1. Americans’ Worst Retirement Fears

    An article was recently posted by Fox News that discusses Americans' worst retirement fears.  Needless to say, retirement in America today is a scary proposition.  Retirees are nervous - and for good reason. How This Applies To Your Financial Planning Strategy The top fear of the American retiree today is healthcare at 28%.  A couple who retired in 2014 will need $220,000 to cover healthcare co…Read More

  2. The 7 Retirement Income Risks – And How To Avoid Them

    In building your financial 'house', your foundation is the most important part.  When building this house, your retirement income is your foundation and it must be guaranteed to last as long as you do.  If your retirement income planning strategy in Chicago is wrong, you may start seeing 'cracks' in your foundation, which could lead to disaster. There are seven retirement income risks that must …Read More

  3. The Cost of Waiting

    We often hear from retirees and near-retirees that they 'have plenty of time to make a decision' when it comes to proper financing planning for their Required Income - but what is the true cost of waiting? Required Income is defined as the amount of retirement income needed to pay for basic living expenses, such as mortgage, car, food, medical, utilities, gas, etc.  You know:  The bills you MUST…Read More

  4. Occam’s Razor – The Definition of Simplicity

    Occam's Razor is a problem-solving principle devised by William of Ockham, who was an English friar and Scholastic philosopher in the 1300's.  The principle states that among competing hypotheses, the one with the fewest assumptions should be selected.  Other, more complicated solutions may ultimately prove to be correct, as well, but - in absence of certainty - the fewer assumptions that are ma…Read More

  5. The Retirement Playbook – A Common Sense Strategy

    Everyone knows after talking to me for only a few minutes or listening to my radio show for a bit that I am a 'common sense' guy.  What I mean by this is that if I look up into the sky and I see it is blue, then I am going to say the sky is blue.  If something looks like a duck, walks like a duck and sounds like a duck, then I am going to say it is a duck.  It is common sense.  Agreed? With t…Read More

  6. The Retirement Crisis Quiz

    It seems that practically every week you read an article about a looming retirement crisis in the U.S. That prompts a round of rebuttals denying that the problem is as large as it's made out to be. So which is it? In part, that depends on whom you ask, with several distinct camps of researchers investigating the issue. If you would, please help us by taking this short, 10-question quiz by clicking…Read More