retirement income Archives - Page 18 of 24 - Jerry Golden on Retirement

A smart mix: Family vacations and a check up

July 13, 2016 By Jerry Golden in Annuity, Two-stage retirement Tags: Annuities, retirement income, Social Security

Summer vacation is the perfect time to visit with family you haven’t seen in awhile as you enjoy the leisure activities – and check up on how your parents are really doing.

Most of the time, everything will be fine. Dad might walk a little more slowly and perhaps mom tires more easily, but it’s great to get together year after year.

At some point, though, maybe you notice something more troubling – one of your parents is having trouble remembering, or a sudden weight loss has been ignored. That’s when the squeeze begins for the sandwich generation, with the difficult and complex steps you need to contemplate, including figuring out their financial and living situations.

You may find they haven’t been paying all their bills or medical costs might loom that threaten to deplete their savings. Thank goodness you are there for your parents. It will be a trying time for you, but in many cases it would be impossible for them without you. More

Market volatility works against retirement stability

July 5, 2016 By Jerry Golden in Annuity, Social Security, Two-stage retirement Tags: Annuities, Guaranteed Income, retirement income, Social Security

The new financial and political challenge known as “Brexit” is a good reminder that your plan for the late, or second, stage of your retirement should not depend on the stock market.

In the two days following Britain’s vote to exit the European Union, the Dow Jones Average plunged 800 points. The markets have since rebounded, but here’s the question you ought to ask yourself:

Will I feel secure in my retirement if my savings are fully invested in financial products that swing so wildly and unpredictably? More

Rethink Your Plans for Retirement — Split into Two Stages

June 28, 2016 By Jerry Golden in Annuity, Two-stage retirement Tags: Annuities, Guaranteed Income, retirement income, Social Security, two-stage retirement

Sometimes we only get serious about planning for retirement when we hit a bump in the road that reminds us about the consequences of being unprepared.

In the video below, Sam and Sally realize their own retirement plans aren’t adequate when Sally’s parents run into problems later in retirement.

Thinking about retirement as a two-stage process can help you deal with what is often our greatest fear: Running out of money. More

Late-in-life marriage requires more answers than “I do”

June 21, 2016 By Jerry Golden in Interesting Articles, Social Security Tags: Baby Boomers, Late-in-life marriage, retirement income, Social Security

Marriage later in life can be a satisfying and romantic accomplishment, whether it is a first-time event or the rekindling of love after a divorce or death of a spouse.

However, unlike marriage in your 20s, making the commitment in your 50s, 60s or later suggests not so much a walk down the aisle as finding your way through a maze of decisions about money.

The union of two experienced people illustrates the quandaries of a modern mixed marriage: Whose investment philosophy will we follow and which financial advisor do we keep? More

Experts on income annuities: Look at the benefits

June 8, 2016 By Jerry Golden in Annuity, Social Security 2 Comments Tags: Annuities, Baby Boomers, retirement income, Social Security

There is confusion on the internet, and even in the financial industry, about the value of annuities. Some of the dissonance occurs because there are several types of annuities and it can be confusing to decide how some of them might apply to an individual’s retirement situation.

But if we concentrate on income annuities, either immediate or deferred, we will see that more institutions – and smart people – are talking about their benefits.

They are beneficial to people who have saved a decent amount for retirement and are trying to figure out how to create guaranteed income for life, as opposed to hoping their retirement savings, invested in stocks and bonds, last as long as they do. More