Archive for December, 2008

Access Cash Value of Senior Life Insurance

How Retirees can convert a life insurance policy into cash or an income stream

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Posted by bobrichards - December 31, 2008 at 10:14 am

Categories: life insurance   Tags: , ,

Municipal Bond Swaps Reduce Your Taxes

How seniors who own municipal bonds can reduce taxes further with municipal bond swaps

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Posted by bobrichards - December 30, 2008 at 11:51 am

Categories: municipal bonds   Tags: ,

Early Retirement Impacts your Social Security Benefits

Early Retirement Impacts your Social Security Benefits

Thinking about early retirement before you start collecting Social Security Benefits? Doing so won’t reduce the benefit that you accrued before you stopped working—but it could produce a smaller benefit than your estimated benefits statement suggests. You should receive an estimated-benefits statement from the Social Security Administration each year. The benefits it projects assume that you continue working to the retirement [...]

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Posted by bobrichards - December 29, 2008 at 2:52 pm

Categories: Early Retirement, social security benefits   Tags: , ,

Bond Investing with I-Bonds

If you’re using I-Bonds to protect yourself from inflation, you know it can get tricky. Series I-Bonds are Treasury-backed bonds designed to help protect investors from inflation. Like most Treasury bonds, they appeal to investors seeking the security of an investment backed by the full faith and credit of the U.S. government.  This, they are popular bond investing choices among [...]

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Posted by bobrichards - December 28, 2008 at 10:05 am

Categories: bonds   Tags: ,

Social Security Benefits Can You Count On If You Are Married?

As one spouse of a married couple, you must choose when you will start collecting Social Security benefits. And when you do–whether you will receive Social Security benefits based on your own earnings or as a spouse’s entitlement based on his or her social security benefits. The ‘entitled spousal’ amount maximizes out at 50% of the other spouse’s benefits. You [...]

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Posted by bobrichards - December 27, 2008 at 2:41 pm

Categories: retirement income   Tags:

Supplemental Retirement Income-without Special Skills

Supplemental Retirement Income Idea #1- Are you in pretty good health? The woman that cleans my home is almost 60.  I pay her $140 to clean my home.  It takes her about 6 hours.  If you did the same, one day per week, that’s $560 per month– more than many retirees need to bridge the gap in their retirement income [...]

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Posted by bobrichards - December 22, 2008 at 10:51 am

Categories: retirement options, supplemental retirement income   Tags: ,

Retirement Options for Income

Here are many retirement options to earn money yet few retirees have the required entrepreneurial gumption.  Thus, they are at the effect of someone “giving them a retirement job.”  Those days are over—there are no retirement jobs yet there are plenty of ways to make money.  Here are a few retirement income ideas. Phone Sales from Home Many people who [...]

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Posted by bobrichards - December 20, 2008 at 8:53 pm

Categories: retirement options   Tags:

IRA Real Estate –a Bad Idea

Even with the bloom off the rose, investors still have interest in using real estate in IRAs.  The interest and use of real estate in IRAs peaked with prices.  Even as the real estate market cratered, real estate professionals with sagging commission income pushed IRA real estate (often mistyped or incorrectly searched as IRS real estate) on investors dissatisfied with stock [...]

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Posted by bobrichards - December 7, 2008 at 12:52 pm

Categories: ira real estate   Tags: ,

Convert Non-Producing Assets into Retirement Income

It’s common to find retirees who are asset rich and cash poor.  You may own some of these assets named below that don’t produce much or any income that you can convert to a much larger income stream. Investment Real Estate In many parts of the US, investments in rental houses or apartment buildings will yield less than 4% after [...]

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Posted by bobrichards - December 4, 2008 at 6:05 pm

Categories: retirement income, supplemental retirement income   Tags:

Most Investors Don't Know What They Pay Their Retirement Advisor

Most Investors Don't Know What They Pay Their Retirement Advisor

Years ago, I explained to a prospective client that my annual fee to manage her portfolio would be 1% of the portfolio.  She replied, “why would I pay that when I don’t pay anything for my mutual funds.”  Unfortunately, this public ignorance of what investors pay their retirement advisor is pervasive.  In fact, you’d be shocked to know that even [...]

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Posted by bobrichards - December 1, 2008 at 10:02 am

Categories: financial advisor fees   Tags:

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