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...
401(k) plans A401(k) planis a tax-advantaged plan that offers a way to save for retirement. With a traditional 401(k), an employee contributes to the plan with pre-tax wages, meaning contributions are not considered taxable income. The 401(k) plan allows these contributions to grow tax...
How to choose annuity that best suits the client. (Retirement Planning Report)Koco, Linda
Many Americans are looking for a way to reduce their cost of living in retirement. To find a few great places to downsize,U.S. Newsfired up our Best Places to Retire search tool. We screened for places with below-average housing costs and a low cost of living. Each place on the list...
The age range of roughly 50 to 70 is often considered prime time for purchasing an annuity because this is when many people are nearing or have recently entered retirement. However, the optimal timing for an annuity purchase ultimately depends on multiple factors, including the specific annuity ty...
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...
Need help planning for retirement? Find a qualified retirement planner in San Antonio, TX. Get advice on 401k, IRA, and other retirement plans.
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...
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 private sector have switched fromtraditional pension plans to 401(k)s...
opting instead to keep that open for some future time (when they retire, for example). However, there is a range of dates established when the annuity is purchased, and a date must be chosen within that range. Of course, the older the annuitant is when payments begin, the ...