A One in Five Chance of Retirement Failure?
Retirement planning has become all about the income, as in how much and for how long. Last year the Journal of Financial Planning conducted extensive research into retirement portfolio withdrawal...
View ArticleDo Expenses Really Go Down in Retirement?
Most people think they will spend 20% less in retirement than they do currently. Pre-retirees more often than not underestimate the amount of income they will need in retirement. These pre-retirees...
View ArticleWho Has More Retirement Confidence?
Insured Retirement Institute (IRI) recently surveyed retirees between the ages of 50-66 and found 53% who own annuities are extremely or very confident their retirement income will be enough and will...
View ArticleWhy Are Taxes Due On A Roth After Age 59 ½ ?
This is a common question. Many believe there are no income taxes due on Roth withdrawals after reaching that magic age of 59 ½. However there are conditions on nontaxable withdrawals. The IRS has...
View ArticleWhat is the Fiscal Cliff?
The “Fiscal Cliff” is the description some economists have used to describe the potential situation at the end of 2012 when several U.S. tax and fiscal changes are scheduled to occur. This “perfect...
View ArticleNew Year 2013 Retirement Obstacles
There are a number of obstacles that you may face in planning for your retirement: Longer Life Expectancies Longer life expectancies increase the risk of retirees outliving at least a portion of their...
View ArticleWhen You Change Jobs…You May Have an Important Decision to Make!
What to do with your money in an employer-sponsored retirement plan, such as a 401(k) plan. Since these funds were originally intended to help provide financial security during retirement, you need to...
View ArticleSocial Security: It’s Worse Than You Think
Reveled - the government is using outdated longevity models. This not my headline; rather a Sunday’s New York Times’ headline from an article written by Gary King and Samir S. Soneji describing the...
View ArticleSo, You’re Thinking About Retirement?
The word “retirement” means different things to different people. Regardless of the vision you have for your retirement, it’s an event that can produce much satisfaction when you have a blueprint for...
View Article6 Key Points About Social Security and Retirement
The Social Security Administration estimates that 96% of American workers are covered by Social Security. Many Americans, however, don’t have a full understanding of Social Security and the benefits it...
View ArticleRetirement Realities in 2013
Once upon a time retirement was simple you could count on money from a pension and Social Security with bit of personal savings. Not any more. Pensions have mostly gone away causing you to depend on...
View Article4% Rule or a Lifetime Income Annuity
Outliving one’s assets is a major concern for today’s retirees. One common approach to address this concern has been the “4% rule,” which is a generally accepted rule of thumb in financial planning for...
View ArticleConfirmed; Annuity Owners More Confident To Retire
The following IRI survey comes as no surprise to retirement income planners who witnessed their annuity client’s relief and security while they heard stories of large losses from their friends and...
View ArticleRoth IRA Enhancement
The Roth IRA may be one of the most under used retirement income strategies. Due to the deductibility of other retirement saving plans like Traditional IRAs and the 401(k); Roth IRAs are usually just...
View ArticleHome to Retirement Income; a good idea?
At one time, there were only two ways to tap into the value of your home: Sell your home BUT… then you would have to move somewhere else. Borrow against the equity in your home BUT… then you would have...
View ArticleWhat’s the Problem with a Pile of 401(k) Money?
Smart retirement planning has become all about the income, as in how much and for how long. Last year the Journal of Financial Planning conducted extensive research into retirement portfolio...
View ArticleRMDs a Danger to Retirement Plans?
Government regulations dictate senior’s retirement income plans. The question; Is this government “retirement plan” the best option? If they have a traditional IRA, 401(k) and/or any other qualified...
View Article81 Different Social Security Possibilities
How many ways are there to take Social Security benefits? Would you believe there are 81 different possibilities? Most people think of 3: Early retirement at age 62 Full retirement at 66 or later...
View ArticleSocial Security’s Restricted Benefit
Why would anyone want to restrict their Social Security payments? Well, it’s not the payments being restricted it is the type of application that is filed. The restricted application is filed when,...
View ArticleEarly Retirement Stopped by ACA Premiums? How to estimate your premium and...
Due to the requirements of ACA someone who is planning to retire prior to their Medicare eligibility will need to consider the cost of mandated health insurance. As implementation of ACA looms closer...
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