Let me state up front that I don’t subscribe to the traditional retirement systematic withdrawal planning strategy. The approach to which I’m referring is the application of a fixed percentage, e.g., 4%, to an investment portfolio on the date of retirement to determine the annual withdrawal amount for the rest of your life. There are […]

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Don't be guided and mislead by statistics. There's no magic age at which you should retire, and you should plan for a range of retirement ages.

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This is the time of the year when a lot of people are scrambling to get their tax returns prepared by the April 15th filing deadline. One of the perennial obstacles that I encounter when preparing income tax returns for my clients is the ability to take a deduction for medical expenses. Medical expenses — […]

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As with all retirement income planning goals, you need to work backwards from your target date, which would be the age at which you would like to retire.

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There’s been a lot of publicity in recent weeks about Genworth, the industry leader, increasing long-term care insurance premiums by 20% to 40% on new policies for single women beginning in April. The spotlight on long-term care was elevated by Genworth’s recent announcement that it’s suspending sales of individual long-term care coverage in California effective […]

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An essential element of retirement income planning is long-term care planning. Physical and cognitive long-term care events are commonly experienced in the latter stage of life. In addition to the physical and emotional strain placed on caregivers and family relationships, the cost of care for an extended period is financially draining in the best of […]

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Long-term care planning, and, in particular, long-term care insurance is getting a lot of attention with gender-based pricing just around the corner.

The post Consider the Future Purchase Option When Buying Long-Term Care Insurance appeared first on Retirement Income Center.

In retirement planning, there's often a focus on comfort in the early years without considering possible financial and longevity risk in the later years.

The post Insure Your Longevity Risk with Social Security appeared first on Retirement Income Center.

As a society, we’ve been fascinated by and fixated on numbers for a long time. This pertains to financial planning, where the common thread of various strategies is the calculation of an amount that must be accumulated by a future date in order to fund a particular financial goal. It applies to onetime disbursements such […]

The age at which you retire shouldn't be taken lightly since it may be the most significant factor in your ability to receive full Social Security benefits.