How Do I Turn My 401(k) Into Reliable Retirement Income?

moneybagman-dollarsign

By Walter Updegrave, RealDealRetirement, @RealDealRetire

Ask Real Deal Retirement

I plan on retiring next year, but I’m unsure how to invest my 401(k) for retirement income. Do I need an annuity? What do you suggest? More»

The Real Lessons The Presidential Election Holds For Your Retirement Strategy

By Walter Updegrave, RealDealRetirement @RealDealRetire

election-campaign

In the days following the presidential election, we’ve seen a deluge of investing and retirement advice. Some is perfectly reasonable: Don’t make any radical moves in your 401(k)! But some recommendations, such as putative ways to “Trump-proof your portfolio,” is i my opinion questionable to say the least. Now that we’ve all had a little time to digest the election results, I’d like to offer a few more fundamental (and sensible) lessons from the election and its aftermath that can help you better plan for retirement in the years ahead. More»

Don’t Let “Spendaphobia” Spoil Your Retirement

By Walter Updegrave, RealDealRetirement @RealDealRetire

Scrooge5

Much of the advice on managing finances in retirement focuses controlling spending to ensure that assets last a lifetime. And that certainly makes sense, especially for people who are short on savings. But many retirees face a different problem: They have sufficient resources to support themselves, but are so loath to draw on their nest egg that it continues to grow throughout retirement. That may be just fine for their no doubt deserving heirs. But it can prevent them from enjoying their post-career life as much as they could. Here’s how to stop “Spendaphobia” from undermining the retirement you’ve worked and saved so hard to attain. More»

Should I Move My $200,000 In Retirement Savings From A CD To An Annuity?

By Walter Updegrave, RealDealRetirement @RealDealRetire

AnnuityKeyboard

Ask Real Deal Retirement

My wife and I are retired and drawing Social Security. We also have $200,000 in a retirement account that’s invested in a CD. We’re thinking of transferring that money to an immediate annuity. Do you think that’s a good idea? More»

Are You Missing Out On Guaranteed Income Because Of These 5 Misconceptions About Annuities?

By Walter Updegrave, RealDealRetirement @RealDealRetire

AnnuityKeyboard

Almost half the 1,000 adults polled for TIAA’s 2016 Lifetime Income Survey said the primary goal for their retirement plan was to provide guaranteed money to cover their retirement living costs. Yet when they were asked whether they owned or planned to buy an annuity—the only investment that can actually guarantee income no matter how long you live—only 23% answered yes. There are any number of reasons for this apparent disconnect, but one is that many people have mistaken notions of how annuities work. Here are five major misconceptions about annuities that may keep you from even considering making one part of your retirement income plan when perhaps you should. More»

How Much Can You Withdraw Each Year If You Want Your Savings To Last A Lifetime

By Walter Updegrave, RealDealRetirement @RealDealRetire

Calculator-pencil

Ask Real Deal Retirement

If I want my savings to support me the rest of my life after I retire, how much can I safely withdraw each year?

More»

Why You Needn’t Obsess About The Election’s Impact On Your Investments

By Walter Updegrave, RealDealRetirement @RealDealRetire

election-2016-donkeyhotey

There are plenty of reasons you might choose one presidential candidate over another on November 8th: his or her stance on taxes, government spending, national security and immigration, to name just a few key issues. But here’s one thing don’t need to factor into your decision—which candidate will be better for your investment portfolio over the long run. More»