Company retirement plans can be a great place to save for retirement.   Not only are contributions are tax-deductible against income, there are much higher contribution limits than their IRA counterpart. Add to that company matching provisions, and it becomes irresistible.   What most of us know but may not understand completely is that there is a trade-off to the tax benefit that we got when we contributed to the plan. … [Read more...]

Fidelity Investments releases a study each year estimating the out of pocket cost for healthcare expenses. Their recently updated study for this year puts the tab at $275,000 for a couple during retirement (https://www.fidelity.com/viewpoints/retirement/retiree-health-costs-rise), which is $15,000 more than the last time they released their numbers. … [Read more...]

The #1 fear that the clients that I work with have is running out of money in retirement. It comes as a surprise to many that one can fairly easily determine how long an investment portfolio will last in retirement, even with the level of uncertainty that is created in the markets. There are three primary factors that influence how long investments last in retirement.\ … [Read more...]

Recently I found myself wondering what consumer education on annuities is really like and if people are getting a good, unbiased education about them. It’s important to know that there are 3 kinds of annuities:   Fixed Annuities Fixed Indexed Annuities (or Indexed Annuities) Variable Annuities … [Read more...]