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Social Security and Medicare Trustees Reports: Financial Challenges Continue

By | 2017-07-26T19:14:22+00:00 July 27th, 2017|Categories: Personal Planning|Tags: , , , , , , |

Every year, the Trustees of the Social Security  and Medicare Trust Funds release reports to Congress on the current financial condition and projected financial outlook of these programs. The newest reports, released on July 13, 2017, discuss the ongoing financial challenges that both programs face, and project a Social Security cost-of-living adjustment (COLA)  for 2018. What [...]

Passion and Work

By | 2017-05-09T22:13:45+00:00 February 3rd, 2016|Categories: Personal Planning, Uncategorized|Tags: , , , , , , |

“Why are you here?” I asked.  The Fortune 500 Executive responded, “Because I am burnt out and exhausted.”  “The company keeps reducing our department and adding more work load to those of us that aren’t cut.”  “I am working sixty to eighty hours a week.” “I want to find out how soon I can quit/retire.” “What [...]

The myRA Retirement Accounts are Now a Reality

By | 2015-01-27T13:40:22+00:00 January 27th, 2015|Categories: Personal Planning, Uncategorized|Tags: , , , , , , , , |

Way back in February 2014, I penned a blog about a new option for workers whose employers did not have a workplace savings plan. It was dubbed the myRA and was designed as a starter savings account. President Obama discussed the new savings option in his State of the Union Address last year and the U.S. Treasury [...]

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Sustainable Withdrawal Rates – Part 2

By | 2014-10-20T17:28:07+00:00 October 20th, 2014|Categories: Personal Planning, Uncategorized|Tags: , , , , , , , , , , , , |

As mentioned in part I: Sustainable Withdrawal Rates, estimating the correct amount to withdraw from your retirement savings is critical in ensuring you make your investments last for your entire life as well as your spouses. Part II focuses on the various techniques that can be employed to minimize the risk associated with outliving your retirement [...]

Dollar Cost Averaging

By | 2017-05-09T22:13:14+00:00 September 11th, 2014|Categories: Personal Planning, Uncategorized|Tags: , , , , , , , , |

If fear of the market keeps you up at night, one of the best and most effective ways to take advantage of any market event, good or bad, is to consider using an investment strategy called dollar cost averaging. You can automate this method to force you to invest on a regular basis regardless of market [...]

5 Keys to Smart Investing

By | 2013-11-01T15:05:30+00:00 November 1st, 2013|Categories: Personal Planning, Uncategorized|Tags: , , , , , , , , , , , , |

Making decisions about your retirement account can seem overwhelming, especially if you feel unsure about your knowledge of investments.  However, the following basic rules can help you make smarter choices regardless of whether you have some investing experience or are just getting started.    Don’t lose ground to inflation It’s easy to see how inflation affects [...]

Healthcare Planning in Retirement

By | 2017-05-09T22:12:35+00:00 August 6th, 2013|Categories: Personal Planning, Uncategorized|Tags: , , , , , , , , , |

At any age, health care is a priority.  But when you retire, you should probably focus more on health care than ever before.  This is especially true for women.  Women live longer, develop certain chronic conditions at a higher rate than men, and are more apt to experience medical limitations that directly affect their daily activities.  [...]

Ideal vs. Acceptable

By | 2017-05-09T22:12:35+00:00 August 1st, 2013|Categories: Personal Planning, Uncategorized|Tags: , , , , , , , , , , , |

At Mackey Advisors™ we do some things a bit differently than the rest of the financial world.  Prospective clients are looking for financial advice they are encouraged not to show up to our office with briefcases bulging with investment statements and tax returns.  Numbers are numbers and too often they bring on feelings of fear and [...]

5 of the Worst Things You Can Do With Your Money

By | 2017-04-18T20:53:58+00:00 April 18th, 2013|Categories: Press Room|Tags: , , , , , , , , , , , |

reposted from Yahoo Financeby: Lisa ScherzerApril 16, 2013 Financial blunders are made all the time and everywhere – at the grocery store, at the bank, in the housing market, in the stock market, with your children’s allowance. Some stem from a lack of knowledge or awareness, while others are the result of human behavior that often [...]

Taking on 5 Big Retirement Myths

By | 2017-04-18T20:53:58+00:00 March 20th, 2013|Categories: Press Room|Tags: , , , , , , , , , , , , , , , , , |

reposted from thestreet.comby: Brian O'ConnellMarch 19, 2013 It is said that the ancient Greeks had a knack of wrapping truths in myths, the better to communicate everyday truths. An interesting concept, but one that won't wash with our investment experts, who were invited to pick their biggest retirement planning myth and debunk it, whether it be how much [...]