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JOIN THE CLUB

Jan 21, 2019

This week’s article caught my eye at the outset when it stated “In case you didn’t know, there is such a thing as a lifetime income club. Of course, it goes by another name: annuities.” The author of the article, the Chief Academic Officer of The American College of...

THE BIG SURPRISE

Jan 14, 2019

Have you ever thought about why people haven’t saved more for their retirement? “Financial shocks leave a mark on financial outcomes such as your ability to retire,” said one of the authors of RAND’s study on savings regrets. “The shocks can be quite serious and set...

GOALS

Jan 7, 2019

With the New Year, we often reflect on goals and resolutions. This week’s article tells us “Surveys of retirement-age baby boomers indicate they no longer seek high growth in their portfolios. Instead, they express a desire for guaranteed lifetime income, safety of...

HEALTH AND MONEY

Dec 17, 2018

Did you know there are studies that indicate health declines with retirement, and thus health costs increase. “For many people, retirement is a key reward for decades of daily work—a time to relax, explore, and have fun unburdened by the daily grind. For others,...

ROLE IN RETIREMENT PLANNING

Dec 10, 2018

This week’s article tells us that “Annuities play an important role in retirement planning by helping individuals guard against outliving their assets. In the most general sense, an annuity is an agreement for an entity (generally a life insurance company) to pay...

A COMPLEMENT

Dec 3, 2018

“An annuity serves as a complement to other retirement income sources, such as Social Security and pension plans.” One of the reasons is because “all the money you invest compounds year after year without any tax bill from Uncle Sam. That ability to keep every dollar...