How to Create a Pension (With a Few Catches) |
April 16, 2012 |
Income For Life, Retirement Planning, Your Retirement
As employment benefit pension plans continue to decline at fast pace, many Americans are turning to “longevity insurance” to restore some financial security to what are supposed to be their golden years. An article recently posted by Anne Tergesen gives some valuable insight into these private pension plans. Unlike an immediate annuity which starts issuing payments almost instantaneously, a longevity policy involves an upfront payment with a start date selected by the policyholder at some point in the future. For an example of the differences,...
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How to Avoid ‘Money Death’ |
April 2, 2012 |
Income For Life, Retirement Planning, Your Retirement
The fact that life expectancy for American’s is increasing has led many to have an elevated concern for being at risk to outlive their savings. A recent article by Sharon Epperson highlights this increased concern of running out of money in retirement which is referred to as “money death”. The article points out that in order to address this increasing retirement duration, conventional strategies such as putting more money into bonds and less into stocks as individuals grow older is not a complete fix. According...
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