Category Archives: Retirement

How to Write a Will If You Live in Texas

Sitting down to write a will can seem straightforward. After all, you’re just naming everyone who gets your money and property, right? However, a will is more complex than putting together a list. To be valid in Texas, a will

I’m 65 With $1.4 Million in an IRA. How Do I Make Sure This Money Lasts the Rest of My Life?

With $1.4 million in your IRA at age 65, you have a robust nest egg that could potentially fund a secure retirement of 25 years or more. However, making sure that money lasts will require prudent planning. You’ll need to

Is a Soft Retirement the Right Move for You?

When you picture your retirement, what comes to mind? You might envision yourself relaxing on a beach, spending time with family, traveling the world, or participating more in your favorite hobbies. It’s an exciting vision of a luxurious, enjoyable life.

Ask an Advisor: We Have $1.2 Million in IRAs and Only $10k in Cash. Should We Use IRA Withdrawals to Build Our Emergency Fund?

I am 64 ½ and have been retired for just over a year. I am receiving Social Security benefits, a bit early, but have not touched my nest egg except to withdraw $10,000, which I placed in a high-interest savings

What Is a Guaranteed Lifetime Annuity?

Ensuring that you have enough income to cover your living expenses and support your lifestyle is one of the central financial challenges of retirement planning. Guaranteed lifetime annuities are designed to help retirees do just that, providing a stream of

Required Minimum Distribution (RMD) Calculator

Use SmartAsset’s RMD calculator to see what your required minimum distributions will look like now and in the future. Enter your retirement account balance at the end of the previous year, your age and the expected rate of return on

What Is The Five-Year Rule For Social Security Disability?

Being approved for Social Security disability benefits can be a lengthy process. If you’ve been through the ordeal once, you may have heard there’s a “five-year rule” that can streamline things if you ever need to seek a new round

Is It Better to Take Annuity Payments Monthly or Once Per Year?

A lot of retirees use annuities to simplify their income stream in retirement but that doesn’t mean annuities are simple. Beyond choosing what kind of annuity to purchase – immediate vs. deferred and fixed, indexed or variable, you’ll also need

The Ins and Outs of Final Salary Pensions

How do you envision your golden years? For many, it means traveling or just relaxing on sun-kissed beaches, free of the daily grind. Financial security, however, is crucial to a truly idyllic retirement. The golden ticket to that blissful state

How to Simplify Daily Life as a Retiree

Your daily life is going to change as a retiree. It’s important that you remain adaptable during this transition if you’re going to remain healthy and thrive. One of the best ways to set yourself up for success is to