Mark Brunell’s Career Earnings of $50 Million . . . Gone! March 9, 2012 – With the NFL Scouting Combine recently concluded and Draft Day fast approaching, many college football players, no doubt giddy with anticipation, will soon be eagerly awaiting that life-changing phone call from an NFL team which will hopefully set them on…
Because Your Longevity Risk is Increasing, That’s Why! With apologies to our younger readers, remember the 1977 Dannon commercial that linked the high centenarian population of then-Soviet Georgia to eating yogurt? What a difference a generation makes! When Congress passed the Social Security Act in 1935, average life expectancy at birth was only 62.81 years. …
“Anyone can get old. All you have to do is live long enough.” — Groucho Marx — For most, the realization starts to take root when you hit the age 30 milestone. For others, it’s age 40. But without a doubt, by the time that AARP application hits your mailbox at age 50, you begrudgingly begin…
Center for Retirement Research at Boston College Among the growing body of academic research focusing on retirement vulnerability, a Special Project of the Center for Retirement Research at Boston College provides additional insights into one of the challenges facing all of us who worry about living comfortably during retirement. Running out of money. This project,…
The Annuity Puzzle Why does human nature permit an individual to choose Option A over Option B even when overwhelming evidence assures even the most casual observer that Option B is the superior choice? Ever chosen unwisely when dating? Marrying? Buying a car, a house or a stock? Ever fail to follow a doctor’s advice? Ever skip taking vitamins…
GAO Report Emphasizes Annuities as a Smart Choice for Retirement Security Last month, the United States Government Accountability Office (GAO), in its Report to the Chairman, Special Committee on Aging, U. S. Senate, made an extremely strong case for annuities in retirement planning. Entitled Retirement Income: Ensuring Income throughout Retirement Requires Difficult Choices, this report was prepared…
Seems people have a penchant for going “Back to the Future.” “Old” ideas get a fresh coat of paint and are recycled for the next generation who embrace them as their own. Just think of all the successful TV shows that focus on a particular historical period in time but are produced a decade or…
The same tax deferral benefit enjoyed by contingency fee lawyers for years is now available for another group of professionals often looking for a sensible tax break: Business Brokers and Real Estate Agents. This is terrific news for any realtor or business broker who has always sought a way to safely and conveniently defer taxes on commissions they earn…
You’ve spent a career laser focused on advocating for your clients. You’ve tried cases. You’ve negotiated settlements. But now you’re thinking it may be time to “hang up the laces,” hand the reigns over to someone else and head for the barn. Mixed metaphors aside, are you ready for this transition? Risk is inherent in the life of any…
“Make Your Money Last a Lifetime.” That’s the title of a December 1, 2010 article by personal finance expert Jane Bryant Quinn in her most recent AARP Bulletin column “Financially Speaking.” On a personal and professional level, I’m always drawn to articles about retirement planning in hopes of gleaning some new nugget of wisdom I…