George and Dorothy are 64 and 63 years old respectively. They have heard most of the conventional wisdom that was being passed about regarding how much money Baby Boomers who don’t have a pension would need to retire. People have been saying that you would need at least $1 Million or more. (The Wade Agency will perform a calculated projection of how your current retirement plans are likely to play out under the best and the worst of circumstances. There is no charge for this service and the projection can be run again anytime your circumstances change. Just contact us to set up an appointment). They’ve been married over 40 years and for about 20 of those years, Dorothy was a stay-at-home Mom. She then took on a job as an administrative assistant, which...

Baby Boomers! A unique generation. We Boomers have  faced many challenges together. Now we’re confronted with the challenge of retirement planning – most of us within the next 10 years or less. These are turbulent times. We’ve been through turbulent times before. So what are some of the Retirement Planning Issues that confront Baby Boomers? (The Wade Agency will perform a calculated projection of how your current retirement plans are likely to play out under the best and the worst of circumstances. There is no charge for this service and the projection can be run again anytime your circumstances change. Just contact us to set up an appointment). Social Security Most of the experts believe that those of us who are 55 and older will receive our Social...

As a young man, I remembered being visited by Life Insurance Agents who told me how much life insurance I should have, but were not able to tell me the reason for their recommendations. These agents were usually about the same age as my parents and were members of the Great Generation who had endured the Great Depression and World War II and so I was not comfortable demanding an explanation for their recommendations. (The Wade Agency will perform a calculated projection of how your current retirement plans are likely to play out under the best and the worst of circumstances. There is no charge for this service and the projection can be run again anytime your circumstances change. Just contact us to set up an appointment). When I decided to become an insurance...

An annuity is an insurance policy that insures you against running out of money. The idea of an annuity has literally been around since the Roman Empire as a retirement plan for Roman soldiers. Annuities are widely used today in retirement plans, however you may be surprised to learn that they are not used the way the Romans used them. (The Wade Agency will perform a calculated projection of how your current retirement plans are likely to play out under the best and the worst of circumstances. There is no charge for this service and the projection can be run again anytime your circumstances change. Just contact us to set up an appointment). Fixed Rate Annuity Originally called an equity-indexed annuity, a fixed rate annuity or fixed index annuity generally...

For a married couple, there are 729 different combinations of election options as to when to receive Social Security Payments. For years, number crunching people have performed analyses by spending many hours comparing options on hundreds of electronic spread sheets. So how can we know when to take Social Security? Finally some of these very smart people have distilled the analysis process down to a program that can get us the results of the analysis in a few minutes. It’s called Social Security Timing. It’s new and it’s patented. We have acquired the right to use this facility to assist our clients. We ran the report for a typical Baby Boomer couple and found that there is a difference of over $151,000 in lifetime Social Security Benefits...

How we came to be in the business of Retirement Planning:   You hear a lot of people who do what I do tell you that they’ve been in the business for 35 years or more (especially when they look like me).  I haven’t.  Up until I was 57 years old, I had no thought of being a financial advisor or anything close to it.  At age 57, after a somewhat successful career in Information Technology sales, I couldn’t find a job.  The hopes of finding a job were getting bleak, and I was not handling the situation very well.  I was running out of money and I was suffering from a serious case of chronic anxiety. My doctor prescribed a generic medication that was inexpensive but didn’t quite work. He needed to add a medication that was expensive, just to get my...