Redefining Income Planning
Today, more financial professionals are redirecting retirement funds into FIAs that provide increasing income streams, as well as uncapped strategies, for life. Depending on when you plan to retire will determine which increasing income strategy may be best equipped to meet your needs.Features and Benefits of a Pension Plan
When we are young we feel invincible and confident. Then middle age hits, bringing with it a lot of medical issues and unexpected twists and turns in life. By the time it will be too late to start saving for retirement. So plan early, pay small premiums as you are considered less liable by the insurance agencies. If your money is with them for a longer period, they will be generous in your settlement.Delayed Saving: Starting Late in Life to Save for Retirement
If you are in your forties or fifties and haven’t saved much – if any – for your retirement, you’re not alone. But that doesn’t mean you shouldn’t take action… now. Saving and investing a small amount of amount of money, on a regular basis, can help ensure you build a decent-sized nest egg. If not now, when?Is Your Investment Goal Big Enough?
How much money do you really need to retire? A lot of this depends on your lifestyle now, what you want in the future and how long you need to save for.Your Social Security
Understanding your Social Security benefits for retirement is often the key to survival for many of us. But, about 70% of us lock in benefits at their lowest amount when 62 years old. Many are still working at this time which creates an unnecessary conflict with your benefits.