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The Three Stages of Retirement

The Three Stages of Retirement

A successful retirement doesn’t happen overnight; it’s part of a long process that starts many years before you draw your final paycheck. If you have the wisdom, discipline and foresight, retirement planning should start the day you enter the workforce. Admittedly, few people take this path. But if you get in the habit of making […]

The Most Important Retirement Chart You'll Ever See

The Most Important Retirement Chart You’ll Ever See

Want to save tens or even hundreds of thousands of dollars? Try this simple tip. You probably know that you should be saving for retirement. But when it’s so far away, and you have more immediate concerns to worry about, it’s hard to give up a sizable chunk of your earnings for a benefit you […]

What Your Long Term Care Insurance Won't Cover and How to Prepare for It

What Your Long Term Care Insurance Won’t Cover and How to Prepare for It

No one wants to become a financial burden on their families as they age so it’s important to take your long term care insurance into consideration. In fact, every one of my clients who’ve made the decision to purchase long term care insurance cited this concern as a driving factor in their choice. They felt […]

How to Use a Supplemental Executive Retirement Plan

How to Use a Supplemental Executive Retirement Plan

We can help you decipher the pros and cons of a SERP before setting up an account. Some employers provide a supplemental executive retirement plan to select employees. A SERP may be used by companies to help attract and retain key officials, such as high-level executives and CEOs. This type of account can be an […]

Factors to Consider Before Taking a Pension Buyout

Factors to Consider Before Taking a Pension Buyout

A pension buyout presents a challenging calculation that involves several unknown variables. General Electric is the latest company to offer a pension buyout to former employees as it tries to shore up its pension plans, which were $27 billion underfunded as of year-end 2018. The company is offering lump-sum payments to 100,000 former employees, in […]

Income Annuities Take Risk Out of Retirement

Income Annuities Take Risk Out of Retirement

When used properly, income annuities provide invaluable security, so why aren’t more people going for them? A new Brookings Institution study has some insights, and some strong recommendations for consumers. Few adults would go without auto, home, life or health insurance. But the kind of insurance that protects against the risk of running out of […]

Six-Step Plan to Your Retirement Income Questions

Six-Step Plan to Your Retirement Income Questions

Many retirees don’t set up a retirement income plan, and that oversight often comes back to hurt them. Fortunately, you can get a good handle on this by answering two questions and taking six steps. Discussed here is a very simple approach to retirement income for a simple retirement roadmap for allocating retirement savings for […]

Is Working in Retirement Worth It?

Is Working in Retirement Worth It?

Nearly 19%, or 9 million, Americans ages 65 and over are working part-time or full-time, according to a recent Pew Research Center analysis. This is consistent with a steady increase dating back to 2000. Whether you need additional income or not, you might be thinking about working in retirement too. But there are a few things […]

3 New Retirement Rules That May Change Retirement As We Know It

3 New Retirement Rules That May Change Retirement As We Know It

A successful retirement plan is one that must be not only created and written but also revisited annually to account for changes we can and cannot control. There are three pending proposals being considered in Congress that may change the landscape of retirement savings and distributions. The goals are to increase the flexibility of retirement […]

The Most Reliable Ways to Generate Retirement Income

The Most Reliable Ways to Generate Retirement Income

With over 10,000 Americans turning 65 every day, the question of how to pay bills during retirement is on the minds of many. I have almost daily conversations with individuals planning for their next stage of life and surprisingly, while each situation is unique, the choices all dovetail into the same five ways that cash […]