Illustration by Chris Gash
One of the many drawbacks of record-low interest rates is that they have made creating an income stream in retirement significantly more complicated. Retirees and near-retirees can no longer rely on certificates of deposit and U.S. Treasuries to provide reliable, risk-free income. Interest rates are so low that these investments no longer keep up with inflation, which means investors effectively lose money over time. Likewise, the traditional 60-40 portfolio 60% stocks and mutual funds and 40% government bonds has fallen out of favor with some analysts because of the abysmal returns from the bond portion.
That creates a conundrum for older investors who are reluctant to increase their exposure to an uncertain and volatile stock market. But the financial services industry specifically, the insurance industry has an antidote: annuities that provide higher returns than you’ll earn from CDs or government bonds, with limits on how much you can lose in a mark
How Kamila and Danielle are establishing pathways for Black women to be leaders.
Challenges in increasing diversity, particularly increasing representation for women of color, in the industry.
Steps firms can take to address racial and gender disparities.
Tune in to learn how Kamila and Danielle are fiercely advocating and amplifying the voices of Black women to create pathways for the next generation to follow their lead!
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Guest bio:
Kamila Elliott is the president of GRID 202 Partners. She has nearly two decades of financial planning and investment experience assisting high-net-worth individuals, endowments and foundations, and business owners with comprehensive wealth solutions and holistic planning.
What Is a Financial Planner and When Do You Need One? gobankingrates.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gobankingrates.com Daily Mail and Mail on Sunday newspapers.
5 Questions to Ask Before Hiring a Financial Adviser
Here s how to make sure you get someone you can truly rely on.
Editor s Note: This story originally appeared on The Penny Hoarder.
Do you know your parents’ financial adviser? Is he a friend of the family? Has she served your parents for decades?
Wouldn’t you like to have one of those? You have money that needs minding and could use a steady, knowledgeable hand. After all, you do want to retire someday.
It is likely that you know someone who has the perfect financial adviser. But such relationships don’t just happen. They occur through research and a full understanding of your financial advice needs.
Barbara Raths to lead treasury management at Camden National Bank pressherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pressherald.com Daily Mail and Mail on Sunday newspapers.