If you have good genes and a healthy lifestyle, your increased long life means you may be negatively impacted by the new normal of low interest rates and the lack of
a real pension for life.
Not exact matches
thanks, and yes, a pittance of a
pension and regular checkups keep us on budget and head off any problems — best decision i ever made (financial or otherwise) was serving our country doing search - and - rescue, oil and chemical spill remediation, etc. (you can guess the branch of service)-- along the way, frugal
living, along with dollar - cost averaging, asset allocation, and diversification allowed us to retire early — Vanguard has been very good over the years, despite the Dot Bomb, 2002, and the recession (where we actually came out better with a modest but bargain retirement home purchase)... it's not easy building additional «legs» on a retirement platform, but now that we're here, cash,
real estate, investments and insurance products, along with a small
pension all help to avoid any
real dependence on social security (we won't even need it at full retirement age)-- however, like nearly everybody, we're headed
for Medicare in several years, albeit with a nice supplemental and pharmacy benefits — but our main concern is staying fit, active, and healthy!
In
real life, people eat donuts, decide not to go
for a run, and put off making payments into their
pension fund.
But more people claiming their
pension for longer has a
real life impact on our ability to pay
for pensions.
Given what he knows about National Insurance and
pension costs, he thinks that the right figure
for a
real - terms cut in funding over the
life of the next Parliament from the IFS forecasts is closer to 12 than to seven per cent.
The people i know are investing primarily to leave an estate, they are financially solvent and have spent a lifetime
living within their means, excess cash is not wasted, it is set aside
for an era when their children will face a future with No DB
Pensions, high
Real Estate charges, exorbitant Tuition Fees
for professional education, etc etc..
Sources on which prospective homebuyers may draw
for the down payment and the closing costs include savings, stocks / bonds, Individual Retirement Accounts (IRAs),
pension funds,
real state holdings,
life insurance policies, mutual funds or employee savings plans.
As he outlines in Pensionize Your Nest Egg, Milevsky has always emphasized the distinction between what he calls «
real»
pensions (guaranteed -
for -
life Defined Benefit
pensions) and capital - appreciation vehicles like RRSPs or Defined Contribution plans, which have to be «pensionized» (or «annuitized») before they can be considered to be «
real»
pensions.
In order to properly use Monte Carlo in retirement planning, dozens to hundreds of inputs need to change to reach a
Real World probability number:
Life expectancy, age of retirement, investment payouts, yields vs. share selling, investment returns, inflation, income goals, Social Security, all of the types of taxes,
pension payouts, annual cash flow surpluses and deficits, random earned incomes, replacing vehicles every ten years, allocation mix changes over time; and then duplicate all of that
for every investment individually, then
for the spouse, then account
for all of that compounding in every year, and the list goes on and on.
The type of property that is typical to be divided consists of
real property (such as land and the buildings on it), tangible property (cars, jewelry and furniture
for example) and intangible personal property (such as bank accounts, stocks and bonds, vested
pensions and
life insurance).
The issues that are typically addressed in mediation are issues related to children: legal custody and residential custody, visitation, child support, allocation of college expenses
for the children, health insurance,
life insurance; alimony and spousal support; division of
real property, including the family home; division of tangible personal property including motor vehicles, boats, furniture, furnishings, art work, etc.; disposition of other property accumulated during the marriage, including bank accounts, investment accounts,
pension / profit - sharing / retirement accounts, etc.; payment of credit cards and other debts, and tax matters including decisions relative to filing joint or separate tax returns and claiming the children as dependency deductions.
The Capital Markets group specializes in financing commercial
real estate
for owners and investors across the United States, securing capital from large institutions such as
life insurance companies, commercial banks, CMBS lenders,
pension funds, and specialty finance companies.