Tag: retirement income
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Ask an Advisor: I Live on Social Security and Food Stamps – Can My Investments Survive a Down Market?
Sure, you don’t have the income to spare right now, and you won’t start drawing from your portfolio for a few more years, so...
If I Buy A $100,000 Annuity, How Much Cash Will It Pay Me Each Month?
An annuity is like a personal pension plan you buy for yourself. You give an insurance company a chunk of money – say $100,000...
Morningstar Gives the 4% Rule a Thumbs Up – Can You Trust It for Your Retirement?
There’s been an ongoing debate about whether retirees should abandon the “4% rule” for withdrawals from retirement accounts, a retirement income rule of thumb...
Here Are the Average Social Security Benefits at Ages 62, 67, and 70
When it comes to retirement finances, Social Security plays a huge role for millions of Americans. There are exceptions for some workers, but for...
Want to Minimize Retirement Taxes? Don’t Follow This Popular Strategy
Aside from drawing down tax-deferred accounts before claiming Social Security, one way to sidestep this “tax torpedo” is by having Roth assets.Remember, for someone...