Income Strategies

5 Retirement Tips for Couples

Finances can put enormous pressure on a marriage. Perhaps that’s the reason so many couples don’t find the time to discuss money. Many financial planners have shared stories with me about the issues that can result when couples don’t sit down regularly and discuss finances. Those issues can take an entirely new set of problems…

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Biggest Mistakes People Make Getting Ready for Retirement

It’s always good to learn from your mistakes. But, it might be even better to learn from other peoples’ mistakes. With that in mind, let’s talk about some of the big mistakes people make when it comes to preparing for retirement. (We’re going to skip over some of the more obvious ones, like not saving…

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Why Selling Fixed Annuities for a Cash Lump Sum May Not be a Good Choice

You may have seen the commercials on TV about selling your annuity for cash. This is a business format that’s about as old as annuities themselves. These companies will offer to buy a stream of future payments that your annuity provides from you in exchange for a lump sum of cash. One problem is that these transactions are usually designed to make money for the company buying your annuity, rather than ensuring you get the best value for that annuity. Selling your annuity might seem like a good idea in a pinch, but in the end, it could cost a lot more than you anticipated.






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How Much of Your Retirement Savings Should Be in a Fixed or Fixed-Indexed Annuity?

Allocating retirement assets is a delicate balancing act and one that must be looked at on a deeper level than high risk and low risk. Instead, it might help to work backward and start with how much you need to live on to cover your mandatory and optional expenses. For some, fixed and fixed-indexed annuities can fit in by supplementing that income to cover some of those future mandatory costs.






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