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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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Three Retirement Tips for the New Year

As we get further into the new year, our thoughts need to be on more than just last year’s taxes. We should also be thinking about what we need to do to make our retirement the best it can be – whether we’re already retired or getting ready for the big event. As I say…

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Latest News

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Beware the High Fees and Surrender Charges of Bonus Annuities

Should I Change My Retirement Plan After Receiving an Inheritance?

How to Supplement Your Underfunded Retirement Plan Late in Life

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

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Biggest Mistakes Couples Make

A successful marriage is all about communication. So, it make sense that the same can be said about a successful retirement. Retirement planning is tough enough, but when it comes to couples some of the biggest mistakes can be related to the lack of communications, according to the financial planners surveyed for the 2015 Fidelity…

Coming Up Short for Retirement

This is for the people headed towards retirement and coming up short in their savings. According to a 2016 survey  , from GoBankingRates, 23% of Americans have saved less than $10,000 and a third have saved nothing for retirement. Another survey, by TIAA-CREF, says the number one regret of people approaching retirement is that they wished…

Year-end Retirement Savings Tips

Here we are, once again, in the midst of people’s favorite holidays. Between Christmas and New Year’s, it’s time for good food, visiting friends and relatives, gifts, and of course, popping champagne. It’s also time for New Year’s resolutions (which most people forget about by February anyway). It’s the perfect time to assess your financial…

Protecting Pre-Retirees and Retirees from Scams

Washington, D.C. — Recent arrests in the U.S. and India should put a big dent in the one of the biggest scams affecting pre-retirees and retirees – the IRS scam. The U.S. Treasury Department says nearly two million Americans have been targeted by scammers impersonating IRS officials, with 12,000 to 13,000 people submitting complaints every…

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.