BSMG Blog: Protecting the Future of Families and Businesses

4 Most Common Regrets of Retirees

According to the U.S. Census Bureau, 10,000 Boomers will turn 65 every day for the next 18 years.

For some people, retirement isn’t a topic that they enjoy talking about. Many Boomers entering retirement today who avoided discussions are faced with regret. The 4 most common regrets you'll hear from retirees are:

  1. I took my Social Security too soon.
  2. I went into retirement carrying too much debt.
  3. I failed to factor in the rising costs of health care and inflation.
  4. I've just waited too long to get started

In this day in age, retirees are healthier and more active than ever, and Baby Boomers seem to be staying younger longer. They blazed the trail for a change in generational standards by postponing life’s big decisions such as marriage, children and becoming home owners. In turn, this means that most have shied away from discussing and planning for their retirement. Unlike generations passed Boomers will probably see a longer and more fruitful retirement in the years to come. Here are some top facts related to today’s pre-retirees: 

  • Fewer than 20% of pre-retirees have planned how they will manage their cash flow in retirement.
  • 64% of pre-retirees do not expect to receive enough income from Social Security and employer pensions to cover their basic living expenses in retirement.
  • 74% of pre-retirees with a written plan are confident their money will last their lifetime.
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Where Will Your Clients Be When Bull Turns Bear?

Since March 2009, the S&P 500 has gained 171%. Pretty impressive, right? But, as history has shown us when long-run bull markets end, the decline can be pretty dramatic. 

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12 Questions Your Clients Have About Their Retirement Income Strategy

Be prepared to discuss everything

From mortgage to Medicare, life span to retirement income, potential retirees will have a wealth of questions. 

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Cash Value Life Insurance & Managing Multiple IRAs: BSMG's Russ Towers Publishes 2 New Articles at

BSMG's VP of Business & Estate Planning, Russell E. Towers, J.D., CLU, CHFC has recently published two very popular articles on

Both have been widely shared on social media, and for good reason, they provide valuable insight into how advisors can help clients meet their financial needs using life insurance and annuities.

Here's Why Cash Value Life Insurance is a Superior Product

Russ' February 26 piece, titled "Here's why cash-value life insurance is a superior product" clearly relays the many tax, financial, and legal/contractual advantages of cash-value life insurance that make it a unique and attractive asset class. 

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Recession-Proof Asset Strategies Part 1: Life Insurance with LTCi

In the wake of the great recession of 2007-2008, there is now an ever-growing search for financial safe havens. Factors including potential market volatility, surging healthcare costs, and the rising price of retirement have your current and potential clients hungry for asset strategies that help:

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