Retirement Planning

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Retiring Boomers: Change

Submitted by Wes Moss on Friday, July 31, 2015 - 3:00pm

Are you one of the largest generation in American history? Comfortable with how much you have saved for retirement? Comfort is one thing, reality another, and boomers may be running of time to work on the financial quality of post-work life.

Can Income Hurt Benefits?

Submitted by Jim Blankenship on Thursday, July 30, 2015 - 12:00pm

You may count on Social Security as a mainstay of income in your looming retirement. When you take benefits and how much you keep working can shrink that monthly check, though. Here’s what to know.

Annuity? Depends on Needs

Submitted by Eve Kaplan on Wednesday, July 29, 2015 - 12:00pm

With an annuity, you invest a lump sum of cash to produce a monthly stream of income for a fixed period or for life. Whether annuities are good, bad or ugly rides on the type you choose and what you want it to do. Here’s what to know.

Social Security Ignorance

Submitted by Rick Kahler on Friday, July 31, 2015 - 9:00am

Even though Social Security is a backbone of retirement, public ignorance about it is widespread. That doesn’t bode well for people’s retirement planning, especially because the program faces a funding shortfall within the next two decades.

Retirement Fear: Inflation

Submitted by Joseph A. Clark on Tuesday, July 28, 2015 - 3:00pm

When you were a kid, did you fear monsters hiding in your closet or under your bed? You’re no kid anymore and new fears haunt you – such as running out of money in retirement after a lifetime of watching prices go up. You can still plan now to enjoy enough to spend as well as how to spend it.

An Annuity’s Drawbacks

Submitted by Wayne A. Lippert Jr. and Eric Ross on Tuesday, July 21, 2015 - 3:00pm

If you’re approaching or already in retirement and your fear of outliving your savings steadily grows, consider this: You pay a premium to an insurance company and in return a lifetime income kicks in when you turn a certain age. But the aging buyer should beware: These products often work in only limited circumstances and often just prey on your fears.

Benefits’ Filing: Key Options

Submitted by Jim Blankenship on Friday, July 17, 2015 - 12:00pm

When you file for Social Security, two provisions – file and suspend and restricted application filing – are likely to confuse you the most. They’re complicated yet potentially a big help if you want to maximize benefits. Here’s how to get the most out of your benefits.

Boomer Retirement Advice

Submitted by Eve Kaplan on Thursday, July 16, 2015 - 12:00pm

Ever see the 1970 classic movie Five Easy Pieces? If you were born between 1946 and 1964, this iconic piece of your pop entertainment past offers several metaphoric financial benefits worth your initial effort.

If you’re a boomer, you enjoy good news in that you’ll probably live longer and perhaps better that your parents and grandparents did. The bad news: You’ll live a longer and perhaps more expensive life, too.

You face decisions your parents or grandparents likely didn’t face before you.

Grads’ Key Money Questions

Submitted by Joseph A. Clark on Monday, July 13, 2015 - 3:00pm

Congratulations, recent graduate: You just landed your first job and entered the real world. Now come tough questions about your financial well-being. Your decisions when starting out – from how to save to what to spend – influence your life far into the future.