If you’re in your 50s or 60s and still haven’t sat down with a financial planner to talk about your road to retirement, you need to do so promptly! At this stage in your life, you should probably start reallocating some of your investments away from riskier items like stocks and into more cautious investments like … [Read more...]
In your 50s? How to get serious about planning for retirement
Even though most people go into their fifties without enough money in their retirement accounts, the good news is that this period of life is often the one in which people have their peak income, making it a great time to build up their investments. After 50, you can put an extra $9,000 a year — for a total of $25,000 … [Read more...]
Should You Buy an Annuity?
Annuities are a popular but complex and frequently-misunderstood retirement product. The main appeal of an annuity is that it offers you fixed income for (usually) the remainder of your life. Also, annuities are guaranteed, which nearly no other investment product is. The problem is, while this payment won’t fall, it … [Read more...]
Your Retirement Alarm Clock Is Ticking: Do You Have a Plan?
Retirement has a few simple strategies to make the financial aspects easier for you. A quick determination of expenditures is key-how much do you need to have the lifestyle you want? After you know what you need, next is determining what money you will receive. After adding pensions, Social Security, and other income, … [Read more...]
