Are you concerned that you will run out of money in retirement? It’s a real issue, given that people live longer than ever before. It’s wonderful to live a long and healthy life. But it would be best if you spent your retirement years enjoying yourself rather than fretting about whether or not your money… Continue reading Use these 7 killer strategies to never run out of money in retirement
Category: Retirement
New IRS Rule Lets Early Retirees Take More Money from Plans
Fixed-annuity guarantees more income for penalty-free early withdrawals from retirement plans. Post-pandemic, more people want to tap their retirement plans so they can retire early. Thanks to an IRS ruling that became effective in January 2022, they now can take bigger early withdrawals without tax penalties. Here’s how it works. If you take out any… Continue reading New IRS Rule Lets Early Retirees Take More Money from Plans
Laddering Fixed-Rate Annuities Offers Combination of Good Rates and Flexibility for Future
With today’s low interest rates, it takes planning to create sufficient retirement income without taking more risk than you need to. The days when you could get good income from a collection of Treasury bonds are long gone. You can get income from dividend-paying stocks, bank accounts, bonds and bond funds, and several different types… Continue reading Laddering Fixed-Rate Annuities Offers Combination of Good Rates and Flexibility for Future
Has COVID Clouded Your Retirement Picture? 3 Tips to Plan Clearly
Some people planning for retirement may do most of the right things in terms of saving and investing. But they don’t have a crystal ball and cannot foresee exactly how much money they will need in their non-working years – or for how long. That uncertainty – magnified by the financial effects of COVID-19 – is one… Continue reading Has COVID Clouded Your Retirement Picture? 3 Tips to Plan Clearly
Could You Be Missing Out On Senior Discounts?
People who reach or near their retirement years often need to watch every penny. Sure, some of them are financially fit and don’t lose sleep worrying that their bank accounts and investments will run dry. For many, though, frugality is the watchword as they struggle to make it through each month. Fortunately, aging does come… Continue reading Could You Be Missing Out On Senior Discounts?
Want Or Need To Retire Early? Tips On How To Pay For It
Delaying retirement has become common for many Americans, either because they saved too little or they just want to continue working because they enjoy it. Others go in the opposite direction. They retire early – sometimes out of choice but often because their health or the economy forces it. While early retirement might sound appealing,… Continue reading Want Or Need To Retire Early? Tips On How To Pay For It
4 Tips for Your Retirement Planning as a New Year Brings New Hope
COVID-19 took a heavy toll on the U.S. economy in 2020, causing millions of job losses and forcing many businesses to close. It also affected lots of retirement plans in the process. A survey by the Pew Research Center found that 36% of Americans who save regularly are saving less because of the pandemic, and… Continue reading 4 Tips for Your Retirement Planning as a New Year Brings New Hope
Stressing Over Your Retirement Plan? 5 Ways To Boost Savings, Reduce Anxiety
Many Americans have long stressed over their finances, and the COVID-19 pandemic has increased that anxiety, a survey shows. Well over 80% said the crisis is causing them stress with their personal finances, according to the National Endowment for Financial Education. One of the top stressors, many studies have shown, is having enough money saved… Continue reading Stressing Over Your Retirement Plan? 5 Ways To Boost Savings, Reduce Anxiety
Aging & Financial Fragility: How Seniors Can Use Their Experience to Survive & Thrive Through Giving
“Good judgement comes from experience…unfortunately experience comes through bad judgement.” These words of wisdom came from my father, a depression era baby who was very pragmatic. He constantly tried to guide me to protect myself in what he called a “dog-eat-dog” jungle out there. Certainly, seniors need to be very aware and cautious of “get… Continue reading Aging & Financial Fragility: How Seniors Can Use Their Experience to Survive & Thrive Through Giving
4 Key Lessons Crisis Teaches Us About Retirement
Over the past couple months, many investors have become worried about the future of their retirement plans. Between health concerns, the volatility of the stock market and forced isolation, it’s safe to say that there has been both reason and opportunity to question what our future in retirement might look like. If you’re considering retirement… Continue reading 4 Key Lessons Crisis Teaches Us About Retirement
Income Annuities Provide Invaluable Longevity Insurance but Are Still Underused
Few adults would go without auto, home, life or health insurance. But the kind of insurance that protects against the risk of running out of money in old age is still greatly underutilized. It’s called a deferred income annuity or a longevity annuity. Most people planning for retirement should strongly consider an income annuity, and… Continue reading Income Annuities Provide Invaluable Longevity Insurance but Are Still Underused
Ready to Retire? 5 Steps for Getting a Good Night’s Sleep After the Paychecks Stop
Those early days of retirement can be exciting as you are finally rewarded with a little rest and relaxation after all those years of toil. But it can be a bit unsettling as well when the regular paychecks you counted on stop appearing in your bank account. That’s why anyone who’s still a few years… Continue reading Ready to Retire? 5 Steps for Getting a Good Night’s Sleep After the Paychecks Stop
Are You So Focused on Retirement That You Are Missing Out on Your Life?
Mary and Pete saved every penny for retirement. They never went on vacations, they rarely went out to eat, and they lived a frugal lifestyle secure in the knowledge that when they retired, they would be able to live comfortably. In short, they worried so much about retirement that they forgot to experience all that… Continue reading Are You So Focused on Retirement That You Are Missing Out on Your Life?
Is an Annuity a Good Choice for You? Here are the Questions to Ask
Annuities can help you save for retirement, reduce risk, cut your taxes and guarantee a lifetime income. But they’re not right for everyone. How can you tell if an annuity is right for you? And if one is, what kind would best meet your needs? Deferred annuities—fixed, variable and fixed-indexed—help you save more for retirement… Continue reading Is an Annuity a Good Choice for You? Here are the Questions to Ask
3 Factors That Can Keep Retirees Barely Hanging on Financially
They were an active and vibrant couple, determined that retirement wouldn’t slow them down. And it didn’t, at least not initially, as they golfed, participated in activities with their homeowners’ association, and otherwise stayed engaged with the world around them. But a few years into their post-working years the couple grew concerned about whether they,… Continue reading 3 Factors That Can Keep Retirees Barely Hanging on Financially
When Retirement Is Just Around the Corner, These 3 Steps Can Help You Prepare
If looking ahead to retirement makes you a little nervous, you’re not alone. Nearly half of Americans (46 percent) who haven’t reached retirement predict that they won’t be financially comfortable once they get there, according to a Gallup survey. For some, those potentially uncomfortable retirement years are decades away. But for the Baby Boom generation,… Continue reading When Retirement Is Just Around the Corner, These 3 Steps Can Help You Prepare
Believing Annuity Myths Can Hurt You
People miss out on proven solutions to retirement saving and planning because they swallow myths and misconceptions. I HATE Annuities! screams the headline. The ad goes on to list what Ken Fisher, a famous money-manager, claims are the sins of annuities. Those ads have an impact. Many of our callers say they’ve heard that annuities… Continue reading Believing Annuity Myths Can Hurt You
4 Ways to Reduce Risk in Your Retirement Plan
Many people are worried about their retirement from a money perspective. According to a survey by Transamerica, most workers think the financial challenges they’ll face in retirement will be harder to overcome than those that prior generations faced. The dwindling number of pensions, the uncertainty of Social Security and the volatility of investments give credence… Continue reading 4 Ways to Reduce Risk in Your Retirement Plan