Why are they made again and again?  Provided by Marc Aarons at Money Managers, Inc.  Much is out there about the classic financial mistakes that plague start-ups, family businesses, corporations, and charities. Aside from these blunders, some classic financial missteps plague retirees. Calling them “mistakes” may be a bit harsh, as not all of them […]

This is happening in subtle and not-so-subtle ways.  Provided by Marc Aarons at Money Managers, Inc.  You may have seen this statistic before or one resembling it: the average 65-year-old retiring couple can now expect to pay more than $250,000 in health care expenses during the rest of their lives. In fact, Fidelity Investments now […]

Some specifics about the “second act.”  Provided by Marc Aarons at Money Managers, Inc.     Does your vision of retirement align with the facts? Here are some noteworthy financial and lifestyle facts about life after 50 that might surprise you.   Up to 85% of a retiree’s Social Security income can be taxed. Some retirees […]

What steps might help you sustain and grow your retirement savings? Provided by Marc Aarons at Money Managers, Inc.   “What is your greatest retirement fear?” If you ask any group of retirees and pre-retirees this question, “outliving my money” will likely be one of the top answers. In fact, 51% of investors surveyed for a […]

“Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.” – Warren Buffett1  Provided by Marc Aarons at Money Managers, Inc.  Risk is a factor in any investment decision that you make. Your tolerance for risk is something that you will want to consider when you make decisions alongside your trusted financial professional. Your […]

Some things to consider.  Provided by Marc Aarons at Money Managers, Inc.  During your accumulation years, you may have categorized your risk as “conservative,” “moderate,” or “aggressive,” and that guided how your portfolio was built. Maybe you concerned yourself with finding the “best-performing funds,” even though you knew past performance does not guarantee future results. […]

Avoid these situations, if you can. Provided by Marc Aarons at Money Managers, Inc. Pursuing your retirement dreams is challenging enough without making some common, and very avoidable, mistakes. Here are eight big mistakes to steer clear of, if possible. No Strategy. Yes, the biggest mistake is having no strategy at all. Without a strategy, […]

A longer repayment time can be an advantage. Provided by Marc Aarons at Money Managers, Inc. The conventional wisdom about taking a loan from your 401(k) plan is often boiled down to: not unless absolutely necessary. That said, it isn’t always avoidable for everyone or in every situation. In a true emergency, if you had […]

Not all gifts are taxable. Provided By Marc Aarons at Money Managers, Inc. I’d like for you to meet my friend, Hugh. He’s a retired film stuntman who, after a long career, is enjoying his retirement. Some of what he’s enjoying about his retirement is sharing part of his accumulated wealth with his family, specifically […]

Two recent court rulings may make you want to double-check. Provided by Marc Aarons at Money Managers Inc. How often do retirement plan sponsors check up on 401(k)s? Some small businesses may not be prepared to benchmark processes and continuously look for and reject unacceptable investments.   Do you have high-quality investment choices in your […]