Few people have enough income from Social Security and company pensions (which are less common now) to support their retirement fully. Most need a way to get additional guaranteed lifetime income. There is a time-tested way to create your own supplemental pension. Economists agree that annuitizing a significant portion of your retirement savings is the… Continue reading Creating Your Own Pension
Tag: annuity
How to Leave A Lasting Legacy
While most of us aren’t world-class Olympic athletes, Oscar-winning movie stars or generals who command great battles, we still have a desire to leave some type of mark on this world. For many people, that desired action is leaving a legacy while financially securing themselves, their families, their causes and charitable organizations long into the… Continue reading How to Leave A Lasting Legacy
Can an Annuity Be a Smart Choice in an IRA?
Is it a good idea to buy an annuity within an IRA or Roth IRA? At first blush, the answer would seem to be “no” because one of the biggest benefits of an annuity is tax deferral, which you already have in an IRA. But it’s not so simple. “The answer is, ‘It depends”. It… Continue reading Can an Annuity Be a Smart Choice in an IRA?
Retirement Accounts and Your Tax Burden
They have been on the leading edge of nearly everything since the first of them were born in mid-1946. Now the earliest baby boomers are on the verge of another big moment – and it’s one that many of them might prefer to avoid. This year, the first baby boomers began turning 70½, which means… Continue reading Retirement Accounts and Your Tax Burden
Single Women and Retirement Savings
In many ways, single women face the same problems as men when they consider how to retire with enough income, with one exception: They worry more. Women in general are more likely than men to put money into their workplace retirement account and one third of women, according to a survey, said their savings plans… Continue reading Single Women and Retirement Savings
Should You Buy Longevity Insurance?
As life expectancy for Americans continues to rise, many people face the problem of outliving the amount of money they have saved for retirement. The solution might be a new type of annuity called longevity insurance. A researcher at the University of Missouri has determined the types of people who are more likely to buy… Continue reading Should You Buy Longevity Insurance?