What Is a Good Monthly Retirement Income?
A good monthly retirement income is typically 80% of pre-retirement income. Median income for households headed by someone over 65 was $3,968 per month.
A good monthly retirement income is typically 80% of pre-retirement income. Median income for households headed by someone over 65 was $3,968 per month.
If you have never heard of a deferred income annuity, get ready, because youâll probably be hearing a lot about them in the near future. And honestly, you should want to! Deferred income annuities address a major weakness that is a part of current tax-deferred retirement plans, such as 401(k)s: what to do with your retirement plan […]
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Want to know what gets me really fired up? If there’s one thing that really grinds my gears, itâs when we find out a new client unknowingly has an annuity in his or her portfolio. Now, itâs not just the fact they have an annuity thatâs the problem. As I have shared on several occasions, there are definitely times […]
The post GF¢ 069: Understand Your “Why” Before You Buy an Annuity appeared first on Good Financial Cents®.
Welcome to another Ask GFC! If you have a question that you want answered you can ask it here. If your questions get featured on GFC TV or the GFC Podcast, you are the lucky recipient of a copy of my best selling book, Soldier of Finance, and a $50 Amazon gift card. So what […]
The post Ask GFC 005: Do Tax-Deferred Accounts Make Sense if Tax Rates Will be Higher? appeared first on Good Financial Cents®.
If youâre about to retire, and want to create an immediate source of retirement income, you should investigate immediate annuities. You can set one up at the time of retirement, and it will begin providing you with income payments immediately. In addition, it can be setup to provide you with income for the rest of […]
The post Immediate Annuities – Creating Your Own Pension for Retirement appeared first on Good Financial Cents®.
Are you confused by all of the retirement plans that are available? There are quite a few, and there are even variations within each type of plan. I’m going to help you select the best retirement plans, by providing a close look at each. Maybe you’re about to start a plan, or you might even […]
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If you have read my posts on annuities in the past, you know that I’m not really a big fan of them. But deferred income annuities are an exception. They provide safety of principal, reliable investment returns, and an income for life â all of which is a hard combination to beat anywhere else. In […]
The post Deferred Income Annuities – How to Never Outlive Your Money appeared first on Good Financial Cents®.
Annuities get a lot of press, both good and bad. What it really comes down to is that while annuities aren’t recommended investments for everybody, they can be exactly what’s needed for certain investors.
The post Finding the Best Annuity Quotes & Rates appeared first on Good Financial Cents®.
$2 million is a lot of money. But letâs face it, itâs not as much as it was a decade ago. So when a hopeful retiree approaches me with a nest egg worth $2 million and wants to know if theyâll be able to successfully retire, there isnât a clear-cut answer as many would think. There are many factors […]
The post How to Retire with $2 Million [Case Study] appeared first on Good Financial Cents®.
Are you retired but interested in going back to work? Unless youâve developed some hobbies or have significant interests outside your career, retirement can be a lonely place. Suddenly, many of your social contacts are gone. Mental and intellectual pursuits ⦠Continue reading â
The post Working in Retirement: Why and How You Might Choose to Stay Busy appeared first on SmartAsset Blog.