And it usually says, “Spend me, spend me, spend me!” This is one of the underlying fears of extremely wealthy people who fret about leaving too much money to their heirs. People unaccustomed to handling large sums of money often end up in a dark place and/or are easy targets for others seeking to separate…
When my great-great-grandfather, Patrick Finn, arrived in Winsted, Connecticut as a young lad from County Cork, Ireland in the mid-1850s, he couldn’t have had any kind of future planned for himself yet. How could he? He was only four years old. But by the time he was a teenager, young Patrick successfully landed a good…
Managing the Risks – A Delicate Balance Achieving a happy, comfortable retirement is largely dependent upon how successful one is at managing the many retirement risks we all face leading up to, and during, retirement. Depending on whose literature you read there are anywhere from six to ten or more risks people should consider when…
Adjusting Your Expectations in a Post-Economic Meltdown World If you were fortunate enough to have invested in stocks over the past 30 or so years; and, If you were fortunate enough to have stayed with it through the past four years when the financial world went crazy; and, If you still have a good portion…
Lifetime Income or Lump Sum? There’s no such thing as a one-size-fits-all when it comes to making decisions about your retirement options. But choosing lifetime income instead of a lump sum for your pension distribution makes tremendous sense for a variety of reasons. The simple truth is . . . “Nothing provides you with a…
Bloomberg: Nevada Claims Settling for About $200,000 Apiece August 21, 2012 – Early this morning, reports surfaced citing unnamed sources about Johnson & Johnson’s agreement to resolve three DePuy artificial hip lawsuits. If confirmed, these will be the first known DePuy settlements to occur. This news comes less than a week shy of the two-year…
Tax Advantage Still Favors Structured Settlement (Maybe) August 16, 2012 – Two days ago, with a headline that couldn’t have been more blunt, Bloomberg News reported that the 5-Year CD fell below 1% for the first time ever. While you’d be hard-pressed to find anyone championing this sobering report, it’s important to keep this news…
New FREE Webinar Series Announced As part of our firm’s ongoing commitment to helping clients meet their long-term financial security needs, we are beginning to convert many of the popular lectures and seminars we’ve given over the years into a format that will make them more accessible to all. Keep your eye on the Finn…
Guaranteed Income Solutions Appropriate for Most Regular readers of our blog will notice a few recurring themes in our posts when it comes to retirement planning and post-settlement planning: Protecting yourself from the risk of outliving your money is wise Slow and steady wins the race Things that look too good to be true usually…
Annuities Sometimes it’s just fun to find new ways to talk about annuities. (Get it? A-new-at-ease?) A few days ago, MONEY senior editor Walter Updegrave dispensed some helpful advice to a 55-year old woman worried about protecting her nest egg now that she’s ten years away from retirement in his column “55 and scared: ‘How…