General Retirement Planning

Retirement can last for an unknown period of time, and often the amount of money saved for it is not enough. Annuities insure that you continue to have income after you have outlived your...

Sometimes the need to file for bankruptcy cannot be avoided. A petitioner may have accumulated substantial assets before filing. Some assets may need to be liquidated, but fortunately others are...

An annuity is not effective as a sole pillar of a retirement plan, but it can be an effective method to control retirement risk and provide some income that doesn't need to be actively managed....

Retirement plans are an integral part of our financial future and with ownership comes responsibility that we should exercise. You should understand your plan, and the benefits of the plan. These...

Annuities are complex retirement investments, even if they don't require any management after you purchase them. The two main types of annuity are fixed and variable rate. Fixed annuities...

AARP, which was at one time formally known as the American Association of Retired Persons, is a nonprofit organization for people who have reached the age of 50. Headquartered in Washington, D.C.,...

AXA Equitable Life Insurance Company offers several types of annuities through a national network of agents and financial advisors. The company has an AA rating through Standard and Poor's but was...

Retirement housing is a type of residence geared towards individuals and couples during their retirement years. Many facilities offer specialized programs, assisting with yard work or daily living...

A reverse mortgage loan is designed to enable seniors, 62 and older, to get money from their homes without having to make mortgage payments. Homeowners do not repay on the loan as long as they...

Annuities can be used as qualified IRAs or as supplemental retirement programs that receive the same tax-deferred advantage as traditional IRAs. While you may have invested in an annuity as a...

With the Federal Reserve bank altering the money supply and causing inflation, and stores having to cut prices causing deflation, we have an incredible amount of volatility in the value of our...

Most working-class people consider a safe and secure retirement a challenge. But knowing all of your options can help you decide which retirement accounts work best for you.

403(b) plans are retirement plans that are similar to 401(k) plans except they are offered to nonprofit employees. Depending on the type, there are tax benefits for using these plans.

Much of our lives are spent working toward retirement. And as that time begins to near, it's natural to wonder what our "golden years" will be like. Trying to determine how much income you'll have...

Phased retirement takes many different forms. In many cases phased retirement may include working part-time, seasonal work, temporary work and occasional leaves of absence. There are advantages to...

Annuities and life insurance are both excellent investments, but that is where the similarities end. There are many differences between annuities and life insurance. In fact, they are completely...

Planning an annuity with retirement funds is an excellent way to insure against outliving your money in retirement. Annuities provide a guaranteed monthly income for as long as you live, and can...

You should not have to worry about the livelihood of the corporation that is paying your pension plan. Unfortunately, a situation may arise in which your company declares bankruptcy. There are...

A fixed annuity can be a great investment for someone close to retirement who wishes to receive income for life. Annuity payments are sent monthly by their respective companies and accumulate...

Whether you're active-duty military, active reserves or a National Guardsman, you are eligible for some form of retirement benefits when you reach 20 years of service. This benefit is based on...

Review your money asset accounts with your brokerage firm to ensure you have designated a beneficiary and the assets are not sent to your estate. Assets can be held in street name or in the...

Knowing how to create a dream retirement, will help you to enjoy your golden years. You can use a retirement planning calculator or retirement planning software to figure out how much you will...

Everybody needs to save...everybody knows the basics of taking a certain amount every month and put it towards their future, be it retirement or a purchase of some sort. Knowing and doing...

Showing that you have confidence in your company by contributing funds to it can bring you considerable gains. Choosing whether to participate in an employee stock option plan involves considering...

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A pension is an integral part of the resources needed to meet the retirement needs of a worker. Some pensions provide a stream of income for the balance of a worker's life. Studies have shown that...

When deciding whether or not to join the military reserve many potential recruits see it only as a way to pay for college or supplement their current income. However, the military reserve helps...

Retirement homes in the United States house thousands of senior citizens, offering daily care and comfort as they live out their lives. But the rent can be expensive, with the average cost of a...

The golden years of retirement are something that most workers look forward to with a great deal of anticipation and high expectations. However, for some people, retirement is not all it's...

A variety of companies offer retiree benefits to give employees a range of options. The benefits provide a number of advantages that help put a business in a better position than companies that do...

A defined benefit plan's financial statement in made up of two components, the tax return of the plan, called a Form 5500, and the plan valuation, which is summarized in the summary annual report....

If you are a military veteran or the spouse or dependent of a veteran, living or deceased, you may be eligible for retirement compensation benefits from the Veteran's Administration, your state...

401k plans and 403b plans are two types of employer-sponsored retirement plans with special tax benefits. Both plans allow you to deduct your contributions from your taxable income in the year the...

The basic goal of fictitious entities in estate planning is to avoid estate and generation-skipping taxes. Ideally, you would be able to transfer legal ownership of your assets to an entity for...

Planning for financial security during the golden years is something that every person should perform. Retirement planning statistics show that some people, even those only a few years from...

Defined benefit pension plans are retirement plans that provide a specific benefit at retirement and are subject to the terms and conditions of the Employee Retirement Income Security Act (ERISA)....

Taking out a reverse mortgage on your home can be a great way to supplement your retirement income, but it is a decision that should not be made lightly. Knowing more about the loan and all of...

Accelerated pension benefits entail reductions in overall benefits and early withdrawals, which come with significant consequences. They can include taxes, penalties, investment loss and reduced...

It's tough enough to face retirement without having to worry about whether popular misconceptions are true. Retirement myths have continued to grow with the late 2000s recession and the coming...

Relocating to a small town from a large urban center in retirement will result in a significant reduction in cost of living and will extend a nest egg substantially. One of the main drivers of...

A number of rights are granted to retired citizens that were not previously available. In addition, many laws and provisions are mandated by the government to ensure that retirees are protected...

A person does not have to wait until he reaches full retirement age to retire. In fact, any person with enough working credits can retire at age 62. However, retiring early reduces the monthly...

AFTRA stands for American Federation of Television and Radio Artists. The AFTRA Retirement Plan provides retirement benefits for members who meet earnings criteria as negotiated between the...

Two basic types of retirement plans are available to workers, defined-benefit plans and defined-contribution plans. Defined-benefit plans, or pensions, were the standard until defined-contribution...

As a teacher, planning for retirement can be complicated, especially if you have many options to choose from. Depending on the state in which you live, you may be eligible to contribute to state...

A reverse mortgage is a type of loan that uses the equity in your home as collateral. While you pay a traditional mortgage down and your equity goes up, a reverse mortgage increases while you...

Retiring to another country means considerable change, including deciding what lifestyle you want and whether you want to learn your new neighbors' language.

When an employee, retiree or veteran passes away, the surviving spouse, also referred to as a widow if female or widower if male, is entitled to receive any pension benefits the spouse was...

When retirement day approaches, you may be free to exercise options that you left on the back burner during your career. If you stayed in the Rust Belt or Tornado Alley because of your job, this...

A lower cost of living and beautiful surroundings in Central America have been capturing the hearts of retirees in the Western world for some time. But which country is the most favorable to the...