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SeniorSite - Seniors Retirement |
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Retirement Planning: Pre-Planning Your Retirement
If you’re like many Americans, you’ve probably enrolled in a
401(k), Roth IRA, or other investment vehicle in the hope of one day enjoying
the fruits of your labor. But just putting money aside for a later date isn’t
enough. You need a strategy to grow those savings to carry you along the road
ahead. More » |
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Make sure your retirement money will last
We're living longer! That's both good and bad news. If life really begins at 40,
this news means more of us will be enjoying life-a lot longer. It also presents
financial planning challenges we will be forced to deal with. More » |
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A bad market in early retirement can be devastating
Managing money during retirement is very different than managing money before
retirement. During the accumulation phase, an emphasis is placed on attaining
the highest returns. But when the time comes to begin withdrawing money,
avoiding losses is significantly more important than achieving high returns - especially during the early years of retirement.More » |
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Retirement Planning - Buying Variable Annuities
An annuity is a series of payments. If the amount of the
annuity varies, it is called a variable annuity. Life insurance companies sell
variable annuities, which are tax-deferred investments. If you buy a variable
annuity, you select from a range of mutual fund-like investments called
subaccounts.More » |
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Retirement Planning - Defined-Contribution Plans
You may work for a company that provides a traditional
pension plan. A traditional pension plan pays a fixed amount to qualified
participants, or pensioners. The amount is determined by the participant's
salary history and years of service. A traditional pension may, or may not,
include a cost-of-living adjustment (COLA).More » |
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Retirement Planning - Estate Planning & Taxes
When you die, you want to be sure that your estate goes to your desired
beneficiaries. Estate planning is the process of naming those beneficiaries and
managing the tax consequences of passing your wealth to those institutions or
individuals. If your estate exceeds a certain value, you owe estate taxes.More » |
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Retirement Planning - Buying Variable Annuities
If you work for a small business that offers a retirement
plan, your employer may offer a SEP, SIMPLE or qualified retirement plan. Small
businesses are those that generally have less than 100 employees. Business
owners can also participate in these plans to provide for personal retirement
benefits.More » |
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Retirement Planning - Your Social Security Benefits
Social Security is the retirement-income security program run by the Social
Security Administration (SSA), an agency of the federal government. An estimated
47 million Americans will receive basic Social Security benefits in 2004.More » |
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 Seniors
selecting reverse mortgages
Older homeowners dreaming of ways to stay in a home and draw on its value for
living expenses, health care or home improvements are jumping on record low
mortgage rates and high home values to finance their dreams. |
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Saving During Retirement Means Maximizing Returns on Your Fixed Income
