Submitted by Jason Lina on Mon, 04/07/2014 - 12:00pm
As you examine financial risks to your retirement, there is a right away and a wrong way to look at Social Security. The wrong way: I need to get the money as soon as I can because I paid into the system and deserve it. The right way: I need to get the most over the long haul. Here’s how to receive the maximum from Social Security.
Submitted by Jason Lina on Fri, 04/04/2014 - 12:00pm
What are the risks you face in living a comfortable retirement? And what can you do to combat them? A single-premium annuity and wisely managed Social Security are two remedies. First, though, you need to scope out the risks that can bring you to grief.
Submitted by Rick Kahler on Fri, 03/21/2014 - 12:00pm
When I ask people what do they plan to do when retired, the answer often is: “See new places.” A good and affordable way to do that is becoming a part-time or full-time RVer.
In my experience, the No. 1 activity most people look forward to when they retire from earning an income is travel. Seeing the world has never been easier. True, air travel is rarely easy or pleasurable, and it can be expensive. With a little planning and work, though, travel can fit easily into many retirees’ budgets.
Submitted by Michael Kitces on Thu, 03/20/2014 - 12:00pm
Staying the course in a rollercoaster stock market challenges both you and your financial advisor – a challenge made even tougher when you take your retirement distributions. Here’s how a withdrawal policy statement (WPS) helps avoid panicked investing moves.
Submitted by Larry Frank Sr. on Mon, 03/17/2014 - 3:00pm
When you retire influences your income in the golden years. Or does it? Here’s an example.
The retirement 4% rule – which says that, if you withdraw roughly 4% of your savings annually for 30 years’ retirement, you stand a good chance of not outliving your money – sometimes works well and sometimes doesn’t, depending on how you time your retirement.
· For you to file for spousal benefits, your spouse must file for benefits first. The first filing spouse does not have to begin receiving money at once: He or she can postpone that after filing, allowing you to take spousal benefits.
Submitted by Jonathan DeYoe on Mon, 01/13/2014 - 12:00pm
Fewer employers offer traditional pensions anymore. Many that do are ditching their plans and giving employees lump sums. Here’s what to know about your options.
With traditional plans, called defined benefit, employees don’t contribute and companies put away the money for retirees to draw on. The retired employees’ salaries, length of employment and other factors determine retirement benefits. Companies continue to slash these in many ways.
Submitted by Jim Blankenship on Thu, 12/26/2013 - 3:00pm
It pays to know all formulas you use to calculate your ever-changed Social Security benefits. Here’s a look at one of them, which affects how much you get, a seemingly abstruse yet crucial concept called bend points.
Submitted by Larry Frank Sr. on Thu, 11/07/2013 - 12:00pm
You save and save and save for retirement, trying to tune out those escalating estimates of what you need to never run out of money. Conventional wisdom blathers that in retirement you spend only 75% of your current expenses, anyway. Think again, and here’s why.
Retirees often spend too much early in retirement and – the retiree’s nightmare – outlive their cash.