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Retirement is something many people dream of, but deciding when you’re financially ready can be tricky. It’s not just about the total sum in your savings account; it’s about making sure you can maintain your lifestyle, pay for healthcare, and weather any unexpected expenses without working. So, how can you know if you have enough […]
How to Know If You Have Enough Money to Retire Read More »
It goes without saying that those with less wealth are more susceptible to financial peril than those with more resources. But the difficult thing to grasp is how the view of American’s seems to ignore this simple truth, because the two socio-economic un-equals tend to use the same investments to grow their assets and to
For many retirees, pensions provide a sense of financial security, offering a guaranteed monthly income for life. However, according to the Bureau of Labor Statistics, only 15% of private industry workers had access to a defined benefit pension plan in 2022 . While this stability is valuable, pensions have limitations that can impact financial flexibility,
Pensions: Guaranteed Income, But at a Cost Read More »
In my last post I described how in preparing for retirement we should be thinking about how much income can be generated for taking a look at two different payment terms Yield vs. Distribution rate. In a nutshell it is important to make a distinction between what is true income from interest and dividends and
Building a Rock-Solid Retirement: How to Ensure Your Income Stands the Test of Time Read More »
When building your retirement income plan, you first need to have a good understanding of your goals, particularly your needs versus wants. An example might be: “I need $2,000 per month in income from my investments, and I want to leave $250,000 to my kids.” Second, you need to understand how investments pay you. While
How to Start Creating Your Retirement Care Plan Part #1 (Sufficiency) Read More »
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