How long you expect to live is one of the key variables in retirement planning. In fact, the fear of living longer than anticipated has caused an increased interest among retirees in longevity insurance in the form of immediate annuities. Which is why I found data recently released from the Centers for Disease Control and Prevention on American life expectancy a little counter-intuitive....
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Year-End Retirement Savings Actions
The end of the year is approaching, but it may not be too late to make some retirement account decisions that can help you reduce your 2016 tax burden. In fact, for IRA accounts you have until your tax filing deadline (usually April 15 of the following year) to make a contribution that will count towards tax year 2016. With that in mind, here are a few last-minute moves you can make that will qualify you for retirement savings tax perks....
Defining the Ideal
Each individual has a vision of his or her “ideal” retirement: perhaps it’s being able to travel on a whim, or working on your golf game, or even just quitting the rat race to do work that you’re more passionate about, paid or not. When you’re one half of a couple, though, it’s imperative that this vision is shared with your partner so that both of your retirement years are ideal....