Retirement Investing Dilemma Solved
There’s a terrible problem in retirement investing that concerns how much risk you should take with your retirement funds. It’s a seemingly unsolvable financial conundrum of investing in retirement. Let’s take a closer look. On the one hand, you’d like to put all your retirement funds in the bank and keep it safe and secure in FDIC insured accounts. The issue is you will only [...]
Retirement Jobs
If you look a the AARP forums on their web site, you will see that postings and comments of people looking for senior jobs are the most busy forums. You are not alone in your search for a retirement job. However, it’s likely that you need to change the way you think about employment for seniors. Forget about getting a [...]
Categories: retirement savings Tags: retirement income, retirement job, retirement money, supplemental retirement income
A Viable Last-Minute Retirement Planning Option
Several personal financial advisors will tell you the most beneficial way to save for retirement is to begin young and consistently put away a percentage of your earnings in a retirement savings plan such as an Individual Retirement Account. You have certainly seen the retirement calculators that show how even a $2,000 a month investment grows to a large retirement [...]
Categories: retirement calculator Tags: retirement calculator, retirement income, retirement planning
Municipal Bonds for Retirement Income — Little Known Aspects
Municipal bonds can be a great source of retirement income and this post will keep you from getting ripped off. The interest is high and tax free but the way municipal bonds are sold lacks regulation and disclosure and you’re about to learn what your broker will never tell you. Municipal bonds are not for everyone and are best suited [...]
Categories: retirement income Tags: municipal bonds, retirement income
Retirement Income for Life With a Senior Tax Break
Most people think about charitable bequests as part of their will or trust to be consummated when they die. However, you will miss some senior tax breaks if you wait until death. If you attend to these charitable giving issues while alive, there are some big tax breaks available and a decent income for life. Charities are happy to pay [...]
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
Reverse Mortgages – a Potentially Important Retirement Income Source
Seniors who are in a cash flow bind because of increasing expenses or a drop in their investment income may want to look into tapping one of their most valuable assets: their homestead. There are several ways to do this. Homeowners could sell the home, but they would have to move. Or they could take out a loan against it, [...]
Categories: reverse mortgage Tags: retirement income, reverse mortgage
Pre-Retirement Planning: What Seniors Need to Know
There are three big areas on which to focus your attention in your pre-retirement years. Sufficient Retirement Capital You likely need more than you think to provide sufficient retirement income. There are lots of “rules of thumb” you may hear like “you need 70% of your pre-retirement income. Don’t rely on these simplistic rules. If you want to do it [...]
Categories: retirement planning Tags: pre-retirement planning, retirement income, retirement investing
