Windward Passages
May 2017
Are You Ready To Retire?

 
Here are some questions to ask yourself when deciding whether or not you are ready to retire.
 




Alternatives to Long-Term Care Insurance
  
The costs of long-term care can be overwhelming, potentially exhausting retirement income and savings. The prospect of paying costly premiums for LTCI that you may never use might not appeal to you. But there are alternatives worth considering. 
 

Drawings by Carl Richards

We love Carl Richards and his simple, yet clever behavioral finance drawings!  This one is appropriately titled "Paying Attention": 
Is It Wise To Trade Your Pension For A Lump Sum?

Many pension plan participants have the option to take their money in a lump sum when they retire. For many workers, there may be mathematical and psychological advantages to keeping the pension. On the other hand, a lump sum could provide financial flexibility that may benefit some families.

 
Quote
"The idea that a bell rings to signal when investors should get into or out of the market is simply not credible. After nearly 50 years in this business, I do not know of anybody who has done it successfully and consistently." - John Bogle

Converting Retirement Savings to Retirement Income

You've been saving diligently for years, and now it's time to think about how to convert the money in your traditional 401(k)s (or similar workplace savings plans) into retirement income. But hold on, not so fast. You may need to take a few steps first.

 
News Around Windward
What's Happening Around the Windward Offices 

Darrell and Steve headed to Morningstar's annual conference in April, where they listened to financial-industry-famous speakers share their knowledge over the course of the conference.  John Bogle, Michael Lewis, and Michael Kitces were among the few extraordinary speakers. This conference is always refreshing and insightful, spurning new ideas and ways of looking at things in our industry.
 
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