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Here’s what you should have already done to get ready for retirement at 50

Some people plan for retirement all their lives. But many Americans do little or no planning for retirement. In fact, for some, the first real discussion of retirement comes when they go to see a financial planner a month before retirement. A good financial planner will tell you it’s never too early to start retirement…

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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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Latest News

Purchasing a Fixed, Deferred Annuity in an IRA Can Help You Manage RMDs in Retirement

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

Beneficiary of an Annuity? Help Lower Your Tax Burden with a Transfer to a Qualified Retirement Account

Six Great Websites to Help You with Retirement Planning

Defer Taxes on a Lump Sum Payment in Retirement by Funding an Annuity

Borrowing From Your Retirement to Start a Business

Estate Planning With Deferred Annuities in Retirement: Reducing Your Beneficiary’s Tax Burden

Funding Unexpected Healthcare Costs in Retirement With an Immediate Long-Term Care Annuity

What Is Your Immediate Annuity Exclusion Ratio and How Can It Impact Your Retirement Tax Burden?

Retirement Planning Through Life’s Stages

Understanding Annuity Riders: Should You Consider Including Them In Your Retirement Strategy?

What the 2016 Federal Reserve Bond Interest Rates May Mean for Fixed Annuities in the Long Term

The Pros and Cons of Accepting the Lump Sum Payment of an Annuity Buyout Offer

Financial Planner Designations and Annuity Licenses: Is Your Retirement Professional Qualified?

Claiming Strategies for Social Security, and Resources to Consider

Joint Life Annuity Explained: When Could a Single Life Annuity Be the Better Choice for Married Retirees?

How the Difference Between a Captive and Independent Insurance Agent Affects Your Retirement Plan

Need Out of Your Annuity Contract? What Retirees Should Know About Surrender Periods and Charges

Before You Do Any Retirement Planning, You Must First Do a Budget

Addressing the Bipartisan Budget Act of 2015 Pension Changes With Supplemental Retirement Annuities

Retirement Risks: Handling the Unexpected Cost of Mental Health Treatment

How the 2016 Fiduciary Rule Could Affect How You Pay for Retirement Advice

Worried About Outliving Your Retirement Savings? How a Longevity Annuity Could Help

Family Communication and Financial Planning

Retirement Tax Strategies: How to Choose Between Qualified vs. Non-Qualified Annuities

What Makes an Annuity An Insurance Product and What That Means for Your Retirement Risk Exposure

Insurance Company Ratings Help You Choose an Annuity Provider That Won’t Go Bust

Retiring or Changing Jobs? Consider Using Your 401(k) to Buy an Annuity

Consider an Inflation-Adjusted Annuity to Prepare for Cost of Living Changes in Retirement

How an Annuity Can Supplement Your Social Security Payments for Retirement

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Emergency Budget

There are many Americans who are not saving and, for these people, even a small unexpected expense will likely cause a financial setback. A survey of 1,000 Americans by Bankrate said nearly 60 percent of Americans would not be able to pay an unexpected emergency expense from their savings. Forty-five percent of those surveyed said…

Planning for Health Care expenses in Retirement

What’s the best way to wreck your retirement budget? How about unexpected medical expenses? Ask any financial planner and, he or she will likely say that most couples are not prepared for the financial disruption that could come with an expected or catastrophic illness. Twenty-eight percent of Americans said their greatest fear in retirement is…

Try to Avoid These Retirement Mistakes

There’s a reason I advise readers to talk to a financial professional well before they retire. There is so much more to retirement than saving money, and many Americans can’t even do that. There are a lot of things to consider, foremost among them how long that nest egg will last so you don’t want…

Do a little research before you buy that retirement home

It’s a dream that many of us have. The kids have graduated from college and settled into their new homes and new jobs. Retirement is around the corner. Now that you are empty nesters, that big house in the suburbs no longer works for you and your spouse. So, finally, it’s your chance to get…

There’s more to retirement than saving your money

It’s complicated, this retirement thing. It sneaks up on you, and many of us aren’t quite ready. We haven’t saved enough, didn’t plan enough or we just haven’t figured out what we will do with all that time suddenly thrust upon us. Saving for retirement is difficult enough. Many surveys show that Americans have saved…

Downsizing Your Budget in Retirement

Many people nearing retirement already know they may need to downsize from those big family homes. Why pay for all the maintenance and upkeep when the kids are gone? But they need to also think about downsizing their finances. Reducing that pre-retirement budget can be critical to a successful retirement. Some people start reducing their…

Update your retirement plan regularly — or it could become useless

Remember the days before GPS when we had to follow a road map? (They were free and you could pick them up in any gas station back then). So, what if you were following that map and the highway just ended in the last place you visited — with no signs to tell you how…

Why don’t some small business owners save for retirement?

The people who own and run small businesses are busy – extremely. They have a lot to worry about  — payroll, rent and trying to bring in new contracts. And, on top of that, it seems they are constantly recruiting and hiring. What they might not make time for is preparing for retirement. And that’s…

Women and Retirement

  When it comes to retirement planning, American women often face a unique set of problems. And those problems can threaten to leave many women short on savings, and, thus, in danger of running out of money in retirement. Those problems are meticulously outlined in a new report, “Sixteen Facts About Women’s Retirement Outlook,” from…

Beware of these “Retirement Shocks”

Retirement is a time of major change, and for most of us and usually requires major adjustments. First is the challenge of figuring out how to spend your day, after getting up each morning for however many years to make that early-morning commute to your job. Then there’s the fact that you are no longer…