Should You Buy An Annuity Before You Retire To Guarantee Income For Retirement?

Annuity

By Walter Updegrave, RealDealRetirement, @RealDealRetire

Ask Real Deal Retirement

My wife and I plan to retire in five years and our financial adviser is recommending that we move part of our portfolio of stocks and bonds into annuities now to reduce the risk of market volatility and ensure steady income when we retire. Do you think this is a good idea? More»

3 Wrong Reasons For Saying No To An Annuity…And 3 That Make Perfect Sense

By Walter Updegrave, RealDealRetirement @RealDealRetire

Annuity

Even the best annuities—i.e., relatively uncomplicated ones that generate lifetime income without expensive bells and whistles—aren’t for everyone. But if you’re going to exclude an annuity from your retirement income plan, be sure you’re doing so for a valid reason. With that in mind, here are three flawed rationales for nixing an annuity and three totally legitimate reasons for giving an annuity a pass. More»

Will Millennials Who Don’t Earn Big Bucks Ever Be Able To Retire?

By Walter Updegrave, RealDealRetirement @RealDealRetire

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Ask Real Deal Retirement

I’m in my late 20s and earn a modest salary. It’s hard to save, so I don’t see how I’ll ever be able to retire. Is there a way to prepare for retirement if you don’t earn a big salary? Or am I just going to have to work until I die?

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6 Smart Investing Tips From A Totally Trustworthy Financial Adviser: Mom

By Walter Updegrave, RealDealRetirement @RealDealRetire

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A 2015 survey by Creditcards.com reported that Millennials consider mom their biggest financial influence. But that same survey also suggests that mom’s sway wanes as we age. Which is a shame. Because mothers (even those with little or no financial background) typically dole out smart advice that you can apply to your investing, even if it’s not couched in financial terms. So in honor of Mother’s Day, here are six nuggets of maternal wisdom you’ve probably heard at one point or another in your life, along with my explanation of how each can translate into financial success. More»

Is The Conventional Wisdom About Taking Social Security Later Rather Than Sooner Wrong?

By Walter Updegrave, RealDealRetirement @RealDealRetire

SocialSecurityCards

Ask Real Deal Retirement

People say you should hold off taking Social Security until full retirement age or later rather than starting benefits early. I disagree. I think I can do better by taking benefits as soon as I can and investing them, even if I earn only a modest rate of return. And if I invest more aggressively I believe I can come out even further ahead. What do you think?

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4 Lies We Tell Ourselves That Can Sabotage Our Retirement

By Walter Updegrave, RealDealRetirement @RealDealRetire

Pinocchio

We like to think it’s things beyond our control—job layoffs, market downturns, big unanticipated expenses—that undermine our planning efforts and make achieving a secure retirement such a challenge. But the truth is we often inflict the most serious damage on our own by deluding ourselves into believing we’re making reasonable decisions when we’re not. Here are four examples of the kind of lies we tell ourselves (or, for a more charitable spin, the excuses we make) that can can dramatically sabotage our chances of retirement success. More»

Should I Take Monthly Pension Payments Or A Lump Sum For Retirement?

By Walter Updegrave, RealDealRetirement @RealDealRetire

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Ask Real Deal Retirement

I’m retiring and my company has given me the choice of receiving a monthly pension check or a lump sum. Which should I take?

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