This week Jim and John address The Hamilton Project, a report on retirement issued by the Brookings Institution. Most households in the United States find retirement planning a daunting challenge, with good reason. Rising life expectancy and potentially exorbitant long-term care costs have increased the financial resources required to support oneself and one’s spouse in retirement and old age. There are multiple dimensions of uncertainty when it comes to planning for those years, including returns on investments, health, longevity, Social Security benefits, and the level and type of support available from family members. Jim and John discuss the key elements of The Hamilton Project, which is offered as a framing document to bring attention to trends in Americans’ financial security and preparedness for retirement. The special guest this week is Adam Sherry, an attorney with Anderson & Yocum, APC. Adam and Jim discuss a number of estate planning topics, including foundations and charitable remainder trusts.
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