Nevada Retirement Planners

Former Gurkha soldiers who fought alongside British troops won a long-running battle for the right to retire in Britain.

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Hundreds of readers responded to an invitation to submit questions about the effects on their personal finances.

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Addressing the issues on the minds of investors on Main Street who are distressed by the fallout on Wall Street.

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Whether through desire or necessity, more older workers are staying in their jobs longer or returning after retiring.

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The bailout plan should allow older Americans to clear the junk out of their 401(k) accounts and invest in government-guaranteed bonds.

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Most of us can take some comfort in the fact that we have time on our sides. Managing our money is a process that unfolds over decades, not days.

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General Motors plans to help the Delphi Corporation with $3.4 billion worth of pension obligations to ease the company out of bankruptcy.

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The attorney general has sent subpoenas to officials at the Long Island Rail Road and the Railroad Retirement Board as part of an investigation into questionable disability payments.

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Baby boomers are redefining retirement and financial advisors that fail to realize how are at risk, says consultant Dan Richards.

In an article to be published in the September issue of the Investments and Wealth Monitor (published by the Investment Management Consultants Association (IMCA) of the U.S.), Richards — president of Toronto-based Strategic Imperatives — lists five key traits that mark the behaviour of typical middle- and upper-income boomer clients.

They are:

1.)    “I want it all.”       

That’s been the watchword for boomers since day one and it will be no different in retirement. Whether it’s instant e-mail responses from Blackberries or other devices, advisors will have to be current with technology.

2.)    Skepticism about authority and institutions

Boomers tend to question advice anyway but once they experience the leisure of semi-retirement, they will bombard advisors with a torrent of questions, especially as their aging parent’s finances comes into the mix.

3.)    Reluctance to give up control

By embracing the Internet, boomers benefit from a leveling of the information playing field. Their tendency to check their online portfolios frequently will not be good news for advisors under the gun for short-term performance. This quest for control will also feed a growing demand for streamlined financial plans.

4.)    Desire for Flexibility

An extension of the boomers’ quest for control is their reluctance to get locked in on financial matters. Boomers want flexibility and may shy away from investments or life insurance solutions that make it difficult for them to extract themselves. This has profound implications for manufacturers of financial products [for example, rear-load mutual funds.]

5.)     Quest for Value.

“Never have we seen a more fickle, less loyal,  more value-driven consumer,” Richards writes, “If they see a better deal, they speak with their feet.” The bar for the perception of superior value will keep rising.

Earlier this year, Richards launched this blog targeted to advisors. It's generally updated twice a week.

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Source The Wealthy Boomer : Retirement

The trainer Larry Jones said he planned to retire after next year’s Breeders’ Cup. His filly Eight Belles collapsed and died after finishing second in the Kentucky Derby. “I’m just physically tired, and it seems like I have a hard time keeping everybody happy,” Jones said. He said that he called several clients and told them not to buy any horses with the intention of having him train them. ¶Average prices at the final session of Keeneland’s September Yearling Sale dropped more than 15 percent …

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