What Are The Key Differences Between Projected And Guaranteed Retirement Plans?

While both projected and guaranteed retirement plans provide financial stability during retirement, they each have distinct advantages and drawbacks. A projected plan, such as a 401(k), relies on market performance to determine the amount of funds available for the retiree. This can be risky, as there is no guarantee of how much money will be […]

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2023 Retirement Account Contribution Limits

It’s no secret that saving for retirement can be a challenge. Between the rising cost of living and the uncertainty of the future, it can be challenging to set aside enough money to ensure a comfortable retirement. However, employees using 401(k), 403(b), most 457 plans, or the Thrift Savings Plan will be happy to know […]

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Don’t Let Poor Planning Ruin Your Retirement

A recent study found that nearly two-thirds of Americans have no idea how they will pay for their healthcare costs in retirement. This is a startling statistic, considering that health care is one of the retirees’ most significant expenses. While Medicare does cover some costs, it doesn’t cover everything, and many seniors face substantial out-of-pocket […]

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Do You Have A Guaranteed Paycheck For The Rest Of Your Life?

Like most people, you probably want to have a comfortable retirement. That means having ample money to cover your costs without worrying about running out. One of the best ways to get this done is by securing a guaranteed lifetime income. This is income paid to you for the rest of your life, with protection […]

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Why A Retirement Planner Should Be Apart Of Your Retirement Plan

There’s no denying that retirement planning is a complex topic. There are many moving parts and pieces to consider, from Social Security and Medicare to investment strategy and estate planning. It can be difficult to know where to start or even where to turn for help. An excellent way to ensure that you are making […]

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Why A Retirement Planner Should Be A Part Of Your Retirement Plan

There’s no denying that retirement planning is a complex topic. There are many moving parts and pieces to consider, from Social Security and Medicare to investment strategy and estate planning. It can be difficult to know where to start or even where to turn for help. An excellent way to ensure that you are making […]

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Why Retirement is Harder for Women

It’s no secret that retirement planning is often neglected, especially by young adults. However, a new study has found that the problem is particularly acute for women. According to the US Census Bureau, about 50% of women ages 55 to 66 have no personal retirement savings, compared to 47% of men. The gender gap persists […]

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8 Important Facts About Retirement Planning

Suppose you don’t have enough saved for retirement. Research shows that the average American has $95,776 saved for retirement, and 1 in 3 Americans have no retirement savings. If this sounds like your situation, you might consider several options, including working during retirement, downsizing your home, or delaying your Social Security benefits. You should also […]

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Lock in the Interest Before It Goes Away

Hurry: Lock in the Interest Before It Goes Away “The end of the Federal Reserve’s campaign to raise interest rates is approaching, according to Morgan Stanley strategist Michael Wilson.”  Bill Broich Example of what is currently available: 5-year guaranteed interest of 5.2% or higher 3- year Guaranteed interest of 4.5% or higher (subject to change and […]

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What Is COLA And What Does It Mean For Seniors?

Cost of living adjustments (COLAs) are meant to help ensure that Social Security benefits keep up with inflation. However, several factors can affect how well COLAs actually achieve this goal. One issue is the way that inflation is measured. The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) is the most commonly […]

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