In the ever-shifting economic landscape, modern-day retirees face a trio of formidable adversaries — inflation, longevity, and market volatility. While these factors are unavoidable realities of the financial world, understanding them and deploying effective strategies to mitigate their impact is critical. One such powerful tool in the retiree's arsenal is an annuity.

 

KNOW YOUR ENEMIES

 

Inflation is the increase in the cost of goods and services over time, gradually eroding the purchasing power of your retirement savings. It can be particularly damaging for those on fixed incomes, as the value of their money decreases while the cost of living continues to climb.Longevity is...

New BLM reform may reduce that number

 

From a young age, we teach our children the importance of taking responsibility for their actions and cleaning up after themselves when they make a mess. We should expect the same from the oil and gas industry working in New Mexico.

But for far too long, antiquated policies under the current leasing system have left our families on the hook to pay to clean up messes left behind by bankrupt oil and gas companies – messes involving orphaned wells with decaying and leaking infrastructure that can pollute our air and water. This has robbed our communities of tax dollars that could have been put to use improving our children’s classrooms, and...

Let’s talk rivalries. Everyone has an opinion on Coke versus Pepsi. How about werewolves against vampires? Do bears beat Battlestar Galactica? Hufflepuff or Gryffindor? DC versus Marvel? There are so many good matchups to entertain.

In this case, we need to think about snakes versus pirates. Why in the world do we need to play out this battle?

First of all, I know my friend Byron is going to read this and he hates snakes, but his favorite baseball team is the Pittsburgh Pirates. Secondly, we can clear up a big grammar gaffe by thinking about pirates and snakes. It’s time to talk about “there is” and “there are.”

Increasingly I’ve heard people throwing around “there...

You may think that retirement is a long way off, especially if you’ve recently changed jobs, started a family, or are sending children to college. While planning for retirement may not necessarily be at the top of your list, it’s definitely something to think about.

How concerned should I be about health care retirement planning?

Health benefits are normally worth thousands of dollars and, as such, protect you against financial risk in case of illness or accident. While it is easy to take health benefits provided by an employer for granted unless your company provides full retiree health benefits, once you retire, you’ll need to figure out how to cover these costs or a portion...