Retirement planning
Retirement planning is more important that ever, considering longer life spans, Long Term Care needs and potential Medicare cut backs. Employer Pension plans are great but many are being cut back L.A Times or converted to 401k rather than defined benefit.,or you do not have one, it’s more and more important to save on your own.
Check the links below email [email protected] or call us 310.519.1335 on various ways to increase your savings for retirement as Social Security is only considered the BASE for retirement benefits (estimator)
If you ever worked for a company or put money into a plan, but do not remember where it is, etc. try these ideas to locate your missing retirement funds.
Resources & Links
Jackson National Retire on Purpose Resources
Nolo – IRA, 401k and other retirement plans
Defined Benefit Plans
Daily Breeze Article on San Diego’s unfunded liability
“America’s Finest City” is in a fine mess. Its unfunded pension liability — the gap between the value of its pension assets and its obligation to retirees — stood at $1.17 billion at the end of January. It faces anadditionalshortfall of $545 million for retiree medical benefits.The seaside city of 1.3 million people would need to double its pension contribution to $259 million next year — or about one-tenth of its annual budget — just to avoid falling further behind, said April Boling, who heads Mayor Dick Murphy’s Pension Reform Committee. That’s more than three times what it spends on parks and seven times what it gives libraries.
Later retirement age proposed
Boling, who is also Murphy’s campaign treasurer, isn’t shying away from the b-word. She says the city will need to sell $600 million in bonds over three years and raise the retirement age to 62 from 55, among other things. “If the city doesn’t follow our recommendations, we will be headed toward bankruptcy,” Boling said. “That is a fact.”
IRS Types of Retirement Plans
Individual Retirement Arrangements (IRAs)
Roth IRAs 401(k) Plans 403(b) Plans
SIMPLE IRA Plans (Savings Incentive Match Plans for Employees)
SEP Plans (Simplified Employee Pension)
SARSEP Plans (Salary Reduction Simplified Employee Pension)
Profit-Sharing Plans Defined Benefit Plans
Employee Stock Ownership Plans (ESOPs)
409A Nonqualified Deferred Compensation Plans
Learn More on our Social Security Website
Will you have enough for retirement?
Retirement Calculators
360 Degrees of Financial Literacy
American Institute of Certified Public Accountants - 401(k) plans
American Institute of Certified Public Accountants - Retirement Planning Basics
Blueprint Income - Build A Personal Pension Calculator
Blueprint Income - Guaranteed Annuity Income Rates Calculator
Choose-to-Save - Ball Park E$timate
Financial Calculators: Retirement Savings
Motley Fool - How Will Retirement Effect My Expenses
Living Benefits - Universal Life - Long Term Care - Be your own beneficiary
View other pages in the Retirement Planning Section.
http://retirestronger.com/
http://retirestronger.com/
$1 million nest egg isn’t enough
https://www.cnbc.com/2017/11/30/even-a-1-million-retirement-nest-egg-isnt-enough-anymore.html
$1 million nest egg isn’t enough
https://www.cnbc.com/2017/11/30/even-a-1-million-retirement-nest-egg-isnt-enough-anymore.html
Hi Steve, here are some retirement guides I thought your audience would be interested in.
Saving for Retirement
https://www.moneygeek.com/financial-planning/resources/saving-for-retirement/
Smart Spending in Retirement
https://www.moneygeek.com/seniors/resources/smart-spending-in-retirement/
The Social Security Guide
https://www.moneygeek.com/retirement/resources/social-security-guide/
How to Start an Encore Career
https://www.moneygeek.com/careers/encore-careers/
Hi Steve, here are some retirement guides I thought your audience would be interested in.
Saving for Retirement
https://www.moneygeek.com/financial-planning/resources/saving-for-retirement/
Smart Spending in Retirement
https://www.moneygeek.com/seniors/resources/smart-spending-in-retirement/
The Social Security Guide
https://www.moneygeek.com/retirement/resources/social-security-guide/
How to Start an Encore Career
https://www.moneygeek.com/careers/encore-careers/