Share this
I’m Behind on Retirement Savings at 45, 50, or 55. Now What?
by André Small, CFP®, MBA, A Small Investment, LLC
Most retirement advice starts with the same assumption: The sooner you build retirement savings the more time you have to let compounding do the heavy lifting.
Many people reach their mid-40s, 50s, or even 55 and realize their retirement savings aren’t where they should be. And in most cases this is due to other priorities: raising kids, paying off student loans, buying a home, starting a business, or helping parents.
Others simply never had access to a retirement plan or didn’t earn enough early on to save much. Whatever the reason, you’re not alone, and more importantly, you’re not out of time.
This post is for those who feel “behind” but are ready to catch up. Honestly, strategically, and without shame.
Should I Consider an Annuity to Guarantee Retirement Income?
By Raman Singh, CFP®, Singh PWM
Why So Many Retirees Ask About Annuities
One of the most common questions I hear from people approaching retirement is “Should I buy an annuity to guarantee income?” And honestly, it’s a good question. Annuities are advertised everywhere, usually with phrases like “pension-like income” or “peace of mind for life.” On the surface, it sounds like the perfect solution, right? A steady paycheck for as long as you live. But like most things in financial planning, the reality is more complicated.
Here’s the thing, annuities can actually do two things really well, though there’s always a cost. First, they can guarantee you lifetime income, which means you don’t have to worry about outliving your money no matter how long you live. Second, depending on the type of annuity, they can protect your principal, sometimes all of it, sometimes a portion of it, if the stock market takes a dive. So for someone who wants certainty, an annuity can feel like a safety net.
How to Use the "Rule of 55" for Early Retirement
by Michael Reynolds, CFP®, Elevation Financial LLC
The topic of inflation and its far-reaching impact on the economy has dominated the news in recent years. And while it’s keenly felt at the gas pump and grocery store, it can have an even more insidious, and often hidden, effect: quietly derailing a retirement plan.
In this article, I discuss what inflation is, why it matters for retirees, and which strategies can help protect your retirement investments over the long term.
What Is Inflation?
Inflation is the persistent and broad increase in prices, or the decrease in the value of money over time. It is largely influenced by supply and demand.
Following along with the blogs of financial advisors is a great way to access valuable, educational information about finance—and it doesn’t cost you a thing! Our financial planners love to share their knowledge and help everyone regardless of age or assets.
Share this
Subscribe by email
Good Financial Reads: Make Every Dollar Work Harder in Retirement
Good Financial Reads: Cash Flow Planning
