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When the kids come back home (Don’t let them wreck your retirement)

The stories have been all over the news for some time now. Burdened by crippling student loan debt, Millennials are returning home to live with their parents. According to a Pew Research Center report, for the first time in modern history, more 18-to-34-year-olds are living with their parents than those living single, with a partner…

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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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Latest News

Uncover 401(k) Fees and Calculate Your Expense Ratio to Save More for Retirement

Need to Increase Your Retirement Savings Contributions? Auto-Escalation Can Help

Keep Your Tax Burden in Check: Five Tax Tips for Retirees

From Roth IRAs to RMDs, Experts Offer Tax Strategies for Retirement

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

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Five Things Retirees May Forget to Plan For

Rodney Brooks Retirement is tough enough, but it can be really tough for the people who did little or no planning. It’s tough enough even for those who do plan for retirement. After all, there is much to consider. Which means that there could be a possibility for some people to either forgot something or…

Jul 1, 2016

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.






prescription drug prices

How to Prepare for Spikes in Prescription Drug Prices During Retirement

One thing that can be difficult to predict when you’re planning your retirement is how much you’ll wind up paying for healthcare once you’re retired. The good news is new treatments and lower-cost healthcare resources are created every day. The bad news is one aspect of healthcare many retirees need most tends to cost the most: prescriptions.






Social Security benefits
Jun 23, 2016

Using Immediate Annuities to Guarantee Retirement Income While Delaying Social Security Benefits

While you might be eligible to take benefits at age 62, some experts would recommend you don’t. That’s because the earlier you take them, the less you usually get.






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.