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Income Annuities Take The Risk Out Of Retirement

Few adults would go without auto, home, life, or health insurance. But the kind of insurance that helps protect against the risk of running out of money in old age is still greatly underutilized. It’s called a deferred income annuity or longevity annuity. Most people planning for retirement should strongly consider an income annuity, and …

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How To Help Avoid Retirement Killers

If you’re starting to wonder if you’ll ever have enough money saved to retire, you aren’t alone. According to the Employee Benefit Research Institute’s 2022 Retirement Confidence Survey, only 28% of respondents said they were “very confident” they would have enough money for a comfortable retirement. And 58% said preparing for retirement makes them feel …

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Getting Divorced? Getting Remarried? What Older Adults Need To Know

Gray divorce is on the rise, and couples parting ways at this stage of life should know there are important financial and estate planning issues to consider. In the last five years, more long-term marriages have ended than ever before. It’s a global phenomenon. Most divorces still happen to couples in their 30s and 40s, …

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How Psychology Affects Your Search For A Financial Advisor

Selecting the right financial advisor is an important but difficult decision. Key considerations include whether your prospective advisor has the right technical skills, charges fair fees, and puts your interests first. But which factors should you prioritize when finding the best one for you? Turns out, you should be looking at psychology. A 2019 Vanguard …

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Retirement Income Shouldn’t Depend On The Market, It Should Depend On Math

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 …

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