Category: Frank’s Financial Tips

Volatility vs. Risk: What’s the Difference and How Do They Impact Your Portfolio?

Volatility and risk. When it comes to investing, those two terms mean the same thing, right? Not exactly. While volatility and risk can both refer to market downturns, they don’t have the exact same meaning. Understanding the difference between volatility and risk can help you make more informed investment decisions and implement the right long-term […]

Gen X: Your Retirement Catch-Up Plan

Are you a member of Generation X? Generally defined as individuals born between the mid-1960s and early 1980s, Generation Xers today are in their 40s and 50s. They still have time to save for retirement, but it’s quickly approaching on the horizon. Generation X has faced a number of challenges, including the financial crash of […]

What’s Your Strategy to Pay for Long-Term Care?

What will be your biggest financial challenge in retirement? Will it be trying to protect your assets and avoid market risk? Or perhaps you’re worried about managing your spending so your funds last through your lifetime. Maybe you’re concerned about taxes or keeping up with inflation. For many seniors, the biggest challenge may be long-term […]

Roth Conversion: Is It Right for You?

The IRA is one of the most popular retirement savings vehicles. There are several variations, but in recent years the Roth IRA has become an increasingly popular option. Roth IRA balances grew 51 percent from 2010 to 2013, while traditional IRA balances grew 28 percent over that same period. In 2013 more than $6 billion […]

What Should You Do With the Balance in Your Former Employer’s 401(k)?

According to a study from the U.S. Government Accountability Office (GAO), more than 25 million Americans left their 401(k) balance in a former employer’s plan during the 10-year period from 2004 through 2013.1 There’s nothing technically wrong with leaving your balance in the old plan, but it could create challenges as you plan for retirement. […]

3 Unique Challenges Women Face in Retirement

New research suggests that women may face greater financial challenges in retirement than their male counterparts. A study from the National Institute on Retirement Security found that women age 65 or older are 80 percent more likely to live in poverty than men. Women age 75 to 79 are three times more likely.1 Why are […]

3 Steps to Help You Retire Early

Do you want to retire early? You’re not alone. A recent study from MSN found that two-thirds of millennials want to retire before age 65.1 That’s well before Social Security’s full retirement age of 67. While early retirement may be a desirable goal, it can also be a challenging one. Early retirees face a number […]

Life Insurance Tips for Single Parents

According to the 2017 Insurance Barometer Study by Life Happens, only 60 percent of respondents agreed that single parents of young children need life insurance. On the other hand, 82 percent of respondents said married couples with young children need life insurance protection.1 Single parents often may be in greater need of life insurance protection […]

3 Questions to Ask Yourself Before You Purchase Long-Term Care Insurance

According to the U.S. Department of Health and Human Services, today’s 65-year-olds have a 70 percent likelihood of needing long-term care at some point in their lives.1 That means long-term care will be a reality for many retirees. Long-term care is extended assistance with basic daily functions such as bathing, mobility and eating. It’s often […]

The ABCs of Medicare

Getting ready to retire? If so, you have some big decisions ahead of you, such as when to file for Social Security and how to manage your investment strategy. Perhaps one of your biggest decisions is when to enroll in Medicare and what type of coverage to select. In its original form, Medicare only covered […]

1 2 3 4