How to generate reliable income in retirement? It’s becoming the new holy grail for the financial services industry in the wake of the 2008 crash. But if your workplace retirement plan is handled through a mutual fund, brokerage firm or bank, the retirement income solutions offered most often are simply strategies for decumulation of your [...] [...more]
Saving and investing for retirement is tough enough. But making a plan to spend your nest egg is an equally critical challenge. Most Americans don’t have a “decumulation” plan–that is, how much to draw down from savings and when. A majority of pre-retirees (over age 55) can’t identify a “rule of thumb” for an appropriate [...] [...more]
The political turmoil and funding problems swirling around government pensions have prompted some readers to wonder whether they should just take the money and run. The question I’m hearing: If I’m near retirement, is it better to opt for a lump sum payment on the way out the door and leave behind all this noisy, [...] [...more]
Ultra-low interest rates brought on by the 2008 financial crisis have been great for borrowers, but they’ve been a nightmare for retirees who depend on low-risk yield on savings to meet living expenses. Over the past several years, many retirees living on fixed incomes have been forced to cut expenses, eat into principal or rely [...] [...more]
Retirees counting on low-risk interest rate investments for income could get some relief over the next 12 to 24 months, argues Barry Glassman, president of Glassman Wealth Services. Pointing to the recent jump in interest rates, Glassman thinks rates could continue rising over the next 12 to 24 months, setting the stage for much more [...] [...more]
