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
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
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?
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
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
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 […]
3 Retirement Plans for Freelancers and Small Businesses
About 31% of American adults work in the gig economy, either full time or as a side hustle. For those relying entirely on gig income, not having an employer-sponsored retirement plan becomes a “license for the neglect of saving for the future,” says Tim Maurer, a financial advisor at Buckingham Strategic Wealth and Forbes contributor. […]
How to Create a Personal Retirement Plan
Look past cookie-cutter approaches when saving for retirement to build a nest egg that’s right for you. Your retirement plan needs to be aligned with what you need and want. “As a whole, retirement plans can never be one size fits all, because everybody is very different,” says Ephie Coumanakos, co-founder and managing partner at […]
How to Avoid Going Broke in Retirement
It’s entirely possible that you could live for 25 to 30 years after you retire. Planning to be financially secure for the rest of a potentially long life requires making a series of complex decisions, each with high stakes. And you often won’t have a “do-over.” If you can avoid making these seven common retirement […]
5 Retirement Tips for 2019 and Beyond
Retirement should be a wonderful time in your life, but far too many people struggle to save for it. The good news is, there are simple retirement tips you can take to help get prepared for your golden years. In fact, if you just follow these retirement tips in 2019 and beyond, you’ll set yourself […]
