Retirement Income

AnnuityTarget

What’s The Best Annuity For Guaranteed Monthly Retirement Income?

By Walter Updegrave, RealDealRetirement @RealDealRetire

Ask Real Deal Retirement

I’m retired and thinking of buying an annuity to add to my monthly income, but I’m not sure which type of annuity might be right for me. Any suggestions? More»

moneybagman-dollarsign

Late In Your Career And Light On Savings? Here Are 4 Ways To Improve Your Retirement Prospects

By Walter Updegrave, RealDealRetirement @RealDealRetire

A recent study by the Insured Retirement Institute found that fewer than one in four baby boomers believe they’ll have enough money to support them through retirement. That’s not surprising when you consider the gap between how much people have saved and what they think they’ll need. For example, 80% of the workers polled for the Employee Benefit Research Institute’s 2017 Retirement Confidence Survey who attempted to calculate how large a nest egg they’ll need estimated they’d require $250,000 or more in savings to live comfortably. Yet Vanguard’s latest How America Saves report puts the median 401(k) balance for 55-to-64-year-olds at less than $72,000. So what can you do if you’re getting towards the end of your career and your nest egg is well shy of what it should be to maintain your standard of living? Here are four moves that can help: More»

4 Percent

The Right Way To Think About The 4% Rule For Retirement Income

By Walter Updegrave, RealDealRetirement @RealDealRetire

Ask Real Deal Retirement

My husband and I will be retiring soon and are thinking of using the 4% rule to draw income from our retirement portfolio. We don’t want to run out of money, but we also don’t want to spend too little. Is there some sort of “reset” we should do periodically to ensure we don’t end up with too little or too much money later in retirement?

More»

KEEP IT SIMPLE

Want To Reap the Benefits of Guaranteed Retirement Income? Keep It Simple

By Walter Updegrave, RealDealRetirement @RealDealRetire

The 3rd Annual Guaranteed Lifetime Income Study by Greenwald & Associates and CANNEX found that six in 10 people 55 and older place a high value on having guaranteed income to supplement Social Security in retirement. Among the benefits those surveyed say extra assured income offers: protection against outliving your savings, peace of mind and greater assurance you’ll be able to maintain your lifestyle in retirement. So why then are so many retirees reluctant to invest their savings in annuities, investments that can provide such income? The short answer: They’re put off by annuities’ complexity and cost. More»

Retirement Sign-small

How To Tell Whether You’re Financially Ready To Retire

By Walter Updegrave, RealDealRetirement @RealDealRetire

Ask Real Deal Retirement

I’m nearing retirement age, but I have no clue as to whether I’m financially ready or not to retire? What do you recommend I do?

More»

SONY DSC

Help! The Saver In Me Won’t Let Me Spend My Nest Egg

By Walter Updegrave, RealDealRetirement @RealDealRetire

Ask Real Deal Retirement

I’m retired, have a good pension and no debt. I also have about $350,000 in an IRA account that I may never need, but the saver in me won’t allow me to spend. Any suggestions? And how should I invest my IRA money to earn a low-risk modest rate of return?

More»