Retirement Planning Consultants for Seniors – What You Should Know
If you’re retired, you want a retirement planning consultant who is skilled and knowledgeable in the financial issues of retirees. Many retirement planning consultants won’t do because most financial advisors are trained to help investors accumulate assets. But if you are retired, then your interest is motivated to preserve and distribute financial assets. Here are five things that can go wrong if [...]
Categories: retirement consultants Tags: certified retirement planner, retirement planning consultants
How to Retire Early – Four Things You Must Know
You must have sufficient capital, mathematically determined before you can pursue early retirement. If you don’t have the knowledge to make use of a financial calculator or financial software and factor in the impact of inflation, your current expenses, changes in future income, a safe withdrawal rate from your portfolio and use Monte Carlo simulation or other tool to estimate [...]
Categories: Early Retirement Tags: retire early, retirement planner, tax planning
Annuities Explained
Annuities are term deposits with insurance companies. They are similar to certificates of deposits at the bank (note: bank deposits are FDIC insured while the issuing insurance company guarantees annuities). There are two types of annuities: fixed and variable. Fixed Annuities Explained Fixed annuities have these general features: • Your principal is guaranteed by the claims-paying ability of the insurance [...]
Categories: annuities explained Tags: annuities explained, annuity calculator, supplemental retirement income
Pre-Retirement Planning: What Seniors Need to Know
There are three big areas on which to focus your attention in your pre-retirement years. Sufficient Retirement Capital You likely need more than you think to provide sufficient retirement income. There are lots of “rules of thumb” you may hear like “you need 70% of your pre-retirement income. Don’t rely on these simplistic rules. If you want to do it [...]
Categories: retirement planning Tags: pre-retirement planning, retirement income, retirement investing
Retirement Strategies for Secure Income in Retirement
This is not an article to tell you what investments to make. Rather, it explains retirement strategies on how to invest. Here are the concepts often mistaken: Don’t put all of your assets into fixed income investments. Of all retirement strategies, this one is often violated due to bad advice from untrained financial “advisors.” In fact, data shows that at [...]
Categories: retirement income, retirement strategy Tags: retirement strategies, supplemental retirement income
New IRA Rules Affect Retirees
Under the Pension Protection Act of 2006, there are some new items beneficial to IRA owners that the average IRA owner will miss: First, if you leave your employer and you had a tax sheltered annuity (typically the type of plan at school districts and governments), you can roll both the pre-tax and after-tax amounts to an IRA. That way, [...]
How to Evaluate Retirement Advisory Services
There are many providers of retirement advisory help for retirees. You first need to know what help you desire. For example, if you are a “do-it-yourselfer”, you may want to meet with a certified retirement planner once annually to review your financial circumstances just to get a professional’s input. On the other hand, if you can’t stand thinking about your [...]
Categories: retirement advisory services Tags: certified retirement planner, trust planning
