For seniors who have a defined benefit plan or pension plan, the pension payout options typically offer lump sum, single life and joint life options.
The investor policy statement should address whether you are willing to make tactical asset allocation decisions in your portfolio.
An initial 5 percent withdrawal rate from a retirement portfolio is risky; 6 percent or more is gambling.
Delayed retirement credits are earned when workers delay receiving benefits after their full retirement age up to age 70.
Investors face two primary risks when investing — the risk of losing principal and the risk of their investments losing purchasing power over time.
Long-term care insurers have moved to gender-based pricing, with women paying more than men.
The key to transitioning to retirement from working is planning. Not financial planning, per se, but life planning.
If your premiums on a long-term care policy are rising, consider your options.
The move to let nonaccredited investors invest in hedge funds is an example of an investment approach winding its way down to retail investors.
Does a dividend reinvestment plan still make sense when a senior starts depending on the portfolio for retirement income?