Does Your Annuity Lose Money from Inflation? |
March 18, 2013 |
Income For Life, Member Posts, Retirement Planning
Written by Leonard Ohanian L.U.T.C.F All you baby-boomers or soon-to-be retirees depending upon a supplemental income to their Social Security retirement benefits are searching for financial ways to enhance their long and rewarding life. Many consider annuities as an option for this purpose. A terrific idea….but, did you know that the annuity you buy as a way to supplement your retirement income may be losing money due to inflation? As you know, annuities are insurance agreements issued by a company who promises a fixed dollar...
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Retirement Benefit Checklist |
March 13, 2013 |
Member Posts, Retirement Planning, Your Retirement
Written By: Marvin Hurwitz | Retirement Benefits Specialist in Baltimore, MD If you are retired or planning for retirement, you should consider some basic benefit plans to make sure you enjoy your retirement years and fulfill your retirement dreams. While building a nice nest egg during your working years is vital, it’s also important that you prepare for the both the certainties and the “what ifs” in your life when your employment income ceases. You may be able to count on your Social Security payments,...
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Does your bank offer a ‘benefit’ account? |
March 12, 2013 |
Income For Life, Member Posts, Retirement Planning, Robert Zimmerman
Written By: Robert Zimmerman | H&R Advisory Service, LLC Regularly, we receive an offer of $100 or $150 in the mail by a bank as an incentive for us to open a ‘high yield’ savings account. The high yield could amount to an interest rate of around 1%. The offer does not mention that they will also send along a 1099 form every year at tax time. This informs the IRS of how much interest you received, so that they can participate. More and more,...
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Is the 4% Rule Dead? |
March 12, 2013 |
Income For Life, Member Posts, Retirement Planning
Written By: Mark MacDonald | Sage Financial Partners Listen carefully. Do you hear it? The doleful sound in the distance is a bugler playing taps. He’s mourning the demise of the 4% Rule. May it rest in peace. For decades, the 4% Rule was the benchmark adopted by financial planners to determine how to take retirement fund distributions in a way that would: a) Maximize your retirement income b) Protect you from running out of money for at least 30 years The 4% Rule was...
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A Taxing Choice: How to Save for Retirement |
March 12, 2013 |
Member Posts, Retirement Planning, Your Retirement
By Joseph Carter Gray, CLU® | Pacific Insurance Group, Inc It’s been said the only certainties in life are death and taxes, to which Will Rogers famously quipped that, “death doesn’t get worse every time Congress meets.” Life is full of surprises but your retirement should not be one of them. Do you think that taxes will be higher or lower in the future? Tax diversification can help counter the ever-changing tax environment and provide flexibility in retirement. Tax diversification refers to placing your money...
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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 |
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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