This is a follow-up to my last article about the role that immediate income annuities could have in providing additional income for someone running low on income in retirement. The focus was on Single Premium Immediate Annuities (SPIAs), a type of fixed income annuity. But there are two other types of annuities: indexed and variable. The main … Read more
My newest book, Redeeming Retirement: A Practical Guide to Catch Up, is targeted mainly at those aged 35 to 65 who are behind in saving for retirement (or think they might be). But I don’t ignore those who are already retired and discover (a little too late in some cases) that they didn’t save enough. … Read more
Since my last post, I’ve done complementary financial coaching calls with some blog subscribers. Whether as the primary topic of discussion or a related one, investing for (and in) retirement came up fairly often. Investing is an important topic. Whether you’re a DIY investor or working with an advisor, it’s good to have at least … Read more
I announced earlier that I would soon publish my next book, Redeeming Retirement: A Practical Guide to Catch Up. I’m excited to announce that it’s been released and is now available on Amazon in both paperback and Kindle editions! In this article, I want to tell you more about it and offer some giveaways to celebrate … Read more
This article is the second about the incoming Biden administration and its plans and proposals that could be most impactful to those planning for or already in retirement. I wrote these articles because part of wise retirement stewardship involves understanding the changing “times and seasons.” As Dan. 2:21 says, He changes times and seasons; he … Read more
As you know, I don’t “get political” on this blog. That doesn’t mean I don’t care about politics; I do. I focus on other things here, but when the political winds change as dramatically as they have, it’s important to understand (and plan for) possible changes in the tax code and other policies and laws … Read more
I think many retirees, especially those with fewer savings, should strongly consider the “cash bucket with income floor” strategy that I discussed in the last article. If you have a pension or annuity income, or cash value in a permanent life insurance product, in combination with Social Security, then you already have an “income floor.” … Read more
This article is the second in a three-part series on the “Bucket Strategy.” The bucket strategy is a good one, but it’s not perfect. I have been using a version of the bucket strategy since I retired in 2018, structured in what I would call a “strategic growth and income” portfolio. Overall, I still think … Read more
The coronavirus pandemic and corresponding market crash will likely cause the retirement “Cash Bucket Strategy” to become more popular. As Dave Ramsey often says, “cash is king.” Earlier this year, as the COVID-19 pandemic ensued, like lots of other retirees, I watched as my retirement investments took a huge hit. Early estimates were that millions … Read more
