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WHEN SHOULD YOU RETIRE?

Written by admin on April 11, 2023. Posted in Retirement Planning.

More workers are postponing retirement. Will you? The pandemic sparked some interesting retirement trends. First there was an unexpected decline in the share of workers in the United States who were 55 and older, prompting a study called “The Great Retirement Boom” by economists with the Federal...

HELP PREVENT SCAMS TARGETING OLDER ADULTS

Written by admin on February 8, 2023. Posted in Retirement Planning.

Learn how to protect loved ones—and yourself—from fraud Face it. We’re all getting older. And, while age comes with wisdom, it can also come with vulnerability. The National Council on Aging (NCOA) reports that scams targeting older adults are increasing—and often leave no way for the victims...

Handling Retirement Shortfalls

Written by admin on August 8, 2022. Posted in Retirement Planning.

How to address retirement savings that aren’t stacking up. No matter your age or background, saving for retirement is a common concern. Will yours be the storybook future, one spent sampling wines in the Napa Valley and golfing the world’s iconic links? Or will it be far more mundane and perhaps...

How Inflation Threatens Retirees

Written by admin on September 17, 2020. Posted in Retirement Planning.

Its effect is subtle, yet significant. In retirement, you face a quiet financial threat. Over time, inflation may erode your purchasing power. Even mild inflation eventually reduces the value of a dollar. If consumer prices rise just 2% a year for the next 25 years, $50,000 will buy the equivalent...

Annuity Options: Choices Abound for Today's Retiree

Written by admin on June 24, 2020. Posted in Retirement Planning, Saving for Retirment.

As the earliest baby boomers begin to enter retirement, the various income guarantees and other living benefits offered through variable annuities (VAs) are gaining in importance. Yet before you rush to add a VA to your retirement funding scheme, take some time to understand what VAs have to offer...

Tips for Transitions: Make the Most of Your Retirement Account Options

Written by admin on January 30, 2020. Posted in Retirement Planning.

American workers change jobs fairly frequently. For instance, the youngest baby boomers held an average of more than 11 different jobs before the age of 48.1 The decisions you make about how to manage retirement assets when changing jobs can have a direct impact on your future financial health. “Cashing...

Finding Your Way through the IRA Maze

Written by admin on September 17, 2018. Posted in 401k, Retirement Planning, Saving for Retirment. 31 Comments

You’re certainly not alone if the words Individual Retirement Account (IRA) cause your mind to spin in confusion. The original IRAs were mind-boggling enough. However, now you have several options, including what many have called the “American Dream” IRA—the Roth IRA. Let’s take a moment and ferret...

A Few Words on Feathering Your (Retirement) Nest

Written by admin on July 17, 2018. Posted in 401k, Retirement Planning, Saving for Retirment. 1 Comment

If you are in your twenties, you may think it’s too early to start planning for your retirement. Be assured, it’s never too early. Following are a few tips to consider in planning to feather your nest and nurture your nest egg. 1) Calculate your monthly expenditures and your income. This should include...

A Closer Look at IRAs—Roth vs. Traditional

Written by admin on July 2, 2018. Posted in 401k, Retirement Planning, Saving for Retirment.

Roth IRA Traditional IRA 10% penalty for withdrawals prior to age 59½ Yes** Yes** Tax-deductible contributions No Yes*** Tax-deferred accumulation Yes Yes Tax-free distribution Yes No Mandatory minimum withdrawals requiredto start at age 70½ No Yes *Withdrawals after age 59½ may...