The Quincy Group Blog2021-06-03T20:56:38+00:00

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Why Can’t You Rely Solely on Social Security in Retirement?

Social Security is only designed to replace a part of a retiree’s income, and the buying power of its benefits doesn’t necessarily keep up with inflation. The services retirees tend to spend the most money on – housing and medical – have increased significantly. Moreover, inflation can erode your savings. One thing’s for sure, you can’t solely rely on Social Security in retirement. First, know when you’ll claim benefits and how much you’ll receive. [...]

Strategies to Help Survive Volatile Markets

A volatile market can make anyone nervous, but it can be especially nerve-wracking for retirees and soon-to-be retirees who are concerned about protecting their nest eggs for the long term. And one thing will always hold true: No one can predict the market’s ups and downs. Therefore, it’s important to create, no matter how positive or negative the stock market looks, a comprehensive retirement strategy that will help you survive a volatile market. One [...]

June 20th, 2022|Stock Market|

Start Your Retirement Off on the Right Foot

Retirement planning can be stressful because there are a lot of things to keep track of. One of the steps that often gets overlooked is announcing to your employer that you are going to retire. This may require writing a letter to explain your plans and goals for the future, while also choosing a date for your last day of work. It is a big step because it signifies the beginning of your retirement [...]

June 13th, 2022|Retirement Planning|

Planning is the Key to Your Retirement Masterpiece

We all have retirement dreams and personal goals. For some of us, that means biking across Europe or hang-gliding off the coast of Morocco. For others, the ideal retirement may be more of an inward journey. There are plenty of closet artists, writers, and musicians out there who can’t wait to leave the daily grind behind and pursue their true passions. Even if you’ve never been one for the arts, you might find the [...]

June 6th, 2022|Retirement Planning|

3 Helpful Tips for Preserving Your Wealth

Whether you’re approaching, transitioning into, or already in retirement, it’s crucial that you develop a plan to protect your hard-earned savings. Having a solid financial plan that you can rely on is critical. It can help give you the confidence to enjoy the things that are most important to you and can help ensure that your money will last a lifetime. When it comes to your retirement, nobody can read the future, but it [...]

May 31st, 2022|Financial Planning, Investments|

Will You Continue Earning Income During Retirement?

Retirement doesn’t have to be the “end all, be all” of earning a steady paycheck. In fact, retirement could be the start of doing something that you’ve always wanted to do and now, get paid for doing it. While some people continue to work because they need the income to cover rising expenses in retirement, others work longer simply because they want to. They enjoy the social interaction or they want to continue to [...]

How Are You Dealing With Market Risk?

As if it isn’t hard enough to plan for retirement, a whole bunch of other things to worry about pop up almost daily. The market is unpredictable, as is the world and events that affect the market like the pandemic and the war in Ukraine. So, how are you dealing with market risk? Many people take a “set it and forget it” approach to their retirement plan. That may have worked 30 years ago, [...]

May 16th, 2022|Investments, Stock Market|

Don’t Forget About Estate and Legacy Planning in Retirement

According to recent studies, the “great wealth transfer” will have baby boomers transferring as much as $72.6 trillion to their heirs by 2045.[1] Estate planning is defined as the preparation of tasks that serve to manage an individual’s asset base in the event of their incapacitation or death. Whereas legacy planning is defined as a financial strategy that prepares a person to leave their assets to a loved one or next of kin after [...]

May 9th, 2022|Estate Planning|

Don’t Let Your Retirement Be Held Hostage By the Market

We saw record highs in 2021, but 2022 may turn out to be an entirely different story. The market is reacting poorly to the prospect of slow economic growth and the reality of high inflation. We recently saw the NASDAQ have its worst loss since 2020. Many investors may fear a recession amidst a volatile market, high inflation, and changes in Federal Reserve policy. Market drops can be caused by any number of unpredictable [...]

May 2nd, 2022|Economy, Retirement Planning, Stock Market|

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