Blog - SafeMoney.com

Retirement Planning Blog

on 25 September, 2015

SafeMoneyMasterLogo img

In previous blog posts, we’ve discussed topics such as the growing appeal of fixed index annuities. Changes in the American retirement landscape, such as the shrinking availability of defined-benefit pensions, is prompting many workers and retirees to investigate alternative retirement income vehicles. As a result, total fixed index annuity sales in 2014 shot up 104.3% from total sales figures in 2004, according to Beacon Research ($47 billion in 2014 versus $23 billion in 2004).

But what, then, about CDs? How do fixed index annuities stack up against them? To get a comparative overview of both financial solutions, let’s cover some history as well as key differences.

Read More
on 23 July, 2015

SafeMoneyMasterLogo img

How much should Americans save up for their retirement? It's a question with many variables to consider. One big factor to answering it is future plans. That includes determining what age at which you'll retire.

According to the Center for Retirement Research at Boston College, the average retirement age has increased slightly over the past ten years. Changes in Social Security incentives, a broad switchover to 401(k) plans, greater quality of life, longer life expectancy, and improved education have been influential in the age increase. As a result, the average retirement age has increased to 64 years for men and 62 years for women.

Read More
in Annuity
on 16 September, 2015

SafeMoneyMasterLogo img

In previous blog posts, we’ve discussed financial products offered by insurance carriers, such as annuities. But what if an insurance company fails? What then happens to your money in the annuity or financial solution issued by that insurance carrier?

In the context of “Safe Money” – or money you can’t afford to lose – it’s worthwhile to discuss bank failures as well as insurance company failures. After all, bank options and annuities are two ways of preserving your wealth from the effects of market downturns. They’re means of keeping your hard-earned money safe.

Read More
on 15 July, 2015

SafeMoneyMasterLogo img

According to the U.S. Census Bureau, the United States’ population in 2013 was almost 317 million people. Of that body, 14.1% were individuals aged 65 years and older. Women composed 50.8% of the population and men 49.2%.

There are more people reaching retirement age than ever. And retirement planning is a critical component of having a secure future. But planning for retirement is a different process for women than it is for men. Women have different concerns, needs, and goals, and these differences should be accounted for in their retirement blueprint.

Read More
on 09 September, 2015

SafeMoneyMasterLogo img

In previous posts, we’ve discussed Americans’ concerns about retirement security. Such fears may be tied to general fears, such as running out of money in retirement. But what about Americans’ aspirations for a dream retirement?


Of course retirement interests will vary from person to person. But some nationwide surveys give insights into what seniors desire on the whole. In a recent AARP survey, many people report wanting more than just full-time relaxation or leisure.

Read More
on 08 July, 2015

SafeMoneyMasterLogo img

We've already covered how the retirement landscape in America is changing. One contributing factor is the changes being made to defined-benefit pension plans. In the private sector, defined-benefit pensions simply are disappearing. According to Towers Watson, over the last 15 years there has been a big decline in the number of largest American companies offering new hires defined-benefit pensions. That percentage took a 36-point nosedive from 60 to 24 percent.

Read More
on 12 August, 2015

SafeMoneyMasterLogo img

In a previous blog post, we discussed how a stock market correction could affect retirement money. Of course market downturns aren’t the only factor which can drain retirement funds. Events such as emergency medical situations or unexpected personal crises may also lead to financial duress.

Being prepared is a key fundamental for retirement security. But many people aren’t taking those steps. According to various survey data, by 2030 almost 20 percent of Americans will be over 62 years old – currently the average age at which people retire. Data from the U.S. Census Bureau’s Supplemental Poverty Measure shows around 15% of Americans over 65 years old live below the poverty threshold. Moreover, almost 50% live “near poverty.” Or in other words, they have incomes which are less than twice the poverty threshold.

What’s the Future Look Like?

Read More
on 29 June, 2015

SafeMoneyMasterLogo img

For many people, one of the biggest concerns in retirement is medical expenses. It's easy to understand. According to Ron Mastrogiovanni, CEO of HealthView Searches, a research firm which provides healthcare data to financial advisers, healthcare costs are on the rise. In general, healthcare costs are increasing 5-7% per year.

In a recent white paper from HealthView Services, data indicates healthcare costs will exert a heavy hand on the retirement landscape now and in the future, too. A healthy couple retiring at age 65 this year will require a little over $266,000 to pay for the costs of Medicare Parts B and B and supplemental insurance for their lifetime. Likewise, for a healthy couple that is 55 years old and retiring 10 years from now, those costs will shoot up to roughly $320,000.

Read More
on 29 July, 2015

SafeMoneyMasterLogo img

There are many factors which can influence one’s retirement: healthcare costs, unexpected emergencies, periods of financial duress, or other situations. These variables can have a tremendous impact on a person’s future. It’s important to plan for any such occurrences ahead of time. In a previous blog post, we discussed tips on planning for retirement security.

There’s one factor which can greatly influence a long-term retirement strategy: having an “early” bear market. Or in other words, it’s when a major market correction – or a market downturn – leads to retirement account losses. 

How can an Early Market Downturn Affect Retirement?

Read More
on 17 June, 2015

SafeMoneyMasterLogo img

In the past, we've talked about looming concerns over retirement security. It's no small matter for the American public. According to the Investment Company Institute, at year-end 2014 the United States retirement market had $24 trillion in assets.

Here's what the asset breakdown looked like:

Read More

Proud Member

 FBIC LogoHorizSOFA Logo1

Contact Info

Safe Money Broadcasting Home no glow img

1107 Key Plaza #450
Key West FL, 33040-4077
1.877.476.9723
(877.GROW.SAFE)

Find a Financial Professional

bottom map

;