Financial Planning Blog from Phillips Financial | Phillips Wealth Planners - Part 14

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Thousands of Southerners Planted Trees for Retirement. It Didn’t Work.

This WSJ article goes in our file of examples of clients who had investment ideas that went wrong. Surprisingly, it is a Starkville, Mississippi written piece in The Wall Street Journal about the downfall of tree farmers relying exclusively on timber crops for retirement money.

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Women and the Retirement Crisis

Here’s a number that will knock your socks off: $400 trillion.1

By 2050, the retirement savings shortfall in eight of the world’s largest economies is expected to reach $400 trillion, according to estimates from the World Economic Forum (WEF). The shortfall is the difference between the amounts of money retirees may receive from government and/or employer pensions and individual savings. The amount they need to replace 70 percent of their pre-retirement income is also factored in.1

Raymond James Congratulates Lynn Phillips-Gaines, CFP®, CLTC on Being Named to Our Profession’s Distinguished Lists

Congratulations to Lynn Phillips-Gaines, CERTIFIED FINANCIAL PLANNER™ Professional on being named to three of our profession’s distinguished lists. In 2018, she was named to Barron’s Top 1200 Financial Advisors, Forbes Best-In-State Advisors, and Forbes Top 200 Women Wealth Advisors.

This is her second consecutive year to be named to Forbes Top 200 Women Wealth Advisors, and it is her fourth consecutive year to be named to Barron’s Top 1200 Financial Advisors. Each of these prestigious lists spotlights standout financial strategists across the country that were nominated by their firms, researched, interviewed, and assigned in the nationwide rankings.