Month: April 2016

Guaranteed Lifetime Income Annuity

Guaranteed Lifetime Income with Annual Increases Predictable Streams of Income Uncorrelated to Market Volatility Retirement income plans should have foundational components like guaranteed lifetime income. Social Security benefits generate guaranteed lifetime income. Corporate and government pensions generate guaranteed lifetime income. Deferred Income Annuities (DIAs) and Single Premium Immediate Annuities (SPIAs) generate guaranteed lifetime income. You need guaranteed lifetime income to cover your domestic spending. Content: Often times, consumers parrot some platitude they read in a publication, hear on the radio or see on TV or the Internet. One that has graced the lips of many an uninformed consumer is,...

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The Four Simple Steps to a Successful Retirement

A Simplified Approach to Retirement There are four basic steps to retirement success you need to address to cover the challenges you might face in your golden years. Step One: Cover Your Domestic Expenses. Step Two: Protect Your Portfolio Against Inflation. Step Three: Insure Your Legacy and Giving with Life Insurance. Step Four: Indemnify Yourself Against Elder Care Costs. You’ll need a budget, a risk-tolerance test, a list of family members, a list of favored charities and a plan for assisted home living. Building a basic retirement strategy should include the categories outlined here. They are the simple steps...

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The Top Ten Retiree Risks in Retirement

There Are Financial Products and Planning Strategies to Mitigate Retirement Risk Most retirees are either going to spend their money on themselves, give their money to others or do both. But that’s all determined by how much after-tax income you have at the end of the month. You must integrate the right financial products and planning strategies to mitigate as many retirement risks as possible to generate the most net-spendable income during retirement. The number-one risk in retirement is longevity risk, but it’s also a risk multiplier of the remaining nine retirement risks. It exacerbates all the other retirement...

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The Hard Facts About Retirement

Retirees Face Rude Awakening as Retirement Realities Set in For those near retirement, your accumulated savings accounts and retirement income plans seem like a lot of money. After all, you’ve put in some serious sweat equity over the years to stockpile $104,000—the average accrued retirement account, according to the 2015 Government Accountability Office. Under perfect market conditions, the 4-percent withdrawal rule doesn’t generate much income. A 6-percent payout rate from a guaranteed lifetime income annuity is better, but even with Social Security income, it’s tough to live on. This a rude awakening for baby boomers and a wake-up call...

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Whatever Happened to Living Happily Ever After in Retirement

Stress and Insomnia over Finances in Retirement The cultural shift over retirement has been dramatic throughout the last 40 years. In one generation, the paradigms of the past no longer apply as principals of the future. With the exception of the military, federal and state government workers, pensions for the average American worker are gone. If it was simply a matter of losing out on receiving a gold watch or a retirement party the day you retire, that would be one thing. But losing out on a guaranteed pension for life is a major shift away from the previous...

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