From: www.morningstar.com
Sequence of returns risk
Paul retired in 1990 with $1M in his account that was invested in the S&P 500.
Bill started out the same, but his ending values looked much different since he retired in 2000 and had much different luck than Paul.
While planning for retirement, many focus on the accumulation phase and fail to acknowledge how a negative…
From: www.morningstar.com
Our annual study suggests that new retirees can spend more from their portfolios.
Recent retirees haven’t had an easy time of it lately. When stock and bond prices both plummeted in 2022, many retirees saw big dents in their portfolio values; a typical portfolio made up of 50% stocks and 50% bonds would have lost about 16% for the year. While market conditions…
From: www.gobankingrates.com
Retirement marks a significant milestone in many people’s lives. This is the point when you take a step back from active employment and enjoy the fruits of your labor. But when this happens can vary widely, influenced by factors like health, financial readiness, and personal choice. In 2023, the retirement landscape in the United States and Canada shows…
From: www.aarp.org
Even if you escape the federal estate tax, these states (plus D.C.) may hit you
Note: Some states levy estate taxes on a person’s assets when they die. A few states tax inheritances. Maryland does both.
Most people don’t have to worry about the federal estate tax, which excludes up to $12.92 million for individuals and $25.84 million for married couples in 2023 (up…
From: CANNEX
This is a study among consumers ages 45-75. It is a corollary to a study of financial professionals focused on retirement planning approaches and the role of annuities. The primary focus of these two studies is to identify how a range of protected retirement solutions fit with approaches to retirement planning, and how often consumers and financial professionals consider or use annuities in…
From: Jackson National Life Insurance Company
An RMD is an amount you must begin withdrawing from a pre-tax, tax-deferred retirement savings account, such as your qualified variable annuity, by April 1 of the calendar year after you turn age 73 or the calendar year you stop working for the employer sponsoring an employer-sponsored plan if over 73.* † Subsequent RMDs are due annually by December 31. You can…
Go to page: What to Know About Passing Down Property
From: REAP, LLC. | Retirement & Estate Advisors & Professionals
Do you want to keep your home in the family? You have several options to pass down property, but it is important to consider what option works best for your loved ones.
How can you pass down property?
Go to page: Preparing Your Finances for Parenthood
From: REAP, LLC. | Retirement & Estate Advisors & Professionals
Parenthood is a major milestone. Are you ready for the financial changes that come along with having a child? New and expecting parents need to be prepared to cover all their little ones’ needs now and in the future — and there are some potential perks, too.
You can use this four-step checklist to help ensure you’ve covered your…
From: medium.com
And other key insights from a new T. Rowe Price study, including what makes retirees most content living in retirement.
In just a few years, I expect to reach work-optional status.
It’s been a long, hard slog, financially speaking, and things can certainly still go wrong.
That’s why I keep reading and writing about “retirement planning” (though, as I’ve written before, I…
Go to page: Single Versus Joint Life Insurance
From: REAP, LLC. | Retirement & Estate Advisors & Professionals
Life insurance gives you peace of mind that your partner will be taken care of when you are gone. If you are in a committed relationship, you can get that peace of mind with a single or joint life insurance policy. But what is the difference between the two, and which works best?
Single Life Insurance
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