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How to Select the Right Annuity Plan for You

How to Select the Right Annuity Plan for You

An annuity plan is a great way to generate long-term income and save for retirement without the worry of market volatility. Annuities are mainly used to provide steady income during retirement. When you annuitize, you invest a certain amount with the company and then accept a payout stream that can begin immediately, or even when […]
5 Simple Ways to Save Money After Retirement

5 Simple Ways to Save Money After Retirement

If you are already retired and living off your savings, you are probably well aware just how important managing your finances can be. If you are consistently withdrawing more money than you planned to, your nest egg may not last as long as you anticipated. And if your post-retirement investment returns don’t produce the amount […]
Improving Your Financial Health

Improving Your Financial Health – Part 3

In our final section, we will examine two more misconceptions that often hinder people from properly preparing for retirement: 1) Believing that the world is the same today as it has always been, and 2) Ignoring the very real probability that at least one spouse may require long-term care. #4 Misconception: I can be comfortable in […]
Improving Your Financial Health

Improving Your Financial Health – Part 2

In our 2nd part, we will cover two more misconceptions: 1) Life Expectancy Averages Matter, and 2) Taxes Won’t Have a Major Effect on My Retirement. #2 Misconception: Life Expectancy Averages Matter When it comes to retirement income planning, life expectancy figures can be severely misleading. Many people will outlive their own life expectancies. Therefore, […]
How Should Your Definition of Appropriate Risk Change in Retirement?

How Should Your Definition of Appropriate Risk Change in Retirement?

During your peak earning years, you may have determined that a “conservative,” “moderate,” or “aggressive” investment strategy was ideal for you, subsequently building a portfolio around that strategy. Your target may have been funds with the highest potential for growth or reward, hoping that past performance would be indicative of future results (but knowing that is not always the case). There’s nothing wrong with having that sort of […]
The Retirement Reality Check

The Retirement Reality Check

Most, if not all of us, know that someday we will retire. We know we need to plan to save a substantial enough amount of money to allow us to live comfortably without the regular income that a career brings, but often our planning ends there. We do not take the time to think through […]
Seven Aspects of Your Financial Life to Review on a Yearly Basis

Seven Aspects of Your Financial Life to Review on a Yearly Basis

Planning for retirement requires a substantial amount of long-term planning. For many people, that means thinking about their financial future in concentrated doses. We might take a hard look at our finances when we make significant decisions such as buying a home, purchasing insurance or paying our taxes, but most of the time we are […]