Retirement Help for Those about to Retire
This article is retirement help on how you can recover the $150,000 loss in your 401k in the next 6 months (for tactics to employ now, see my post at ). This article is about understanding how and why that $150,000 evaporated and why you will not get it back in the next 6 months or likely the next 6 [...]
Categories: ira help Tags: 401k, ira savings, retirement help
More Choices in Financial Asset Management
After the dot-com bust, the 10 largest securities firms paid a $1.4 billion fine to the SEC for inappropriately recommending stocks to investors. But the public still had faith and the big firms seemed to be little harmed as to their reputation. In 2008, we have some of those same big financial asset management firms going under or being merged: Bear [...]
How to Maximize Retirement Savings
Let’s first state three fundamental principles and then add the details. 1. Start retirement with sufficient retirement savings 2. Protect your retirement savings from erosion due to taxes and inflation 3. Never lose money Start with your desired retirement income and expenses. Then, you can use a retirement income calculator to determine how much retirement savings you will need. [...]
Categories: retirement income, retirement savings Tags: retirement income, retirement savings
IRA Loss – How to Recover
It’s a little crazy but investors with IRA savings want to know “what do I do now that my IRA account has dropped by 40%?” Would the best time to have asked that question have been before you invested the money? To ask what to do now is like asking how to catch the train after it left the station. So rather [...]
Categories: IRAs Tags: Add new tag, ira account, ira loss, ira savings
Is Your Long Term Care Premium Too High?
Paying for long term care (LTC) poses a serious dilemma for seniors according to a recent study by Boston College’s Center for Retirement Research. Who needs LTC, what’s the cost, who’s supposed to pay for it, and who can afford a long term care premium are all issues addressed in the study. Let’s see some of the findings and what [...]
Categories: long term care Tags: long term care, long term care premium, ltc, senior
Retirement Financial Planning – Step by Step
Financial planning prior to retirement is focused on asset accumulation, tax minimization and maintaining a budget that allows for maximum savings. Retirement financial planning however is focused on these different objectives: maintain an adequate income without salary or wages, maximizing pension and social security, having adequate health and long term care protection and minimizing financial risk. You can’t know for [...]
Categories: retirement planning Tags: nest egg, retirement financial planning
How to Choose a Retirement Plan Provider
The largest retirement plan providers n the US are Fidelity, Vanguard and Schwab. These companies offerings are quite similar in that that all provide competitive investment performance, reasonable fees (Vanguard being the least expensive) and high quality products — which can all have a major impact on the amount of money you’re able to build during your working years. Features [...]
Categories: retirement plan provider, retirement plans Tags: retirement plan provider
Retirement Plan Services
Typically, when you see the phrase ”retirement plan services,”, these are services developed for companies in helping their employees save for retirement. These services may include several as follows. Retirement Plan Design Management of many companies don’t know if it’s better to have a 401k, a profit sharing, a defined contributions plan and how to design the plan. Management may [...]
Categories: retirement consultants, retirement plans Tags: retirement plan providers, retirement plan services
Trusts and Estate Planning
Trusts play a big part in estate planning. What you don’t know about them can hurt you and your beneficiaries’ financial health and possibly your own. A trust is a legal entity – just like a corporation or a person. It holds assets for a beneficiary. The beneficiary could be you or another person. A trust document states the [...]
Categories: estate planning, trusts Tags: estate planning, irrevocable, revocable, trusts
Right Retirement Advisor Helps Optimize Retirement and Estate Planning
You may be able to achieve more of what you want for retirement than you think. The right retirement advisor, often can help you see implications of your actions, decisions, and wishes and how they impact your retirement and estate planning. But your advisor cannot help you unless he knows what wishes are ultimately on your mind. Retirement planning–in the most [...]
