The number of myths about Social Security abound. Some of the myths seem logical and some do not. Here’s an article that puts seven of those myths to bed. https://www.marketwatch.com/story/these-7-social-security-myths-just-arent-true-no-matter-how-often-you-hear-them-2019-08-27
Category: Lifetime Income
Retirement Without a Plan
The article below describes how most Americans don’t have a plan for their retirement income. Over the years, I have observed this to be true. No one that I’ve met plans to fail, but most certainly fail to plan. Why set a plan for retirement income? Isn’t it OK to put the Social Security check […]
The Pilot Announces, “We have a 66% chance of reaching our destination”!
Those would be chilling words to hear from the pilot as we sit on the tarmac readying for push-back from the gate. Hearing that, I don’t know about you, but I’d want to get off that plane! How does this relate to retirement planning? Read the following to find out. For all the good that […]
Need Income?
Suppose that you are around 65 and ready to retire, or thinking about retiring. You have accumulated a large nest egg through your 401(k), IRAs, and after-tax investments. You’ve been saving for many, many years and now you are in need of $50,000 per year of income in addition to the amount you will receive from […]
Goodbye Tension, and Hello Pension!
It’s been said that you should never retire from something, but always retire to something. I like that piece of advice, but what seems to be more common is the situation where people retire and don’t know what they’re going to do with their time. Retirement planning entails more than just the financial aspect of […]