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
Tag: saving for retirement
5 Tips for Parents to Help Their Kids Get Started With Retirement Planning
It’s a whole new world for recent college graduates entering the workforce. Their priorities have changed. Now bills, rent, and student loans lead their monthly list. Retirement planning ranks low as a priority for many young people in the early stages of their careers. About two-thirds of Millennials have nothing saved for retirement, according to… Continue reading 5 Tips for Parents to Help Their Kids Get Started With Retirement Planning
Annuities Beat CDs by Offering Higher Guaranteed Rates and Tax Savings
Older Americans love certificates of deposit. But fixed-rate annuities, which function like CDs, usually pay much higher guaranteed rate. And they offer tax deferral. CDs have one main advantage over annuities: they’re insured by the FDIC. But I think it’s a tiny advantage, all things considered. Fixed annuities are guaranteed by life insurance companies, which… Continue reading Annuities Beat CDs by Offering Higher Guaranteed Rates and Tax Savings
How to Match Your Current Savings to Your Ultimate Retirement Needs
In a nation that debates nearly everything, this topic creates almost no disagreement. Americans aren’t saving anywhere near enough for retirement, setting the stage for a potentially dreary time ahead for many when they reach the closing act of their lives. In fact, a study by the Economic Policy Institute found that almost half of… Continue reading How to Match Your Current Savings to Your Ultimate Retirement Needs
How To Survive Retirement In A Pension-less Society
Most people nearing retirement have had to adapt to a changing world along the way. At one time, retirement rested on what financial professionals like to refer to as a three-legged stool – Social Security, savings and a pension. That stool went wobbly, though, when most private-sector pensions began to disappear. Years ago, the idea… Continue reading How To Survive Retirement In A Pension-less Society