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Information About Annuities

Annuity: 15 Things You Need to Know Now About Annuities

Annuity: 15 Things You Need to Know Now About Annuities An annuity can provide lifetime income, but there's more to how an annuity works than meets the eye. WITH THE RETIREMENT playing field littered with crushed investments and dreams, the safety of guaranteed...

Annuity: What is an Annuity

Annuity: What Is An Annuity Annuities are insurance contracts that make regular payments to you either immediately or at some point in the future. You can purchase an annuity to help grow or protect your retirement savings or to provide you with guaranteed income....

Annuity: What is an Annuity

Annuity: What is an Annuity Annuities Annuities are insurance contracts that provide a fixed income stream for a person’s lifetime or a specified period of time. An annuity can be purchased with a lump sum or a series of payments and begin paying out almost...

Information About RMD’s

Retirement Plan and IRA Required Minimum Distributions FAQs

Content Provided By Internal Revenue Service Website The Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) became law on December 20, 2019. The Secure Act made major changes to the RMD rules. If you reached the age of 70½ in 2019 the prior...

How to Calculate Required Minimum Distribution (RMD)

Required minimum distributions (RMDs) are withdrawals you have to make from most retirement plans (excluding Roth IRAs) when you reach the age of 72 (or 70.5 if you were born before July 1, 1949). The amount you must withdraw depends on the balance in your account and...

RMD Rules for Inherited IRAs

If you've inherited an IRA, learn about the required minimum distributions (RMDs) you may need to take soon, as well as how RMDs work in the long run. Which rules governing RMDs apply to you depend on your relationship to the deceased original owner. The relationships...

Information About Financial Planning

6 Pointed Questions To Ask Before Hiring A Financial Advisor

This is a guest post by Kenneth G. Winans,  a veteran investment manager based in Novato, Calif.   Despite what you might read elsewhere about managing your own finances, it is often a good idea to get some help. It's for roughly the same reason you hire an attorney....

How to Find the Best Financial Advisor

A 7-Step Guide Written by: Dana Anspach, The Balance Hiring a financial advisor is equivalent to hiring a chief financial officer for you or your family. You want to use a disciplined process to find someone with whom you can work for many years. Finding the right...

How to Hire a Financial Advisor

If you’ve heard it once, you’ve heard it a thousand times: You need to invest for retirement, especially if you want to retire early. That means, at some point, you’re going to need a financial advisor—someone who can explain complex investments in terms you can...

Information About Retirement

5 Retirement Planning Steps For Women

5 Retirement Planning Steps For Women

Women historically have let men plan for retirement. The old rules have changed, but women still are searching for how should navigate the path to post-work life. And that path is different than it is for men. Diane Bourdo, president of the Humphreys...

3 Ways to Calculate How Much to Save for Retirement

3 Ways to Calculate How Much to Save for Retirement

So, you need to save for retirement. The question is: How much do you need to save? Unfortunately, that's hard to answer. In fact, according to a survey this year by Bankrate.com, more than six in 10 Americans don't know how much money should be in their...

Why Some Retirees Go Back to School at 65

Why Some Retirees Go Back to School at 65

IN THE 10 YEARS THAT Jacob Cohen, 70, has been retired from teaching, he has taken more than 100 courses at the University of North Carolina—Asheville, averaging three or four a semester. One of his favorite classes was about the history of life on earth,...