Retirement Income

AnnuityKeyboard

Should I Invest $1 Million Of My Retirement Savings In An Annuity?

By Walter Updegrave, RealDealRetirement @RealDealRetire

Ask Real Deal Retirement

I’m 59 years old and plan on retiring within the next year. My adviser is recommending that I invest $1 million, about 25% of my nest egg, in annuities to generate retirement income. That percentage seems high to me. Is there a rule of thumb about how big a role annuities should play in one’s retirement strategy?

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The Big Lesson From 2016 You Should Apply To Your Retirement Planning

By Walter Updegrave, RealDealRetirement @RealDealRetire

In a year that witnessed one of the most divisive and wackiest presidential election campaigns in U.S. history, it’s not hard to find lessons that can apply to various aspects of your life. But when it comes to takeaways that can improve your retirement planning and investing, I think there’s one big lesson we should all draw from 2016: Don’t let the constant flow of predictions and prognostications about the markets and the economy—no matter how prescient they may seem—divert you from a comprehensive plan designed to achieve success over the long-term. More»

Nest Eggs

What Size Nest Egg Do I Need For A Secure Retirement?

By Walter Updegrave, RealDealRetirement @RealDealRetire

Ask Real Deal Retirement

My husband and I are retired, but aren’t sure whether we have enough in savings to see us through retirement. Is there a specific amount we should have? How can we tell how much is enough? More»

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The 2 Retirement Planning Resolutions You Really Need To Make For The New Year

By Walter Updegrave, RealDealRetirement @RealDealRetire

When it comes to New Year’s financial resolutions, saving more is a perennial favorite, as Fidelity’s 8th Annual Resolutions Study shows. And that’s fine, except resolving to save ore may not be very effective if “more” still falls far short of being “enough,” or if you aren’t investing your savings properly. Which is why if you want to be really serious about making sure you’re doing all you can to achieve a secure retirement, I recommend you put these two key resolutions at the top of your list. More»

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Pension Dilemma: Lump Sum or Lifetime Annuity Payments?

By Walter Updegrave, RealDealRetirement @RealDealRetire

Ask Real Deal Retirement

I’m getting ready to retire from the company where I’ve worked for many years.  I keep hearing conflicting answers as to whether I should take my pension as a lump sum or monthly lifetime annuity payments. What’s your advice?

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Annuity

Should You Put Some of Your Retirement Savings Into An Annuity?

By Walter Updegrave, RealDealRetirement @RealDealRetire

Ask Real Deal Retirement

I’m retired and have about 40% of my nest egg in stocks and 60% in bonds. I’m wary of the stock market, so I’m considering moving part of my savings into an annuity. Do you think that’s a good idea?
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