Should You Have Debt In Retirement?
Finance

Should You Have Debt In Retirement?

“In a perfect world, you would enter retirement with your home paid off, $2million in savings, and not a penny in debt. Unfortunately, our world is far from perfect.”-Donna McElroy Most financial planners urge their clients to eliminate as much debt as possible before they retire. While this is indeed a sensible approach to avoid […]

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It’s Alright To Dislike Annuities, But You May Already Own One.
Finance

It’s Alright To Dislike Annuities, But You May Already Own One.

In my years as a retirement and income specialist, I have run across more than one person who claims they hate annuities. More often than not, this position is based more on what one of their relatives told them or what they heard from Dave or Suzy on television than on a genuine understanding of […]

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What’s Really Behind Those “7% Guaranteed Rates” On Fixed Annuities?
Finance

What’s Really Behind Those “7% Guaranteed Rates” On Fixed Annuities?

“You’ve probably run across at least one of those “too good to be true” annuity ads. But, what’s the real story behind those 7% rate promises?”- Jerry Yu Chasing after anything that promises a decent return is understandable. In an economy where interest rates have been held tightly in check by the Federal Reserve for […]

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A Comprehensive Guide To Annuities And Annuity Investing
Finance

A Comprehensive Guide To Annuities And Annuity Investing

In its simplest definition, an annuity is an amount payable annually. For our purposes, however, an annuity describes a contract offered by an insurance company that allows you to accumulate funds for retirement on a tax-deferred basis. Upon retirement, you’ll receive income from the annuity that can be guaranteed by the insurer to last either a fixed number of years, or as long as you live. An annuity is neither life insurance nor a health insurance policy, and it’s not a savings account or a bank Certificate of Deposit.

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Are You Willing To Just “Guess” When It Comes To Retirement?
Finance

Are You Willing To Just “Guess” When It Comes To Retirement?

“It’s an open secret that the majority of Americans (as much as 70% of them, in fact) are not prepared for life when they no longer work. The real question is Why?”- Brian Swerdlow. If you’re like most Americans, you probably have some fundamental concerns when it comes to retirement. You may be concerned that […]

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Don’t Gamble. Leverage like Buffett
Finance

Don’t Gamble. Leverage like Buffett

Think of your money for its intended use and for most of us that would be retirement income and money to enjoy the security later in life. There is a way to beat the system, it is easy, simple and the big boys won’t know about it. Why won’t they? Because they don’t care, they only care about their reasons for their money.

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Does The Calculation “120 Minus Your Age” Make Sense Anymore?
Finance

Does The Calculation “120 Minus Your Age” Make Sense Anymore?

“For years, pre-retirees have been told to follow a “120 minus your age” investing formula. But, do dramatic shifts in the economic landscape make that advice obsolete?” Eric Coons A fundamental principle for an investor is the gradual reduction of risk as you approach retirement age. It makes sense because retirees generally don’t have the […]

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The Glidepath And Systematic Withdrawal Theory: Do They Still Apply In Today’s Interest Rate Environment?
Finance

The Glidepath And Systematic Withdrawal Theory: Do They Still Apply In Today’s Interest Rate Environment?

William Bengen is considered the father of the systematic withdrawal theory. Bengen, in his extensive research, tested hundreds of portfolios to create a standard portfolio withdrawal rate that would survive portfolio failure. His research concluded that a 4% percent withdrawal rate was safe. He dubbed it the SAFEMAX rate. It also supported the assumption that a well-funded […]

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