- Page 4 of 5 - Mercer Advisors

Navigating Retirement as a High-Net-Worth Individual

For high-net-worth individuals and families, retirement is a significant shift. A high-net-worth individual, also known as an HNWI, is typically someone with at least $1 million in cash or assets that can be easily converted into cash, including stocks, bonds, mutual fund shares, and other investments.[1] As an HNWI, you may not be too worried about depleting your funds in retirement, but there are many complexities that come into play that can eat away at your [...]

Rebecca Mack2023-04-06T21:57:29+00:00April 3, 2023|Financial Planning, Retirement Income, Retirement Planning|

Will Your Retirement Savings Be Enough?

Are you unsure of how much money you will need in retirement? This is a very common concern for Americans as they approach retirement age. This blog will give you some tips on how to begin estimating your needs in the future, as well as some tips on how to increase the longevity of your savings. How Much Should I Spend? One of the easiest ways to judge how much money you will need in retirement [...]

Rebecca Mack2023-03-06T14:33:54+00:00March 6, 2023|Retirement Income, Retirement Planning|

Making the Switch to Paying Yourself

For most of your life, you’ve probably had a daily routine – from tying your tie to greeting your coworkers to loosening that tie when you get home. When thinking about retirement, not only does your daily routine change but your financial routine does too. In your working years, you made sure to have a savings and wealth accumulation plan. Your retirement goals were focused on building wealth but now, your goal is to spend it [...]

Rebecca Mack2022-12-07T16:28:41+00:00November 18, 2022|Retirement Income, Retirement Planning|

Does the 4% Rule Really Work?

During your saving years, your main goal is to accumulate wealth so that you have the resources to achieve a comfortable retirement. But that is just half the battle. How you use your savings to cover your living costs is the real key to living the retirement you dream of. You may have done some research on what strategies you can use to provide yourself with the income and liquid cash you need to cover your [...]

Rebecca Mack2022-11-03T15:56:06+00:00November 3, 2022|Financial Planning, Investment Strategies, Retirement Income, Retirement Planning|

5 Key Components to the Retirement Bucket Strategy

Saving for retirement is a long-term endeavor. It’s not about finding the next hottest stock or trying to get rich quickly. It requires a different perspective on your wealth and income that accounts for your needs in different stages of your life, from the beginning of your working years through your retirement. These five key components will help simplify the bucket strategy so you can understand it and apply it to your retirement strategy. The Risk [...]

Rebecca Mack2022-09-06T19:49:40+00:00September 6, 2022|Financial Planning, Investment Strategies, Retirement Income|

Is Your IRA At Risk In This Market?

During bear markets, we must ask different questions about our money and our assets. It is no longer about which stocks will double over the next twelve months. Instead, it will likely be about how to preserve your portfolio value by investing in stable equities with a consistent yield or profitability to mitigate the risk of steep declines. Regardless, market downturns happen, and if you have an IRA, you might expect to rely on its distributions [...]

Rebecca Mack2022-07-28T19:49:34+00:00July 25, 2022|Economy, Retirement Income, Retirement Planning, Stock Market|

Will You Have Tax-Advantaged Buckets in Retirement?

You’ll likely have several sources of income in retirement that can be taxed, such as IRA distributions and Social Security benefits. But, do you have any after-tax “buckets” that you can use strategically in retirement to help reduce your tax bill? There may be a few options available to you, so know how they work. How is a Roth IRA Different from a Traditional IRA? Many people contribute pre-tax dollars to a traditional IRA during their [...]

Rebecca Mack2022-07-08T18:32:56+00:00July 4, 2022|Financial Planning, Retirement Income, Tax Planning, Tax Strategies, Taxes|

Why Today’s Retirees Might Fear Running Out of Money

You might have been aiming to save a certain amount for retirement - and maybe you’ve already achieved that goal. But, considering inflation, an unpredictable market, and a lack of guaranteed income once your paycheck stops, you might be reconsidering whether you’ve actually saved enough. There are a few reasons why today’s retirees might fear running out of money and why they need to have a financial plan. Inflation at 40-Year Highs Daily life is arguably [...]

Rebecca Mack2022-06-30T21:21:56+00:00June 30, 2022|Economy, Financial Planning, Retirement Income|

Three Unexpected Taxes in Retirement

When we think of major retirement expenses, we often consider housing, healthcare, and that trip of a lifetime we’ve been dreaming about for years. But, we often fail to consider what could potentially be our biggest expense – taxes. Many of your sources of income in retirement are taxable, so don’t overlook these three unexpected taxes in retirement. Tax on Your Social Security Benefit Although you’ve paid into Social Security your entire working life, your benefit [...]

Rebecca Mack2022-06-10T15:12:17+00:00June 10, 2022|Financial Planning, Retirement Income, Social Security, Tax Planning|

Why We Could See More Inflation and Market Volatility

As we saw during the COVID-19 pandemic, what happens somewhere halfway around the world can have a major impact on us. Now, the global economy faces new threats as a result of Russia’s invasion of Ukraine, including spiking energy prices, inflation, and a volatile market. Know how you could be affected and what strategies you can pursue to help protect your savings. Are You Protected from Market Corrections? We’ve seen market volatility recently and could see [...]

Rebecca Mack2022-04-21T13:13:34+00:00April 21, 2022|Economy, Retirement Income, Stock Market|