1. Taking the Hassle Out of the Holidays

     Happy Thanks Giving From SafeMoney

    The holidays are around the corner. It’s getting closer to cherished times with family and friends. But for many Americans, this memorable period comes with its own stresses. Apart from the “typical” hustle-and-bustle, the holiday season itself presents many financial pressures.

    As we’ve covered before, seniors already face a number of challenges in retirement. Say your family is living out-of-state. If finances are already tight, travel could be costly and difficult. Like seniors, working Americans have their own difficulties, too. Many households struggle with just having enough retirement funds as current household expenditures take priority. For instance, in a 2014 study by, over 33.3% of American workers didn’t have any retirement savings. It’s therefore not surprising why people often wonder about how they’ll account for costs of travel and other holiday-related activities.


  2. Avoid a Retirement Nightmare with Proper Planning

    Avoid a Retirement Nightmare with Proper Planning

    In the past, we’ve discussed how not planning for retirement comes with downsides. But what if you’re just a few years from retirement? Or what if you and your partner already are retired?


  3. Financial Challenges for Seniors in Retirement

    Financial Challenges for Seniors in Retirement

    In a prior blog post, we discussed the importance of discussing financial matters with the family. When it comes to retirement lifestyle needs, it’s important to take heed of potential pitfalls as well. There are a number of challenges which could impact seniors’ financial security.

    Greater generational wealth, increased life expectancy, and technological innovations all have exercised a heavy hand on the retirement planning process. Now there are more years for which seniors should plan financially. But what are some of the challenges which can impact retirement security?

    Let’s take a closer look at some of these potential pitfalls below.


  4. The Importance of Transparency


    In the past, we have talked about unsavory tactics used in the life insurance marketplace. Hype isn’t something limited to just life insurance products, either. Industry-wide, there are a number of “financial gurus” offering advice which they say is suitable across-the-board for investors. But there’s hardly any such thing as a one-size-fits-all solution for everyone.

    These dynamics bring up the value of transparency. Financial decisions are life-impacting. They are hardly small matters. At the point-of-sale, people rely upon the word, knowledge, and expertise of the financial professional with whom they’re working.


  5. The Downsides of Not Planning for Retirement

    The Downsides of Not Planning for Retirement

    Retirement security continues to be a pressing concern for Americans. But many people aren’t taking steps to prepare themselves. In late May 2015, The “Report on the Economic Well-Being of U.S. Households in 2014,” published by the Federal Reserve’s Board of Governors, offered many concerning insights into this landscape.

    In the study, 31% had no retirement savings or defined-benefit pension. It was reported 39% of those surveyed have “given little or no thought to financial planning for retirement.” Moreover, these trends were somewhat reflected in people’s expectations for the future. The study showed 26% said their retirement plan consisted of working as long as possible. Likewise, 12% said they never planned to retire, and 45% reported they would work somewhat to keep money coming in.


  6. Discussing Retirement with Your Family

    Discussing Retirement with Your Family

    In a prior blog, we’ve covered what a dream retirement lifestyle may look like. Other discussions have centered on the importance of planning for retirement or the array of retirement vehicles available. But what about the process of retirement planning itself?

    Retirement planning isn’t limited to just people and their advisors. When someone reaches retirement age, support networks become important. Responsibilities shift. Family members are actively involved in their parents’ caretaking. Or they may take on the role of caretaker for their parents.


  7. Be Careful with Advice from Financial Gurus


    In the past, we have talked about the importance of preparing for retirement. Other blog posts have focused on why it’s good to be careful with advice from dubious “financial experts.” Today, we build on the importance of why coming up with a retirement plan that’s based on your unique needs is the best approach.

    There’s no shortage of financial advice for American workers and seniors. But that advice doesn’t apply to everyone across the board. In today’s flooded media marketplace, much of the expert financial guidance is broad, generalistic, and very much one-size-fits-all.


  8. What is Your Retirement Confidence?

    What is Your Retirement Confidence

    In prior blog posts, we discussed the importance of preparing for retirement. After all, it’s a critical component of a secure post-retirement lifestyle. Having an effective, personalized retirement plan will help bring lasting peace of mind.

    Unfortunately, surveys continue to show Americans have strong anxiety about their retirement. A recent PricewaterhouseCoopers survey report offers insights into current levels of retirement confidence. In the 2015 Employee Financial Wellness Survey, retirement confidence was stronger than last year’s survey. 57% said they weren’t confident they’d be able to retire when they wanted to – down from 60% in 2014 and 65% in 2013.


  9. Differences between Fixed Index Annuities and CDs

    Fixed Index VS CD

    In previous blog posts, we’ve discussed topics such as the growing appeal of fixed index annuities. Changes in the American retirement landscape, such as the shrinking availability of defined-benefit pensions, is prompting many workers and retirees to investigate alternative retirement income vehicles. As a result, total fixed index annuity sales in 2014 shot up 104.3% from total sales figures in 2004, according to Beacon Research ($47 billion in 2014 versus $23 billion in 2004).

    But what, then, about CDs? How do fixed index annuities stack up against them? To get a comparative overview of both financial solutions, let’s cover some history as well as key differences.


  10. The Guarantees Offered by Insurance Carriers

    bank broke

    In previous blog posts, we’ve discussed financial products offered by insurance carriers, such as annuities. But what if an insurance company fails? What then happens to your money in the annuity or financial solution issued by that insurance carrier?

    In the context of “Safe Money” – or money you can’t afford to lose – it’s worthwhile to discuss bank failures as well as insurance company failures. After all, bank options and annuities are two ways of preserving your wealth from the effects of market downturns. They’re means of keeping your hard-earned money safe.