Our Retirement Blog

Let’s Talk About Risk

Greetings! I trust that this will find you well and enjoying life. To be honest with you I have to say that my head is spinning from the demands of the last two weeks and hurricane IDA. I very much hope that your recovery is easy and well underway. If… ...

Bridging the Retirement Income Gap

Greetings! I trust that you are well and enjoying life. When you determine how much income you’ll need in retirement, you may base your projection on the type of lifestyle you plan to have and when you want to retire. However, as you grow closer to retirement, you may discover… ...

Converting Retirement Accounts Into Income

Greetings! I trust that this finds you well and enjoying life. For several weeks now we’ve been examining common retirement income strategies. For most of us in retirement financial security is predicated on a stable, reliable income. We’ve examined the methods of taking a stated withdrawal or spend down rate from… ...

Reverse Mortgages

Greetings! I hope this finds you well and enjoying life. Last week I had two clients to ask about reverse mortgages and it happens more and more frequently. In the last five years or so banks have taken steps to make them more attractive. I located the following information and I… ...

Using Different Type Assets for Income in Retirement

Greetings! I trust that this will find you well and enjoying life. Today I want to examine using different asset types that consistently generate interest or dividends to provide retirement income. Examples of these asset types are individual bonds, preferred stocks, real estate investment trusts (REITs), and business development companies (BDC’s). … ...

Common Factors Affecting Retirement Income

Greetings! I trust that you are well and enjoying life. When it comes to planning for your retirement income, it’s easy to overlook some of the common factors that can affect how much you’ll have available to spend. If you don’t consider how your retirement income can be impacted by investment… ...

Saving for Retirement

Greetings! I trust that this finds you well and enjoying life. Having a sound and structured process to save for retirement is so important. No matter where you are in the process the following thoughts should be helpful. Although most of us recognize the importance of sound retirement planning, few of us… ...

Saving For Retirement and a Child’s Education

Greeting! I hope that this finds you well and enjoying life. You want to retire comfortably when the time comes. You also want to help your child go to college. So how do you juggle the two? The truth is, saving for your retirement and your child’s education at the same… ...

Reaching Retirement: Now What?

Greetings! I trust that you are well and enjoying life. You’ve worked hard your whole life anticipating the day you could finally retire. Well, that day has arrived! But with it comes the realization that you’ll need to carefully manage your assets so that your retirement savings will last. Traditional wisdom… ...

Six Keys to More Successful Investing

Greetings! I trust that you are well and enjoying life. A successful investor maximizes gain and minimizes loss. Though there can be no guarantee that any investment strategy will be successful and all investing involves risk, including the possible loss of principal, here are six basic principles that may help you… ...

Estimating Your Retirement Income Needs

Greetings! I trust that you are well and enjoying life. You know how important it is to plan for your retirement, but where do you begin? One of your first steps should be to estimate how much income you’ll need to fund your retirement. That’s not as easy as it sounds,… ...

Your Home As A Source Of Dollars In Retirement

Greetings! I trust that this will find you well and enjoying life. If you own a home, you may be wealthier than you think. The equity in your home could be one of your largest assets, especially if your mortgage has been paid down over the years or paid off.… ...

Should You Purchase Long-Term Care Insurance

Greetings! I trust that this will find you well and enjoying life. The longer you live, the greater the chances you’ll need some form of long-term care. If you’re concerned about protecting your assets and maintaining your financial independence in your later years, long-term care insurance (LTCI) may be for… ...

Supplemental Health Insurance – Medigap

Greetings! I trust that you are well and enjoying life. Medicare won’t cover all of your health-care costs during retirement, so you may want to buy a supplemental medical insurance policy known as Medigap. Offered by private insurance companies, Medigap policies are designed to cover costs not paid by Medicare, helping… ...

Qualified Longevity Annuity Contracts

Greetings! I hope this finds you well and enjoying life. I’ve been getting a lot of questions about the Treasury Department’s recent regulations that create a new type of annuity in the tax law called “Qualifying Longevity Annuity Contracts” (QLACs). This isn’t really a new type of annuity. This is simply a… ...

The Power of a Written Plan

Greetings! I trust that this will find you well and enjoying life. Business owners and CEOs have written business plans. Ship captains chart their courses on nautical maps and doctors have written treatment plans for their patients. What these and most successful people all have in common is that they have written… ...

10 Years and Counting: Points to Consider as You Approach Retirement

Greetings! I hope this finds you well and enjoying life. If you’re a decade or so away from retirement you’ve probably spent at least some time thinking about this major life change. How will you manage the transition? Will you travel, take up a new sport or hobby, or spend more… ...

Using Your RMD to Benefit You Tax-Wise

Greetings! I hope that this finds you well and enjoying life! My experience has been that if a retiree hasn’t started taking money out of an IRA until they are “required” to, they don’t need the money and as having to take the distribution triggers income tax, they usually aren’t too… ...

Income Tax in Retirement

Greetings! I hope that this finds you well and enjoying life! During your retirement years, it’s important to pay close attention to the income tax consequences of your investment decisions. If you receive a great deal of investment income when retired, for instance, the taxation of your Social Security benefits… ...

How Investments Are Taxed

Greetings! I trust that this will find you well and enjoying life. It’s that time of the year again, it’s tax time. On any investment that is positioned outside of a tax shelter like an IRA or annuity you’re going to pay taxes on interest and dividend distributions. Taxes affect how… ...