Are you entering retirement, but want to delay taking the full required minimum distributions (RMDs) from your retirement portfolio? Perhaps use the money to help secure the possibility of a long retirement instead? Say hello to the QLAC. QLAC stands for Qualified Longevity Annuity Contract. It’s a type of annuity that can be bought with …
Market ups and downs can keep retirees on edge, worried about potentially big losses from which they may never be able to recover. And those worries aren’t necessarily misguided. From 1928 through March 2022, there have been 26 bear markets. A bear market is a market decline greater than 20% that lasts at least two …
Retirement Income Shouldn’t Depend On The Market, It Should Depend On Math Read More »
Do you feel like you know enough about money to get by? A newly released survey by the TIAA Institute shows that people of all ages and experience levels could answer only 50% of financial literacy questions correctly.1 Your level of knowledge in the financial world can have ripple effects, especially when preparing for retirement. …
Missing deadlines, delaying enrollment, or choosing the wrong plan can cost you a bundle when it comes to Medicare. Here’s a list of common mistakes new Medicare enrollees make and how to help avoid them. Not signing up for Medicare at the right time Timing, as they say, is everything. It’s especially important when it …
It is easy to identify things you could have done differently knowing what you know today. If only we had a crystal ball, life could be so much easier. Here are some regrets often heard from retirees that you may want to consider as you make important decisions about your future. Starting a transition plan …
While the market may not be a fun time for investors, there are some bright spots and opportunities to be had. Stock market drops like we’ve seen recently might make a Roth IRA conversion more appealing as a strategy for investors. Should you consider converting a traditional IRA to a Roth during a down market? …
Should You Consider A Roth Conversion While The Market Is Down? Read More »
If you’ve changed jobs multiple times throughout your career, you’re not alone. According to the Bureau of Labor Statistics, baby boomers switched employers, on average, 11 times between ages 18 and 50. A new job might come with enticing perks, like raises, promotions, or a chance to grow your skills. If you were putting money …
Switched Jobs? Consider Consolidating Your Retirement Savings Read More »
Over the past year, Americans’ concern over inflation has steadily increased. A Gallup poll coordinated in March noted that 17% of Americans believe the high cost of living and inflation is a significant problem, up from 8% in January. For individuals who may be nearing retirement, there are planning considerations to be mindful of as …
Rising Healthcare Costs And The Impact On Pre-retirees Read More »
Single, childless retirees who have never been married may have fewer strategies available for claiming Social Security benefits than spouses, widows, and divorcees, but no less incentive to help maximize their retirement income stream. Indeed, singles need not worry about how the timing of their Social Security benefits may impact a surviving spouse or minor …
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