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Is it Smart to Borrow From Your 401(k)

According to the National Bureau of Economic Research, in 2015, 20 percent of Americans have an  outstanding loan balance on their 401(k) and 37 percent have had loans in the past five years. Ten percent of those borrowers defaulted and a whopping 86 percent of borrowers left their company with an outstanding balance, according to…

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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…

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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…

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Latest News

3 Ways Empty Nesters Can Save More for Retirement

Early Retirement Packages: Analyzing the Risks of Accepting that Lump Sum Payout

2016 Deduction Limits Make Long-Term Care Insurance a Viable Option for Retirees

How Much Time Does It Take to Transition to Retirement? Budget for More Than Money

Why More Retirees Are Buying Fixed-Index Annuities and Why You May Want to Consider One Too

Getting Better Retirement Benefits as Part Of Your End-of-Career Salary Negotiations

Dissecting the Drawbacks: Does an Annuity Make Sense for Your Retirement Income Strategy?

Starting a Business in Retirement: Funding Your Passion Project with Your 401(K)

Prepare for Crisis: Planning for Unexpected Health Care Costs in Retirement

Retirement Planning for Two: Stay Financially Secure When a Spouse Leaves the Workforce

Balancing Act: How Much Company Stock Should Be in Your Retirement Portfolio?

Is a Reverse Mortgage Right for Retirement – Or a Reversal of Fortune?

Look Beyond the 4% Rule: Planning Withdrawals and Allocations to Potentially Increase Your Retirement Income

The ‘Right’ Call: Choosing Insurance to Fit Your Retirement Needs

Insurance, For Your Life: Why Alternative Life Insurance Scenarios Can Be Great Additions to Your Retirement Strategy

The New Day Trading: How Buying and Selling Pensions Could Destroy Your Nest Egg

Not Just for Rich Kids: Should a Trust Be Part of Your Retirement Strategy?

Extra Income on Hand? You May Want to Prioritize Your Retirement Portfolio Over Your Debt

When It Comes to Retirement Age, 70 Is the New 65

If You’re 50, Here Are Seven Things You Can Do Now to Prepare for Retirement

Flexible and Low-Cost ETFs May Be Able to Boost Your Retirement Savings

Robo-Advisors May Lack the Personal Touch Your Retirement Account Needs

Expatriates and Social Security – How Retiring Abroad Can Cost You

Know When to Rollover Your 401(k) into an IRA – and When to Wait

Social Security: The End of File and Suspend

Transitional Retirements Help Modern Retirees Ease Out of the Workforce

How Retirees Can Protect Themselves from Inflation

What Senior Women Need to Know Before their Golden Years

IRAs and Solo 401(k)s: Retirement Plans for the Self-Employed

Recent 401(k) Improvements Should Help Investors Prepare for Retirement

From The Experts

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fixed-indexed annuity
Jun 20, 2016

How a Fixed-Indexed Annuity Interest Rate Is Determined, and the Limits and Restrictions to Know

Fixed-indexed annuities are rising in popularity. I’ve seen that in the financial news, and I’ve seen that firsthand with how many people contact me asking about them. The timing is a bit surprising because the stock market has been notoriously volatile for the past few months.

fixed, deferred annuity

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

Some financial planners will advise you never to do this because it’s redundant, but there are times when it might be beneficial, especially when it comes to managing your required minimum distributions later on. Before you write off purchasing an annuity in an IRA, you should consider how it could impact you for the life of your IRA.

fixed-indexed annuity
Jun 15, 2016

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.

Jun 10, 2016

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

A beneficiary on an annuity has a number of choices to make — how you want to use the annuity you’ve inherited, as well as how you want to deal with the taxes.

Jun 9, 2016

Six Great Websites to Help You with Retirement Planning

by Rodney Brooks We all know that planning for retirement is no easy task: Whatever information we can get to help is welcome. There are literally thousands of websites tasked with helping Baby Boomers slide gracefully into retirement.  A big part of the difficulty in planning for retirement is figuring out exactly where to go…

Jun 9, 2016

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

People who get lump sums of money for whatever reason don’t usually think of annuities as an option unless one is offered. Generally, it’s never recommended that you put all your eggs in one basket (or annuity), but if you’re dealing with a sudden lump sum, often an annuity can be a tax-efficient way to help protect your money.

Jun 8, 2016

Borrowing From Your Retirement to Start a Business

by Rodney Brooks Many Baby Boomers are finding that they are not ready for retirement, but they are also not ready to ride off into the sunset. So, they are choosing to be entrepreneurs in their encore careers. Some have lost their jobs because they were laid off or bought out after spending years with…

estate planning
Jun 6, 2016

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

The government uses fair market value to assess the value of real property in your estate. The value of these properties and business holdings could push you into a taxable territory. Your heirs could run the risk of having to liquidate your assets to cover your tax bill. To avoid that, some choose to use deferred annuities and trusts to reduce their total taxable estate.

Immediate Long-Term Care Annuity

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

A long-term care annuity is an immediate annuity with a long-term care benefit. In the event the individual needs long-term care, the benefit might boost the income payment to several times the initial amount. In addition, the portion of the income payment used towards qualifying long-term care expenses will be nontaxable.

immediate annuity exclusion ratio
Jun 2, 2016

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

An exclusion ratio will determine what portion of each year’s income payment is non-taxable on an immediate annuity. A lot of my clients like to know the specifics of how it’s calculated so they can estimate their taxes. What they don’t know is it can also be a good way to help lower their overall tax burden.