Preparing for Retirement

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Eight Keys to a Happy, Prosperous Retirement

Posted by: Irvin G. Schorsch III

This is the time of year when I like to do a little reflecting about what went well in 2015, what didn’t go so well and what I’m thankful for. Let’s start with...


Will Skyrocketing Healthcare Costs Derail My Retirement?

Posted by: Irvin G. Schorsch III

Sure, the cost of staying healthy is rising much faster than inflation. But, staying calm and working the numbers realistically can go a long way to keeping you on your feet...


Yesterday’s Retirement is Old News

Posted by: Irvin G. Schorsch III

Many of those from generations past fought fervently to live out their lives within the comforts of their own home. In fact, the stigma that went along with moving into a long-term care facility or retirement home was so well permeated into the minds of our predecessors that we ourselves may have considered that our retirement savings were indeed to simply fund a life lived at home on our front porch until the end of our days. Jokes about sending someone to the “H.O.M.E.” have finally started to fade away as all-inclusive resort-style retirement homes pop up around the country, leaving many to count down the days until their retirement ‘vacation’ arrives!


4 Ways to Use Credit to Benefit Your Retirement Fund

Posted by: Irvin G. Schorsch III

While the economy has struggled to fully recover from the economic crisis in 2008, individuals can use the recovery period and low rates to benefit their future retirement. Rates have been at their lowest and you do not need to be the borrowing party in order to benefit.


Delaying Your Retirement Benefits More Than Just Finances

Posted by: Irvin G. Schorsch III

When life expectancy was much shorter, it was not uncommon for people to retire at the age of 40. With the increasing life expectancy, as well as increasing cost of living, 60 has become the new standard for individuals to consider retirement, though there is new compelling proof that delaying retirement can have a positive outcome on your life. The benefits of delaying retirement not only contribute to financial success, but also to your general well-being. My response to clients who ask about retiring early is met with surprise - “don’t do it! Never retire early… or at all.”


A Few Questions for Mom and Dad

Posted by: Irvin G. Schorsch III

Unfortunately there comes a time in our lives when we have to discuss our parents mortality. This is no easy task but should be done sooner rather than later. The best approach to the conversation is to assure them that you want to protect their assets and make sure that each specific wish they have is honored.


Retirement VS. Inflation - Ding! Round one!

Posted by: Irvin G. Schorsch III

We have all seen what can happen during a very anticipated boxing match, but there are questions to ask yourself and ways to avoid a financial “knockout”. You need to train hard by creating a full-proof withdrawal plan before you start throwing punches.


Think Smarter Not Harder

Posted by: Irvin G. Schorsch III

Being a fiduciary is a liability, plain and simple. The Employee Retirement Income Security Act covers over 800,000 private pension plan and on average less than one percent have been audited annually by the United States Department of Labor. Around 50,000 of these plans contain nearly $2 trillion while the remaining 750,000 plans which cover 100 employees or less control over $1 trillion. These funds, for example, own over 20% of the stock of publicly traded companies.