Retirement

Retirement and Real Estate

Real Estate in Retirement: Building Wealth and Securing Income

As you approach retirement, financial stability becomes increasingly important. Many retirees look for ways to maintain or even grow their income during this new phase of life. One strategy that’s become increasingly popular is investing in real estate. Whether it’s for generating passive income or protecting your wealth from inflation, real estate in retirement can […]

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Retirement Hardship Withdrawal

Retirement Hardship Withdrawal Pros & Cons

Retirement funds are meant to provide financial security during your golden years, but sometimes life throws unexpected challenges that require immediate financial assistance. One such option is a retirement hardship withdrawal. Understanding the intricacies of this process can help you make informed decisions during tough times. What is a Retirement Fund Hardship Withdrawal? A retirement

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Retire Inspired by Chris Hogan

Book Review: Retire Inspired by Chris Hogan

“Retire Inspired” by Chris Hogan is a practical guide aimed at helping individuals plan for a financially secure retirement. Hogan, a financial expert and retirement planner, outlines a clear path to retirement readiness through strategic planning and smart financial decisions. Who is Chris Hogan? Chris Hogan is a renowned financial expert, speaker, and author dedicated

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The Advantages of a 401(k) Retirement Savings Plan - A Financial Breakdown

The Advantages of a 401(k) Retirement Savings Plan – A Financial Breakdown

Many employers encourage participation of their 401(k) plans through matching employee contributions dollar for dollar up to a specific limit. Employer fits are a high-quality manner to boom your retirement savings because they’re a loose cash supply. It additionally provides tax advantages. When you take money from your retirement investments, you pay earnings taxes; your

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How to Incorporate Financial Life Planning into Your Family's Future

How to Incorporate Financial Life Planning into Your Family’s Future

Navigating the seas of comprehensive financial planning may seem daunting, but fear not! Setting a course for your family’s future doesn’t have to be a stormy endeavor. Incorporating financial life planning into your loved one’s roadmap is akin to having a state-of-the-art navigation system. It can help avoid financial pitfalls and chart a course to

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Retirement Annuity Payout Options: Lump Sum vs. Periodic Payments

Retirement Annuity Payout Options: Lump Sum vs. Periodic Payments

Annuities are financial products typically offered by insurance companies. They are designed to provide a regular income stream to an individual over a specified period of time, often during retirement. For this reason, they are favored greatly by senior citizens or those planning for their income during old age.  In 2022, annuity sales added up

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Maximizing Your Retirement Income with a Nationwide Fixed Index Annuity

Maximizing Your Retirement Income with a Nationwide Fixed Index Annuity

As you approach retirement, you want to ensure that you have a reliable source of income that will last as long as you need it. One option is a fixed index annuity, which balances security and growth potential. This blog will explore how a nationwide fixed index annuity can help you maximize your retirement income.

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LIRPs

All You Need to Know About LIRPs: A Rich Man’s IRA

In 2020, when I sold some of my website properties (details here), my Edward Jones advisor recommended that I set up a “rich man’s IRA” to which I looked at him dumbfounded asking what that was. He explained that many affluent people invest in LIRPs. LIRP stands for Life Insurance Retirement Plan. What’s about a

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