When you are in the later stages of your career, retirement might be the furthest thing on your mind. It’s no wonder, as many other financial priorities are likely competing for your time and attention.
At this point, many people are thinking about how they will help their kids pay for college. For others, it’s about assisting their aging parents with costly health expenses. Or perhaps paying off debt is top of mind.
But retirement can creep up quickly. For some folks, it can be sooner than they think, whether via a forced early retirement or a layoff that makes it hard to find another job. Read More
Are you at or near the point of needing principal protection? Not everyone has the same psychology of investing, but many people start tapping the brakes on their tolerance for risk as they near retirement. While financial markets had some history-making moments in the 2000s, they saw never-before-swings in 2020, as an example.
Because of the economic and financial disruptions from the novel coronavirus, and resulting investor fears, the stock market had wild swings happen just in a matter of days. Beforehand, it had taken weeks or months to see such market volatility.
Such uncertainty was tough for retirees and for those who are just on the cusp of retirement. According to Pew Research, 10,000 baby boomers reach age 65 each day. That is a trend that started in 2011, and that Pew expects to go on until 2029.
In other words, this uncharted territory can have a lot at stake. If you are nearing retirement, you may be wondering about your own financial future. Perhaps you are thinking about whether you should have some principal protection for some of your retirement money? Read More
Many know Ken Fisher as the Chairman of Fisher Investments, but you might recognize more from his ‘I Hate Annuities’ campaigns. From attention-grabbing TV commercials to spirited digital ads, Fisher hardly runs from controversy.
“I would rather die and go to hell than sell an annuity,” he famously declares in one commercial. But does Fisher really hate annuities this much? More importantly, should you write off annuities for your retirement because of his criticisms of them?
Fisher Investments, a registered investment advisory firm, operates an annuity buyout program. In exchange for investors becoming clients of his firm, Fisher Investments will pay the surrender charges on the variable annuities which the investors are leaving. Read More
There are many types of risks that investors might take in order to achieve their financial goals. They can insure themselves against market risk by having money in safe vehicles such as fixed annuities, Treasury securities, and CDs.
However, at times inflation can be higher than how much money might grow in these lower-risk vehicles, so that must be taken into consideration as well. Some types of financial risk can be reduced or eliminated by diversifying your portfolio while other types of risk are immune to this strategy.
But the most important issue is this: How do you see and perceive risk and then react to it? This is where the psychology of investing comes into play. Here’s a look at how it can affect your money and retirement in different ways. Read More
Just bring up the topic of annuities, and chances are you might have all sorts of reactions. The history of annuities shows that these guaranteed contracts have provided financial security and assurances for a long time.
Annuities didn’t exactly pop up yesterday. In fact, they have been around for thousands of years, providing guaranteed income to pensioners, families, and individuals when they need it most. What’s more, their guarantees can cover more than just lifetime income.
If you are wondering if annuities make sense for your retirement goals, a quick walkthrough of their history can give a good idea of their track record.
Here’s a look at how annuities have provided crucial security, stability, and promises to millions of people across thousands of years of human history. Read More
If you live in the United States, then you know first-hand about taxes that we have to pay. In retirement, those taxes can add up.
Sales tax, income tax, estate tax, and gift tax are just some of the ways that Uncle Sam collects from taxpayers in order to meet his financial obligations.
The subject of taxes is always a hotbutton issue in presidential elections as it is in state elections. With talk of possible tax hikes at present, many people who are retired and nearing retirement are wondering about how they can watch their tax bills.
Fortunately, there are a number of things that you can do to help alleviate, and maybe reduce, the taxes that you owe every year when you file your return.
Here’s a quick, high-level look at the different taxes in retirement that you might face – and what you might want to talk to your financial professional about planning for taxes-wise. Read More
What is the primary reason for you and other retirees to buy an annuity? Millions of people own annuities, but exactly for what purpose? Generally, annuities can provide lifetime income, protection against risk, and long-term growth with tax advantage. They can also offer contractual guarantees for long-term care spending and death benefit proceeds.
Why you might buy an annuity will depend on your age and where you are at in your retirement-planning journey. These contracts can help you solve problems not only with guarantees in retirement, but also with saving up for later goals during your working years. Read More
Millions of Americans depend on annuities for retirement saving, protection, and income. If you are considering an annuity for retirement, the right annuity contract can help make a difference in you reaching your goals. But first, you need to make sure that an annuity truly fits your financial situation and objectives.
The search starts with making sure that you have a solid insurance company issuing your annuity contract. Why is this so crucial? Read More
Tired of leaving your retirement money at risk, especially to stock market corrections or falling interest rates? Learn some effective ways to protect your wealth and minimize risks in our Safe Money Books — at no cost to you. You can request these free materials and discover how you can secure your retirement portfolio with guaranteed income and protection strategies.
Most public discussions and financial media on retirement planning cover accumulating assets and building up savings. They focus on the question of how to achieve a bigger nest egg. But retirement isn’t about accumulating assets — it’s about setting lifestyle goals, securing income to pay for those goals, creating protection strategies to safeguard your money, and managing risks.
Ready to start preparing for a more secure future? Then request this three-part Safe Money Book series now.
Call us at 877.476.9723, toll-free, or click here to request your free, personalized Safe Money book copies.
Inflation may not be the most exciting topic, but nowadays retirees may experience it first-hand for as long as 30 years or more. They can see its real effects on the purchasing power of their money over such an extended period.
Just think of what has happened to the cost of buying a new home over the past 30 years. Inflation has run rampant, and it can have such a big impact on retirement spending that it even warrants protection against it as part of an overall financial plan. Read More
Start a Conversation About Your Retirement What-Ifs
Start a Conversation About Your Retirement What-Ifs
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What Independent Guidance
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Stories from Others
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