Archive - May 23, 2013

1
The Market At A Record High: Now What?
2
Young Adults: Begin Financial Planning Now And Benefit Later
3
Social Security Earnings Penalty?
4
The Big Pension Decision – Should You Choose A Lump-Sum or Monthly Annuity Payments?

The Market At A Record High: Now What?

This question has been one frequently asked by my clients and friends lately. What do we do now that the market is perched at a record high?  Do we buy into this rally, or do we sell out of it? This exposes the two emotions that can lead to failure with investing:  fear and greed.

Greed

I’m amazed how we tend to forget the pain of 2000-2002 and 2008-2009.  While we sit at record highs, the pains of yesterday seem to be a distant memory.  Greed is now peeking its ugly head around the corner once again.  I am hearing …

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Young Adults: Begin Financial Planning Now And Benefit Later

If you think financial planning is for older adults or those who are near retirement, think again. Some older adults have put things in place so they can retire well. Others may be panicking and trying to find a way to make up for a lack of retirement planning…so if you are a young adult, planning now will help you avoid belonging to the latter group when you get older.

Yahoo! published an article entitled “13 Money Lies You Should Stop Telling Yourself by Age 30″ and it gives some good food for thought about the ways you can …

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Social Security Earnings Penalty?

A good deal of misinformation is published about a so-called Social Security earnings penalty. Many are led to believe that if they earn money while collecting Social Security, they'll lose some of this benefit forever. Retirees should ignore all talk about a “penalty,” which only discourages prudent cost-benefit analysis.

The Social Security retirement earnings test affects those who earn income while claiming Social Security benefits before age 66, which is full retirement age (FRA) for those born before 1955. It impacts equally those who are claiming personal retirement benefits, spousal benefits and survivor benefits. Those who delay claiming their benefit …

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The Big Pension Decision – Should You Choose A Lump-Sum or Monthly Annuity Payments?

If you are fortunate enough to have this decision in front of you, you may be seeing some obvious reasons to take each of these options. Maybe you want to grab the cash now while it is available and invest in an IRA. Or maybe the idea of ‘guaranteed’ income for life sounds better.

Here are the key factors to consider:

Age & Health – Pension benefits are generally calculated based on a combination of years of service and final average salary. Also, life expectancy is used in determining lump-sum amounts. Therefore, typically women and those in good health …

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