Your Retirement Archives - Page 6 of 12 - Annuity 123 : Annuity 123

The Financial Rule of 100 Applied to the Golden Years

The Financial Rule of 100 Applied to the Golden Years | August 20, 2012 | Income For Life, Jeremy Smith, Member Posts, Retirement Planning, Your Retirement

Written By: Jeremy Smith | Amerishield If you subtract your age from 100 the difference is the suggested maximum percentage of investment savings you should permit to be at risk. Note the word maximum, not the minimum, permitted to be at risk. Risky investments are not for everyone. It could be dangerous for everyone who violates the financial rule of 100. At age 55 (100 – 55 = 45) this suggests that you permit no more than 45 percent of your investment assets to be...

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Tips for Increasing Your Social Security Income

Tips for Increasing Your Social Security Income | August 15, 2012 | Income For Life, Retirement Planning, Your Retirement

Given the 76th birthday of Social Security this week, Emily Brandon was nice enough to post an informative article highlighting tips for increasing your social security payments. Although you may believe that the impacts to these factors may be hardly noticeable when looking at a monthly impact, the overall impact realized over multiple years can be surprisingly large. Below are the tips that she revealed in her article called How to Increase Your Social Security checks: • Work for at least 35 years: benefits are...

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Survey Results: 72% of Non-Retired Baby Boomers Believe They Will Have to Delay Their Retirement

Survey Results: 72% of Non-Retired Baby Boomers Believe They Will Have to Delay Their Retirement | August 13, 2012 | Retirement Planning, Your Retirement

A recent AARP survey has revealed that almost three in four non-retired baby boomers believe that they will have to delay their retirement. Their survey of 1,852 registered voters found that non-retired 50-64 year olds (baby boomers) were very concerned about their financial health. The findings revealed that 72% believed that they would have to delay their retirement. Even more concerning, the survey showed that 50% of the non-retired baby boomers have little confidence that they will ever be able to retire. Given the anxiety...

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You Don’t ‘Buy’ Annuities

You Don’t ‘Buy’ Annuities | August 2, 2012 | Annuity Basics, Member Posts, Robert Zimmerman, Your Retirement

Written By: Robert Zimmerman | H&R Advisory Service, LLC Most people are lead to believe that annuities are a purchase –same as buying a candy bar. Or an automobile! The problem is that you can immediately use your sense of touch to evaluate such a purchase. You cannot do this with a bunch of words on a piece of paper. Give up the notion of buying an annuity, and think of it in the same way as you think of having money in a checking...

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Survey Results: Almost 9 out of 10 Have Little to No Awareness of Retirement Products from Insurers

Survey Results: Almost 9 out of 10 Have Little to No Awareness of Retirement Products from Insurers | August 1, 2012 | Retirement Planning, Your Retirement

According to a recent survey, nearly 9 out of 10 consumers worldwide are not informed about retirement products offered by insurance companies. This survey was conducted by Accenture from a survey of more than 8,000 consumers across 15 different countries. They found that 62% of consumers have little awareness of the retirement products offered by life insurers and 24% had no awareness. These staggering rates compare to just 14% who say they have a good awareness of retirement products offered by insurance companies. This lack...

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7 Ways to Retire with $1 Million

7 Ways to Retire with $1 Million | July 31, 2012 | Retirement Planning, Your Retirement

Having a nest egg of $1 million at retirement is unfortunately not as common as it should be in America. Although consistently saving starting at a young age, investing prudently, and avoiding early withdrawals significantly increases the odds of achieving retirement goals, many individuals still make many poor financial decisions which often take a large toll on savings over the years. Fortunately, Emily Brandon posted a great article which highlights 7 strategies to embrace for ensuring an optimal accumulation of assets for a comfortable retirement....

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Survey Results: Annuities Play Integral Role in Defined Contribution Plan Assets

Survey Results: Annuities Play Integral Role in Defined Contribution Plan Assets | July 30, 2012 | Retirement Planning, Your Retirement

According to a recent survey, individual and group annuities accounted for 46% of the assets in defined contribution plans. This research was conducted by Conning Research & Consulting from a study called “The Big Payout: Growing Individual Retirement Income Opportunities”. Given that annuities allow defined contribution account owners to convert a portion of their assets to ensure guaranteed lifetime income, it is no surprise that they are a popular choice. Before making a decision on how to best utilize your defined contribution plan for ensuring...

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Survey Results: 33% Percent of Baby Boomers Are Not Adequately Prepared for Retirement

Survey Results: 33% Percent of Baby Boomers Are Not Adequately Prepared for Retirement | July 26, 2012 | Retirement Planning, Your Retirement

According to a recent survey, 33% of pre-retirees hold doubts about whether they can support themselves in their retirement. After polling 1,095 individuals between the ages of 55 and 65 in June, Ipsos U.S. eNation Online found was that one out of three of these pre-retirees are unsure as to whether they will have enough money to cover basic living expenses in retirement. Although this is troubling, this group seems to display a lack of urgency in planning for retirement given that 43% will not...

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How to Save Your Way to $1 Million

How to Save Your Way to $1 Million | July 25, 2012 | Retirement Planning, Your Retirement

Have you ever heard of burst saving? If not, you’ll surely be interested to see its effectiveness in building a sizeable nest egg even if not initiated until your later years. In fact, a study by the research firm Hearts & Wallets found that 64% of burst savers were able to build their savings to at least 10 times their annual income. The overall premise of burst saving is to save at least 15% of your annual income for a period of ten years or...

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Baby Boomers: Beware of Con Artists

Baby Boomers: Beware of Con Artists | July 24, 2012 | Retirement Planning, Your Retirement

In a perfect world, every individual would always be looking out the other’s best interest in every daily interaction. We unfortunately do not have this luxury these days so it is necessary to be cautious before giving full trust to individuals in a variety of interactions… especially interactions which involve your money. State securities regulators are reporting a surge of investment fraud according to the North American Administrators Association (NASAA), which is an association of state securities agencies responsible for investor protection. This group is...

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