Owner: Retirement Income Blog URL:http://www.retirement-income.net/blog Join Date: Mon, 13 Oct 2008 06:37:43 -0500 Rating:0 Site Description: Retirement Income Planning information to help seniors and retirees increase retirement income, reduce senior insurance expense and live better. All information is developed and vetted by seasoned financial advisors and retirement advisors. Site statistics:Click here
What’s a Certified Retirement Financial Advisor? 2008-10-09 15:42:25 Who can you trust? That’s a major concern for retired investors.
You don’t want someone who simply “has a job” in the financial services industry who sells products and services. You want a professional retirement advisor who has made the commitment to competency and high standards to serve their clients at the highest levels. Certified
Retirement Financial
[...]
Retirement Investment Advice for Volatile Markets 2008-10-08 12:05:25 Allocate Your Investments to Achieve Your Retirement Goals
Your retirement concerns may include income to live on, travel, gifting, and making bequests to heirs and charity. Which of these goals will you achieve and how? The value of your investments and their allocation among various investment categories suggest statistically what is realistic for you to achieve–but [...] Read more:Markets
, Volatile
How to Repair your Mutual Fund Portfolio 2008-10-07 12:18:20 Is there a better way to manage your mutual fund portfolio through the ups & downs of the market?
If you have been a “buy-and-hold” investor through the most recent bull and bear markets, you might be aware of the shortcomings of this strategy. A buy-and-hold strategy seems to work out well in a bull market [...] Read more:Mutual
, Portfolio
, Repair
Financial Planning for Seniors 2008-10-03 10:30:52
While many Americans have spent years planning for their retirements, a great many of them have made a basic discovery once they reach that plateau. Namely, that there are some issues that simple math and time will not necessarily resolve. If you are near retirement or have retired, here are several common mistakes that occur [...] Read more:Financial
, Financial Planning
, Seniors
CD Savings Rate - Earn More When You Share Risk with the Bank 2008-10-02 18:40:59 Your local bank likely offers among the lowest CD savings rate–not a good thing for your retirement investing. The local bank has the expense of rent, the tellers’ salaries and highly unproductive service representatives that will waste an hour opening a checking account. The expense of running a bank branch is enormous and therefore, the CD savings rate [...] Read more:Savings
, Share
Retirement & Estate Planning — Often in Competition 2008-09-30 10:57:36 One aspect of retirement planning is protecting the assets you have accumulated. Estate
planningis also about protecting the assets you have accumulated but comes at the issue of asset protection from a different aspect. For example, in retirement planning, one is concerned with asset allocation–the idea of spreading your money among different asset classes so [...] Read more:Often
Estate and Trust Planning 2008-09-29 19:09:13
A trust serves to separate legal and equitable title. In plain English, this means that a trust holds an asset (any asset like a house, car, or bank account) in the name of one person (called the Trustee), but that the asset is really for the benefit of someone else (called the beneficiary). Why have [...] Read more:Estate
Estate/Trust Administration- What’s Involved When Someone Dies 2008-09-26 10:47:34 When an individual dies, assets of the decedent may be transferred based on how their titled or a named beneficiary. For example, assets held as joint tenants with right of survivorship pass directly to the other joint owner. Similarly, IRA accounts pass directly to the named beneficiaries as do payable on death accounts, transfer on death [...] Read more:Administration
, Estate
, Involved
Estate Planning Basics - It’s not about Money 2008-09-25 13:36:41 Estate planning is not just for the rich. It is for anyone that cares about their heirs. In fact, most aspects of estate planning basics have little to do with money.
Estate planning basics do address the eventual and economical distribution of your possessions and authority but more importantly, how you take care of your loved [...] Read more:Basics
, Estate
, Money
Do You Know This About Your IRA Savings? 2008-09-24 12:09:39
Many of you are somewhat familiar with the traditional Individual Retirement Account (IRA). It’s a type of retirement account that you can open yourself; it’s not run by your employer. For many people , it’s the bedrock of their retirement plan. Whatever you contribute to it grows tax deferred until you withdraw money. Your IRA [...] Read more:Savings
Javelin Marketing: To Retire Early, Minimize Expenses 2008-11-04 11:56:40 The biggest problem early retirees face is failure to change spending habits when they retire early. I worked with a couple who provides an example. I set up their portfolio to provide a retirement income of $40,000 annually which combined with social security and pensions gave them an income of $80,000 annually. The brother of [...] Read more:Early
, Expenses
, Marketing
Deferred Annuity 2008-11-03 15:01:29 Deferred annuities are designed for building a tax-deferred retirement nest egg by people age 20 to 60. During volatile times, this may be one of the better retirement optionsfor conservative investors. You can have your funds guaranteed by the insurance company and receive their modest annual declared interest rate or you can opt for a [...] Read more:Annuity
Immediate Fixed Annuity payments - How much will you get? 2008-10-31 18:40:20 One of the advantages of immediate fixed annuities is the feature that provides you with income for the rest of your life, for both you and your spouse, or simply to pay you for a fixed number of years. But what’s the best choice for you? Let’s consider some payouts based on annuity type and [...] Read more:Annuity
, Fixed
Immediate Fixed Annuity: An Alternative to Tax Free Bonds 2008-10-30 15:01:04 While tax-free bonds can be a popular source of tax-free income, some retirees are not aware that they can receive a potentially higher source of cash flow from insurance companies using an immediate fixed annuity.
In exchange for the premium payment, the insurance company pays the annuity owner a cash payment for life or for a [...] Read more:Alternative
, Annuity
, Bonds
, Fixed
Guaranteed Retirement Income 2008-10-29 19:08:44 Let’s work up the ladder of rates that you can get from guaranteed retirement income sources. We skip treasury securities because bank deposits pay more and they also have a federal guarantee (up to $250,000 per depositor through 12/31/2009)
Bank Certificates of Deposit – in terms from 3 months to 5 years. Generally, the longer the [...] Read more:Income
Javelin Marketing: Estate Planning Strategies 2008-10-28 12:42:11 A New Type of Trust May be Able to Solve Many Estate
Planning Problems
Many wealthy Americans today are worried about what will happen to their estates after they are gone. Although many different types of trusts have been designed to help alleviate this problem, a new type of trust, called the “inheritor’s trust” has a [...] Read more:Marketing
, Strategies
Find a Financial Advisor 2008-10-24 18:25:53 Realize first that the term “financial advisor” is a generic term much like “retirement advisor“and can mean almost anything. In fact, most “financial advisors” make commissions by selling products. Which means that while they may be sincerely interested in helping you, they earn nothing until you buy something. So if you want advice and not [...] Read more:Financial
Retirement Annuity Rates–Where to Find Them 2008-10-22 11:39:00 Although there are several flavors of annuities, the term “retirement annuity” typically refers to an annuity taken from an employer pension plan (e.g. monthly payments for life) or a non-qualified annuity purchased by an investor with after tax funds in return for monthly payments from an insurance company. Retirement annuity rates or monthly payments will [...] Read more:Annuity
, Rates
Americans Wasted $26 Billion in Estate Taxes–Failure to Know Estate Planning Basics 2008-10-22 10:56:26 If you don’t want to waste your dollars, its critical that you understand estate tax planning basics and how to avoid estate tax.
The Annual Report on the United States Government reports that Americans
paid $26 Billion in estate taxes in 2006. Every dime of those taxes could have been avoided. How do you think the [...] Read more:Basics
, Estate
, Taxes
, Wasted
Company Retirement Plans 2008-10-21 17:48:23
Company retirement plans come in two flavors–defined benefit (based on an ultimate benefit to be paid upon retirement) and defined contribution (based on the amount that gets put into the plan today). These are both referred to a “qualified plans” because they qualify for tax deductible contributions under section 401 of the Internal Revenue Code.
No [...]
Is Your Long Term Care Premium Too High? 2008-11-21 13:12:03 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 [...] Read more:Premium
Retirement Financial Planning - Step by Step 2008-11-17 21:02:05 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 finan Read more:Financial
How to Choose a Retirement Plan Provider 2008-11-11 17:50:10 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 [...] Read more:Provider
Retirement Plan Services 2008-11-10 20:34:57 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 [...] Read more:Services
Trusts and Estate Planning 2008-11-07 11:22:03 Trusts play a big part in estate planning. What you don’t know about them can hurt you and your beneficiaries’ financial health and possibly your own.
A trust is a legal entity - just like a corporation or a person. It holds assets for a beneficiary. The beneficiary could be you or another person. A trust [...] Read more:Estate
Right Retirement Advisor Helps Optimize Retirement and Estate Planning 2008-11-06 12:51:47 You may be able to achieve more of what you want for retirement than you think. The right retirement advisor, often can help you see implications of your actions, decisions, and wishes and how they impact your retirement and estate planning. But your advisor cannot help you unless he knows what wishes are ultimately on your [...] Read more:Estate
, Right
Long Term Care Rate Guidance 2008-11-05 11:00:01 Study shows long term care - though needed - is often too costly for seniors
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 it [...] Read more:Long Term
Access Cash Value of Senior Life Insurance 2008-12-31 11:14:28 In retirement you may want access to some or all of the cash in your senior life insurance policy. What are some of the ways to get at it?
All cash-value life insurance policies include a “surrender right,” which entitles you to give the policy back to the insurer for its current cash value if you [...] Read more:Access
, Value
Reduce Your Taxes with Municipal Bond Swaps 2008-12-30 12:51:17 Every year, millions of Americans file their 1040s and end up having to pay taxes; even after all possible deductions have been taken. Many are able to itemize, while others are eligible for dependent care credits, or above-the-line deductions for their retirement plan contributions. But those who have enjoyed short-term market gains or other investment [...] Read more:Municipal
, Taxes
How Early Retirement Impacts your Social Security Benefits 2008-12-29 15:52:14 Thinking about early retirement before you start collecting Social
Security Benefits
?
Doing so won’t reduce the benefit that you accrued before you stopped working—but it could produce a smaller benefit than your estimated benefits statement suggests. You should receive an estimated-benefits statement from the Social Security Administration each year. The benefits it projects assume that you Read more:Early
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