Retirement Planning

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Bad Notions in a Biz Sale

Submitted by Mark Tepper on Monday, November 24, 2014 - 3:00pm

Ironically, the same traits that drove you and your business to success can also lead to missteps when time comes for you to sell the biz. The biggest culprit may well be your own eternal optimism. While a positive outlook on your business’s valuation spurred growth, viewing details of your sale through that lens can devastate your exit deal.

How to Make a Good Plan

Submitted by Joseph A. Clark on Friday, November 14, 2014 - 12:00pm

What’s the primary reason to invest in stocks and bond? To build assets for your retirement. For some, that may be a long way away, so they focus on more short-term needs. That’s a mistake. You need a plan.

Two-thirds of Americans have no financial plan, a Northwestern Mutual survey shows. And of those who do have one, it too often is flimsy.

The Gift of a Heartfelt Letter

Submitted by Lewis J. Walker on Friday, November 14, 2014 - 3:00pm

Do you remember how you felt the last time you received a beautifully written letter from a loved one, dear friend or even a person with whom you had a falling out? In a world of social networking, micro-blogging and 140-character tweets, letter writing is a fast-fading art. But writing a meaningful letter should not fade away.

Maximizing Social Security

Submitted by Lewis J. Walker on Wednesday, November 12, 2014 - 3:00pm

Failure to understand Social Security can be costly. Here’s how to get the most out of your benefits. While the subject is complex and laden with acronyms, you need to understand it.

How much financial security can a person or couple derive from Social Security income? For many it is the bulk of retirement income. Per the Social Security Administration, 52% of married couples and 74% of unmarried persons receive half or more of their income from Social Security.

CalPERS’ Bad Hedge Timing

Submitted by Larry Elkin on Wednesday, November 19, 2014 - 9:00am

The hallmark of the undisciplined investor is a tendency to buy high and sell low – in other words, to follow the market herd. That’s what California’s public pension plan, the nation’s largest, and others like it did: CalPERS got into hedge funds when they were popular, and now that they’re not, it is bailing.

Converting to a Roth IRA

Submitted by Jeff Rose on Monday, November 10, 2014 - 3:00pm

Turning your individual retirement account into a Roth IRA is not a totally black-and-white decision. Understand the rules first, especially relevant tax laws.

Traditional IRAs are largely based on income tax deferral, which means you get a tax break on your contributions in the current year. In retirement, your withdrawals incur income tax.

Avoiding Retirement Regrets

Submitted by Josh Patrick on Friday, November 7, 2014 - 12:00pm

Retirement is one of the biggest changes you ever make. Too often I see people regret retiring. They did not think through some of the problems that are likely to happen. You don’t want to be part of that group. Instead, think about retirement in a way that helps you decide whether you are ready for the big day.

Retired? Spend More (Pt. 2)

Submitted by Larry Frank Sr. on Wednesday, November 5, 2014 - 3:00pm

How can you get comfortable with uncertainty about retirement income? Establish a prudent figure for the coming 12 months, pre-set your possible decisions for market dips and update your plan annually. Your plan may even contradict what you thought you knew about spending in the golden years.