Drew Berman

A new publication said retirement planning had been moving from saving to spending as longer lifespans, market uncertainty, and rising complexity reshaped decisions.
Its core finding: retirement success increasingly depended on turning wealth into reliable income, not just building assets for long-term growth.
The publication said unclear income often led people to spend less, delay decisions, or disengage, even when they held significant assets.
It emphasized predictable income for essential expenses could build confidence before retirement, helping people stay invested, act more deliberately, and adapt as circumstances changed.
Three perspectives framed the guidance: rethinking income, a client-advisor story, and a planning framework balancing essential income, flexibility, tax efficiency, and evolving priorities.
Overall, the publication pointed toward retirement readiness defined by income reliability, coordinated planning, and long-term flexibility as retirement grew more com

Retirement Planning Shifts Toward Spending

Connecticut homeowners faced steep insurance costs, especially in coastal areas where hurricane exposure, flood risk, property condition, and roof quality could all raise premiums.
To compare policies fairly, shoppers were advised to check multiple agents, direct insurers, and quote sites, while verifying prefilled details for accuracy.
Homeowners were told to ask about bundling auto and home coverage, plus credits for alarm systems, water sensors, and fortified roofs.
Flood insurance came from federal or private providers, covering storm surge and inland flooding, often outside designated zones.
Mortgage lenders required flood insurance in flood zones. Flood policies covered dwelling and contents separately, but did not include extra living expenses.