Accumulation and Distribution, be sure you understand your options. Most people today face the daunting task of living off their retirement savings for the rest of their lives. Traditional pensions are in the minority these days, as more and more companies and institutions move away from them. One of the [...]
Don't be mislead by annuity gossip. Misunderstanding: If you die owning an annuity, the company keeps the money. Annuities are contracts and as such have a designated beneficiary. In the event of death, the amount of funds in an annuity are passed immediately and directly to the beneficiary without the need [...]
Americans’ top worries about crime are “having your personal, credit card or financial information stolen by computer hackers” and “being the victim of identity theft” according to a Gallup survey published in late 2017. In a world that is going increasingly digital, we must all adapt, and retirees are no exception. A few years back, [...]
Somewhere at the intersection of “I told you so” and “I wish I wasn’t right”, lies your worry and angst of losing your retirement funds in the Wall Street Casino – unless you had the wisdom and foresight to transfer at least some of your nest egg into the safety, stability and guaranteed growth of [...]
Seemingly insignificant charges in retirement plans can add up! So much fine print goes unread. Few people realize how significantly 401(k) account fees can impact their retirement savings efforts. AARP recently conducted a poll of 401(k) participants and the results were eye-opening: 71% incorrectly assumed that they paid no account fees at all, and [...]
Balance your investments to maintain stability Building a well balanced and diversified portfolio is a solid approach and plan for the conservative investor. There is an old saying about investing: "Bears make money, Bulls make money, but hogs get slaughtered." Choosing to invest with a balanced plan allows [...]
Modern annuities originally had a singular purpose: converting lump sums of money into income streams that would either last for a lifetime or some predetermined period. They were designed with retirees in mind, particularly those who needed a dependable income source to augment Social Security or other capital such as pensions or 401 (K) plans. [...]
To Take Profit or Not to Take Profit?: That is the Question. With all the volatility that we see in the market these days, it is incredibly stressful trying to decide what to do next if you have money in the market. Is this just a temporary correction in the market that I can wait [...]
5 reasons women should consider using annuities to create more prosperous, less stressful retirements If you’re a woman in or near retirement, let me ask you this: “How do plan to take what you’ve so diligently saved and turn it into a lifetime stream of dependable, predictable, tax-advantaged income?” If you’re like many of us, [...]
