Planning Retirement

With the Best Annuities Your Retirement Can Set Sail While investing a big portion of your retirement savings in the stock market can be a risky decision, putting some of that money into an annuity can help ensure you have a steady flow of income for life. There are downsides, …

Medicare Part D covers prescription drugs.  You can choose from a variety of plans from private insurers governed by Medicare. In 2017 there will be fewer options.  Twenty two plans will be available, this is the lowest number of options since 2006.  Each plan covers different drugs and have different …

We have a lot of choices to make as we approach, enter and live in retirement.  Making the right retirement decisions will impact our emotional and financial health.The major financial levers you have for retirement security include: how long you work, when you start Social Security, your health and healthcare …

One in five people with multiple pensions has lost track of their savings, new research has found. According to Aegon, more than 6.6 million people may have misplaced some of their retirement savings as a result of having more than one pension. Many people have diverse careers often involving multiple …

The transition to retirement is exciting and scary.  Like all big events — graduations, relocations, marriage, childbirth and more — life will never be the same again. To make your planning for this transformation easier, here is advice from retirement and personal finance experts. Go for Risk and Reward You …

Reverse mortgages are loans — a type of home equity loan. You are borrowing your own home equity while retaining home ownership but unlike a traditional home equity loan, there are no monthly mortgage payments. The money you borrow and interest accumulated is repaid when you no longer reside in …

No matter what the average retirement income 2017 data shows, one thing is for sure: many retirees today are living on remarkably little and many are sacrificing essentials to make ends meet. Where will your retirement income 2017 come from? There is some good news though.  According to Fidelity’s most …

Whether to purchase long-term care insurance or not is a personal decision. Traditionally, many people have opted not to purchase it due to costs and lack of product awareness. But there are definitely some benefits to long-term care insurance, which have brought this product more into the spotlight in recent …

Figuring out what you are going to do in retirement and how you are going to pay for it is not something you do once and just “forget about it.”  You should plan for a quarterly retirement check in. Retirement planning is kind of like owning a house — you …

Most experts agree that we will see rising interest rates in 2017.  Interest rates impact our lives in a wide variety of ways — especially financial. Why Will Interest Rates Rise? Since 2008, interest rates have been at historic lows, below 1 percent. Traditionally, rates have been much much higher …