ALI Cannex Protected Retirement Income and Planning (PRIP) Report

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…

Understanding your required minimum distribution (RMD)

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…

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?

• Your Will: Your will is an important document that leaves directions for your belongings after your death. You can designate…
  
  Read More

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…

Surprise! The Greatest Retirement Spending Changes Come from What Now?

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…

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

• Coverage: As the name…
  
  Read More

Retirement Risks for High Income-Earners

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

Even middle- and upper-income earners face retirement risks. What are some of the biggest risks, and how can you preserve your financial security in retirement?

The Risks

• Volatility: Your retirement portfolio could be impacted by market volatility. Will you be prepared if your planned retirement date is in the middle of a market downturn?
• Longevity: Longevity is a wonderful…
  
  Read More

Does the 4% rule still make sense for retirement in the 2020s?

From: www.financial-planning.com

Rules of thumb are popular for a reason. They’re simple, familiar and can set a good starting point for grappling with complicated questions. But in retirement planning, there’s one guideline that experts say is badly in need of an update: the 4% rule.

The idea is straightforward: Over the course of your first year of retirement, withdraw about…

HECM vs HELOC

Before you consider a HELOC, there may be a better choice, exclusively for you. A Home Equity Conversion Mortgage.

• If you are 62 or older
• If you don’t want to make required monthly mortgage payments
• If you are planning on living in the home for at least several years
• If you are interested in a flexible line of credit that is available when you need it

For many people, a Home Equity Conversion Mortgage (HECM)…

The Importance of Our Pet Families!

For some of us, our families are spread out all over the country, maybe even the world in some cases. Not all of us are fortunate enough to have our loved ones as close as we would like, but we are lucky to enjoy the company of our furry family that help to keep us active and lift our spirits daily.

Many Americans are choosing to age in place. A large part of…