The truth hurts sometimes, and so what follows may sting some of you a little. However, I owe you the truth. Always. (though you may not be hearing it from your financial advisor) If you are 58 or older, or nearing retirement at any age, and you need that retirement nest-egg to provide for your [...]
My head is healing up nicely now. It gets better when I stop beating it against the wall in my office. My business partners have grown to recognize the thumping, pounding sound. It’s just an occupational hazard that comes with being in the retirement income planning business. I sell annuities. “Did you know that running [...]
Many pension programs both in the private and public sector offer a “Spousal Survivor Benefit.” If the primary pensioner dies first—the spouse gets a percentage, usually not all, of the regular monthly pension received before death. If selected, this nice benefit comes at a not-so-nice cost. The provider of the monthly pension is now going [...]
One day Little Red Riding Hood was walking across town to her Grandma’s house. She was carrying her favorite basket which she always used when bringing things to Grandma’s, except today in the basket she would be carrying something very, very valuable and important—in the basket would be Grandma’s life savings. Grandma was retiring after [...]
Longevity Risk, Investment Risk Withdrawal Options, IRS Life-Span, Assumed Growth, Payment Adjustments Control of Assets, Beneficiaries T.S.P Modernization Act of 2017 When you retire, there are some decisions to consider that will impact the financial quality of your future years. For Federal and USPS employees, nothing is more critical than managing your TSP funds properly. [...]
Simplifying Retirement Income Planning (and eliminating: "so what’s the catch?” ) Planning for one’s retirement is not nearly as complicated and confusing as you have been led to believe. You just need to understand how to overcome the “catch,” as in, “so what’s the catch?” Yes, we’ve all been told, if not instructed, that planning for [...]
At a recent Social Security workshop, I presented I was asked the question on every baby-boomer’s mind these days, “What should I do with my retirement funds with all this volatility in the stock market?” The answer is not simple, but is not as complex as many would have you believe. The question “assumes” a [...]
