The benefit of working with a Certified Reverse Mortgage Professional, a designation we are proud to have earned, is that we subscribe to a strict code of conduct and we are trained to help find financial solutions
when retirees need more income, reserves, or help mitigating a capital gains tax liability.
When retirees decide it's time to downsize from their family home and enter a retirement community, they can use this difference in value to supplement their income - generating investments.»
Retirees would have been better off without a DIA in simulations where portfolio returns are very high or
when retirees die early.
The reason for this speculation is that, despite the fact that «lost tax revenue» to the government, courtesy of pre-tax defined contribution plans is eventually made up decades down the road
when retirees withdraw their savings and pay taxes then, it doesn't count in the «budget scoring process.»
Fifty years ago, the owner / developer of the area planned on calling it Sunset but changed his mind
when retirees moving to the state objected to the name.
And even post-career,
when retirees are drawing money from their nest egg, the Buffett Portfolio has done quite well.
The reason is that doing so will prevent the cost of current services from being passed on to future taxpayers and ensure enough money is available
when retirees need it.
Even
when retirees sought private non-group insurance, this insurance didn't offset the negative consequences of being without employment - based insurance.
Another common response
when retirees were asked what they would do differently was to spend less.
«These waivers are supposed to be used as temporary solutions for the rare instances
when a retiree is the only person available and qualified to do a job,» said Tim Hoefer, executive director of the Empire Center.
When retiree health coverage for teachers is included, it is worth roughly an additional 10 percent of wages, whereas private sector employees often do not receive this benefit at all.
Additionally,
when retiree health coverage for teachers is included, «it is worth roughly an additional 10 percent of wages, whereas private - sector employees often do not receive this benefit at all.»
This arises
when a retiree begins a program of systematic withdrawals from their retirement fund just as the stock market goes into a bearish phase.
In return,
when the retiree dies, the surviving spouse or minor children get an annuity equal to 55 percent of the covered retirement pay.
The 5 -, 10 -, or 15 - year period starts
when the retiree's benefit payments start, not
when the retiree dies.
Not exact matches
More from Your Money Your Future: States are helping future
retirees get more cash from Social Security Retire to these overseas locations to get the most from your Social Security check Here's
when it makes sense to claim Social Security early
They can also push
retirees into higher tax brackets — especially
when a spouse dies and their income transfers to the surviving spouse, or the surviving spouse dies and all of the estate becomes taxable in the year of death.
Yet the Social Security Administration projects it will have enough money from payroll taxes to cover three - quarters of Social Security benefits it has promised
retirees after 2033,
when its trust funds run out, according to the 2014 trustee's report.
While the traits of happy
retirees aren't intended to serve as a checklist — after all, we're all individuals — they can help you map out what you might need, both financially and emotionally, to increase your chances of being happy
when you retire.
That's why we consider 13 categories which represent the most important criteria that
retirees must weigh
when shopping the globe for the best place to live.
Using the «claim now, claim more later» strategy,
retirees can claim some benefits now, and higher benefits later, by applying for spousal benefits instead of their own retired - worker benefits
when they reach full retirement age.
While U.S. savings bonds have lost popularity as a means of long - term savings due to the low interest rates they currently earn, some
retirees have been holding on to bonds that were issued
when rates were higher.
People tend to underestimate how long they might live: 43 percent of
retirees and 38 percent of pre-
retirees fell short by at least five years
when asked to gauge the average life expectancy for someone of their age and gender, according to a 2011 survey from the Society of Actuaries.
With the shift from pensions to individual savings, gone are the days
when many
retirees could rely on a regular check
when they retire — and as many as half of all workers lack access to employer - sponsored retirement accounts at all.
«
When I sit down with new
retirees, we look at whether they need life insurance at all and how much their policy costs,» he said, explaining that many people don't understand that their premiums may rise.
TIPRA also creates an opportunity for
retirees and other people with low taxable income to wait until years 2008 to 2010 to sell appreciated securities
when the capital gains rate drops to zero percent, thereby eliminating a capital gains tax liability.
That helps pensions match their investments with the income they need to produce over a long time horizon — exactly what many
retirees will need in an era
when people are living longer.
More than half of
retirees tell T. Rowe that they're living as well or better than they did
when they were working — and nearly two - thirds like not spending as much.
Governments, both national and local, may face rising demands for social services and income support from poorer
retirees at a time
when public finances are stretched,» McKinsey noted.
Megan Bradley, the director of recruitment services, said snowbird
retirees can pick up work
when they return in the spring through a temporary agency owned by the hospital, BulFinch Temporary Services.
Retirees will have a hard time maintaining their wealth
when they're being nickel - and - dimed by taxes and the high costs of living in this state.
Haskins and Prescher share in clear detail how
retirees can spend just a fraction of what their day - to - day life costs today yet sacrifice nothing
when it comes to quality, comfort, and safety.
When you look more closely at the issue, you can find several contributing factors that underscore the fears
retirees have.
This crisis will not only impact
retirees, but the next generation of workers, who will be left with the tab
when federal, state, and local governments are forced to expand to help millions of additional elderly Americans who will be living in poverty.1
When it comes to the recent improvement in state finances, one
retiree's pain is another one's gain.
Helping early
retirees was probably not top of mind
when the government passed the bill.
Retirees should pray for the best case so as to avoid seeing a bear market hurt they portfolio
when they don't have the savings to take advantage.
«We're setting ourselves up for somewhere, 10 years down the road,
when a lot of
retirees who didn't expect to live in poverty are going to be in poverty.»
Keep in mind, some of these states will get their money elsewhere — like sales or property taxes — but
when you're a
retiree, it's good to know how much of your retirement fund or pension you'll actually get.
Of course,
when it comes time for the system to begin paying out —
when the number of
retirees exceeds the number of new employees contributing to the system — the result will be a stock - market outflow.
The day may well come
when NYC
retirees have Bill de Blasio to thank for a default on their pensions.
While retirement planning models assume that
retirees will begin to spend their accumulated assets
when they stop working, our Issue Brief, «Asset Decumulation or Asset Preservation?
But
when you're a company looking to raise money, whether in a private placement or a public stock offering or a bond offering or anything else, you are not thinking about getting $ 1,000 at a time from a bunch of
retirees investing their small nest eggs.
The main ideas include not only saving your money and properly utilizing it
when you reach retirement but also considering what happy
retirees are doing and how their lives are set up.
This is
when many
retirees take advantage of their relative youth and newfound free time to pursue long - deferred dreams, such as traveling and taking up new hobbies.
Unfortunately, this has one major flaw, particularly
when applied to a
retiree drawing weekly funds from their investment.
That's why Panama wins out
when it comes to benefits for
retirees and ease of obtaining residence.
But
when the time comes to take withdrawals later on, you'll get hit with taxes as a
retiree.
A recent MetLife survey * highlighted how this choice shakes out
when it comes to retirement: One in five
retirees who took their pension or defined contribution plan, such as a 401 (k), as a lump sum depleted it in an average of 5 1/2 years.
Much has been written and discussed about reducing the vulnerability of
retirees during retirement but very little about reducing the vulnerability of investment firms
when plan participants reach retirement.