Retirement Planning

Working With Financial Planners

AARP:  “A widow just shy of her 90th birthday recently asked me to review her investment portfolio. This happens a lot: Much of my practice involves giving second opinions to other financial planners’ clients.  This widow had a reason to worry. She had been sold two expensive annuities — just about the last thing a…

Retirement Planning

Is A Roth IRA Conversion Right For You?

Seacoast Online:  “The Roth IRA, originally established as an attractive retirement savings vehicle for middle-income Americans, had been out of reach to high-income earners until now. As of 2010, investors of any income can convert retirement plans and IRAs to Roth IRAs. This means that even high earners who convert to Roth IRAs will benefit…

Retirement Planning

6 Ways To Use Your IRA

Bankrate.com:  Since its inception more than three decades ago, the individual retirement account, or IRA, has solidified its role as the investment tool of choice for long-term savers seeking tax-favored growth. Some 46 million U.S. households, or 39 percent, own an IRA, according to the Investment Company Institute, most with the intent of using those…

Retirement Planning

Time To Retire?

Yahoo! Finance: The first wave of Baby Boomers turned 65 earlier this year. Once, that was the official retirement age, the birthday after which you could spend entire Tuesdays on the golf course with no judgment. It was also the age at which people would start to look askance at the office. Indeed, a broad swath…

Retirement Planning

Planning Your Exit Strategy

Phoenix Business Blog: Death and taxes may be two certainties in life, as Benjamin Franklin once pointed out. But for business owners, there’s another sure thing: the time will come to exit the business. Yet, in working with business owners in peer advisory boards, I’ve found that most business owners don’t plan for that exit. They…

Retirement Planning

The Advantage of a Roth IRA

Free Money Finance.com: In looking at Wikipedia’s 401(k) IRA matrix that compares the benefits of a traditional IRA, a Roth IRA, a 401k and a Roth 401k, the following stands out as a BIG advantage of the Roth IRA: Forced Distributions: None. This is a huge advantage for Roth IRAs within estate planning. They’re right —…

Retirement Planning

Why You Should Delay Retirement

U.S. News & World Report:  Increasingly, Americans are pushing back their ideal retirement age. The age workers expect to retire rose from an average of 60 in 1995 to 66 in 2011, according to a recent Gallup poll. And a Harris Interactive survey released last week found that Americans age 55 and older plan to…