The Society of Actuaries Committee on Post Retirement Needs and Risks has just published another paper about retirement policy in America. While you may not be interested in reading all 62 pages of this paper, here are some thought-provoking take-away ideas and questions to consider.
Hats off to the organizers of this year's +AICPA conference.
Retirement planning sessions ranged from the highly technical (portfolio decumulation strategies, intergenerational tax planning, and trust and estate management) to the highly personal (dealing with losses, preparing ahead for dementia, and being thoughtful about what habits and personal circumstances actually correlate with retirement satisfaction).
In the first of this three-part series on savvy cash flow management, we identified monthly discretionary cash flow as the primary metric for financial freedom. The subject of this post is what do you do with that freedom?
In our society, senior citizens are asked to navigate some really challenging personal finance tasks as they age, without much help or clear explanation. I’m wondering if you agree that as a culture we need to press the reset button.
At the Canadian Applied Positive Psychology national conference last month, there was a cornucopia of intriguing ideas about what supports the good life, with each idea refreshingly presented from a data-based, scientific point of view.
PaulaHogan is a fee-only financial advisory firm offering comprehensive financial planning and portfolio management services.
Paula H. Hogan, CFP®, CFA is the founder of Paula Hogan, a Milwaukee-based fee-only financial advisory firm offering portfolio management services and comprehensive planning services to individual and families. Her firm is nationally known for thought-leadership in the financial planning field and in particular for combining an understanding of sound economic planning principles with a detailed and nuanced understanding of each client's circumstances and preferences. The firm's investment strategy is centered on the use of low-cost asset class (index) funds, for example as provided by Dimensional Fund Advisors . The firm's philosophy is described in this May 2013 Research Magazine cover story and it is delivered on the day-to-day to clients by the firm's team of professional advisors. Paula has contributed to the field of financial planning through both service and thought-leadership. She served on the national Board of Directors of NAPFA 1999 to 2001 and on the national board of the Financial Planning Association (FPA) from 2009 to 2011. She currently serves on the licensee board for Money Quotient®. NAPFA awarded Paula its Robert J. Underwood Award for her substantial contributions to NAPFA and to the financial advisory profession in 2002. She has written several articles for the Journal of Financial Planning and also the AAII Journal, and co-authored papers for the Wharton Pension Research Council symposium in May 2012 and for the John Marshal Law School Annual Employee Benefits Symposium in April 2013. Bloomberg Wealth Manager/AdvisorOne has named Paula one of Top 50 Women in Wealth and has also named her firm as one of the nation's top advisory firms in multiple years. Locally, Paula has been recognized as a Milwaukee Magazine 5-Star Wealth Manager annually since 2009. She currently serves on the board of directors for the St. Camillus retirement community and on the advisory board for Stowell & Associates. Her education includes an Economics degree from Princeton University and a Master of Science degree from the Harvard School of Public Health.