Interesting Articles from the Web

Smart Ways to Save for Retirement

This article begins with a profound statement: “Retirement isn’t a reward for spending three or four decades working. It’s finding a way to support yourself without a job.” Most of us have likely not viewed retirement as such. But the article provides sound, simple advice about how to save for retirement and how to build your retirement savings to a comfortable level.

Read the article at msn.com 

Retirement Rocky Road Ahead

Could there be a retirement storm brewing? According to this article in the Wall Street Journal, the perfect storm for retirees is indeed brewing. With less money saved, changes ahead for Social Security, and declining pension valuations, retirees over the next 15 years may face dire results.

Make your money last as long as possible with a tax-savvy retirement income plan. Our Retirement Benchmark plan can make your assets, large or small, last longer in retirement.

Read the article at wsj.com 

Protecting Your 401(k)

The range of 401(k) mistakes people often make is huge–from not even starting or not adequately contributing to a plan to tolerating higher-than-necessary fees or poorly allocating a portfolio. These plans remain a great way to save for retirement, particularly if your contributions are matched by your employer. But you bear the responsibility to make sure you are investing your money well. According to a recent survey, very few people take advantage of investment advice offered in conjunction with an employer-sponsored plan. You should take advantage of the advice services offered and make sure your funds are properly allocated given your investment goals. In addition, ask questions about the fees you are paying.

Read the article at forbes.com 

Diversification and Taxes

New diversification for you? This recent article in the Wall Street Journal centers on a “new diversification” that focuses on taxes. We don’t see this as a new concept since we have been espousing the importance of planning and integrating taxes into your investment strategies. We see that account diversification is important, but the key principles are the sections “where to put what” and “when to tap when.” We call these concepts asset location and tax managed withdrawals. It is very important that you “locate” the right investment in the appropriate accounts to minimize taxes as you withdraw to create an income stream. The complexities of integrating taxes into your withdrawal strategy and retirement planning are large. But, doing it well may add years of additional length to your nest egg.

Read the article at wsj.com  

Retirement Savings: Preventing Cracks in Your 401(k) Nest Egg

The range of 401(k) mistakes people often make is huge–from not starting or not adequately contributing to a plan to tolerating higher-than-necessary fees or poorly allocating a portfolio. These plans remain a great way to save for retirement, particularly if your contributions are matched by your employer. But you bear the responsibility to make sure you are investing your money well. According to a recent survey, very few people take advantage of investment advice offered in conjunction with an employer-sponsored plan. You should take advantage of the advice services offered and make sure your funds are properly allocated given your investment goals. In addition, ask questions about the fees you are paying.

Read the article at forbes.com 

Evaluate your target date fund

This article begins with a profound statement: “Retirement isn’t a reward for spending three or four decades working. It’s finding a way to support yourself without a job.” Most of us have likely not viewed retirement as such. But the article provides sound, simple advice about how to save for retirement and how to build your retirement savings to a comfortable level.

Read the Article on usnews.com 

3 Ways To Construct Your Retirement Asset Allocation

This article begins with a profound statement: “Retirement isn’t a reward for spending three or four decades working. It’s finding a way to support yourself without a job.” Most of us have likely not viewed retirement as such. But the article provides sound, simple advice about how to save for retirement and how to build your retirement savings to a comfortable level.

Read the Article on About.com 

Living on Less to Retire Sooner

Lots of gloom and doom retirement news has found its way into the media. A recently released report noted that 47% of Americans say the new American dream is being able to retire at all. But this article offers some practical ways to save more and get to retire sooner.

Read the article at money.usnews.com 

Why Your Retirement May Not Be as Bad as You Think

While there is plenty of information about how bad retirement will be for Baby Boomers, it’s good to read something positive! In this article, there are 5 reasons your retirement won’t be as bad as some media accounts migh lead you to believe. There is still the opportunity for you to have a fulfilling retirement.

Read the article at usnews.com 

“Bridge” Jobs – Working in Retirement

More seniors are working longer – some because they need the money, others because they feel more fulfilled. “Bridge” jobs are those that are less than a full-time career and more than volunteering. And many companies are realizing the value of bridge jobs, creating ways for seniors to continue working part-time. They value the work ethic, enthusiasm and dedication that seniors bring to the workplace.

Read the report at nwtimes.com 

Boomers: Removing the “Retire” from Retirement

The first of the Baby Boomer generation is turning 65 this year. What will that mean as they face retirement? Many of them, like the couple in this article, are facing retirement with a different sense of purpose. Baby Boomers are changing the way we traditionally think of retirement.

Read the report at npr.com 

Advice for Pre-Retirees

If you’re within just a few years of retirement and your nest egg isn’t where you hoped it would be, it’s time for you to make some serious — and possibly sobering — decisions about what to do next. Burying your head in the sand and hoping for a miracle is not your best tactic! This article provides some realistic advice, as well as options to consider, to help you move past being paralyzed to taking action.

Read the article at online.wsj.com 

An SOS for Eldercare Resources

As the world turns to the internet for information and resources, so do families looking for help with eldercare. A number or websites for eldercare resources and information appear at end of this article. “In the era of Facebook and Twitter, families caring for older adults are turning to free social-networking services to help recruit and organize friends and relatives and, ideally, save money.”

Read the article at wsj.com 

Top 10 List for Yearend Financial Tasks

Top 10 year end moves — yes, it’s that time of year where you get lots of lists on things you should do. Here is the list from the Financial Planning Association. It’s good. Think about these opportunities and get help to make sure you save on taxes and are prepared for next year.

Read the article at fpanet.org 

The Whys and Hows of Wills

So often people believe that if they don’t have significant assets, they don’t need a will. That could not be farther from the truth, and wills don’t have to be expensive to establish. This primer on wills from AARP is a great resource for helping you understand what is involved in creating a will and why you need one.

Read the article at aarp.org 

Death may still be certain, but estate tax is up in the air

Legacy Planning in 2010 – Many older retirees are confused about the recent expiration of estate taxes. This article is an overview of planning uncertainty related to estate taxes, cap gains on low basis assets, and gifting before estate taxes are reinstated in 2011.

Read the Article on Vanguard.com 

Annuities: The Pros and Cons

This is a great, unbiased article on the pros and cons of annuities. While we believe they may be appropriate products for some retirees, and only for a portion of their savings, as this interview demonstrates, there a numerous flavors of annuities and they get very complicated. The experts interviewed in this article confirm many of our thoughts about the pros and cons of annuities.

Read the article at morningstar.com 

Reasons Not To Buy Annuities

Annuities have been the leading retirement income strategy for years, primarily because they’ve been one of the few strategies available. But the “guarantee” annuities offer is expensive and may not be a safe as you think. In this article, five reasons to avoid annuities are discussed. Fees, taxes, restrictions, penalties — they all add up to getting less than hoped.

There are other ways to create retirement income without the high taxes, fees, inflexibility and penalties that come with annuities. Talk to us about a tax-smart withdrawal strategy that lets you keep more of your nest egg for longer.

Read the article at usnews.com 

Questions to Ask Before Buying an Annuity

Salesmen who sell annuities stand to make a significant commission on those sales. It’s no wonder they are able to find all of the reasons you should buy one. But there are a number of things you need to ask before considering the puchase of an annuity. This article outlines a number of very important questions–many of which the salesman likely cannot answer.

While there are certainly benefits to annuities, they are expensive. You have to decide if it’s worth paying the high costs for a “guarantee,” when you may be able to do as well without an annuity and without paying a big commission.

Read the article at marketwatch.com 

Is Your Financial Advisor a Fiduciary?

Less than 8% of financial advisors are fiduciaries — meaning they must put your interests before their own. As in the case of many broker/dealers and insurance agents, they sell products and reap commissions from those sales. From our perspective, there is a conflict of interest that exists when a financial advisor earns commission on products sold.

The North American Securities Administrators Association, Inc. (NASAA) supports that the Securities and Exchange Commission should require a uniform fiduciary standard for ALL investment professionals. But there is great opposition from insurance agents and broker/dealers who earn big commissions from what they sell.

Is your investment professional one of the 8%? You should ask.

Read the article at investmentnews.com 

Counting on Your Pension? Why it may not be Enough

Many of us are lucky enough to have a pension as part of our retirement income, and even a small one can be a significant income boost. But pension plans are changing. Many retirees have seen their checks capped, some even reduced, in light of the financial crisis of the past two years.

Will your pension be enough? Are you eligible for Social Security on top of your pension? Will your other savings be enough to fill any gaps? Let our Retirement Benchmark plan help you know what to expect when it’s time to collect your benefits.

Read the article at Smartmoney.com 

Is “Guaranteed Income” the Right Strategy for You?

Creating a stable income stream for retirement is critical, but annuities are by no means the only option. Annuities typically have high fees, don’t offer inflation protection, and lack flexibility if a retiree’s circumstances dramatically change because of illness or another life event. This article discusses why annuities have been so popular–and why they may not be the best strategy for you.

Our Retirement Benchmark plan allows you to compare retirement income strategies side-by-side to determine which one will make your money last longest–and it will help you plan for those unexpected events that require flexibility in your income stream.

Read the article at Smartmoney.com 

Mistakes to Avoid with Reverse Mortgages

Reverse mortgages represent drastic moves some seniors must make in order to have sufficient retirement income. While we rarely recommend them except for as a last resort, there are situations where a reverse mortgage can be beneficial. However, you should always consult tax, legal and financial professionals before proceeding. This article discusses 5 traps to avoid when considering a reverse mortgage.

Read the article at foxbusiness.com 

Use your home equity to generate income

This article summarizes 4 ways to generate income from your home’s equity.
If you’re scrambling to increase your savings for retirement income, you can put your home’s equity to work for you. You can:
1. Buy down to free up equity to apply to your savings
2. Rent out part of it for income
3. Use it to buy a 2-family to rent out one unit and live in the other
4. Reverse mortgage it for income.

If you own a house, you can use its equity to improve your retirement income. There are other ways in addition to these 4. For example, you can tap equity in your home with a Equity Line of Credit. The most important point is that your situation is unique so make sure you get expert advice to create a plan that analyzes the best way for you to create income to pay for your retirement.

Read the Article on ezinearticles.com 

How to Practice Retirement Before Your Retire

Retiree Income’s own Dr. Bill Reichenstein weighs in on why your New Year’s resolution should be to practice retirement.

Read the article at wsj.com 

Suddenly Single and Managing Finances

What would you do if you found yourself suddenly single due to the death of your spouse? Many people don’t know where to begin. This article provides a good introduction to managing your finances and related decisions in such a situation.

Read the article at foxbusiness.com 

Are You Kidding Yourself About Retirement?

Is your retirement plan looking far enough ahead? According to a study by the Society of Actuaries, most people are underestimating their life expectancy by a few years.

Read the article at moneywatch.bnet.com  

New Ways to Live in Retirement

Baby Boomers have changed the way we think about retirement, and they may be changing the way we think about our retirement living arrangements. Here are 3 creative ways to live in retirement

Read the article at smartmoney.com 

Retirement Rocky Road Ahead

Could there be a retirement storm brewing? According to this article in the Wall Street Journal, the perfect storm for retirees is indeed brewing. With less money saved, changes ahead for Social Security, and declining pension valuations, retirees over the next 15 years may face dire results.

Make your money last as long as possible with a tax-savvy retirement income plan. Our Retirement Benchmark plan can make your assets, large or small, last longer in retirement.

Read the article at wsj.com 

Even Financial Planners Make Poor Financial Choices

Stop doing dumb things with your money – we like this article and related Carl Richards drawing. Will you follow the crowd? Retirement planning and this volatile environment takes a different kind of approach. Consider the benefits of a low cost, systematic process that helps you smartly withdrawal your savings tax efficiently to make your money last longer. How are you changing your behavior and adapting to this market as you generate income from your savings?

Read the article at consumerismcommentary.com 

Smart Ways to Save for Retirement

This article begins with a profound statement: “Retirement isn’t a reward for spending three or four decades working. It’s finding a way to support yourself without a job.” Most of us have likely not viewed retirement as such. But the article provides sound, simple advice about how to save for retirement and how to build your retirement savings to a comfortable level. Read the article at msn.com 

Why Your Retirement May Not Be as Bad as You Think

While there is plenty of information about how bad retirement will be for Baby Boomers, it’s good to read something positive! In this article, there are 5 reasons your retirement won’t be as bad as some media accounts migh lead you to believe. There is still the opportunity for you to have a fulfilling retirement.

Read the article at usnews.com 

Boomers: Removing the “Retire” from Retirement

The first of the Baby Boomer generation is turning 65 this year. What will that mean as they face retirement? Many of them, like the couple in this article, are facing retirement with a different sense of purpose. Baby Boomers are changing the way we traditionally think of retirement.

Read the report at npr.com 

“New Normal” for Retirement

The proverb, “One man’s food is another man’s poison,” may never be more fitting a description than with the prediction that Baby Boomers will have to work longer before retiring. This article from Workforce Management clearly outlines the predicted “new normal” for Baby Boomers. On the good side, research shows that, oftentimes, people who continue to work beyond a normal retirement age remain more active and report being happier than those who end their work altogether.

Regardless of when you retire, those who have a formal retirement plan tend to fare better both financially and emotionally. Our Retirement Benchmark plan combines financial planning with lifestyle planning in a way that can extend the spend-down of your savings.

Read the article at workforce.com 

Top 10 List for Yearend Financial Tasks

Top 10 year end moves — yes, it’s that time of year where you get lots of lists on things you should do. Here is the list from the Financial Planning Association. It’s good. Think about these opportunities and get help to make sure you save on taxes and are prepared for next year.

Read the article at fpanet.org 

10 Things You Must Know Before You Retire

This is a great article about the need for planning ahead. While most of us look forward to retirement, few of us stop to consider all of the issues that impact our retirement. This article outlines 10 things you should learn or decide before retiring.

The best news? A Retirement Benchmark Plan can help you consider and plan for each of these 10 items. Get started on yours today!

Read the article at Investopedia.com 

“Stay in the Game” to Reap Investment Rewards

While it has been another crazy time on Wall Street, here is some encouraging news to help you stay the course with your investments. Between October 2008 and June 2011, there was a staggering difference in the gains for those who stuck with their equities and kept contributing vs. those who got our of the market.

Read the article at MarketWatch.com 

Resolving to Retire by 2013

Is one of your New Year’s resolutions to retire in 2013? If so, here’s a great list to remind you of things you need to plan for. If retirement isn’t that close for you, it’s still a good list to make sure you are preparing as you should.

Read the article at money.msn.com  

An SOS for Eldercare Resources

As the world turns to the internet for information and resources, so do families looking for help with eldercare. A number or websites for eldercare resources and information appear at end of this article. “In the era of Facebook and Twitter, families caring for older adults are turning to free social-networking services to help recruit and organize friends and relatives and, ideally, save money.”

Read the article at wsj.com 

Dementia’s Impact Can Be Devastating to Finances

It’s no secret that dementia is difficult to manage medically and emotionally. But this article profiles issues that often occur when dementia impacts finances. Whether it’s a family member who begins making poor financial choices because of dementia or advisors who may not question out-of-the-ordinary requests, financial crises can happen quickly. It’s important that a family member keep tabs on the finances of a loved one–perhaps even requesting power of attorney before trouble happens.

Read the article at smartmoney.com 

Long-Term Care Study Released by Genworth

Most of us really don’t want to be a burden on our children as we age. And while 66% of us will need some type of long-term care, only 35% of us admit that. This study was recently released by Genworth Financial, and it focuses on costs, structure and impacts of long-term care. It is a very revealing study about Americans’ expectations around long-term care and how we want to age.

These are issues you, your family and your financial advisor need to discuss openly. These are events and expenses that can be planned. Knowing that your care will be managed the way you desire and knowing how your finances will be impacted are important. You’ll experience less stress in your retirement years. And if you end up not needing long-term care, all the better! But planning is critical.

Read the article at agewave.com 

Top 10 List for Yearend Financial Tasks

Top 10 year end moves — yes, it’s that time of year where you get lots of lists on things you should do. Here is the list from the Financial Planning Association. It’s good. Think about these opportunities and get help to make sure you save on taxes and are prepared for next year.

Read the article at fpanet.org 

Myths about Medicare

A number of folks believe that Medicare covers a lot more than it actually does cover–particularly in relation to long-term care expenses. In this article, that myth and others about Medicare are discussed.

Read the report at moneywatch.bnet.com 

The Return on Your Social Security “Investment”

There has been a lot of both political and water cooler conversation over the years about the benefits of privatizing Social Security. Are you getting a good return on your “investment” (i.e., the taxes you have paid in over the years)? As this article points out, the answer is that, yes, you are getting a good return on the money. Even after inflation, both Social Security and Medicare give you a positive return on the taxes you’ve paid. Who fares best? Read the article to find out.

Read the report at moneywatch.bnet.com 

Retirees Bracing for Higher Healthcare Costs

If you still have retiree healthcare benefits available through your employer, consider yourself one of the lucky dwindling few. As this article points out, employers are reducing – even dropping – retiree healthcare coverage at record rates. Since 2009, the number of large employers offering retiree healthcare has dropped to only 28%. Compare that to 34% in 2005, and 66% in 1988.

Expect more employers to discontinue retiree healthcare coverage for Medicare eligible employees. Be sure your retirement plan includes a contingency for increasing retiree healthcare coverage and higher medical costs.

Read the article at northjersey.com 

Tips for Picking a Medicare Part D Plan

During Medicare open enrollment between November 15 and December 31, you have the opportunity to select a new Part D prescription drug plan. This article from US News offers seven tips for finding a good plan with perhaps a reduced premium. Be sure to carefully consider your options and make sure the plan you select will cover your necessary medications and meet your other prescription needs.

Read the article at usnews.com 

Courts Broaden Medicare Coverage

In a ruling that may be significant for older Americans with chronic conditions, two federal courts have determined that skilled nursing may be covered by Medicare, even if a patient’s condition is not expected to improve. One court stated, “Medicare will pay for those services if they are needed to maintain a person’s ability to perform routine activities of daily living or to prevent deterioration of the person’s condition…Medicare beneficiaries do not have to prove that their condition will improve, as the government sometimes contends.”

Read the article at nytimes.com 

10 Things You Must Know Before You Retire

This is a great article about the need for planning ahead. While most of us look forward to retirement, few of us stop to consider all of the issues that impact our retirement. This article outlines 10 things you should learn or decide before retiring.

The best news? A Retirement Benchmark Plan can help you consider and plan for each of these 10 items. Get started on yours today!

Read the article at Investopedia.com 

Even Financial Planners Make Poor Financial Choices

Stop doing dumb things with your money – we like this article and related Carl Richards drawing. Will you follow the crowd? Retirement planning and this volatile environment takes a different kind of approach. Consider the benefits of a low cost, systematic process that helps you smartly withdrawal your savings tax efficiently to make your money last longer. How are you changing your behavior and adapting to this market as you generate income from your savings?

Read the article at consumerismcommentary.com 

Retiree Inc. in the Wall Street Journal

Retiree Inc. was recently in the Wall Street Journal. Our head of research and Professor at Baylor University, Bill Reichenstein, was quoted about how you can make your money last up to 7 years longer by integrating smart tax management into how you manage your finances.

Read the article at online.wsj.com 

Kiplinger Recommends Retiree Inc.

Kiplinger recommends our firm! Check out this article from the Senior Editor who talks about how you can keep more of your savings by minimizing taxes. She recommends our planning services which can help you increase your income and make your money last longer.

Read the article at finance.yahoo.com 

Low Interest, Higher Inflation Mean New Tactics for Retirees

Seems we’re between a rock and a hard place with interest down and inflation up. So what’s a retiree to do? This article provides some no-nonsense ways to make your retirement income go farther.

Read the article at marketwatch.com 

Savings Strategies for Singles

Singles face unique challenges in retirement. If you are single, have you made the appropriate plans to be prepared?
This article provides practical advice for doing so.

Read the article at wsj.com 

Smart Ways to Save for Retirement

This article begins with a profound statement: “Retirement isn’t a reward for spending three or four decades working. It’s finding a way to support yourself without a job.” Most of us have likely not viewed retirement as such. But the article provides sound, simple advice about how to save for retirement and how to build your retirement savings to a comfortable level. Read the article at msn.com 

Suddenly Single and Managing Finances

What would you do if you found yourself suddenly single due to the death of your spouse? Many people don’t know where to begin. This article provides a good introduction to managing your finances and related decisions in such a situation.

Read the article at foxbusiness.com 

Evaluate your target date fund

This article begins with a profound statement: “Retirement isn’t a reward for spending three or four decades working. It’s finding a way to support yourself without a job.” Most of us have likely not viewed retirement as such. But the article provides sound, simple advice about how to save for retirement and how to build your retirement savings to a comfortable level.

Read the Article on usnews.com 

Advice for Pre-Retirees

If you’re within just a few years of retirement and your nest egg isn’t where you hoped it would be, it’s time for you to make some serious — and possibly sobering — decisions about what to do next. Burying your head in the sand and hoping for a miracle is not your best tactic! This article provides some realistic advice, as well as options to consider, to help you move past being paralyzed to taking action.

Read the article at online.wsj.com 

10 Things You Must Know Before You Retire

This is a great article about the need for planning ahead. While most of us look forward to retirement, few of us stop to consider all of the issues that impact our retirement. This article outlines 10 things you should learn or decide before retiring.

The best news? A Retirement Benchmark Plan can help you consider and plan for each of these 10 items. Get started on yours today!

Read the article at Investopedia.com 

Is “Guaranteed Income” the Right Strategy for You?

Creating a stable income stream for retirement is critical, but annuities are by no means the only option. Annuities typically have high fees, don’t offer inflation protection, and lack flexibility if a retiree’s circumstances dramatically change because of illness or another life event. This article discusses why annuities have been so popular–and why they may not be the best strategy for you.

Our Retirement Benchmark plan allows you to compare retirement income strategies side-by-side to determine which one will make your money last longest–and it will help you plan for those unexpected events that require flexibility in your income stream.

Read the article at Smartmoney.com 

Counting on Your Pension? Why it may not be Enough

Many of us are lucky enough to have a pension as part of our retirement income, and even a small one can be a significant income boost. But pension plans are changing. Many retirees have seen their checks capped, some even reduced, in light of the financial crisis of the past two years.

Will your pension be enough? Are you eligible for Social Security on top of your pension? Will your other savings be enough to fill any gaps? Let our Retirement Benchmark plan help you know what to expect when it’s time to collect your benefits.

Read the article at Smartmoney.com 

Use your home equity to generate income

This article summarizes 4 ways to generate income from your home’s equity.
If you’re scrambling to increase your savings for retirement income, you can put your home’s equity to work for you. You can:
1. Buy down to free up equity to apply to your savings
2. Rent out part of it for income
3. Use it to buy a 2-family to rent out one unit and live in the other
4. Reverse mortgage it for income.

If you own a house, you can use its equity to improve your retirement income. There are other ways in addition to these 4. For example, you can tap equity in your home with a Equity Line of Credit. The most important point is that your situation is unique so make sure you get expert advice to create a plan that analyzes the best way for you to create income to pay for your retirement.

Read the Article on ezinearticles.com 

Questions to Ask Before Buying an Annuity

Salesmen who sell annuities stand to make a significant commission on those sales. It’s no wonder they are able to find all of the reasons you should buy one. But there are a number of things you need to ask before considering the puchase of an annuity. This article outlines a number of very important questions–many of which the salesman likely cannot answer.

While there are certainly benefits to annuities, they are expensive. You have to decide if it’s worth paying the high costs for a “guarantee,” when you may be able to do as well without an annuity and without paying a big commission.

Read the article at marketwatch.com 

Is Your Financial Advisor a Fiduciary?

Less than 8% of financial advisors are fiduciaries — meaning they must put your interests before their own. As in the case of many broker/dealers and insurance agents, they sell products and reap commissions from those sales. From our perspective, there is a conflict of interest that exists when a financial advisor earns commission on products sold.

The North American Securities Administrators Association, Inc. (NASAA) supports that the Securities and Exchange Commission should require a uniform fiduciary standard for ALL investment professionals. But there is great opposition from insurance agents and broker/dealers who earn big commissions from what they sell.

Is your investment professional one of the 8%? You should ask.

Read the article at investmentnews.com 

Living on Less to Retire Sooner

Lots of gloom and doom retirement news has found its way into the media. A recently released report noted that 47% of Americans say the new American dream is being able to retire at all. But this article offers some practical ways to save more and get to retire sooner.

Read the article at money.usnews.com 

Savings Strategies for Singles

Singles face unique challenges in retirement. If you are single, have you made the appropriate plans to be prepared?
This article provides practical advice for doing so.

Read the article at wsj.com 

Retiree Inc. in the Wall Street Journal

Retiree Inc. was recently in the Wall Street Journal. Our head of research and Professor at Baylor University, Bill Reichenstein, was quoted about how you can make your money last up to 7 years longer by integrating smart tax management into how you manage your finances.

Read the article at online.wsj.com 

Counting on Your Pension? Why it may not be Enough

Many of us are lucky enough to have a pension as part of our retirement income, and even a small one can be a significant income boost. But pension plans are changing. Many retirees have seen their checks capped, some even reduced, in light of the financial crisis of the past two years.

Will your pension be enough? Are you eligible for Social Security on top of your pension? Will your other savings be enough to fill any gaps? Let our Retirement Benchmark plan help you know what to expect when it’s time to collect your benefits.

Read the article at Smartmoney.com 

Even Financial Planners Make Poor Financial Choices

Stop doing dumb things with your money – we like this article and related Carl Richards drawing. Will you follow the crowd? Retirement planning and this volatile environment takes a different kind of approach. Consider the benefits of a low cost, systematic process that helps you smartly withdrawal your savings tax efficiently to make your money last longer. How are you changing your behavior and adapting to this market as you generate income from your savings?

Read the article at consumerismcommentary.com 

“New Normal” for Retirement

The proverb, “One man’s food is another man’s poison,” may never be more fitting a description than with the prediction that Baby Boomers will have to work longer before retiring. This article from Workforce Management clearly outlines the predicted “new normal” for Baby Boomers. On the good side, research shows that, oftentimes, people who continue to work beyond a normal retirement age remain more active and report being happier than those who end their work altogether.

Regardless of when you retire, those who have a formal retirement plan tend to fare better both financially and emotionally. Our Retirement Benchmark plan combines financial planning with lifestyle planning in a way that can extend the spend-down of your savings.

Read the article at workforce.com 

Why Couples Don’t Plan for Retirement

We post often about the importance of planning. So many couples either don’t plan or only one of them is involved in the planning. Unfortuntately, as this article points out, we can do without some things we consider important (like a new phone or computer), but we just can’t do without money–especially in retirement. Planning is the key to the retirement you are dreaming of!

Read the article at reuters.com 

Boomers: Removing the “Retire” from Retirement

The first of the Baby Boomer generation is turning 65 this year. What will that mean as they face retirement? Many of them, like the couple in this article, are facing retirement with a different sense of purpose. Baby Boomers are changing the way we traditionally think of retirement.

Read the report at npr.com 

Questions to Ask Before Buying an Annuity

Salesmen who sell annuities stand to make a significant commission on those sales. It’s no wonder they are able to find all of the reasons you should buy one. But there are a number of things you need to ask before considering the puchase of an annuity. This article outlines a number of very important questions–many of which the salesman likely cannot answer.

While there are certainly benefits to annuities, they are expensive. You have to decide if it’s worth paying the high costs for a “guarantee,” when you may be able to do as well without an annuity and without paying a big commission.

Read the article at marketwatch.com 

Top 10 List for Yearend Financial Tasks

Top 10 year end moves — yes, it’s that time of year where you get lots of lists on things you should do. Here is the list from the Financial Planning Association. It’s good. Think about these opportunities and get help to make sure you save on taxes and are prepared for next year.

Read the article at fpanet.org 

How a Financial Advisor can Help You

As this article so deftly points out, your financial advisor should be like a personal trainer for your financial health. Your advisor should understand your long-term and short-term financial goals and help you create a plan to reach them. But long-term financial health requires more. You must be disciplined and committed. This article helps you know more about working with an advisor.

Read the article at usnews.com 

Is “Guaranteed Income” the Right Strategy for You?

Creating a stable income stream for retirement is critical, but annuities are by no means the only option. Annuities typically have high fees, don’t offer inflation protection, and lack flexibility if a retiree’s circumstances dramatically change because of illness or another life event. This article discusses why annuities have been so popular–and why they may not be the best strategy for you.

Our Retirement Benchmark plan allows you to compare retirement income strategies side-by-side to determine which one will make your money last longest–and it will help you plan for those unexpected events that require flexibility in your income stream.

Read the article at Smartmoney.com 

Suddenly Single and Managing Finances

What would you do if you found yourself suddenly single due to the death of your spouse? Many people don’t know where to begin. This article provides a good introduction to managing your finances and related decisions in such a situation.

Read the article at foxbusiness.com 

Living on Less to Retire Sooner

Lots of gloom and doom retirement news has found its way into the media. A recently released report noted that 47% of Americans say the new American dream is being able to retire at all. But this article offers some practical ways to save more and get to retire sooner.

Read the article at money.usnews.com 

Six Paths to Retirement

We think this research is interesting. The traditional retirement or stopping work entirely is no longer typical. This qualitative research outlines 6 paths retirees take into retirement from completely stopping work, to part time work, to self employment. Working can impact your Social Security benefits, taxation, and your withdrawal plan. Make sure your retirement plan integrates all these elements.

Read the report at vanguard.com 

Why Your Retirement May Not Be as Bad as You Think

While there is plenty of information about how bad retirement will be for Baby Boomers, it’s good to read something positive! In this article, there are 5 reasons your retirement won’t be as bad as some media accounts migh lead you to believe. There is still the opportunity for you to have a fulfilling retirement.

Read the article at usnews.com 

10 Things You Must Know Before You Retire

This is a great article about the need for planning ahead. While most of us look forward to retirement, few of us stop to consider all of the issues that impact our retirement. This article outlines 10 things you should learn or decide before retiring.

The best news? A Retirement Benchmark Plan can help you consider and plan for each of these 10 items. Get started on yours today!

Read the article at Investopedia.com 

Six Paths to Retirement

We think this research is interesting. The traditional retirement or stopping work entirely is no longer typical. This qualitative research outlines 6 paths retirees take into retirement from completely stopping work, to part time work, to self employment. Working can impact your Social Security benefits, taxation, and your withdrawal plan. Make sure your retirement plan integrates all these elements.

Read the report at vanguard.com 

Financial Thanksgiving

Even in the midst of our economic woes, we have much to be thankful for. As the writer of this article points out, we can indeed give some financial thanks.

Read the article at moneywatch.bnet.com 

Resolving to Retire by 2013

Is one of your New Year’s resolutions to retire in 2013? If so, here’s a great list to remind you of things you need to plan for. If retirement isn’t that close for you, it’s still a good list to make sure you are preparing as you should.

Read the article at money.msn.com  

Retiree Inc. in the Wall Street Journal

Retiree Inc. was recently in the Wall Street Journal. Our head of research and Professor at Baylor University, Bill Reichenstein, was quoted about how you can make your money last up to 7 years longer by integrating smart tax management into how you manage your finances.

Read the article at online.wsj.com 

Retiree Inc. Founder to be Featured Speaker at Symposium

The Financial Planning Association (FPA) recently announced this event where our founder Bill Meyer will be a featured speaker. If you are an advisor, come to this event to hear about our impending research that will soon be publishd in the Journal of Wealth Management. We continue to develop innovative ways to help Baby Boomers increase their income and make their savings last longer.

Read the article at pitchengine.com 

Consistency in Saving Pays Off

Finally some good news about 401(k) savers. The average balance for those who consistently contribute has gone up from $59,100 in December 2000, to $183,100 in December 2010. Workers still are not contributing enough, but the study does demonstrate that consistency in saving over years of working pays huge dividends (pun intended) when it’s time to retire.

Read the article at financialadvisormagazine.com 

Living on Less to Retire Sooner

Lots of gloom and doom retirement news has found its way into the media. A recently released report noted that 47% of Americans say the new American dream is being able to retire at all. But this article offers some practical ways to save more and get to retire sooner.

Read the article at money.usnews.com 

Advice for Pre-Retirees

If you’re within just a few years of retirement and your nest egg isn’t where you hoped it would be, it’s time for you to make some serious — and possibly sobering — decisions about what to do next. Burying your head in the sand and hoping for a miracle is not your best tactic! This article provides some realistic advice, as well as options to consider, to help you move past being paralyzed to taking action.

Read the article at online.wsj.com 

Kiplinger Recommends Retiree Inc.

Kiplinger recommends our firm! Check out this article from the Senior Editor who talks about how you can keep more of your savings by minimizing taxes. She recommends our planning services which can help you increase your income and make your money last longer.

Read the article at finance.yahoo.com 

Suddenly Single and Managing Finances

What would you do if you found yourself suddenly single due to the death of your spouse? Many people don’t know where to begin. This article provides a good introduction to managing your finances and related decisions in such a situation.

Read the article at foxbusiness.com 

Savings Strategies for Singles

Singles face unique challenges in retirement. If you are single, have you made the appropriate plans to be prepared?
This article provides practical advice for doing so.

Read the article at wsj.com 

Retirement Planning for Age 60 and Beyond

As this article outlines, if retirement is almost here for you, then it’s time for you to begin a series of preparations: pick a date, decide if you’ll work part-time, consider long-term care insurance, plan your income.

Plan your income? That’s right! You’ve worked hard to accumulate savings, and turning it into income can be tricky. You can choose an annuity, but the fees can be excessive. You can choose the “buckets of money” strategy, but will it make your money last longest? Our Retirement Benchmark plan will show you each strategy side-by-side so you can choose your best income plan before you commit.

Read the article at dailyfinance.com 

Annuities: The Pros and Cons

This is a great, unbiased article on the pros and cons of annuities. While we believe they may be appropriate products for some retirees, and only for a portion of their savings, as this interview demonstrates, there a numerous flavors of annuities and they get very complicated. The experts interviewed in this article confirm many of our thoughts about the pros and cons of annuities.

Read the article at morningstar.com 

Dementia’s Impact Can Be Devastating to Finances

It’s no secret that dementia is difficult to manage medically and emotionally. But this article profiles issues that often occur when dementia impacts finances. Whether it’s a family member who begins making poor financial choices because of dementia or advisors who may not question out-of-the-ordinary requests, financial crises can happen quickly. It’s important that a family member keep tabs on the finances of a loved one–perhaps even requesting power of attorney before trouble happens.

Read the article at smartmoney.com 

Low Interest, Higher Inflation Mean New Tactics for Retirees

Seems we’re between a rock and a hard place with interest down and inflation up. So what’s a retiree to do? This article provides some no-nonsense ways to make your retirement income go farther.

Read the article at marketwatch.com 

Even Financial Planners Make Poor Financial Choices

Stop doing dumb things with your money – we like this article and related Carl Richards drawing. Will you follow the crowd? Retirement planning and this volatile environment takes a different kind of approach. Consider the benefits of a low cost, systematic process that helps you smartly withdrawal your savings tax efficiently to make your money last longer. How are you changing your behavior and adapting to this market as you generate income from your savings?

Read the article at consumerismcommentary.com 

Living on Less to Retire Sooner

Lots of gloom and doom retirement news has found its way into the media. A recently released report noted that 47% of Americans say the new American dream is being able to retire at all. But this article offers some practical ways to save more and get to retire sooner.

Read the article at money.usnews.com 

Questions to Ask Before Buying an Annuity

Salesmen who sell annuities stand to make a significant commission on those sales. It’s no wonder they are able to find all of the reasons you should buy one. But there are a number of things you need to ask before considering the puchase of an annuity. This article outlines a number of very important questions–many of which the salesman likely cannot answer.

While there are certainly benefits to annuities, they are expensive. You have to decide if it’s worth paying the high costs for a “guarantee,” when you may be able to do as well without an annuity and without paying a big commission.

Read the article at marketwatch.com 

Is “Guaranteed Income” the Right Strategy for You?

Creating a stable income stream for retirement is critical, but annuities are by no means the only option. Annuities typically have high fees, don’t offer inflation protection, and lack flexibility if a retiree’s circumstances dramatically change because of illness or another life event. This article discusses why annuities have been so popular–and why they may not be the best strategy for you.

Our Retirement Benchmark plan allows you to compare retirement income strategies side-by-side to determine which one will make your money last longest–and it will help you plan for those unexpected events that require flexibility in your income stream.

Read the article at Smartmoney.com 

Diversification and Taxes

New diversification for you? This recent article in the Wall Street Journal centers on a “new diversification” that focuses on taxes. We don’t see this as a new concept since we have been espousing the importance of planning and integrating taxes into your investment strategies. We see that account diversification is important, but the key principles are the sections “where to put what” and “when to tap when.” We call these concepts asset location and tax managed withdrawals. It is very important that you “locate” the right investment in the appropriate accounts to minimize taxes as you withdraw to create an income stream. The complexities of integrating taxes into your withdrawal strategy and retirement planning are large. But, doing it well may add years of additional length to your nest egg.

Read the article at wsj.com  

Retirement Savings: Preventing Cracks in Your 401(k) Nest Egg

The range of 401(k) mistakes people often make is huge–from not starting or not adequately contributing to a plan to tolerating higher-than-necessary fees or poorly allocating a portfolio. These plans remain a great way to save for retirement, particularly if your contributions are matched by your employer. But you bear the responsibility to make sure you are investing your money well. According to a recent survey, very few people take advantage of investment advice offered in conjunction with an employer-sponsored plan. You should take advantage of the advice services offered and make sure your funds are properly allocated given your investment goals. In addition, ask questions about the fees you are paying.

Read the article at forbes.com 

Smart Ways to Save for Retirement

This article begins with a profound statement: “Retirement isn’t a reward for spending three or four decades working. It’s finding a way to support yourself without a job.” Most of us have likely not viewed retirement as such. But the article provides sound, simple advice about how to save for retirement and how to build your retirement savings to a comfortable level. Read the article at msn.com 

The Benefits of a Roth IRA

Roth IRAs have been a hot topic in the financial industry for some time now. This article explains why Roth IRAs are catching on, and especially so for young people saving for retirement. There are lots of reasons a Roth IRA makes sense for retirement savings.

Read the article at money.usnews.com 

Retirement Rocky Road Ahead

Could there be a retirement storm brewing? According to this article in the Wall Street Journal, the perfect storm for retirees is indeed brewing. With less money saved, changes ahead for Social Security, and declining pension valuations, retirees over the next 15 years may face dire results.

Make your money last as long as possible with a tax-savvy retirement income plan. Our Retirement Benchmark plan can make your assets, large or small, last longer in retirement.

Read the article at wsj.com 

Protecting Your 401(k)

The range of 401(k) mistakes people often make is huge–from not even starting or not adequately contributing to a plan to tolerating higher-than-necessary fees or poorly allocating a portfolio. These plans remain a great way to save for retirement, particularly if your contributions are matched by your employer. But you bear the responsibility to make sure you are investing your money well. According to a recent survey, very few people take advantage of investment advice offered in conjunction with an employer-sponsored plan. You should take advantage of the advice services offered and make sure your funds are properly allocated given your investment goals. In addition, ask questions about the fees you are paying.

Read the article at forbes.com 

Advice for Pre-Retirees

If you’re within just a few years of retirement and your nest egg isn’t where you hoped it would be, it’s time for you to make some serious — and possibly sobering — decisions about what to do next. Burying your head in the sand and hoping for a miracle is not your best tactic! This article provides some realistic advice, as well as options to consider, to help you move past being paralyzed to taking action.

Read the article at online.wsj.com 

Using Unemployed Time Well

Most of us wouldn’t think about using our time of unemployment to do some financial housecleaning, but that’s just what this article advocates. Surprisingly, it can make a difference in multiple areas of life.

Read the article at sfgate.com 

Does a Roth Conversion Always Make Sense?

Converting to Roth IRAs has been all the buzz in the media this year. But is it always prudent? This article provides 5 scenarios in which a Roth conversion is likely not prudent.

Read the article at foxbusiness.com 

Reasons Not To Buy Annuities

Annuities have been the leading retirement income strategy for years, primarily because they’ve been one of the few strategies available. But the “guarantee” annuities offer is expensive and may not be a safe as you think. In this article, five reasons to avoid annuities are discussed. Fees, taxes, restrictions, penalties — they all add up to getting less than hoped.

There are other ways to create retirement income without the high taxes, fees, inflexibility and penalties that come with annuities. Talk to us about a tax-smart withdrawal strategy that lets you keep more of your nest egg for longer.

Read the article at usnews.com 

Universal Life for “Tax-Free” Retirement? Not So Fast

Can universal life products really offer a “tax-free” retirement? While there may be advantages, this column in the Austin American Statesman provides a good explanation about taxes in retirement and why universal life insurance is not the best choice.

Read the article at statesman.com 

Roth tips from “the expert” – open account today to start the clock

Roth IRA conversion “Tips and Traps” – A good video from Natalie Choate, one of the leading retirement experts in the country. A lot has been written about Roth conversions and you will hear more as the Bush tax cuts will likely go away next year resulting in an increase in taxes.

The video highlights a key rule regarding Roth IRAs – you can access your money from a Roth tax free only after the money has been in the account for 5 years. Natalie recommends opening a Roth now regardless of whether you end up funding (putting money into the account) to “start the clock.” You may not know whether a Roth will be an important part of your retirement plan. You may not know whether tax will increase and you can leverage a Roth. However, we agree with Natalie that is makes sense to open a Roth especially if you are close to retirement age or the time where you will need to withdrawal assets from your savings to live on. Setting up this account begins the 5 year waiting period and gives you an option to use this account type within your retirement plan.

Roth conversions are complicated and a number of assumptions about taxes are important to consider. Check out our Learning Center at RetireeIncome.com for more information or contact us if you need help evaluating difference scenarios around full and partial conversion to a Roth.

Read the Article on investmentnews.com 

Mistakes to Avoid with Reverse Mortgages

Reverse mortgages represent drastic moves some seniors must make in order to have sufficient retirement income. While we rarely recommend them except for as a last resort, there are situations where a reverse mortgage can be beneficial. However, you should always consult tax, legal and financial professionals before proceeding. This article discusses 5 traps to avoid when considering a reverse mortgage.

Read the article at foxbusiness.com 

Use your home equity to generate income

This article summarizes 4 ways to generate income from your home’s equity.
If you’re scrambling to increase your savings for retirement income, you can put your home’s equity to work for you. You can:
1. Buy down to free up equity to apply to your savings
2. Rent out part of it for income
3. Use it to buy a 2-family to rent out one unit and live in the other
4. Reverse mortgage it for income.

If you own a house, you can use its equity to improve your retirement income. There are other ways in addition to these 4. For example, you can tap equity in your home with a Equity Line of Credit. The most important point is that your situation is unique so make sure you get expert advice to create a plan that analyzes the best way for you to create income to pay for your retirement.

Read the Article on ezinearticles.com 

Top 10 List for Yearend Financial Tasks

Top 10 year end moves — yes, it’s that time of year where you get lots of lists on things you should do. Here is the list from the Financial Planning Association. It’s good. Think about these opportunities and get help to make sure you save on taxes and are prepared for next year.

Read the article at fpanet.org 

Does a Roth Conversion Always Make Sense?

Converting to Roth IRAs has been all the buzz in the media this year. But is it always prudent? This article provides 5 scenarios in which a Roth conversion is likely not prudent.

Read the article at foxbusiness.com 

The Benefits of a Roth IRA

Roth IRAs have been a hot topic in the financial industry for some time now. This article explains why Roth IRAs are catching on, and especially so for young people saving for retirement. There are lots of reasons a Roth IRA makes sense for retirement savings.

Read the article at money.usnews.com 

Roth tips from “the expert” – open account today to start the clock

Roth IRA conversion “Tips and Traps” – A good video from Natalie Choate, one of the leading retirement experts in the country. A lot has been written about Roth conversions and you will hear more as the Bush tax cuts will likely go away next year resulting in an increase in taxes.

The video highlights a key rule regarding Roth IRAs – you can access your money from a Roth tax free only after the money has been in the account for 5 years. Natalie recommends opening a Roth now regardless of whether you end up funding (putting money into the account) to “start the clock.” You may not know whether a Roth will be an important part of your retirement plan. You may not know whether tax will increase and you can leverage a Roth. However, we agree with Natalie that is makes sense to open a Roth especially if you are close to retirement age or the time where you will need to withdrawal assets from your savings to live on. Setting up this account begins the 5 year waiting period and gives you an option to use this account type within your retirement plan.

Roth conversions are complicated and a number of assumptions about taxes are important to consider. Check out our Learning Center at RetireeIncome.com for more information or contact us if you need help evaluating difference scenarios around full and partial conversion to a Roth.

Read the Article on investmentnews.com 

Living on Less to Retire Sooner

Lots of gloom and doom retirement news has found its way into the media. A recently released report noted that 47% of Americans say the new American dream is being able to retire at all. But this article offers some practical ways to save more and get to retire sooner.

Read the article at money.usnews.com 

Advice for Pre-Retirees

If you’re within just a few years of retirement and your nest egg isn’t where you hoped it would be, it’s time for you to make some serious — and possibly sobering — decisions about what to do next. Burying your head in the sand and hoping for a miracle is not your best tactic! This article provides some realistic advice, as well as options to consider, to help you move past being paralyzed to taking action.

Read the article at online.wsj.com 

New Ways to Live in Retirement

Baby Boomers have changed the way we think about retirement, and they may be changing the way we think about our retirement living arrangements. Here are 3 creative ways to live in retirement

Read the article at smartmoney.com 

The Changing Expectations of Baby Boomers

Although written for advisors, this blog article provides a realistic opinion on the the expectations of Baby Boomers’ retirement spending. The conclusion? That Baby Boomers will pay more attention to longevity of their assets rather than returns on their portfolios.

That’s our expertise at Retiree Inc.: Making retirement assets last as long as possible. Our Retirement Benchmark plan is a tool for tax-efficiently drawing down assets to create an income stream in retirement. It’s not about a product. It’s about making your assets last as long as possible.

Read the report at csmonitor.com 

Worst States for Retirement

Retirees often have to make trade-offs in their expenses to manage their spending, and the taxes in some states make it much worse. We help retirees evaluate the impact of differing tax and expense scenarios. Make sure you understand the impact of where you live on your withdrawal plan.

Read the article at finance.yahoo.com 

Smart Ways to Save for Retirement

This article begins with a profound statement: “Retirement isn’t a reward for spending three or four decades working. It’s finding a way to support yourself without a job.” Most of us have likely not viewed retirement as such. But the article provides sound, simple advice about how to save for retirement and how to build your retirement savings to a comfortable level. Read the article at msn.com 

Counting on Your Pension? Why it may not be Enough

Many of us are lucky enough to have a pension as part of our retirement income, and even a small one can be a significant income boost. But pension plans are changing. Many retirees have seen their checks capped, some even reduced, in light of the financial crisis of the past two years.

Will your pension be enough? Are you eligible for Social Security on top of your pension? Will your other savings be enough to fill any gaps? Let our Retirement Benchmark plan help you know what to expect when it’s time to collect your benefits.

Read the article at Smartmoney.com 

How a Financial Advisor can Help You

As this article so deftly points out, your financial advisor should be like a personal trainer for your financial health. Your advisor should understand your long-term and short-term financial goals and help you create a plan to reach them. But long-term financial health requires more. You must be disciplined and committed. This article helps you know more about working with an advisor.

Read the article at usnews.com 

Financial Thanksgiving

Even in the midst of our economic woes, we have much to be thankful for. As the writer of this article points out, we can indeed give some financial thanks.

Read the article at moneywatch.bnet.com 

Low Interest, Higher Inflation Mean New Tactics for Retirees

Seems we’re between a rock and a hard place with interest down and inflation up. So what’s a retiree to do? This article provides some no-nonsense ways to make your retirement income go farther.

Read the article at marketwatch.com 

Our Social Security Tool in the Press

Tara Siegel Bernard, reporter for the New York Times, has reviewed our new Social Security tool in her blog. Take a look at what she has to say, and visit the site at www.SocialSecuritySolutions.com.

Read the article at nytimes.com 

Strategies to Reduce Taxes on Social Security

Taxes on Social Security can really hurt you. It is worth analyzing your “provisional income” to see if you can reduce your taxes on Social Security. There are 3 calculations or tests…if you are near the thresholds outlined in this article you may be able to reduce your tax liability significantly. We are experts in this niche. Call us if you need help on these complicated tax calculations.

Read the article at kiplinger.com 

Social Security Implications for Working During Retirement

Lots of confusion persists about the tax and Social Security implications of working in retirement. This video from MarketWatch features two experts, Elaine Floyd of Horsesmouth and Michael Kitces of the Kitces Report, discussing what’s true with what’s not true about working in retirement.

Watch the video at marketwatch.com 

Upcoming Changes to Social Security

As this article outlines, 2011 will bring (at least) four benefit claiming changes to the Social Security system.

Read the article at money.usnews.com 

Annuities: The Pros and Cons

A little-used provision of the Social Security Administration will now be limited. The Administration has announced that retirees who want to withdraw their application for benefits and refile must do so within one year of their initial application. In addition, beneficiaries will be limited to only one withdrawal. This, for all intents and purposes, kills the “do over” option for retirees. The new rules are effective immediately.

Read the article at forbes.com 

The Return on Your Social Security “Investment”

There has been a lot of both political and water cooler conversation over the years about the benefits of privatizing Social Security. Are you getting a good return on your “investment” (i.e., the taxes you have paid in over the years)? As this article points out, the answer is that, yes, you are getting a good return on the money. Even after inflation, both Social Security and Medicare give you a positive return on the taxes you’ve paid. Who fares best? Read the article to find out.

Read the report at moneywatch.bnet.com 

Annuities: The Pros and Cons

This is a great, unbiased article on the pros and cons of annuities. While we believe they may be appropriate products for some retirees, and only for a portion of their savings, as this interview demonstrates, there a numerous flavors of annuities and they get very complicated. The experts interviewed in this article confirm many of our thoughts about the pros and cons of annuities.

Read the article at morningstar.com 

Universal Life for “Tax-Free” Retirement? Not So Fast

Can universal life products really offer a “tax-free” retirement? While there may be advantages, this column in the Austin American Statesman provides a good explanation about taxes in retirement and why universal life insurance is not the best choice.

Read the article at statesman.com 

Kiplinger Recommends Retiree Inc.

Kiplinger recommends our firm! Check out this article from the Senior Editor who talks about how you can keep more of your savings by minimizing taxes. She recommends our planning services which can help you increase your income and make your money last longer.

Read the article at finance.yahoo.com 

Strategies to Reduce Taxes on Social Security

Taxes on Social Security can really hurt you. It is worth analyzing your “provisional income” to see if you can reduce your taxes on Social Security. There are 3 calculations or tests…if you are near the thresholds outlined in this article you may be able to reduce your tax liability significantly. We are experts in this niche. Call us if you need help on these complicated tax calculations.

Read the article at kiplinger.com 

Diversification and Taxes

New diversification for you? This recent article in the Wall Street Journal centers on a “new diversification” that focuses on taxes. We don’t see this as a new concept since we have been espousing the importance of planning and integrating taxes into your investment strategies. We see that account diversification is important, but the key principles are the sections “where to put what” and “when to tap when.” We call these concepts asset location and tax managed withdrawals. It is very important that you “locate” the right investment in the appropriate accounts to minimize taxes as you withdraw to create an income stream. The complexities of integrating taxes into your withdrawal strategy and retirement planning are large. But, doing it well may add years of additional length to your nest egg.

Read the article at wsj.com  

Worst States for Retirement

Retirees often have to make trade-offs in their expenses to manage their spending, and the taxes in some states make it much worse. We help retirees evaluate the impact of differing tax and expense scenarios. Make sure you understand the impact of where you live on your withdrawal plan.

Read the article at finance.yahoo.com 

Death may still be certain, but estate tax is up in the air

Legacy Planning in 2010 – Many older retirees are confused about the recent expiration of estate taxes. This article is an overview of planning uncertainty related to estate taxes, cap gains on low basis assets, and gifting before estate taxes are reinstated in 2011.

Read the Article on Vanguard.com 

Top 10 List for Yearend Financial Tasks

Top 10 year end moves — yes, it’s that time of year where you get lots of lists on things you should do. Here is the list from the Financial Planning Association. It’s good. Think about these opportunities and get help to make sure you save on taxes and are prepared for next year.

Read the article at fpanet.org 

The “Magic” Numbers of Retirement Really Aren’t

We like this article. Changes in the ecomony over the past 2 years have challenged retirement “rules of thumb,” and industry experts (along with retirees) are learning that long-held “magic” numbers aren’t so magic after all. Your retirement income strategy should be based on a holistic look at all of your assets and the lifestyle you want during your retirement years. It should combine tax efficiency with sound wealth management. It should include a plan to make optimal Social Security selections. It should be focused on you–not a few numbers. Our Retirement Benchmark plan will show you how a personalized strategy can make a difference in how long your savings will last compared to the “magic” numbers.

Read the article at MSN.com 

Time to replace the 4% withdrawal rule (Robert Powell – MarketWatch)

The 4% rule is only a helpful guideline – a Nobel Prize winner agrees. We believe you need a withdrawal strategy that looks across all your accounts and is tax sensitive.

Read the Article on MarketWatch.com 

Retiree Inc. Founder to be Featured Speaker at Symposium

The Financial Planning Association (FPA) recently announced this event where our founder Bill Meyer will be a featured speaker. If you are an advisor, come to this event to hear about our impending research that will soon be publishd in the Journal of Wealth Management. We continue to develop innovative ways to help Baby Boomers increase their income and make their savings last longer.

Read the article at pitchengine.com 

Universal Life for “Tax-Free” Retirement? Not So Fast

Can universal life products really offer a “tax-free” retirement? While there may be advantages, this column in the Austin American Statesman provides a good explanation about taxes in retirement and why universal life insurance is not the best choice.

Read the article at statesman.com 

Questions to Ask Before Buying an Annuity

Salesmen who sell annuities stand to make a significant commission on those sales. It’s no wonder they are able to find all of the reasons you should buy one. But there are a number of things you need to ask before considering the puchase of an annuity. This article outlines a number of very important questions–many of which the salesman likely cannot answer.

While there are certainly benefits to annuities, they are expensive. You have to decide if it’s worth paying the high costs for a “guarantee,” when you may be able to do as well without an annuity and without paying a big commission.

Read the article at marketwatch.com 

Kiplinger Recommends Retiree Inc.

Kiplinger recommends our firm! Check out this article from the Senior Editor who talks about how you can keep more of your savings by minimizing taxes. She recommends our planning services which can help you increase your income and make your money last longer.

Read the article at finance.yahoo.com 

Retirement Planning for Age 60 and Beyond

As this article outlines, if retirement is almost here for you, then it’s time for you to begin a series of preparations: pick a date, decide if you’ll work part-time, consider long-term care insurance, plan your income.

Plan your income? That’s right! You’ve worked hard to accumulate savings, and turning it into income can be tricky. You can choose an annuity, but the fees can be excessive. You can choose the “buckets of money” strategy, but will it make your money last longest? Our Retirement Benchmark plan will show you each strategy side-by-side so you can choose your best income plan before you commit.

Read the article at dailyfinance.com 

Low Interest, Higher Inflation Mean New Tactics for Retirees

Seems we’re between a rock and a hard place with interest down and inflation up. So what’s a retiree to do? This article provides some no-nonsense ways to make your retirement income go farther.

Read the article at marketwatch.com 

Retiree Inc. in the Wall Street Journal

Retiree Inc. was recently in the Wall Street Journal. Our head of research and Professor at Baylor University, Bill Reichenstein, was quoted about how you can make your money last up to 7 years longer by integrating smart tax management into how you manage your finances.

Read the article at online.wsj.com 

Counting on Your Pension? Why it may not be Enough

Many of us are lucky enough to have a pension as part of our retirement income, and even a small one can be a significant income boost. But pension plans are changing. Many retirees have seen their checks capped, some even reduced, in light of the financial crisis of the past two years.

Will your pension be enough? Are you eligible for Social Security on top of your pension? Will your other savings be enough to fill any gaps? Let our Retirement Benchmark plan help you know what to expect when it’s time to collect your benefits.

Read the article at Smartmoney.com 

Is “Guaranteed Income” the Right Strategy for You?

Creating a stable income stream for retirement is critical, but annuities are by no means the only option. Annuities typically have high fees, don’t offer inflation protection, and lack flexibility if a retiree’s circumstances dramatically change because of illness or another life event. This article discusses why annuities have been so popular–and why they may not be the best strategy for you.

Our Retirement Benchmark plan allows you to compare retirement income strategies side-by-side to determine which one will make your money last longest–and it will help you plan for those unexpected events that require flexibility in your income stream.

Read the article at Smartmoney.com 

Reasons Not To Buy Annuities

Annuities have been the leading retirement income strategy for years, primarily because they’ve been one of the few strategies available. But the “guarantee” annuities offer is expensive and may not be a safe as you think. In this article, five reasons to avoid annuities are discussed. Fees, taxes, restrictions, penalties — they all add up to getting less than hoped.

There are other ways to create retirement income without the high taxes, fees, inflexibility and penalties that come with annuities. Talk to us about a tax-smart withdrawal strategy that lets you keep more of your nest egg for longer.

Read the article at usnews.com 

“New Normal” for Retirement

The proverb, “One man’s food is another man’s poison,” may never be more fitting a description than with the prediction that Baby Boomers will have to work longer before retiring. This article from Workforce Management clearly outlines the predicted “new normal” for Baby Boomers. On the good side, research shows that, oftentimes, people who continue to work beyond a normal retirement age remain more active and report being happier than those who end their work altogether.

Regardless of when you retire, those who have a formal retirement plan tend to fare better both financially and emotionally. Our Retirement Benchmark plan combines financial planning with lifestyle planning in a way that can extend the spend-down of your savings.

Read the article at workforce.com 

“Bridge” Jobs – Working in Retirement

More seniors are working longer – some because they need the money, others because they feel more fulfilled. “Bridge” jobs are those that are less than a full-time career and more than volunteering. And many companies are realizing the value of bridge jobs, creating ways for seniors to continue working part-time. They value the work ethic, enthusiasm and dedication that seniors bring to the workplace.

Read the report at nwtimes.com 

Jobs for Snowbirds Who Work in Retirement

If you are a “snowbird” – a retiree who moves temporarily to warmer climates in winter – here are some interesting possibilities for part-time employment in those warm locations. Many seniors are working longer – whether because they need the money or just because they enjoy the connection to others. Working in retirement is becoming increasingly widespread.

Read the report at aarp.org 

Boomers: Removing the “Retire” from Retirement

The first of the Baby Boomer generation is turning 65 this year. What will that mean as they face retirement? Many of them, like the couple in this article, are facing retirement with a different sense of purpose. Baby Boomers are changing the way we traditionally think of retirement.

Read the report at npr.com 

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