‘Layin’ it on the line’

“You spent a long time locating the perfect financial advisor. But, are you prepared for the day when that advisor can no longer assist you with your retirement portfolio?”— Lawrence Castillo

If your advisor died or was incapacitated, do you know who would step in to handle your account? Nearly everyone who has begun the task of crafting their ideal retirement has probably had this question in the back of their mind.

It is a necessary, albeit uncomfortable, conversation for you to have with your advisor. When you realize that 73% of all advisors and agents do not have succession plans in place, you can see that it’s a talk you must have with the...

As we reach the end of National Child Abuse Prevention Month, or as Utah and Montana are now calling it—Family Strengthening Month— we reflect on all the drastic world changes in modern times and how this tumultuous whirlwind is affecting the lives of our children.

Over the past two years young people’s lives have been dramatically altered by the COVID-19 pandemic, namely in time largely spent at home in isolation and disconnected from schools, friends, family, and their community. Considering that New Mexico ranks next to last in the nation in child well being, the pandemic has exacerbated existing levels of anxiety, stress, and trauma already experienced by many children and...

ALBUQUERQUE – American Federation of Teachers New Mexico President Whitney Holland, American Federation of Teachers New Mexico Executive Vice President Kathy Chavez, Gov. Michelle Lujan Grisham, and Lt. Gov. Howie Morales released the following statements:

AFT New Mexico’s Executive Council has unanimously endorsed Gov. Michelle Lujan Grisham and Lt. Gov. Howie Morales for re-election to a second term.

“Four years ago, Gov. Lujan Grisham promised a significant change in direction for public education in New Mexico after eight years of the Martinez administration, and she has kept her promises to New Mexico’s educational professionals.

“The Lujan Grisham administration has...

Not having enough money saved to last them in their golden years. Industry expert Tom Hegna has written extensively about this fear in his books “Don’t Worry, Retire Happy” and “Paychecks and Paychecks.” He states, “The number one risk retirees must take off the table is longevity risk because it is the multiplier of all the other risks.”

Time and again, surveys show a top concern for pre-retirees is longevity risk. In one survey conducted for Allianz Life in 2017, 63% of respondents said they feared running out of money in retirement more than they feared death. In our younger years, we are looking to accumulate where the rate of return is important. However, the...