sounding a message, “Be prepared for lower returns.” This, they say, was particularly true of a portfolio invested mainly in the US. A combination of persistently low yields in government bonds and sky-high corporate valuations even amidst a stall in earnings growth would be the recipe to bring this about, perhaps for as long as the next decade....
Retirement May Involve Supporting More Than Just Yourself
The Street recently reported on a rather alarming statistic that may soon become a norm when planning for retirement. Quoting an HSBC survey, the article below states:
“64% of people age 70 or older are financially supporting others. That’s compared to just 56% of workers, though 73% of folks 30 through 39 and 70% of those 40 through 49 are borrowing money just to make ends meet…”
The 7-year Glitch to Today’s Retirement Aspirations
Expanding Options in Long-Term Care Insurance
According to the U.S. Department of Health and Human Services, almost 70% of Americans turning 65 today will need some type of long-term care (LTC) as they age. And 20% will likely need care for five or more years. Given that the annual cost of that care can extend into six figures, that’s a daunting prospect for many retirees....