Message is clear: Americans are ‘on their own’

The Bakersfield Californian September 25, 2012 A growing number of Americans are being left “on their own” to figure out how they will support themselves in their old age. The 2012 Retirement Confidence Survey released by the Employee Benefit Research Institute in September revealed that baby boomers and members of the generations that follow are … Read more

Reverse mortgages may not be easy, safe money

The Bakersfield Californian July 24, 2012 If you watch much television these days, hardly an hour will go by without someone pitching reverse mortgages to senior viewers. Even a former U.S. senator/presidential candidate is hawking these loans as safe, easy cash. Under certain, limited circumstances, obtaining a reverse mortgage may make sense. But many are … Read more

Annuity is complex, but good retirement hedge

The Bakersfield Californian June 7, 2012 With defined-benefit pensions disappearing and stock market volatility giving people nightmares, an increasing number of my boomer retirement planning clients are asking me about investing in annuities. An annuity is an “investment,” most commonly with a life insurance company, that can pay out retirement income, often through the lifetime … Read more