Why Securing A Mortgage Before Retiring Makes Sense

Pre-retirees who are thinking about changing their primary residence after they retire and who will need a mortgage to do so may benefit from making the move while they are still working. That will not always be possible, of course. If, for example, retirement plans include selling the house in New Hampshire and moving to …

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How To Survive A Bear Market If You’re Over 50

There are few things scarier than a bear market, but steep and sustained downturns in stocks are an absolute fact of investing life. Markets go through cycles; always have, always will. Most importantly, a patient, long-term investor who is diversified by his or her age, stage in life, and risk tolerance can not only wait …

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Income Annuities Take The Risk Out Of Retirement

Few adults would go without auto, home, life, or health insurance. But the kind of insurance that helps protect against the risk of running out of money in old age is still greatly underutilized. It’s called a deferred income annuity or longevity annuity. Most people planning for retirement should strongly consider an income annuity, and …

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How To Help Avoid Retirement Killers

If you’re starting to wonder if you’ll ever have enough money saved to retire, you aren’t alone. According to the Employee Benefit Research Institute’s 2022 Retirement Confidence Survey, only 28% of respondents said they were “very confident” they would have enough money for a comfortable retirement. And 58% said preparing for retirement makes them feel …

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How Psychology Affects Your Search For A Financial Advisor

Selecting the right financial advisor is an important but difficult decision. Key considerations include whether your prospective advisor has the right technical skills, charges fair fees, and puts your interests first. But which factors should you prioritize when finding the best one for you? Turns out, you should be looking at psychology. A 2019 Vanguard …

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Retirement Income Shouldn’t Depend On The Market, It Should Depend On Math

Market ups and downs can keep retirees on edge, worried about potentially big losses from which they may never be able to recover. And those worries aren’t necessarily misguided. From 1928 through March 2022, there have been 26 bear markets. A bear market is a market decline greater than 20% that lasts at least two …

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Retirement Needs Vs. RMD Rules And The QLAC

Are you entering retirement, but want to delay taking the full required minimum distributions (RMDs) from your retirement portfolio? Perhaps use the money to help secure the possibility of a long retirement instead? Say hello to the QLAC. QLAC stands for Qualified Longevity Annuity Contract. It’s a type of annuity that can be bought with …

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