Social Security just announced an 8.7% cost of living adjustment for retirees! That's the largest inflation adjustment since 1981, when it was 11.2%. Luke with Eikenberry Retirement Planning explains to Erin Kennedy why this year's Cost of Living Adjustment, or #COLA, is so high and whether this change should affect your claiming strategy. Luke also addresses concerns of Social Security insolvency and how changes to taxable earnings will affect your Social Security benefits
Rising interest rates could cause lump sum pension buyouts to be significantly lower in 2023. That has a lot of pre-retirees wondering if they should be considering an early retirement. Nick with Eikenberry Retirement Planning walks through several important questions you should ask yourself before accepting that buyout.
As stocks struggle, sales of annuities reached a record high of $77.5 billion in the second quarter of 2022! That's the highest quarterly sales ever recorded! But are they right for you? Luke with Eikenberry Retirement Planning walks through the different types of annuties, including:
-Fixed Annuities/Fixed Index Annuities
Nearly 70% of 65-year-olds will need long-term care, according to the Administration for Community Living. As Nick explains to Erin, the need for care typically lasts about two to three years, but extended care could wipe out a couple's savings, which is why planning is so important
Nick joined Eikenberry Retirement Planning in February of 2012 and become owner in April 2020. You can find Nick active in the daily happenings of the office, including new business, client services, marketing, conducting educational financial workshops and client appreciation events...
Luke joined Eikenberry Retirement Planning in April of 2017 and is an integral part of our daily activities in the office, including new business, client services, marketing, conducting educational financial workshops and client appreciation events...
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Investment Advisory Services are offered through Brookstone Capital Management, LLC, (BCM) a Registered Investment Advisor. 1745 S. Naperville Road, Suite 200 Wheaton, IL 60189 www.brookstoneCM.com (630) 653-1400. Additional information about BCM is also available on the SEC’s website at www.adviserinfo.sec.gov. However, please note that registration as an Investment Advisor or Investment Advisor Representative does not imply any level of skill or training. BCM and Eikenberry Retirement Planning (ERP) are independent of each other. Fiduciary duty extends solely to investment advisory advice and does not extend to other activities such as insurance or broker dealer services. Advisory clients are charged a monthly fee for assets under management while insurance products pay a commission, which may result in a conflict of interest regarding compensation. For a complete description of investment risks, fees and services, review the BCM firm brochure (ADV Part 2A) which is available from your Investment Advisor Representative or by contacting BCM.
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