If there is one thing you can expect during a presidential campaign it is a whole lot of broken promises. In 2008, historian Joseph Ellis analyzed 200 years of political promises and found only two presidents – George Washington and James Polk – kept their campaign pledges. If history is any indication, voters can only hope their preferred candidate’s actions in office, at best, come close to what was promised on the campaign trail.
Everyone’s experience in retirement is unique. But there are some characterizations we can draw from data collected in various surveys and studies of retirees. Put together they form the nine types of people you’ll encounter throughout your later years. Some offer attributes you may want to adopt and others those you are best to avoid. They all, however, can provide lessons on how to live a fulfilling retirement.
We are extremely pleased to announce that three of our financial advisers -- Daniel McHugh, Michael Hohf and Terra Hohf -- have been named to Forbes magazine’s 2019 Best-in-State Next-Gen Wealth Advisors list. They were recognized as among the top young wealth advisers in Michigan.
Hiring a financial adviser is a good way to boost your chances of achieving your financial goals. Studies have shown that people who work with an adviser save more and feel more confident in their financial futures than those flying solo. Yet many people still hesitate to take this important step.
Humans are curious by nature. Yet there’s much we fail to know about even the most common things in our lives that could really help us.
Classic 20th-century mystery writer Patricia Wentworth said, “Too much information can be just as disconcerting as too little.” Today, with smartphones and tablets, you have an endless sea of information literally at our fingertips. As it pertains to your investments, instant access to all that information can do more harm than good.
It is with great pleasure to announce that Advance Capital Management has earned a spot on the 2019 Financial Times 300 Top Registered Investment Advisers list. This is our third year in a row on the list, which recognizes top independent RIA firms from across the U.S.
Do you have a will or an estate plan? Around half of you reading this said “no.” And of those of you who said “yes,” most haven’t updated their will or plan in some time. If there’s a common unaddressed problem in the financial plans of many adults of all income levels, it’s what to do about their assets when they’re gone.
WANTED: High-energy, extremely selfless and caring multitasker. Duties may include: negotiating the nation’s complex health system, arranging frequent trips to various medical facilities, maintaining a strict prescription schedule and daily tasks such as cooking, cleaning, dressing, bathing and other household chores. Required skills: strong communicator, high stress tolerance and ability to lift more than 20 pounds. Must have a valid driver’s license and must be willing to work long hours and available on short notice. Salary: N/A.
Health is wealth. At no other time may this be truer than in retirement. Whereas many of your expenses decline once you retire (hopefully you don’t have to commute, the mortgage is paid off and the kids are financially independent), health care costs will generally rise as you age.