At the most basic level, business transition planning is a strategy that can be put into play when a business is sold or changes hands. For company owners nearing retirement, a successful transition plan can play an important part in creating and preserving the value of the business after it has changed hands.
Atlanta Financial Blog
Investing While Retired
Years ago conventional wisdom was that your portfolio should get more conservative as you age. One widely quoted rule of thumb was that the amount you should have in bonds should match your age. So a 60-year-old would have a 60% bond/40% stock portfolio, a 70-year-old would have a 70% bond/30% stock portfolio, and so on.
While that rule of thumb may have worked decades ago when the average retiree was dead within 10 years of retiring, it clearly doesn’t work today – when 57% of those retiring today are planning to live to at least 90 (TransAmerica (2015) The Current State of Retirement: Pre-Retiree Expectations and Retiree Realities.)
When deciding on the “right” mix for your portfolio, it’s important to consider many things including “how long does your money need to last?” because you don’t want to run out of money before you run out of you! The longer your life expectancy, the more growth (translate that into ‘equity exposure’) you will need.
What do you expect inflation to be in the future? Again, if inflation rises in the future, equity exposure is needed to offset this. On the other hand, your portfolio (and you) have to pass the “pillow test” – which means you can put your head down on the pillow at night and still sleep (relatively) soundly, despite what is going on in the markets and economy around you.
When investors chase returns and take risk they can’t stomach, they are the first to bail out when the market goes down. And selling in a downturn locks in those losses and can be fatal to your retirement dreams. Finding the right mix of growth, risk and safety is essential for the health of your retirement, and it often takes a professional to help you find that perfect recipe.
The travel industry has begun to see growing demand as we move closer to summer. However, not all travel will be the same, as much of the demand is directly related to the COVID-19 vaccine and reduced CDC restrictions. Instead, industry trends have emerged based on individual comfort levels as they apply to different modes of travel.
Below we will explore some of the factors that have contributed to an increase in travel and how different industries are responding to it.
Following a year of economic instability, it appears that many of us are turning our attention to something that’s been around for decades, but has recently piqued national interest – inflation. In fact, a recent study found that people are Googling the word “inflation” at a rapid rate, with a peak not seen since 2010…
As mothers, sisters and daughters, women are often counted on to be caregivers for family members in need. Whether it’s something as small as a cold or as debilitating as a terminal illness, women are typically the ones to care for and help out when a loved one is sick. But what happens when the caregiver is in need of her own care? Too many women are stuck facing this dilemma head on, instead of preparing for it while there’s still plenty of options, resources and time ahead. Below are a few reasons why it’s so important for women to plan for their own long-term care strategies now.