Tuesday, November 10th, 2015 and is filed under Financial Planning Tips, Uncategorized
Conventional wisdom says it’s safe to rely on income from your brokerage account during retirement. In fact, many Advisors will tell you that you can withdraw 4% per year and never run out of money. The “Four Percent Rule,” as it is called, has been standard in retirement income planning for years.
Thanks to record breaking returns and higher interest rates in decades past, retirees had only a 2% chance of running out of money if they followed the 4% rule. Sounds acceptable, right?
Not so fast! Read More
Tuesday, January 14th, 2014 and is filed under Retirement Income Annuities, Uncategorized
The popularity of annuities – especially fixed index annuities – with people planning for retirement is on the rise. Americans are living longer and longer, so guaranteed lifetime income is essential to the success of any retirement plan. Since the vast majority of employers have eliminated pensions, understanding the benefits of fixed index annuities is more important now than ever before.
It is estimated that only about 20% of American workers currently have a pension plan. Most employers, if they still offer any kind of plan, have shifted to defined contribution plans, such as 401ks. Why? Transfer of risk. Read More
Monday, March 11th, 2013 and is filed under Retirement Income Annuities, Uncategorized
Conventional wisdom says it’s safe to rely on income drawn from your brokerage account during retirement. Most Advisors will tell you that you can safely withdraw 4% per year and never run out of money. In fact, the “4% Rule” as it is called, has been the standard in retirement income planning for decades. The problem is that in today’s financial world, the rules have changed. Read More