CT Style Reporter Lisa Carberg, welcomes “Money Wisdom” sponsored by Johnson Brunetti. We’re educating you about smart ways to manage your money. Joining us is Eric Hogarth, Certified Financial Planner and Johnson Brunetti Partner to talk about Baby Boomers and retirement. Many Baby Boomers are not prepared for retirement and even those that have saved have very little confidence [...]
When legendary Hartford cop Donald R. Healey retired in 2007, he was recognized as the longest serving police officer in the country after his front-row seat to 50 years of moments, both mundane and historic, patrolling the city’s streets. Healey died Monday evening at his home in Wethersfield. He was 84. Remembered as a beloved [...]
The underlying message from the recent report released by the Senate Joint Economic Committee is clear from its title, “An Invisible Tsunami: ‘Aging Alone’ and Its Effect on Older Americans, Families, and Taxpayers.” The report looks at the worrisome trend toward increasing social isolation among older Americans. The report examines trends of social support among adults [...]
“Stocks escaped a scary October and set records. So what’s next for your 401(k) in 2019?” USA Today recently posed this question, noting that the stock market made it through October without crashing, as it did in October of 1929, Black Monday in 1987 and in the 2008 financial crisis, which started on Sept. 29. It was also [...]
When approaching a retirement planning case, the first, and most important step, is helping the client to get a handle on what is really important to them. While this is often the very hardest step, it’s also often the most important. There is so much to think about that we put off, because so much [...]
There’s an old saying that every journey begins with a single step. When it comes to retirement planning, have you taken your first step? And what about the many steps that follow? If you have a retirement plan in place, fantastic. You’ve taken the first step, and it may be time to think about making [...]
The most common financial questions involve the word “enough.” Do we have enough? Will we have enough? That’s what most people want to know. Another question must be answered first, though, and that is: “Enough for what?” Many people haven’t seriously pondered this question. Or maybe they have, but answers drift depending on which day [...]
A growing number of Gen Xers and baby boomers are rejecting traditional retirement. TD Ameritrade recently surveyed 2,000 people between the ages of 40 and 79 about their plans for retirement. About 31% of the respondents said they would continue working part time — or already have — after retiring from their career, even if there's no financial [...]
A 401(k) Investment Policy Statement (IPS) can provide a vital map to the continuing success of a company sponsored 401(k) plan. It frames how the plan undertakes its due diligence on behalf of plan participants. It guides the plan sponsor both in its fiduciary duty and in its monitoring of third-party providers. Yet, for all [...]
Several years ago, PoliceOne reported on the retirement of an 84-year-old lieutenant who had served 61 years with the Montgomery County Police Department. This was an extreme case to be sure, but there are many officers who overstay their time in the ranks for a variety of reasons—they may fear losing their entire identity, they may have [...]