forbes Archives | Jamie Hopkins Retirement https://hopkinsretirement.com/tag/forbes/ Retirement Income Solutions Sun, 09 Jul 2017 19:51:23 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 Millennial Managers A Guide For Successful Management https://hopkinsretirement.com/millennial-managers-success/ Sun, 09 Jul 2017 19:50:47 +0000 https://hopkinsretirement.com/?p=2669 Millennial Managers Need Help In Workplace Millennial managers are taking over the workplace. By 2050 they will control the American office. However,…

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Millennial Managers Need Help In Workplace

Millennial managers are taking over the workplace. By 2050 they will control the American office. However, many are ill-equipped to lead today. A recent Harvard Business Review report found that older workers distrust millennial managers and do not view them as role models. This is a real issue. As more and more millennials take the reigns of management, organizational effectiveness will hinge on their leadership and management skills. Both companies and millennials need to take on responsibility for improvement. This means that millennials will have to buck some of their common stereotypes by working late and leading by example.

However, millennials won’t be able to do it alone. Success will also require older generations to buy into a new management style and follow their manager’s lead. This does not mean the older generations can’t push back in certain ways, but they need to understand that change is happening. Millennials often have different challenges than previous generations but a lot also stays the same.

Check out this quote from the article “Ultimately, millennial managers will need to lead by example. Because many older employees are hesitant to accept them as role models, they will need to demonstrate their work ethic, leadership, and trustworthiness over time. This might mean Millennials need to be the first ones in the office in the morning and the last ones out the door at night. It also means they must understand the needs of employees of any generation so that they can help them achieve their own goals and the overall goals of the organization.”

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To learn more, read this recent Forbes article by Jamie Hopkins and Bryan Yackulic. Bryan is the Assistant Director of the Chartered Leadership Fellow® Program at The American College. He is also an Adjunct Professor of Management at The American College of Financial Services.

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The New York Times Got It Wrong About Reverse Mortgages https://hopkinsretirement.com/new-york-times-got-wrong-reverse-mortgages/ Thu, 06 Jul 2017 21:44:36 +0000 https://hopkinsretirement.com/?p=2666 The New York Times Got It Wrong About Reverse Mortgages There are tremendous Misunderstandings about reverse mortgages. A recent 2017 RICP Retirement…

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The New York Times Got It Wrong About Reverse Mortgages

There are tremendous Misunderstandings about reverse mortgages. A recent 2017 RICP Retirement Income Literacy report from The American College of Financial Services, which surveyed roughly 1,200 Americans about retirement income knowledge, found that Americans vastly misunderstand home equity and reverse mortgages. In a recent New York Times Article, some of these misconceptions were again pushed to the public. In a response piece with Forbes, Jamie Hopkins discusses the literacy report. Additionally, he explains some of the major misconceptions surrounding reverse mortgages. Consequently, Hopkins says that far too many Americans lack a retirement income plan that incorporates home equity and reverse mortgages into the plan.

Instead, many people think RMs are dangerous products where the homeowner gives up ownership. Instead, RMs require the homeowner to maintain ownership of the home. While reverse mortgages are not for everyone, they should be part of the planning discussion.  To learn more, read this recent Forbes article interviewing Jamie Hopkins on the topic.

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Forbes Article: How Essential Life Insurance Is To Retirement https://hopkinsretirement.com/forbes-article-essential-life-insurance/ Thu, 27 Apr 2017 19:09:51 +0000 https://hopkinsretirement.com/?p=2655 Jamie Hopkins’ Newest Forbes Article On How Essential Life Insurance Is To Retirement: Retirement income planning expert Jamie Hopkins’ newest article was featured…

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Jamie Hopkins’ Newest Forbes Article On How Essential Life Insurance Is To Retirement:

Retirement income planning expert Jamie Hopkins’ newest article was featured in Forbes. The article discusses the the role of life insurance in a retirement plan and how essential life insurance is to retirement. Consequently, the article provides numerous ways and strategies that life insurance can be efficiently used in retirement. First, life insurance can be used to replace lost income due to the early death of a spouse. Secondly, life insurance can provide tax benefits. Thirdly, life insurance can provide a bond substitute in the portfolio.  However, life insurance needs are not consistent for ever person. As such, each individual needs to review his or her own situation in order to determine their life insurance needs. To learn more, read the recent Forbes article by clicking the link below.

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