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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…

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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…

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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…

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Latest News

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

Gaining Clarity on the Fixed-Index Annuity and Retirement Planning

Should Retirees Take a Chance on Real Estate Investment?

Reconciling Fees and Your Retirement Planning Goals

Real Life Issues That Might Complicate Your Retirement Strategy

The Changing Retirement Landscape: What Color Is Your Retirement?

From The Experts

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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.

Jun 1, 2016

Retirement Planning Through Life’s Stages

by Rodney Brooks So, when should you start planning for retirement? In your 20s, retirement just seems so far away that we just feel like we can put it off. And today’s Millennials are still feeling crippled by their college debt. In your 30s, we are distracted by getting married, raising a family, and buying…

annuity rider
Jun 1, 2016

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

While just about all of my clients have heard the term “rider,” very few understand what they are when it comes to their insurance and annuity policies. Riders are simply voluntary optional benefits you can add onto an annuity or life insurance. Some can be very helpful for you or your beneficiaries while others might…

2016 Federal Reserve Bond Interest Rates

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

Insurance companies are able to set a pre-determined interest rate and even go as far as to guarantee it. One way insurance companies make these guarantees is through the bond market and the interest rates that the Federal Reserve sets on their government bond offerings.

May 19, 2016

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

Many insurers have offered lump sum payouts to annuitants to remove the contracts from their books, or to end ongoing payment obligations, and they often have a good reason for this. Sometimes, it might be a good idea to take this lump sum payout, but unless you are well-informed about the process, it could cost you.

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

The title of “personal financial planner” is expected to grow by 30% through 2025, which is why people really need to understand who is qualified to give them financial advice. Certifications and professional designations can help show a financial professional’s level of expertise.