Retirement Planning

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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.

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.

Target Funds: Too Simple?

Submitted by Jason Lina on Friday, July 10, 2015 - 3:00pm

My toddler son spends long stretches every day hitting a foam golf ball around the yard; occasionally we visit a local pitch-putt course where he brings just his putter and his driver clubs. This simplistic approach to the game has drawbacks, of course, and in that way parallels a popular investment vehicle: the target date mutual fund.

5 To-Dos Before Retiring

Submitted by Derec Mieden on Wednesday, July 1, 2015 - 3:00pm

After decades of hard work and saving, you finally enter your golden years. If you’re gearing up to retire this year, here are five tasks to keep in mind, from spending cash to spending time.