August 10, 2011 in Estate Planning, Health, Health Tips, Living, Money, Retirement Planning
While living to the age of 90 was once a rare feat, it is becoming increasingly common. You may be surprised to learn that the fastest growing demographic in the country is people over the age of 85. According to the latest life insurance mortality tables, 38 percent of men and half of women age ...
May 15, 2011 in Budgets & Savings, Financial Services, Money, Money Tips, Retirement Planning
Social Security is the first place to look when figuring how much money you need to retire. Why? Your retirement savings needs are largely determined by how much you spend less the amount of income provided by Social Security and pensions. For example, if you plan to spend $30,000 per year in retirement with your ...
May 1, 2010 in Estate Planning, Retirement Planning
When it comes to major lifestyle changes, planning ahead can ease financial stress. And no event requires more early preparation than retirement. According to experts, retirees should give plenty of thought to matters such as health coverage and seek a combination of income and asset protection to ensure their savings will last throughout retirement. John ...
April 12, 2010 in Investing, Retirement Planning
IRAs (individual retirement accounts) have long been a staple of retirement saving, and this year, the Internal Revenue Service (IRS) introduced a new rule that makes Roth IRAs available to more investors....
March 29, 2010 in Retirement Planning
If you're concerned about your ability to retire, you're not alone. Gallup's 2009 annual Economy and Personal Finance survey showed that most non-retired Americans, (52 percent), doubt they will have enough money to live comfortably once they retire....
March 4, 2010 in Budgets & Savings, Retirement Planning
With the population aging and over 4000 people a day being forced to take IRA distributions (such distributions are mandatory by April 1 after reaching age 70 1/2), mistakes in taking IRA distributions can total in the billions. Yet, because people have had no prior experience, mistakes are rampant. Below are are 4 common IRA ...
February 24, 2010 in Budgets & Savings, Retirement Planning
The bleak economy, which has brought surging foreclosures, sinking property values, vanishing home equity and mounting job losses, is having a major trickledown effect on seniors and families providing caregiving for an aging loved one. Financial trends for seniors are emerging, such as the housing crisis. Homeowners 50 and older have been significantly affected by ...
January 29, 2010 in Retirement Planning
There is a problem in the retirement planning profession that isn’t being discussed – but is essential knowledge for every prospective retiree… Life expectancy is constantly increasing. In the last 100 years, average life expectancy has increased by 30 years stretching the amount of time most people spend in retirement. When Social Security was first ...
January 21, 2010 in Budgets & Savings, Retirement Planning
The reason people assume the risks of investing in the first place is the prospect of achieving a higher rate of return than is attainable in a risk free environment…i.e., an FDIC insured bank account. Risk comes in various forms, but the average investor’s primary concerns are “credit” and “market” risk… particularly when it comes ...
January 19, 2010 in Retirement Planning
Are you the type of person who never was able live up to stereotypes? When we think of a stereotype, the classic is the image of your standard senior citizen. That image is as a slowly moving Grandma or Grandpa who is long done working at their career and wants nothing more than to sit ...
