16 Retirement Numbers You Should Know
Preparing for retirement can seem like an impossibly complex math problem. Here’s how to break it down.
Preparing for retirement can seem like an impossibly complex math problem. Here’s how to break it down.
Yahoo! Finance had an article the other day talking about how 25% of Americans expect to retire at the age of 80. This age is 2 years longer than the average U.S. life expectancy. 80 years old just sounds crazy to me, but I know this is what many people have to do now due […]
The post When do you think you’ll retire? appeared first on Making Sense Of Cents.
My old college roommate lost his younger brother to cancer and left my roommate as the beneficiary on his retirement account. When I heard the news, I was in disbelief. There’s no way that someone so young could pass away, could they? I had heard that my former college roommate’s younger brother was sick, but […]
The post Non-Spouse IRA Beneficiary Rules – Avoid These Costly Mistakes appeared first on Good Financial Cents®.
There are many different types of riders that can be added to annuities. One of the most popular is the lifetime income benefit rider (LIB). This rider guarantees that you will receive regular income payments from your annuity for your entire lifetime. In fact, you will receive those income payments, even if your annuity is […]
The post Annuity Rider #2: Lifetime Income Benefit Rider appeared first on Good Financial Cents®.
The one-size-fits-all recommendation does not hold water, researchers say.
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 […]
The post Choosing The Best Retirement Plan For You appeared first on Good Financial Cents®.
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®.
An annuity is a type of insurance product that provides you financial coverage after you retire so that you do not outlive your retirement savings. When you purchase an annuity from an insurance company, you enter into a financial contract wherein you pay a certain amount of money for a secure source of income after
The post What Is an Annuity, and Do I Need One? appeared first on MintLife Blog.
Life insurance provides cash to your beneficiaries after you die. Itâs meant to help replace your income. But what about buying life insurance if youâre over age 60 or 65? Does it make sense? In some situations, it can make sense to spend thousands of dollars a year for a life insurance policy after you […]
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