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 15, 2013 |
Carl Ostenson, Income For Life, Member Posts, Retirement Planning
If you are fed up trying to figure out how much money you will be able to retire on, just sit down right now and read this critical material. Are these situations familiar to you? You keep your money in mutual funds, but you are really worried about losing money again You are faced with the issue of needing income to supplement your Social Security after you retire Are you grappling with having so many different decisions to make? MORNINGSTAR has recently completed a comprehensive...
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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 18, 2013 |
Carl Ostenson, Income Riders, Index Annuities, Member Posts
Are you thinking about rolling some of your IRA or 401k into an Indexed Annuity with an Income Rider? Billions of dollars are going into these plans because they are a safe and flexible way to build your own personal pension to help supplement your Social Security in retirement. However, there are a few sticking points that need to be addressed. 1. Roll up rates are not really your money You may see advertisements saying “Earn 7% for future income” or “Earn 7% guaranteed” or...
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