Retirement Scenarios

Click for Our FREE Offer!!!! retirementfundsecrets.com Contact Me IfYou Need Advice Or Guidance (totally free and no hassle): john@pgiselfdirected.com (602) 684-2922 visit us at pgiselfdirected.com We Give Free Consultation! http pgi’s TRUE IRA and TRUE 401k combine the best of both worlds. The flexibility to invest when, where and how you choose along with 100% CHECKBOOK CONTROL. No more waiting. No more paperwork. Investing is as simple as writing a check. All these benefits, and the TRUE Self-Directed IRA and TRUE 401k are less costly to maintain. Fees are significantly lower than Traditional “Self-Directed” custodians.

Go to Source

Money Matters

Transfer your annuity, IRA or Roth IRA today to Professional Life & Casualty. Call 1-800-651-1800. www.plcinsurance.com

Go to Source

Money Matters

Ways to become a millionaire include setting aside money for savings, and building up a financial emergency fund. Strive to be a millionaire by changing an overall attitude about money with tips from a futures and options floor trader in this free video on personal finance. Expert: Mark Griffith Bio: Mark Griffith has graduated in economics and philosophy at Clare College, Cambridge. He has been a futures and options floor trader at LIFFE (London International Financial Futures Exchange). Filmmaker: Paul Volniansky

Go to Source

Money Matters

Part 6 of the series “Decision Making for Incapacitated Adults” Georgia estate planning attorney Mark Biernath discusses who all the people are that help establish a guardianship of an adult

Go to Source

Money Matters

Below is a transcript of a question and reply from a reader:

Dear Money Over 55,

I have read your article Key Things to Know About the Social Security Spouse Benefit. It said I have the ability to choose at full retirement age to take my own social security benefits, or spousal social security benefits, and if I choose spousal benefits my own could continue to accumulate.

I am full retirement age and asked social security to permit me to do this. They said you are dead wrong and that I must claim the larger of the two ( my own) and not take my spousal benefits.  Where did you get your information? I would appreciate your help.

-Maximizing Benefits

Hi Maximizing Benefits,

Here is a quote directly from this page of the social security website:

“If your spouse has reached full retirement age and is eligible for a spouse’s benefit and his or her own retirement benefit, he or she has a choice. Your spouse can choose to receive only the spouse’s benefit now and delay receiving retirement benefits until a later date. If retirement benefits are delayed, a higher benefit may be received at a later date based on the effect of delayed retirement credits.”

Let me know how it goes!

-Dana, Guide to Money Over 55

Dana,

I just wanted to thank you again for your reference.  I signed up for social security today based on my husband’s benefits and will leave mine to accumulate.  So you were right. And a note, the guy at social security said he has been working there for 25 years and never heard of this.  At first he said I was wrong, as did his supervisor, but after reading his own website (from your reference), and talking to the regional management, he agreed that I had a choice and it got done.  Thanks for your help.

-Maximizing Benefits

Think The Social Security Office Gives You The Right Answer? Think Again. originally appeared on About.com Money Over 55 on Friday, January 29th, 2010 at 21:17:19.

Permalink | Comment | Email this

Go to Source

Money Matters

Get Text book at Amazon:

Go to Source

Money Matters

I love the RealAge website.  It's owned by Oprah's Dr Oz and it's jam-packed full of tips, articles, quizes and videos to help you get and stay fit and healthy.  They send out a daily email and one of today's articles was 5 Habits That Stop Strokes, which includes all the excuse-busting tips you need to get started on slashing your stroke risk by up to 80%.

Best Places to Retire

It’s Blogging Boomers time again!  This week’s host is Barbara Weibel from Hole in the Donut.  Check out the usual, eclectic mix of baby boomer-related subjects here.

Best Places to Retire

Many investments (such as annuities, cash value life insurance and B share mutual funds) have surrender charges; a fee that is imposed if you cash in your investment before the required amount of time has passed.

These products can be useful tools, when used appropriately, but unfortunately they are often sold by an insurance person or financial representative who is around for a few years and then moves on to a new type of sales job.

Frequently someone will come into my office a few years after having purchased such a product, wondering what to do with it now that their sales-person-disguised-as-financial-advisor has left the business.

We take an objective look at the situation, but rarely, rarely, rarely does it make sense to cash in the investment while you still have to pay a surrender charge.

Why?

The surrender charge is subsidizing the commission that was paid to the salesperson. If amortized over many years, the charge has a minor impact on the overall investment performance, but if you have to pay a large surrender charge after only a few years, it has a large, unfavorable impact.

Any time someone suggests you pay a surrender charge to get out of one investment or insurance product and move money into something new I’d suggest you get a second opinion; an objective opinion from a fee-only advisor who accepts no commissions.

In conclusion, 97% of the time I would wait it out. Perhaps 3% of the time I encounter a situation where it actually makes sense for someone to pay the surrender charge.

What Would I Do… Pay The Surrender Charge Or Wait It Out? originally appeared on About.com Money Over 55 on Monday, January 25th, 2010 at 21:29:15.

Permalink | Comment | Email this

Go to Source

Money Matters

www.colemanchambers.com The attorneys at Coleman & Chambers handle a variety of cases, including eminent domain, personal injury, family law and probate. For representation, contact the firm in Gainesville, Georgia at 770-534-3770.

Go to Source

Money Matters