PODCAST: Have You Heard of the 770 Account?
We have all heard of the 401(k) retirement account. Many others are familiar with the 529 college savings plan. But have you ever heard of the 770 account for creating tax-free income in retirement? Today, we discuss this little known provision in the IRS tax code with returning guest and long-time financial advisor, Mike Mitchell.
Retire Abroad and Offshore Your IRA
Secure your IRA from bankrupt politicians by taking it offshore and retiring abroad.
The 5 Best States for Retirees on a Budget
Perhaps calling New York, California, or Washington, DC home made sense during your working years. Now that you are reaching retirement, your priorities have likely changed.
Jerry Robinson: The U.S. Monetary System is a Ponzi Scheme (Audio)
“This whole thing is a house of cards…”
How Much Money Should I Save For Retirement?
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Since people are living longer today, the greatest fear that most retirees have is the fear that they will outlive their assets.
Why Did My Paycheck Go Down in 2013?
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Despite media reports warning of the impending payroll tax increase, many Americans were caught off guard when they received their first paychecks in 2013.
America’s Retirement Crisis Just Got Worse
“After conducting a grand experiment of consistent deficit spending with a completely worthless fiat currency, the colossal economic failure created by our nation’s policymakers will simply be spectacular.”
America’s Retirement Crisis Just Got Worse
After conducting a grand experiment of consistent deficit spending with a completely worthless fiat currency, the colossal economic failure created by our nation’s policymakers will simply be spectacular.
The Case for Long Term Care Insurance
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Have you ever known any one that has become impoverished as a result of going to the Nursing Home?
The State of Retirement In The United States
On this week’s program, Jerry Robinson, along with co-host Jennifer Robinson, discuss the state of retirement and how to retire early.
Can You Afford to Retire?
On this week’s program, Jerry and Jennifer Robinson discuss six major roadblocks to retirement today along with some tips and advice
Why a Single Person Needs Life Insurance
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Single people with no children often don’t need life insurance because no one is relying on their income. But there are some reasons why you might need life insurance if you’re single.
The Help You Need to Retire Early
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An all too common retirement planning mistake is going it alone. This usually results in missed investment opportunities, sloppy planning, and lax savings schedules. Enlisting the help of a financial planner is a smart move at any age to avoid retirement planning pitfalls.
How to Combat Inflation for Early Retirement
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Inflation is the biggest risk to any retirement savings plan, and woe to any retiree who underestimates its effects. Inflation is the increase in the money supply, which results in a sustained increase in the price of goods and services over time. Most experts agree that retirees need to assume an annual inflation rate of 3-4%, but a good retirement plan should account for periods of high inflation as well.
Avoid the Roadblocks that Prevent Early Retirement
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One of the biggest mistakes people make is waiting until their 50s or 60s to start planning for retirement. Waiting this long typically means that more sacrifices will have to be made and sometimes these sacrifices can be hard to bear.
A Diversification Strategy that Leads to Early Retirement
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A common investment pitfall is spending far too much time trying to pick individual stocks that will increase in value. It’s much more important to understand proper diversification.
A 401k Strategy that Leads to Early Retirement
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This week, John Bearss shows you a 401k strategy that leads to early retirement. Many investors fail to take full advantage of their employer’s contribution matching, which is just about the same as throwing away money.
A Savings Strategy that Leads to Early Retirement
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Do you desire an early retirement? Today, I want to share with you a savings strategy that leads to early retirement. This strategy is simple to say, but can be harder to follow.
Do I Need Life Insurance in Retirement?
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Should you go out and buy life insurance as you near retirement? The answers depend largely on your particular circumstances.
Make Smart Decisions with Your Pension Plan
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“Should I choose a single life annuity payout from my pension or a joint and survivor annuity payout, which will make payments to my spouse when I die?”
Is Estate Planning Only for the Rich?
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Estate planning allows you or anyone to implement certain tools now to ensure that your concerns and goals are fulfilled after you die.
How to Reduce (or Eliminate) the Taxes on your Social Security Income
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To reduce or eliminate the taxes on your social security income, you first need to understand the term “Reportable Income”. This is the total of all your incomes that is required to be reported to the IRS on your tax form.
Is it Too Late to Make an IRA Contribution for 2011?
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We recently got this question from an FTMWeekly radio listener: “I forgot to make my IRA Contribution for tax year 2011. Is it too late to make the contribution now?” NO. Here’s why…
College Board Report Shows Tuition Costs Continue to Soar
It is no secret that the cost of a college education continues to soar. But, by planning ahead you can determine which of several creative methods will work best for you. Some people will choose the 529 College Savings Plans that are available while others will choose using a cash value life insurance policy to help pay for these cost.
Retirement Minute: Four Questions That Current Medicare Enrollees Should Be Asking Now
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The Medicare open enrollment period is now here and this is the time during which people with Medicare can make new choices and pick plans that work best for them. Here’s four questions to be asking now.
Retirement Minute: Three Tax Planning Tips for 2012
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Here’s three tips to reduce your taxes in 2012. Now that October has arrived, I would like to challenge you to take this month and start planning for how you are going to reduce your taxes in year 2012. Your CPA can be a good source to help you with this planning by suggesting different tax benefits that you can implement.
Retirement Minute: Should You “Undo” Your Recent Roth IRA Conversion?
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If your Roth IRA has sustained losses as a result of the recent market downturn, you may want to consider whether it makes sense to undo your conversion. Here’s what you need to know.
10 Things Social Security Won’t Tell You
Worried about the future of Social Security? You’re far from alone. The Social Security Administration itself has said that unless something is done to reform the system, it will burn through its funds within the next few decades.
Retiree Benefits for the Military Could Face Cuts
As Washington looks to squeeze savings from once-sacrosanct entitlements like Social Security and Medicare, another big social welfare system is growing as rapidly, but with far less scrutiny: the health and pension benefits of military retirees.
Gen Y’s $2 Million Retirement Price Tag
Retirement won’t be impossible for Generations X and Y, but they will need to save considerably more than the baby boomers to make up for less employer and government help.
10 Shortcuts to Find a Retirement Haven Abroad
There’s no such thing as the world’s best place to retire. There are many appealing options for a new life in retirement overseas.
A Roth 401(k) may be in your future
When it comes to choosing the best place to stash your retirement savings, the answer, at least in part, depends on your likely tax situation once you stop working.
5 Questions Every Worker Should Ask Before Retirement
Wall Street’s recent turmoil has many investors questioning whether they will have enough to retire the way they’ve always dreamed, or to retire at all, for that matter.
Income for Life, Guaranteed! (Sort of)
Low interest rates and a weak economy make it hard for retirees to turn their nest eggs into paychecks. Some strategies for coping and cashing in.
Social Security to Worried Seniors: ‘We don’t know’
The risk of a U.S. default has incited panic among many older Americans, who are now calling the Social Security Administration to find out what’s going to happen to their monthly benefits if the debt ceiling isn’t raised by Aug. 2.
In response, the Social Security Administration has posted very specific instructions on its web site for how the representatives who are handling inquiries from the general public should respond.
The script is short, to the point — and not very comforting: “We’re sorry but we don’t know.”
New Government Study: ‘Difficult Choices’ Ahead for Retirees
After years of falling for the consumption trap, many aging boomers are now realizing that their dream of an early retirement is just that… a dream.
The Current State of Retirement – This Week’s Financial Strategy with John Bearss
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In this week’s Financial Strategy segment, we’ll be joined by Retirement Specialist, John Bearss, in a special extended interview. Jerry will discuss with John the current state of retirement. Our discussion will include some key ideas and strategies for those nearing retirement to consider.
SHOCK: Irish Government Raids PRIVATE Pensions To Pay For Spending
Editor’s Note: Ireland is in a tough financial spot. Unlike the U.S., it cannot simply print money to spend its way out of economic pain. So, with relatively few options, the Irish government is turning on its own citizens. Throughout history, governments have often sought to plunder the wealth of their own citizens through confiscation when they run out of options. It will be interesting to see how the citizens react to this one. Trust me, other governments with similar economic problems will be watching closely too. If little resistance is seen, expect more of this around the globe. It is because of stories like this one that I have been warning for years for Americans to keep their retirement funds diversified. 401k’s and traditional IRA’s are where Americans have been “trained” to store the majority of their retirement funds. For those of you who are interested in creating multiple streams of income in retirement, we are working hard to release a product just for you soon. Stay tuned!
New Study: Americans Raiding Retirement Funds Early
Nearly one-fifth of full-time employed Americans have raided retirement accounts in the past year to cover emergencies, according to a national Bankrate survey.
How to Borrow Money From Your Cash-Value Life Insurance Policy
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One of the main benefits of borrowing from your cash value life insurance policy is that the loan proceeds are generally not subject to income tax. But there are some caveats…