retirement income
Articles to do with selecting and management of sources of retirement income
Forgo Early Retirement to Beef-Up Your Retirement Income
Economic downturns, hard times, or simply bad organizing could leave your goal of early retirement crippled. Take heart. By forgoing early retirement, you can considerably improve your forecasted retirement income bringing you more enjoyment of these golden years. Let’s understand why postponing retirement can be to your advantage. You might have undervalued how the quantity of retirement resources you would [...]
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Retirement Distributions–How to Cut Senior Taxes
How you Use or Spend Your Savings Determines how much Retirement Tax You Pay When it comes time to tap your savings and investment accounts, investors often ignore which source should come first for retirement distributions. In general, many experts often advise investors to draw from their taxable accounts first, then tap qualified accounts such as IRAs and 401(k)s further down the road. [...]
Categories: retirement distributions, retirement income Tags: cut senior taxes, retirement distributions
In Search of Retirement Income—International Bond Funds
Some foreign governments may offer a higher interest rate on their bonds than the US Government does. Additionally, some foreign corporations might offer a higher interest rate than the US companies. For retired investors, this could be an opportunity to diversify in an area that offers potentially higher returns, more stable returns and a hedge against the value of the [...]
Categories: retirement income Tags: Add new tag, bond investing, international bionds, international bond funds, international bonds
Non-traditional Mortgages Could Save You Money–or pay you like a Reverse Mortgage
Reverse mortgage as an effective retirement income source
Categories: retirement income Tags: mortgages to save money, reverse mortgage
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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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 [...]
Categories: retirement income, supplemental retirement income Tags: retirement income sources
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
Immediate Fixed Annuity Payments – How much will you get?
One of the advantages of immediate fixed annuities is the feature that provides you with income for the rest of your life, for both you and your spouse, or simply to pay you for a fixed number of years. But what’s the best choice for you? Let’s consider some payouts based on annuity type and other factors to get a [...]
Categories: immediate annuities, retirement income Tags: immediate fixed annuity
Guaranteed Retirement Income
Let’s work up the ladder of rates that you can get from guaranteed retirement income sources. We skip treasury securities because bank deposits pay more and they also have a federal guarantee (up to $250,000 per depositor through 12/31/2013) Bank Certificates of Deposit – in terms from 3 months to 5 years. Generally, the longer the term, the higher the [...]
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What is a 457 Retirement Plan?
A 457 retirement plan is a non-qualified (i.e. does not need to meet the restrictions set up by IRS under section 401) deferred compensation plan for government employees and tax-exempt organizations. The plan designed to comply with the rules of Internal Revenue Code section 457 is referred to as a Section 457 retirement plan. Employees are allowed to defer compensation [...]
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