If you’re looking for the best investments for retirement income, you’re not alone. With interest rates so low, lots of folks are asking themselves which are the best retirement investments to make right now. As I see it, there are still some good alternatives: 1. A Component Of Equity...
Guaranteed income annuitiesare generally not offered by employers, but individuals can buy these annuities to create their own pensions. You can trade a big lump sum at retirement and buy an immediate annuity to get a monthly payment for life, but most people aren't comfortable with this arrang...
I had a 10-year gap in my occupational pension which I am compensating for with additional voluntary contributions [AVCs]. My annual AVC contributions are pounds 3,312 a year, which are tax-deductible. As the pension proceeds must be used to purchase an annuity on retirement in 10 years ...
First, you’ll want to consider your retirement goals. Clearly define your retirement income needs and how an annuity fits into your overall financial plan. Consider factors such as your desired income level and how an annuity might complement other retirement income sources, such asSocial Security...
However appealing some destinations may seem at first glance, not all are suitable for someonerelocating in retirement. Many do not offer residency visas that the average retiree can reasonably qualify for. U.S. retirees should seek overseas havens that welcome them with open arms, offeringretiree...
A retirement income plan should be unique to you and your specific needs. Copying your retired neighbor’s retirement income plan won’t work. Following some generic “rule of thumb” withdrawal advice from your financial advisor won’t get it done. Buying anannuitythat will never keep up with...
If you’re married and don’t want to leave your spouse in the lurch in the event you predecease him or her, consider a joint-life annuity rather than a single-life annuity. 3. Profit-sharing plans Some companies offer a profit-sharing plan to their workers as an incentive for them to...
“I have been using Retirement View, Couples edition for several years now ever since I retired. I didn’t get to use it while I was still working butit has been an effective tool for visualizing my retirement plan ever since. I can see where it would be useful if I were still workin...
Pensionsare a unique and valuable type of retirement plan in which an employer makes contributions to a pool of funds and invests it on the employee's behalf, with the earnings on said investments generating income for the worker upon retirement. In the U.S., more and more employers in the...
If you want to make a significant contribution to a charity you care about – but also want the security of a fixed, reliable income for life – a charitable gift annuity could be a great choice. If you think a charitable gift annuity is the right planned-giving vehicle for you, ...