5 things to consider before taking the retirement-abroad leap | Economist: Trump, Congress need to be given sound retirement proposals | Baby boomers taking steps to improve their finances
April 21, 2017
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5 things to consider before taking the retirement-abroad leap
The prospect of retirement abroad can be inviting, but the decision is a major one that requires careful preparation. Financial planner Paul Wyand lays out five considerations, beginning with getting a feel for the desired foreign destination.
Next Avenue (4/20) 
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Economist: Trump, Congress need to be given sound retirement proposals
Economist Michael Molinski looks at some of the proposals being floated to solve America's retirement crisis and the challenges they may face. "Now is the time to get a viable retirement plan in front of President Trump and Congress, before they create a system that is not right for America," he writes.
USA Today (4/19) 
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Baby boomers taking steps to improve their finances
Baby boomers are taking positive steps toward a more secure retirement, including managing their spending and planning to retire debt-free, finds a study from the Bankers Life Center for a Secure Retirement. However, the study also found that a quarter of this age group no longer invests at all and that almost 40% of middle-income boomers plan to rely on Social Security as their primary source of retirement income.
CBS MoneyWatch (4/18) 
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Market Trends
Unions, teachers may be own worst enemy on 403(b) plans
Retirement plans for K-12 teachers traditionally have little oversight, few investment options and little employee involvement, but some experts say the efforts to reform 403(b) plans are often impeded by teachers and unions. Unions "haven't been a source of advocacy on behalf of teachers, which is ironic because that's their sole job," says Scott Dauenhauer, principal and owner of Meridian Wealth Management.
InvestmentNews (tiered subscription model) (4/20) 
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Mercer: Shifting pension risk to annuities is more cost-effective
Based upon today's typical costs, transferring pension liabilities to annuities sold by insurers is "significantly more attractive" to companies than holding such plans on their balance sheets, according to consulting firm Mercer. The number of companies shifting pension risks has been rising steadily since 2012, said Lynn Esenwine of Mercer.
Employee Benefit News (4/19) 
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Financial Literacy
Gold maybe not best bet for retirement portfolio
Gold can be useful in a retirement portfolio, but history shows better alternatives for the principal reasons people invest in gold: to hedge against inflation and stock market volatility and to hold a secure asset during turmoil.
CNNMoney (4/19) 
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On the Economy
IMF encourages public investment, tax reform
The International Monetary Fund called for a considered application of fiscal policy in the face of political uncertainty in the US, Europe and China. The agency, however, called for a greater degree of public investment "in light of low borrowing costs and substantial deficiencies in infrastructure" in many countries.
Reuters (4/19) 
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Survey: Investors prefer European over US equities
Global fund managers are choosing European stocks over US equities, according to a survey by Bank of America Merrill Lynch. Of 203 fund managers surveyed, a record 83% say US stocks are overvalued.
The Wall Street Journal (tiered subscription model) (4/19),  Financial Times (tiered subscription model) (4/19) 
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The Adviser-Client Relationship
Clients need guidance throughout Social Security process
Advising clients on maximizing Social Security benefits is only the first step, experts say. Clients likely also need help going through the application process.
Financial-Planning.com (4/20) 
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I stand upon my desk to remind myself that we must constantly look at things in a different way.
Tom Schulman,
screenwriter
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