Financial Advice for Retirement, Social Security, IRAs and Estate Planning

Saving Money

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how-to-preserve-retirement-capital

How to Preserve Retirement Capital

The greatest fear about retirement is running out of money. There are three risks that could cause one to run out of money. Investments could earn less than estimated; the retiree might live much longer than anticipated; and spending could be greater than estimated, because of either inflation or higher consumption. In last month’s visit, […]

surprising-tax-havens

Surprising Tax Havens

State tax laws discriminate based on age, and that can be a good thing for some taxpayers. Even notoriously high tax states can be tax havens for retirees. In fact, Florida and other retiree magnets might not be the tax havens they are promoted as when the full tax picture is considered. Florida has no […]

how-pension-payouts-are-affected-by-interest-rates

How Pension Payouts Are Affected By Interest Rates

The prospect of rising interest rates this year could affect retirement payouts. If your retirement plan offers a choice between an annuity and a lump sum and you were planning to retire in the next year or two, pay attention now. Lump sum payouts increase as interest rates fall and decrease as rates rise. The […]

a-few-ways-to-save-money

A Few Ways to Save Money

There are two ways to save money. One way is to cut nickels and dimes off each purchase. The other way, which we’ll look at in this visit, is to save a lot of money on a few big dollar expenses. Let’s see how you might be able to save big dollars on a few […]

how-much-to-save-and-invest-for-retirement

How Much to Save and Invest for Retirement

Americans are confident they will have comfortable retirements. Seventy percent of Americans age 25 and older told the Retirement Confidence Survey for 2004 they are confident of achieving a comfortable retirement. Yet only 58% were actively saving for retirement, and only 42% ever tried to calculate the amount of money they will need in retirement. […]

little-known-money-saving-deals

Little-Known Money-Saving Deals

Official figures say inflation is under control, but some of your regular expenses are rising steeply. You can beat many of these cost increases. You also can maximize savings on other expenses by doing some smart comparison shopping. Auto insurance. There is a revolution taking place in automobile insurance, sparked by Progressive Insurance. Instead of […]

the-rising-cost-of-retirement

The Rising Cost of Retirement

The standard retirement planning advice is to plan on spending 65% to 85% of your pre-retirement income each year of retirement. Unfortunately, that is a fallacy. Following that advice could diminish your retirement. Proof is in the latest Retirement Replacement Ratio Study, sponsored by Aon, a financial services company, and conducted by professors at Georgia […]

the-medicare-overhaul-an-update

The Medicare Overhaul: An Update

We’re getting more details about the most significant parts of the Medicare prescription drug law that was enacted in late 2003. The two key provisions are Health Savings Accounts (HSAs) and prescription discount cards. The new Health Savings Accounts (HSAs) for people under age 65 were reviewed in detail in January. Recall that the accounts […]

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