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 [...]
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 [...]
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 [...]
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 [...]
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. [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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