The Savvy Annuity Buyer – 5 Questions to Protect and Earn

coinTreeAnnuities have a great allure, furnishing you income in retirement. But there are annuities and there are annuities. And they are dauntingly complex. One very smart advisor who can untangle them is Jeff Rose, CFP, the founder of Alliance Wealth Management in Carbondale, Ill His take: Annuities, like any other investment, make perfect sense in the right situation. In the wrong situation, they can cost you money – and even be dangerous. Read more

Retirement Strategy : A Personal Account

coinTreeA friend recently told me he’s planning to retire but is worried about his financial ability to do so. When he described his situation, I told him it seemed to me he didn’t have anything to worry about. But, still he’s worried. As luck would have it, I heard a finance professor lecture on retirement income planning the following day. He suggested a strategy that might just help put my friend’s mind at ease. I then also read an article in the Harvard Business Review by Nobel laureate economist Robert Merton touting the same idea. It’s not a cure-all, a panacea or magical solution. As a financial whiz-kid once reminded me, “No financial product has a ‘secret sauce’.”

The concept: use annuities as a key element in your retirement income strategy. Read more

How much do you really need for retirement?

coinTreeIt’s the age-old question: How much should I save for retirement?
For years, financial advisors recommended people save at least $1 million to enjoy a comfortable retirement. But given longer lifespans and concerns about the financial status of Social Security, is that target enough to fund a potentially decades-long retirement?

Maybe not. Read more

5 “BS” Retirement Investing Pitches You Should Ignore

coinTreeYou’re probably already wise to many schemes designed to separate you from your money—emails from Nigerian princes, phishing scams, etc. But does your BS detector go off when confronted with slick come-ones for perfectly legal-but-dubious investments? To see, check out these five pitches that are often targeted to people investing for retirement. Read more

8 Essential Annuity Questions – You Need to Know!

coinTreeUnderstanding Annuities and what part they play is critical in making sure you are getting the most out of your retirement planning.  We have listed 8 crucial questions you need to know to ensure your annuity works hard for you.

Answering these questions could put you on the path to finding the right annuity and help you secure the future you dreamed of. They come in 3 categories so you can zero in on strategies for you and your situation.
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QUIZ: Are Annuities Right For You?

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As traditional sources of guaranteed retirement income — such as pensions — disappear, many retirees are wondering where to turn after suffering through a severe market downturn in the past decade. An annuity may be the answer, but not all annuities are alike, and some may not be appropriate for you.

Take our ten-question quiz, brought to you by Kiplinger, to see how much you know about these products and whether you should invest in them.
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Annuities 101: Is An Annuity Right For You?

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What is an Annuity?

Despite the fact that many people are familiar with the term ‘annuity’, many might not understand what it actually means or how it can be used to help them plan ahead for a successful financial future.

Simply put, an annuity is an insurance product that will pay you income based on money that you have previously put in. An annuity is commonly used as part of a retirement strategy. They are often popular choices for investors who wish to see a regular and steady income stream in their retirement. According to the Government Accountability Office, annuities can be an important part of an overall retirement plan.
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