ADDRESSING RETIREMENT’S IMPORTANT NONFINANCIAL CHALLENGES

Retirement is supposed to be idyllic, but it too often comes with social and emotional challenges. That’s likely always been the case, but it may be increasingly common. One possible reason: We’re living longer (in some cases, much longer) than past generations—which, in turn, allows more time for issues such as anxiety, depression and cognitive […]

WOMEN, RETIREMENT AND LONGEVITY

Funding a comfortable retirement has the potential to be a challenging process for anyone. But women, in particular, are especially likely to confront a number of financial risks during their 60s, 70s and beyond. The main reason: Women have a well-established history of living longer than men as well as building less wealth than men […]

YOUR MIND WANTS YOU TO MAKE MENTAL MONEY MISTAKES

Behavioral finance—the study of people’s biases about money and investing, and how those biases impact decision making—has become a hot topic. A pioneer in the field even was awarded the Nobel Memorial Prize in Economic Sciences for his work a few years ago. Understanding some key aspects of behavioral finance can potentially help you make […]

SEVEN WAYS TO MAKE BETTER DECISIONS

Every day—all day, it seems—we make decisions. Many are minor and made almost automatically. Some are far more important. And a select few may be crucial to the outcomes that occur in our lives. So, wouldn’t it be nice if we could take steps that might help us consistently make better decisions? Of course, “a […]

THREE THINGS TO DO BEFORE YOU STRESS TEST

In recent years, we’ve seen stress testing become an increasingly common action step taken by wealthy families and their advisors. At its core, stress testing is a formal process designed to put a wealth plan (or certain components of it) through its paces. That means evaluating and assessing it to see if the strategies being […]

A Look at America’s Ultra-Wealthy Millenials

Ultra-wealthy Americans—those with a net worth of at least $25 million—are increasingly seeing new faces among their ranks. But they’re often not the usual suspects—members of the Baby Boomer generation or older. Instead, we’re seeing a surprising number of the ultra-wealthy among Millennials—those 72 million Americans born between 1981 and 1996. Millennials make up much […]