The “Best-Cast Retirement Strategi...

Are you close to retirement? Or does retirement seem so far away, you can’t even envision it? Whatever your time frame, you probably do want to retire some day. A 2011 study from the Metlife Mature Market Institute contains a lot of interesting information about how retirees and pre-retirees create a financially successful retirement. We always hear about the challenges of achieving a secure retirement, but this survey asked respondents who felt that they were successful in their work towards a “best-case” retirement strategy how they did it. The survey...
The 7.58% Cash Flow Solution!

The 7.58% Cash Flow Solution!

In today’s low interest rate environment, anything above a 2% return sounds pretty good, and if you can find something that “returns” a “guaranteed” 7.58%, that’s great, right? I saw the title of this blog post in an ad for an immediate annuity. For those of you familiar with immediate annuities, you’ll know what care the ad’s author has taken to make sure the 7.58% “solution” sounds attractive (like a rate of return?) while not being shown, deceptively, as a “return”.  The solution? Call it a...
Social Security Statements are Back

Social Security Statements are Back

Well, it took a while, but Social Security statements are now online, as promised. In addition, starting last February, the Social Security administration started mailing statements out again to workers age 60 and over. I tried signing up for my statement by creating a “My Social Security” account at www.ssa.gov.  For security purposes, you’ll need to take a security quiz that may tax your memory – it sure did take me on a trip down financial memory lane.   You may have seen this kind of security when you sign up for account access where security is needed....

The U.S. Budget – What Will It Mea...

Earlier this week, I was fortunate to attend the “Retirement Income Summit” offered by Investment News. Sessions at the Summit included the expected topics: investments, taxes, client behavior, insurance, retirement strategies, etc. One of the sessions I found extremely informative was the Washington Insider’s View, presented by Jamey Delaplane of Davis & Harmon, a D.C. law firm I remember from my early actuarial career as very involved in helping insurers understand and implement tax strategies on behalf of the insurers they worked for and the...