Life’s Example Of How Retirement Income Is Done |
March 5, 2013 |
Member Posts, Retirement Planning, Your Retirement
From the desk of Wayne N. Schwartz, RFC Relevance age 30-52 Think of it this way: The money you put away today (this year) for retirement tomorrow (30 years away) will be used one time in the future. EXAMPLE If you are 35 years old and save $500 per month ($6,000 per year), this money has a probability of growing to $48,000 * in 30 years which will then be used for ONE YEAR OF RETIREMENT INCOME. One year of savings is needed for one...
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Carl Ostenson |
March 4, 2013 |
Carl Ostenson, Member Posts, Retirement Planning, Your Retirement
“If you find yourself in a hole, stop digging. “ Will Rogers Let’s look at the problem of “Figuring out how to set up your retirement accounts so you get the income you need and lower the risk of running out of money.” First……. Let’s Review Dollar Cost Averaging If you have a 401k at work, you are probably familiar with the term Dollar Cost Averaging. For example. Let’s say you set aside $300 a month to go into your 401k. That $300 goes into...
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Carl Ostenson |
February 11, 2013 |
Income For Life, Member Posts, Robert Zimmerman, Your Retirement
Written By: Robert Zimmerman | H&R Advisory Service, LLC Were you there in 1987 when the market dropped over 20% in one day? Were you among those who watched awestruck while the stock prices streamed across the screen? Did you participate in 2007 when the market dropped over 50% over a period of months? Many people are still frightened by the idea of going back into the investment scene and are willing to accept the low interest rates offered by government bonds or bank accounts...
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Carl Ostenson |
February 5, 2013 |
Carl Ostenson, Income For Life, Member Posts, Your Retirement
This is kind of like asking “Who makes the best pizza in Chicago?”, Ask 5 people and you are bound to get 5 different opinions. So let’s look at 3 common ways that people get income from their retirement accounts. We’ll also look at the Pros and Cons of each, and then you can decide. 1) Put your money in the bank and live off the interest This is the most conservative approach. Many seniors who remember hard times seem to go with this one....
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Carl Ostenson |
January 31, 2013 |
Annuity Basics, Fixed Annuities, Your Retirement
It is shocking how few people actually understand the true value of fixed annuities. Most have their investor hats on when trying to evaluate annuities, when in reality, annuities are simply a form of insurance in which you are transferring the financial risk of outliving your retirement savings to the insurance industry. Fixed annuities do provide guaranteed growth rates, but that should not be the primary reason for your purchase. Another way to phrase the title above is – why would anyone buy insurance? Well,...
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Carl Ostenson |
January 24, 2013 |
Your Retirement
Annuity Think Tank just released an exclusive white paper to their subscribers titled, “Retirement Secrets of the Richest, Most Conservative, and Happiest Investors in America”. The 5 page report reveals some shocking truths about some of the richest and happiest investors in America, including where they have their money right now and why. The report also covers the changing tide of retirement and how these rich and conservative Americans are creating their own personal pensions. Click here to access this educational article. Find a Retirement...
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Carl Ostenson |
December 3, 2012 |
Jeremy Smith, Member Posts, Your Retirement
Written By: Jeremy Smith | Amerishield Just as you go to doctors for expert medical advice, shouldn’t you go to retirement and insurance advisors for their expert advice? With increased use of the internet however, many people are using the internet to get their retirement advice instead of finding retirement experts to educate them. For instance, maybe you’ve used Google to read up on fixed indexed annuities. You might have read horror stories about this and that because the internet is filled with them from...
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Carl Ostenson |
November 27, 2012 |
Retirement Planning, Your Retirement
A recent LIMRA study revealed that only one in four pre-retirees (aged 55-70 still in the workforce) claim that they feel “very prepared” for retirement. This rate is five percentage points lower than what was reported in a similar 2010 survey. In addition, a majority of these pre-retirees say that they will need to withdraw nine percent of their assets each year to cover basic living and discretionary expenses. Given the lackluster economy and low interest rates, this high withdrawal rate will put many at...
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Carl Ostenson |
November 26, 2012 |
Income For Life, Retirement Planning, The United States Economy, Your Retirement
As the media outlets have recently been highlighting, Congress is on the hook to work together in forming a plan to keep our country from going over the fiscal cliff… this fiscal cliff is referring to the impact of current laws which could result in sizeable tax increases and spending cuts if left unchanged. An equally important fiscal cliff that has unfortunately not been getting as much publicity is the potential personal fiscal cliff that retirees without a pension plan or any other guaranteed lifetime...
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