Welcome to Your Retirement Income Education
Welcome
This site covers every conceivable financial aspect of retirement planning and then living comfortably in retirement. We keep things up-to-date by continually adding posts to our Retirement Blog.
If you don't see what you're looking for, please use the Google custom search bar above.
Not What You Think
You will find that issues in retirement are not always intuitive. There are many ill-conceived fallacies.
For example, most people think that if you have few assets coming into retirement, you should keep all of the money as safe as possible in bank accounts. The correct advice is just the opposite. Only if you are rich (say have $5 million dollars) can you afford to have money in the bank at 1% and live on the $50,000 interest. If you have modest assets, you MUST invest more aggressively to give yourself a fighting chance. To invest at 1% will likely be a certainty of running out of money with no fighting chance.
Another fallacy, is to not have any stocks or equity mutual funds when you enter retirement. The data tells us just the opposite as you will see when you read the Trinity Study.
Use the navigation at the left to read up on the issues that interest you. If you have a specific question for which you don't find the answer using the search bar, then just use the comment box below and ask!
I've browsed the site. And I can say that this site surely provide necessary information for a person to get started with investing on retirement plans. Thanks for summing the info up.
You should check out this book called: The Great WAll Street Retirement Scam by Rick Bueter. It will help you understand why Insurance companies are the best place to safe keep and grow your money.
You have 700k,15 more years to work and not touch that money. Where do you put or how do you divide the amount for retirement. Annuities? Universal Life? Dividend Reinvestment? Combo of all? Please advise. Can't allow to loose principle if possible.
Working as a teacher for the 35 years of my profession brought pain, disappointed at the end of my career, as I drove to Austin to check on the status of my retirement. Never receiving a bill indicating when, where or how I should repay $103, 551.67 for the two options I was given in order to get my retirement. After all, I believed after receiving the bill that I could get the money from monetary sources. A bank meeting of three sessions with a board member assured that I would be considered until Chrysler asked for a bailout. That's what I was asking for, however, Chrysler was taken care of in the dilemma and I was sent on my way without, \the bank does not want to get in trouble with the government.\ My question is this: Should I have received a bill over the 23 years that this account was compounded with 6% interest, whereby,only thirty-six thousand dollars was paid out? Shocked, disbelief, confusion, so many layers of frustration rocked my world. Is there anyone who can help me sort this out?
I have been to all the retirment calculation sites in the world, Vanguard, Fidelity, TR Price, etc. and each is sufficently good to handle ONE person's situation, but not one of the ones I've been to handles TWO people at once, in the same algorithm.
All of the above houses' replies ONLY provides estimates on what ONE person is making, estimated increases, estimated retirement dates, how much is already saved, current expenses, etc, but no one has a combined model. Yes, I have tried to do TWO separate calculations, bu this is unwieldy, and ignores basic ecomomies of scale such as only one housing cost, etc. Also, my wife and I are 8 1/2 years different in age, so that is a factor.
Do you know of any websites or algorithms that handle two people (a married couple) together?
If you have worked for a company 25 yrs and have not participated in a retirement program, such as the 401K program, would that affect your monthly retirement income?
??? Obviously, if you have not saved in the 401k, there will be nothing for you in that acciount to produce income. I think your questions is incomplete and uinclear.