Justin’s in the know when it comes to cool stuff to watch, listen to and read. Here are his favorites for June.Continue reading
Now that you’ve graduated, it’s time to take charge of your finances.Continue reading
Our firm update provides a cool historical timeline indicating our milestones. Check it out.Continue reading
Congratulations to Justus Morgan on earning the RICP® designation!
Candidates for the RICP designation must complete a minimum of three college-level courses and are required to pass a series of two-hour proctored exams. They must also have three years of experience, meet stringent ethics requirements, and participate in The College’s continuing education program.
The RICP educational curricula is the most complete and comprehensive program available to professional financial advisors looking to help their clients create sustainable retirement income. The rigorous three-course credential helps advisors master retirement income planning, a key focus area not fully covered in other professional designation programs. From retirement portfolio management techniques and mitigation of plan risks to the proper use of annuities, employer-sponsored benefits and determining the best Social Security claiming age, the RICP provides a wealth of practical information for advisors.
Using the most current techniques, RICP’s identify retirement income needs and objectives and evaluate a client’s current situation relative to those goals. Individuals who earn a RICP can provide expert advice on a broad range of retirement topics including income needs and objectives, estate issues and other risks to the retirement income planning, Social Security, health insurance and housing decisions, and income taxation.
The American College is the nation’s largest non-profit educational institution devoted to financial services. Holding the highest level of academic accreditation, The College has served as a valued business partner to banks, brokerage firms, insurance companies and others for over 86 years. The American College’s faculty represents some of the financial services industry’s foremost thought leaders. For more information, visit TheAmericanCollege.edu
Many people have a great image of what retirement will be like. Justus Morgan’s column explores the non-financial aspects of retirement.Continue reading
Click the link below to access our latest newsletter featuring Justus Morgan’s monthly column, workshop announcements and more!
Prudent investors realize they must hold a variety of assets that perform differently in changing economic conditions. Read more of Justus Morgan’s monthly columnContinue reading
Read our September newsletter!
Justus Morgan’s monthly Racine Journal Times column – Follow the plan
October 20 workshop – Navigating the Medicare maze
November retirement panel discussion
Read our August 2015 newsletter!
Justus Morgan’s monthly Racine Journal Times column – Long-term care misconception
September workshop – Long-term care planning with Allen Hamm
November retirement panel discussion to be hosted at FSG
Career Asset Management website introduced www.CareerAssetManagement.com
Career Asset Management Facebook page – www.facebook.com/careerassetmanagement
Career Asset Management twitter @CareerAsset
To Your Wealth Update – August 2015
Too often the focus of retirement planning is on how much money you have saved and whether you’ll have enough to live on for the rest of your life. While this is important (considering the average 55 year old has only saved $109,000 for retirement), it also ignores some of the other issues to consider such as lifestyle changes and purpose.
Let’s face it, most people thinking about retiring have been working for the past 30-40 years. The last time they didn’t have a job was when they were teenagers. While for some people, retirement feels like an extended vacation (and it usually starts that way for everyone), after a couple of months the euphoria can start to wear off.
A great exercise for anyone considering retirement is to take out a calendar or even a blank piece of paper and outline how you plan to spend your days. If you find lots of blank space, it could be a warning sign that retirement will be less than fulfilling. For many people, part of their self-identity is wrapped around their careers and what they do. Remove this from the equation and you can find yourself lost.
For married couples, it’s also important to consider the lifestyle changes if one spouse already stays at home as your daily routines are about to get turned upside down. I’ve had multiple conversations with non-working spouses who secretly wonder how life will be with their significant other constantly around. There’s an adjustment period that must be acknowledged by both spouses.
Another aspect of work that I hear from retirees is missing is the social connections of being around other people. Developing a strategy to stay engaged either with friends or other groups is crucial to feeding the social animal within each of us. A great way to do this is to volunteer some of your time. There are many worthwhile nonprofit organizations in the Racine community that would love to benefit from your wisdom and experience.
Mitch Anthony’s book “The New Retirementality” is a great resource for understanding some of the non-financial aspects of retirement. For some, the whole notion of retirement (i.e. quitting work) doesn’t make sense, especially when they love what they do. Mitch addresses this concern and dispels other common myths around retirement that I find helps to open the discussion around retirement and move it away from traditional concepts into a more broader discussion of finding purpose in your life now (not when you retire).