We all want to eventually retire, and a dream for many would be to retire rich. Choosing when is the best time to retire is one of life’s big decisions, and one that requires thought before taking the plunge. While financial markets should never be the main driver behind this decision, they inevitably can have […]
When is the Best Time? Read More »
The cost of long-term care is significant and is something that most retirees will face. There are a few ways those costs can be covered, and you may not be aware of them. The obvious ones include self-funding or purchasing long-term care insurance. But did you know that some Fixed Annuity products that provide you
Medicare benefits start at age is 65, but you can begin receiving benefits years before that. You can benefit from senior discounts if you sign up for an AARP or AMAC membership when you turn 50. The minimum age requirements for other discounts vary by company or locale and may be between 50 and 65
Senior Discounts in 2025 Read More »
After years of diligent saving, many retirees become unsettled by the volatility in the markets, along with the risk of the unknown. The free-floating anxiety that exists when questions like when should you start withdrawing funds, how much is too much, will you have enough money to cover unexpected expenses, what if you outlive your
Uncertainty continues to be the only constant, and volatility is likely to continue as the market reacts to the changing trade landscape. While that can be nerve-racking, our position has always been one of prudence and remaining resilient when mitigating the risk of you losing your hard-earned retirement savings. We believe that will continue to
Our Ideas are Resilient by Design Read More »
This year will see a record number of Baby Boomers reach the traditional retirement age. All of them will be at least 65 by 2030. However, this poses a financial challenge since fewer taxable workers eventually translate into less funding for Social Security. There will be a serious crisis if Congress does not take action.
2024’s Record Number of Retirees May Spark a Recession Read More »
We all know that it is not uncommon for one spouse to be the primary decision-maker when it comes to managing a couple’s money. But this approach can have consequences. One major consequence is if the spouse with the hold on the couple’s financial situation becomes incapacitated or dies, the other spouse may find themselves
We often speak with individuals who provide us with calculations for our retirement income, which calculations are based on various assumptions, from asset allocation to market projections to future returns that may turn out to be wrong. Assumptions are only ever indicative or directional, and while a valuable exercise, a retirement strategy based on these
Chances of Success Read More »
We frequently receive inquiries from family members of decedent owners of various insurance products where there is a disconnect between their impression of who the owner of the policy wanted to be a beneficiary, and who, in fact, ended up becoming the beneficiary. So, we thought to address that topic briefly in this commentary. While
It isn’t always easy to save for retirement, in part because, for many people, it is far enough away that we don’t feel any sense of urgency. One possible solution? Make the future feel closer. You can start this process by asking what future benefit could be provided by choosing where you put your retirement
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IMPORTANT CONSUMER INFORMATION
This site is for informational purposes only and is not intended to be a solicitation for or offering of any product or investment. The offer for sale of an insurance product may only be conducted in a state where the agent is licensed and the product is approved for sale. The providing of investment advice relating to securities may only be done by a properly licensed individual operating through a licensed affiliate entity, unless otherwise exempt. Comments about past performance are not to be construed as a guarantee or assurance of future performance. This website may contain concepts that have legal, accounting and tax implications. We do not provide specific legal or tax advice, nor promote, market or recommend any tax plan or arrangement. Consult a tax/legal professional for guidance with your individual situation. No representations are made as to the accuracy or completeness of the information contained herein or any information contained in any link provided herein, nor does a consumer visiting the web site create an agent-client relationship.
Dustin Grimes, an Investment Advisory Representative (IAR), offers advisory services through Gibbs Wealth Management, an SEC registered investment advisor. The firm only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. Grimes Financial Group and Gibbs Wealth Management are independent of each other. Insurance products and services are not offered through GWM but are offered and sold independently by DPG Senior Signature Solutions OH Insurance License #1130721 and Dustin Grimes OH Insurance License #804074.
