Retirement

If Your Clients Have Not Saved Enough For Retirement, Understanding Social Security's Spousal Benefits Options Might Help

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Many Boomers have failed to save enough money to support the type of lifestyle they’d like to lead during retirement. And although Social Security doesn’t provide nearly the amount of security it used to, there are ways to maximize your clients’ benefits, especially if they are married.

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Buying An Annuity So Assets Aren't Counted In Determining Medicaid Benefits Eligibility

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In Morris v. Oklahoma Dept. of Human Services, the US 10th Circuit addressed whether an institutionalized spouse could buy an annuity for the benefit of the other spouse to reduce assets considered in determining Medicare eligibility.  The Court ruled in favor of Morris, concluding that an annuity meeting certain requirements can be purchased to convert countable resources into uncountable income.

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Defaults on 401(k) Loans On The Rise: But This Is A Non-Issue for Clients of Advisors

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Americans are increasingly borrowing from their 401(k) plans and increasingly defaulting on those loans, according to just published research. A report on 401(k) loan defaults says money being drawn out of retirement plans prior to retirement, what industry folks refer to as “leakage,” is a lot larger than a number of industry and government reports have indicated. In fact, leakage of funds in 401(k) plans due to involuntary loan defaults may be as high as $37 billion per year nationwide, depending on the source of the data on loans outstanding and the assumed 401(k) loan defaul

How Changes In Volatility Can Impact Retirement Plans

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Over the past two decades the finance industry has come to embrace dynamic analysis such as Monte Carlo. The increase in volatility in the stock market has made this necessary while the increase in computer processing power has made it feasible for all financial advisors. Many advisors use Monte Carlo analysis to demonstrate to their clients the probability that they will be able to meet all of their retirement goals. This has made retirement planning more informative and more realistic.

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Niche Opportunity: Small Business Owners Who Are Disappointed With The Market Value Of Their Businesses

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Baby Boomers are the largest segment of the population and have been since they became a generation. Now, they’re also the largest segment either retiring or approaching retirement. Many postponed retirement during the recession in hopes of getting a better price for their businesses after the recession was over. That’s not necessarily the way it’s happening.

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