retirement income
Articles to do with selecting and management of sources of retirement income
Employer Sponsored Retirement Plans
There are several types of employer sponsored retirement plans and your employer likely provides ONE of these. You don’t have a choice but you want to have a basic understanding of the plan being offered to you and you want to participate as a way to maximize your retirement investing. Employers have these plans in place as a benefit that [...]
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Sources of Retirement Income You Control
Many retirees lack control over 50% or more of their retirement income. For example, if a retiree has income of $50,000 annually, and $30,000 comes from social security and employer pension, the retiree controls less than half of his retirement income making those sources somewhat useless to discuss. So let’s focus on the sources of retirement income you can control and [...]
Categories: retirement income Tags: annuitize, bonds, dividends, immediate annuity, retirement income sources
FDIC Insured Index-Linked CDs — Play the Market without Risk
Want to play the stock market without risk? FDIC insurance will help you do that. The FDIC insures the “index-linked” CDs offered by some banks. These CDs pay interest based upon the overall performance of a stock market index, and your principal deposit is FDIC insured up to current limits (generally $100,000 and $250,000 for retirement accounts). Here’s an example of how [...]
Categories: CD savings, retirement income Tags: CDs, FDIC insuered, FDIC insurance, index-linked
How to Earn More – FDIC Insured CDs part 1
Callable CDs “Callable CDs” are a variety of CDs that often pay more than regular (non-callable) CDs. These CDs come with Federal Deposit Insurance Corporation insurance (FDIC), full principal repayment at maturity and above-average yields. These insured CDs appeal to safety-conscious retirees looking for income. Although FDIC insured, that does not mean they are not without risk. These FDIC insured CDs have features [...]
Categories: CD savings, retirement income Tags: callable CDs, CDs, certificates of deposit, FDIC
Retirement Income Sources
According to the Bureau of Labor Statistics, these are the sources of retirement income and proportions thereof. Note that 60% of your retirement income sources are not within your control so it does not need to be addressed. Let’s address the sources of retirement income you can control. Let’s also note that the portion of retirement income you can control may [...]
Categories: retirement income Tags: retirement income sources
Certified Retirement Advisor–What Does the Designation Mean?
Surprisingly, there is no such thing as a “certified retirement advisor” in the US. Because there are several designations, it may be hard to keep them straight so let’s do a little sorting out to help you find a retirement advisor. Most all of these individuals do some sort of financial planning and work with retirees (some may only deal [...]
Categories: retirement advisor, retirement income Tags: certified retirement advisor
Get a High CD Return but Be Aware
The attraction of a certificate of deposit (CD) is its higher interest rate over your bank’s regular savings account rate. Also, federal deposit insurance secures it up to $100,000 per institution ($250,000 if an IRA). CD returns today offer new options that seniors who seek short term secure investments should be aware of. CDs can play an important part of the conservative [...]
Categories: CD savings, retirement income Tags: Bank CDs, certificate of deposit
Retirement Funding—Common Misconceptions
The typical sources considered for retirement funding are 401k and retirement plans (IRAs) Pensions Other savings Social security But you have huge opportunities to gain retirement funding from other sources under your own steam, during retirement. These other sources are not often mentioned by retirement advisors unless you pay a fee for their advice as there is no commission to [...]
Categories: retirement income Tags: retirement advisor, retirement funding, tax planning
Increased income from your CD savings
Are you disturbed by the rates on CD savings at your bank? Not enough to satisfy your retirement income plan goals? Many banks are FDIC insured, just like your local bank. Shop around for the best Certificates of Deposit. Check out other banks and saving institutions in your neighborhood, and in other states. Their rates could be higher than what [...]
Categories: CD savings Tags: cd savings, FDIC insurance, retirement consultants, retirement income plan
Retirement Income Investing – Rules to Obey
If you incorporate these rules when selecting retirement income investments, you will avoid the most common errors and enjoy a more consistent income with fewer surprises. 1. Long term investments will pay more than short term investments Most of the time (unless the Federal Reserve is attempting to slow inflation), long term interest rates will be higher than short term [...]
Categories: retirement income Tags: retire rich, retirement income investing, retirement planning center
