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Retirement Income

Trying to Encourage Millennials to Save for Retirement? Three Key Factors to Consider

Jerry Patterson | Posted 08.26.2014 | Money
Jerry Patterson

Here are my top three things to consider if you're trying to encourage millennials to save for retirement.

Lump-Sum vs. Income Payments: Why Do So Many Retirees Take the Money and Run?

Jerry Patterson | Posted 08.13.2014 | Money
Jerry Patterson

The moment we're faced with deciding whether to take a lump sum often happens at the moment of retirement, which also means it's the moment our paycheck is turning off. Similar to a light switch turning off.

Sudden Wealth From Retirement?

David A. Dedman | Posted 08.12.2014 | Money
David A. Dedman

You made it. You are retired. Your new job will be doing whatever you want! Sounds good, right? Retirement can be a wonderful time. It's a Life Even...

'Click': Are You Ready for the Big Switch?

Jerry Patterson | Posted 07.22.2014 | Money
Jerry Patterson

At the moment of retirement, our paycheck stops like a light switching off. (Click!) For many, Social Security checks are significantly lighter than a regular paycheck, and yet, most of us still do next to nothing to adjust to this new reality.

Longevity Annuities: Buying Peace of Mind

Terry Savage | Posted 07.22.2014 | Money
Terry Savage

The dread fear of retirement is living so long that you run out of money. Of course, there will be Social Security, but as many seniors are finding o...

Spend It! You Earned It. 5 Great Ways to Begin Spending Your Kids' Inheritance Today

Jerry Patterson | Posted 08.12.2014 | Money
Jerry Patterson

Bucket lists do not just have to be the subject of movies. Write one. Make it ambitious. Start checking it off. Climb that mountain. Visit the seven wonders. Take those dance lessons. Buy that weekend car you always dreamed of driving

The New Retirement: Beginning With the End in Mind

David Giegerich | Posted 07.28.2014 | Fifty
David Giegerich

t is important to not be overwhelmed by the steps, but to embrace the goal. Once these steps are taken, it sets the groundwork of planning that opens the door to the important work of investment selection and asset deployment

"You're Fired!" 4 Survival tips for a 30-year Termination, aka Retirement

Jerry Patterson | Posted 07.12.2014 | Money
Jerry Patterson

What would happen to you right now if you were unemployable for the next 30 years? It would be a disaster for many, if not most people. Some would be forced to take dramatic measures to stay fed, clothed, warm and safe.

Congrats! You've Been Auto-Enrolled -- Now What?

Jerry Patterson | Posted 07.01.2014 | Money
Jerry Patterson

Congratulations! You were just automatically enrolled in a 401(k) plan by your employer. Should you be relieved or should you call the police?

5 Important Money Habits You Can Start Before You're 25

Jerry Patterson | Posted 06.10.2014 | Money
Jerry Patterson

The earlier you begin saving money and the earlier you begin managing debt, the more likely you will be able to react to the challenges and opportunities that lie ahead.

Take the 10 Percent Challenge and Get on the Road to a Wealthier and Healthier You

Jerry Patterson | Posted 05.12.2014 | Money
Jerry Patterson

We borrow. We spend. For many of us, we find very little room to save for the future. We stress over finances which can often lead to, or contribute t...

Zombies, Peanut Butter, Jam and Your Retirement Savings

Jerry Patterson | Posted 04.21.2014 | Money
Jerry Patterson

In all seriousness, it's clear from this study and many others that people are quick to say they want more choices and options when asked about nearly anything. This thinking can go a long way in retirement savings as well.

Lesson from Mike Tyson: Stop Admiring Your Balance; Start Fighting for Your Retirement

Jerry Patterson | Posted 04.14.2014 | Money
Jerry Patterson

As we go through life, the economy ebbs and flows. You work hard. You bring home a paycheck. You pay your bills. Hopefully you have money saved for retirement.

Your 401(k) Plan Sounds Like a Great Deal, But Is It?

Megan K. McAvoy | Posted 04.12.2014 | Money
Megan K. McAvoy

These questions are important to consider as you determine what percentage of pay you will contribute to your 401(k) plan.

The Walking Dead Meet the Retirement Drifters

Jerry Patterson | Posted 04.06.2014 | Money
Jerry Patterson

What does life in the aftermath of a zombie apocalypse, battling zombie hordes, dealing with predatory human survivors, and trying to maintain one's humanity in a hostile world have in common with the struggle to prepare for and survive retirement? Actually, quite a bit.

Will More People Be Working Longer As They Live Longer?

Sara Rix | Posted 04.02.2014 | Fifty
Sara Rix

Before taking the leap into retirement, we need to give a lot of thought to how prepared we are for 20 or more years without a paycheck. The most important question, of course, involves income and expenditures, those we can anticipate and those that are harder to predict, such as long-term care. And will there be enough left over to pay for some of the fun things we have been looking forward to?

Move Over Spandex: 10 Resolutions Designed to Better Prepare You for Retirement

Jerry Patterson | Posted 03.31.2014 | Money
Jerry Patterson

Push the spandex and marathon aspirations to the side for a minute. New Year's resolutions shouldn't just be about physical fitness.

Make Exercising Your Financial Health This Year's Resolution

Jerry Patterson | Posted 03.25.2014 | Money
Jerry Patterson

Start by developing a list of financial resolutions you want to achieve before retirement. Keep them simple and keep them doable. Then narrow that list down to the ones you want to achieve this year. Here are a few simple steps that can pack a lot of punch.

What Can Monkeys Teach Us About Saving for Retirement?

Jerry Patterson | Posted 03.17.2014 | Fifty
Jerry Patterson

It's hard to save money. It's really hard. It's hard for monkeys and it's hard for us humans as well.

Grill Your Adviser About Retirement Income

Market Watch | Robert Powell | Posted 10.03.2013 | Fifty

Is your adviser qualified and competent to provide retirement-income advice? Plenty of advisers might know how to help you save for retirement, but...

This 1 Chart Shows Why Social Security Is So Important

The Huffington Post | Jillian Berman | Posted 08.15.2013 | Business

With Washington leaders continuously debating the future of Social Security, it can be easy to forget just how important the program has become to ret...

More Retirement Income

Terry Savage | Posted 10.06.2013 | Business
Terry Savage

You are just hoping your money lasts as long as you do. You're trying to figure out how much is "enough" -- and how to stretch it out over your lifetime. So you keep working, and keep saving -- and keep your fingers crossed that it will all work out.

14 Enjoyable Ways To Earn Some Extra Income

U.S. News and World Report | Robert Berger | Posted 06.30.2013 | Fifty

If you’re like many retirees, you could use a little extra money to get by, beyond your retirement savings and Social Security. Or maybe you’re ju...

Turning On the Retirement Income Faucet

Jacob Gold | Posted 02.11.2013 | Money
Jacob Gold

For decades, the primary focus of retirement planning has been on the accumulation phase, and building up one's nest egg. But in recent years, it's become all too clear that having a solid strategy in place during the spend-down phase is equally, if not more, important.

Four Tips for Planning Your Retirement

Women & Co | Posted 07.09.2012 | Money
Women & Co

The question is, how do you figure out just how much savings you'll need for the life you want? Here are four simple steps to get you there.