Revisit your investment portfolio for retirement
Fri Aug 21, 2009 | | Posted in Finances Retirement
Revisit your investment portfolio for your retirement and make sure it provides enough income to maintain your lifestyle, has liquidity in case of an emergency or unexpected setback, and offers long-term growth potential to help offset inflation and build assets for the future. Such a portfolio includes the following key components: Guaranteed income These sources … Continue Reading »
At 61, here is my research about Social Security
Sat Apr 25, 2009 | | Posted in Finances Retirement
I never bothered to learn about social security and accordingly my benefits. Now that I am getting closer and closer to retirement, I thought about doing some research. I just turned 61 so I must know. Almost every year, the Social Security Administration send me a letter stating what my benefits would be. It also … Continue Reading »
Tips for tax-advantaged investing for a lifetime
Wed Apr 15, 2009 | | Posted in Finances Retirement
Whether planning for retirement, making an effort to reduce income taxes or maximizing current income, there are many excellent tax-deferred or tax-deductible investment options to consider. There are also many tax advantaged accounts from which your financial adviser can choose, based on your goals. A good financial adviser will work with you to develop a … Continue Reading »
How to protect your retirement accounts from predators
Sat Apr 4, 2009 | | Posted in Finances Retirement
Oops! I meant to say creditors. Sorry for the slip up. You have earned a respectable income all your life. Now you are retired or out of work. In this lousy market, the value of investment in your retirement account is down and perhaps way down. What happens to your company-sponsored retirement accounts that you … Continue Reading »
Tips For How Much Money Needed To Retire Comfortably
Thu Mar 26, 2009 | | Posted in Finances Retirement
Searching for some information through my favorite search engine, I came across a statement. “There is no rule of thumb per say how much you need to retire comfortably.” Most financial advisers agree that, perhaps, the first few years of your retirement, your yearly income should be about 80% of your income just before you … Continue Reading »
Retirement must be one of your biggest financial goals
Fri Feb 20, 2009 | | Posted in Finances Retirement
Like the saying goes, when the going gets tough, the tough gets going. When the financial markets get tough, people who save for retirement have to be even tougher. The market, no doubt, is extremely volatile. You, as an investor, would be tempted to cut back on your saving. Please don’t. If you have stashed … Continue Reading »
Not Wise To Withdraw From Retirement Assets Before Its Time
Sun Feb 8, 2009 | | Posted in Finances Retirement
Scores of people lost jobs in recent months, to the tune of 2.6 million in 2008 – the highest level in more than six decades. The total number of unemployed Americans rose by 632,000 to 11.1 million. Hopefully, you are not one of them. You might have a severance package and a few months’ worth … Continue Reading »
Funnel your credit-card rewards into retirement savings
Mon Dec 15, 2008 | | Posted in Finances Retirement
Historically, different credit cards have offered a variety of cash back rewards. For example, Frequent-flier miles, Cash-back rewards, Gas rebates, etc. Now you can funnel your credit-card rewards into retirement savings. Beginning Wednesday, December 10, 2008, you can apply for Fidelity Investments’ new Retirement Rewards Card at 800-343-3548 or at www.fidelity.com/retirementrewards. After you’ve earned enough … Continue Reading »
