Tag Archives: Kim O’Brien

How can I prepare for the “Fiscal Cliff?”

With huge spending cuts hitting Americans at the same time as tax hikes, the economy could contract, resulting in a recession and subsequent market volatility. Given this uncertain situation, it’s important for those in or nearing retirement to evaluate their risk tolerance and adjust their financial plan accordingly. Continue reading

Posted in In the News, Personal Finance | Tagged , , , , , , , | Leave a comment

In Changing Retirement Landscape, Annuities Help Employers and their Employees Meet Financial Goals

Earlier this month, General Motors was at the center of some controversy when the automaker unveiled that it would be converting its pension payment plan for 118,000 salaried retirees as a means of shoring up the company’s finances. The announced plan would offer buyouts to currently retired salaried workers who agree to stop receiving a monthly pension check and opt instead for a lump sum payout or equivalent monthly annuity checks paid out by Prudential Insurance Co. So, where does this leave GM’s retirees? Some have expressed reservations that, in transitioning from pensions to annuity payouts, they stand to lose the security of their payments because annuities are not secured by a federal authority like the FDIC, and will have to forgo cost-of-living adjustments. Continue reading

Posted in In the News, Planning for Retirement | Tagged , , , , , , , , , , | Leave a comment

Are Small Business Owners Prepared for Retirement?

New research from The American College, the nation’s largest non-profit educational institution devoted to financial services, reveals that in addition to not having pensions or 401(k) plans, an additional one-third of small business owners have failed to estimate how much it will actually cost them to retire. Continue reading

Posted in In the News, Planning for Retirement | Tagged , , , , , , , , , , | Leave a comment

Planning for Retirement in Today’s Economy

By Kim O’Brien, NAFA President & CEO As millions of Baby Boomers begin to march toward the next chapter of their lives, many are uncertain whether they will have enough money to retire, and others know that they simply have … Continue reading

Posted in In the News, Planning for Retirement | Tagged , , , | Leave a comment