Is the Federal Government Eyeing Your 401K? |
March 11, 2013 |
Cathy DeWitt Dunn, Member Posts, Retirement Planning
Written By: Cathy DeWitt Dunn | President of Annuity Watch USA The question as to whether or not the United States Federal Government is looking into taking over private 401K assets has been asked many a time over the last few years. In 2009, The Wall Street Journal ran an op-ed titled “How to Fix 401(k)s“. In this article, it mentions a “radical structural change” for the 401K system. Not everyone thinks 401(k)s can — or should — be saved. “It’s time for a radical...
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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 |
March 4, 2013 |
401k and IRA Blogs, Greg Marchand, Member Posts
Written by: Greg Marchand | Marchand Financial Services, Inc Don’t get me wrong. The 401(k), or any salary deferral vehicle, can be a great way to store and accumulate resources for your retirement. Many people unfortunately see their 401(k) as their only needed retirement vehicle, and I believe such limited planning will leave many retirees vulnerable to outliving their assets, and I think that may be leaving them very vulnerable. Pensions provide income when we are done working. It is by far the most important...
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Carl Ostenson |
March 4, 2013 |
Fixed Annuities, Member Posts
Written by Leonard Ohanian L.U.T.C.F In today’s world, one of the most important things to know and understand is why. The following are the top 10 reasons why it is important for many retirees and pre retirees to purchase fixed annuities 1-Tax Deferred Growth: The interest earned is not taxed until it is touched. Your funds grow Tax deferred 2- Safety: Fixed Annuities are free from the risk of loss and the volatility of the stock market. They can be a guaranteed and safe investment...
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Carl Ostenson |
February 25, 2013 |
Cathy DeWitt Dunn, Life Insurance, Member Posts
Written By: Cathy DeWitt Dunn | President of Annuity Watch USA A tired old cliché says the two things you can’t avoid in life are death and taxes. It may be uninspired and a little depressing but, unfortunately, it’s mostly true. Americans are taxed for just about everything. And, if you have been fortunate enough to accumulate some wealth over your lifetime, you are even taxed for dying…the ultimate double whammy of the seemingly unavoidable. Luckily, exposure to the “death tax” doesn’t have to be...
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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 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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