The takeaway: There are 11 critical questions you’ll want to ask before you buy an annuity. Played right, annuities can alleviate any fear you might have of outliving your money. Played wrong, and you’ve needlessly parted with a lot of cash. Annuities are simple in concept, but the devil’s in the details. $$$ Part 1 … [Read more…]
The takeaway: The landmark Trinity Study shows the odds your retirement nest-egg will last as long as you do. Developed by finance faculty at Trinity University, the results of this landmark work apply to nest-eggs with lots of stocks–or lots of bonds. Take note ye readers fearful of stocks! The Trinity Study builds on the … [Read more…]
The Takeaway The 4% Rule tells you two things. First, it lets you know how much you can annually tap from your retirement nest-egg without it running dry. Second, it tells you how big your nest-egg needs to be to cover your retirement income needs. What’s not to love? 😀 This post is a step-by-step … [Read more…]
The takeaway. Health care expenses could be your biggest budget item in retirement. Estimates vary, but over the course of a 20-year retirement, a couple could spend in the $200,000 range–excluding long-term care costs. This post offers action steps to handle these expenses and protect against Medicare cuts. $$$ Last month, Mr. Boomer-Money-and-More got … [Read more…]
The takeaway: The perfect set-up for outliving your money is not knowing where the money goes. Some of you lovable miscreants don’t know where all the money goes. As such, you don’t really know how much income you’ll need in retirement or what expenses will and won’t carry over into retirement. *No problem!* (Almost.) 😉 … [Read more…]