Pre-Retirement Planning
Thinking about retirement? Be prepared. Take important steps to plan for a smooth transition into retirement.
What Would I Do?
Every Friday I post a "What Would I Do" topic. Keep in mind, it is not necessarily what you should do. Instead, it is written to give you insight into how to think about various financial decisions so that, from an educated perspective, you can make the right decision for you. I'll ad each new post to the top of the list below.
Every Friday I post a "What Would I Do" topic. Keep in mind, it is not necessarily what you should do. Instead, it is written to give you insight into how to think about various financial decisions so that, from an educated perspective, you can make the right decision for you. I'll ad each new post to the top of the list below.
Finding Guaranteed Retirement Income
The three primary sources of guaranteed retirement income are social security, annuity income and pension benefits. Here's what you need to know about using these vehicles to maximize your own guaranteed income.
The three primary sources of guaranteed retirement income are social security, annuity income and pension benefits. Here's what you need to know about using these vehicles to maximize your own guaranteed income.
Pension Benefit Distribution Decisions - Important Choices To Make
If your company offers a pension plan, and you have been there long enough to be eligible for benefits, you will have one or two critical pension benefit distribution decisions to make when you retire. Below is a summary of each main choice, and links to detailed information to help you weigh out the pros and cons.
If your company offers a pension plan, and you have been there long enough to be eligible for benefits, you will have one or two critical pension benefit distribution decisions to make when you retire. Below is a summary of each main choice, and links to detailed information to help you weigh out the pros and cons.
Choosing The Right Pension Benefit Option For You And You Spouse
When you retire and you are vested in your pension plan, you will have to choose how you want to receive your pension benefits. Your pension benefit will offer choices like life-only, joint and survivor, or life with ten years certain. How do you evaluate these choices and pick the right one for you and your spouse?
When you retire and you are vested in your pension plan, you will have to choose how you want to receive your pension benefits. Your pension benefit will offer choices like life-only, joint and survivor, or life with ten years certain. How do you evaluate these choices and pick the right one for you and your spouse?
How To Compare Pension Distribution Choices: Lump Sum Or Annuity?
When you retire from a company with a pension plan you are often given the choice of taking your distribution as a lump sum or as an annuity payment. Here you'll find the pros and cons and step by step instructions on how to compare the lump sum verses the annuity distribution.
When you retire from a company with a pension plan you are often given the choice of taking your distribution as a lump sum or as an annuity payment. Here you'll find the pros and cons and step by step instructions on how to compare the lump sum verses the annuity distribution.
Review Your Beneficiary Designations Yearly
When is the last time you checked to see who you named as the beneficiary, or beneficiaries, on your retirement accounts, life insurance policies and annuities? Many people neglect to update these types of beneficiary designations after a marriage, divorce or other change in their family situation.
When is the last time you checked to see who you named as the beneficiary, or beneficiaries, on your retirement accounts, life insurance policies and annuities? Many people neglect to update these types of beneficiary designations after a marriage, divorce or other change in their family situation.
How Much Money To Retire? Inflation and Life Expectancy In Retirement
Determining how much money you need to retire requires you to make assumptions about inflation and life expectancy and calculate a best and worst case scenario.
Determining how much money you need to retire requires you to make assumptions about inflation and life expectancy and calculate a best and worst case scenario.
How Much Money To Retire? Calculate The Gap
The third step used to determine how much money you will need to retire is calculating the gap between retirement expenses and guaranteed sources of retirement income.
The third step used to determine how much money you will need to retire is calculating the gap between retirement expenses and guaranteed sources of retirement income.
How Much Money To Retire? Figure Out Sources Of Guaranteed Retirement Income
One of the steps required to determine how much money you will need to retire involves figuring out your guaranteed sources of income.
One of the steps required to determine how much money you will need to retire involves figuring out your guaranteed sources of income.
How Much Money To Retire? Estimate Your Retirement Expenses
To determine how much money you will need to retire, you must first estimate your retirement expenses; how much you think you will spend each year in retirement.
To determine how much money you will need to retire, you must first estimate your retirement expenses; how much you think you will spend each year in retirement.
Retire
Determining when and how to retire is challenging. There are plenty of things to think about such as when to start social security, how to invest, how much tax you will pay in retirement, and much, much more. Below you will find answers to many of your common questions about retirement.
Determining when and how to retire is challenging. There are plenty of things to think about such as when to start social security, how to invest, how much tax you will pay in retirement, and much, much more. Below you will find answers to many of your common questions about retirement.
Web’s Best Retirement Income Calculators
A good retirement calculator will help you determine how much you may have available to spend each month in retirement, the likelihood your savings will last throughout your retirement, and options to make up for potential shortfalls.
A good retirement calculator will help you determine how much you may have available to spend each month in retirement, the likelihood your savings will last throughout your retirement, and options to make up for potential shortfalls.
3 Things To Consider Before You Retire At 55
Want to retire at 55? Here are three things to consider before you retire at 55.
Want to retire at 55? Here are three things to consider before you retire at 55.
5 New Year’s Financial Resolutions That Will Start Your New Year Out Right
Do you keep on doing the same thing over and over, and yet expect different results? This year, start your year out right with these 5 New Year's financial resolutions.
Do you keep on doing the same thing over and over, and yet expect different results? This year, start your year out right with these 5 New Year's financial resolutions.
A Twist To Your Retirement Planning – Calculate Life Expectancy
It may sound morbid, but we’re all dying. The question is not if, it’s when. Instead of shying away from the great unknown, embrace the reality of the inevitable. Tackle life expectancy head on, and use it to do your planning.
It may sound morbid, but we’re all dying. The question is not if, it’s when. Instead of shying away from the great unknown, embrace the reality of the inevitable. Tackle life expectancy head on, and use it to do your planning.
Your Pre-Retirement Years - 15 Things You Must Do Between The Ages of 50 and 64
15 most important things you must do during your pre-retirement years - ideas about health and fitness, family relationsips, anti-aging, careers, travel, money and more.
15 most important things you must do during your pre-retirement years - ideas about health and fitness, family relationsips, anti-aging, careers, travel, money and more.
4 Steps To Determine How Much Money You Need To Retire
Are you asking, how much money do I need to retire? Use these 4 steps to determine how much you will need to retire.
Are you asking, how much money do I need to retire? Use these 4 steps to determine how much you will need to retire.
Age 55+ - 4 Things You Need to Know About Retirement Investments
Age 55 or older? Here are the 4 most important things you need to know about retirement investments.
Age 55 or older? Here are the 4 most important things you need to know about retirement investments.
Online Investment Classes Specific to Those Age 55+
Online investment classes and online education about retirement planning. These investment courses provide fantastic information. Everyone nearing retirement should have a basic level of investment education and this is a great place to start.
Online investment classes and online education about retirement planning. These investment courses provide fantastic information. Everyone nearing retirement should have a basic level of investment education and this is a great place to start.
4 Retirement Myths About When And Why To Retire
Retirement is a relatively new concept to society. Explore 4 myths that help promote the idea of retirement.
Retirement is a relatively new concept to society. Explore 4 myths that help promote the idea of retirement.
5 Short Term Retirement Planning Steps
Five steps you must take within five years of retirement.
Five steps you must take within five years of retirement.
Retirement Planning Calculators
Although not a replacement for a good financial planner, retirement planning calculators can help you assess how much you need to save to reach your retirement goals.
Although not a replacement for a good financial planner, retirement planning calculators can help you assess how much you need to save to reach your retirement goals.
10 Retirement Planning Mistakes
Make sure you aren't making any of these ten retirement planning mistakes.
Make sure you aren't making any of these ten retirement planning mistakes.
Social Security: The Difference Between Retirement Age & Stop Work Age
The age at which you stop working and leave the labor force can be different than the retirement age at which you start receiving social security benefits.
The age at which you stop working and leave the labor force can be different than the retirement age at which you start receiving social security benefits.