Just look back a few days and see where I noted that all of Europe’s exchanges have gone into Bear Markets, which means that they are predicting Europe’s next recession, if it hasn’t already started, and now… 413 more words
Tags » Retirement Income
You are saving money in your 401(k), 403(b), IRA or other retirement accounts so you can have an income in retirement. Unfortunately, “defined contribution” plans do not guarantee you a lifetime income nor do you get a guarantee against losses that were selected in your market investment choices. 1,425 more words
According to this article there are two contrasting approaches to retirement planning. They are called the “safety-first” and the “probability” approach.
My understanding is that the safety-first approach is where a person figures out their monthly or annual expenses and then rations their nest egg by trying to meet this number they have calculated. 242 more words
Retirement Income Funds are something of a misnomer as there are a host of ways to fund retirement income and a sea of choices. For the purposes of this article we will confine ourselves to ‘guaranteed’ vehicles-more specifically to Indexed Universal Life and Fixed Index Annuity products both of which come with differing guarantees as they are both insurance products and, therefore, are backed by the insurance carrier underwriting the contract. 652 more words
Defined Contribution Pension Plans Landmines: This means that the retirement plan has a DEFINED set of terms that provides all of their participants a set CONTRIBUTION limit into these plans (meaning a set limit on how much you can physically place into these plans and no benefit will ever be set at a later date). 2,053 more words