A frequent question among those nearing and in retirement is: Do I need life insurance for retirement? The answer, like most financial planning related questions, is that it depends. When you are working, the purpose of life insurance is to replace your income or pay off large debts in order to help provide for your…
News, Information and Guidance
The Big Picture Retirement Show is a podcast about retirement and estate planning by Devin Carroll and John K. Ross. Devin has been helping people with money related stuff for a while. In addition to his ownership role at Carroll Investment Management, he’s also the Chief Compliance Officer and half owner of Cogent Advisory Group, an…
A massive retirement shortfall is developing — and it is a much bigger problem than your own possible lack of sufficient retirement assets. If you are lucky, your retirement savings can be measured with 6 zeros — meaning you a millionaire and probably well prepared for retirement. However, most of us measure our retirement savings…
Many of us would like to leave behind something to our heirs. But, first things first, we need to fund our own lives in retirement and that can sometimes seem nearly impossible. This article explores average inheritance numbers. Do you expect to be above or below average? Average Inheritance in the United States Different studies…
If you have company stock in a 401(k), you will want to learn about Net Unrealized Appreciation (NUA) and how to minimize taxes when you rollover these funds to an IRA. Should You Rollover? Once you leave a job, or reach age 59 ½ you have the option to move your 401(k) into an Individual…
You’ve been working for over 40 years and now you’re approaching retirement. You have friends who have retired. Some seem happier than others, and you wonder what it will take for you to be happy in retirement. To help us understand the psychology of retirement, here is an interview between Gary Foreman of DollarStretcher and…
Reverse mortgage television commercials abound, but it is hard to get straightforward — easy to understand — answers in response to your reverse mortgage questions. Here are some of the most common reverse mortgage questions people have and some very surprising answers: Is it a Loan? This is one of the most common reverse mortgage…
You have a lot of decisions to make about retirement. And, if you are married, you have nearly twice the number of choices — plus the complications of competing priorities and sometimes differing goals and expectations. Your Social Security decisions can profoundly impact your spouse today, tomorrow and long after you are gone… The good…
For those approaching retirement or already there, the question of how to invest our money to maximize returns while minimizing risk is at the heart of many of our financial concerns. With so much out of our control and so few clear answers, retirement investment questions can keep you up at night. Here are a…
On your marks, get set…. RETIRE! If you are in your 50s or 60s, you are probably a pre retiree — someone getting ready to retire. You are about to step into the starting blocks and race for the finish line. Here are 12 things pre retirees can do now to improve their future: 1….
