Like all scary stories, mine opens peacefully. You and your spouse are enjoying your retirement. Your health is good, and you are doing all the things you dreamed of together. Then, suddenly and tragically, you lose your spouse. As you struggle to deal with your grief, the next trauma comes. You discover that the documents you signed several years ago when your spouse retired don’t have a loophole, and in addition to losing your spouse, you’ve also lost a substantial portion of your income.
One of the few things people know about Social Security is that they’re required to pay a portion of their earnings into the government social insurance program in hopes of receiving a monthly income upon their retirement. An annuity, when properly designed, also can provide guaranteed income in retirement and reduce the risk of outliving your savings.
Like all things, annuities have positive and negative aspects. Here are some common myths about annuities, along with the facts.
Having an honest conversation about finances with your future spouse can save you lots of anxiety and arguments in the future. Just like planning for a romantic date night, I encourage you to plan the environment for your financial discussion. Here are a few financial topics I suggest you discuss before saying “I do”.
Unfortunately, divorce is on the rise among all age categories. If you find yourself in a situation where divorce looks inevitable, or you already are in the process of divorce, here are a few financial tips you should keep in mind.
With everything going on in your life, why do you make time for your annual physical? Maybe your insurance covers it. Maybe you want to ensure you are in good physical shape and catch any potential problems early. I believe the same can be said for your financial health. To ensure you are in good financial condition and stay that way, you must take time for an annual financial review with a professional.
At the start of a new year, people often make resolutions about things they want to change going forward. Finance is one area in which resolutions are made – and often fail. It’s good to make a resolution to make positive financial changes, but without a sound plan, we set ourselves up for failure. Here are three tips to help you develop your plan – simple steps that can set you on a path to a better financial future.
Most people have heard of term and whole life insurance, but are unfamiliar with indexed universal life insurance (IUL). Here are some key points about an IUL and why I often recommend them to my clients.
Since I covered the basics of tax-free retirement accounts in this space, I have received several requests for additional information about TFRAs. I will answer a few of those questions here.
The Cook family gets more than they give from Adopt a Grandparent Day.
Seeing and personally experiencing the difference in the lives and families of those who make a financial plan and those who don’t compels me to continue working to help people make choices that bring peace instead of regret.
Kathy P. Rogers
“The process of planning for the unexpected begins with a conversation. I want to get to know you – your dreams, your goals, your passions. I want to know what makes you who you are. My goal is to listen, then help you design a plan that aligns with all these things as well as your budget.”
Marston Rogers Group
Kathy Rogers is owner and VP of Marston Rogers Group, a financial services and life insurance business. As a Life Planner, her passion is to help individuals and businesses review where they are, then help them design and implement life and retirement plans as well as business exit strategies. Through proper planning and execution, the financial anxiety surrounding life goals and retirement can be greatly reduced.