The Ramsey Show (October 4, 2021)




Facts About Pensions That Change Your Life

Early planning is best for pension savings. A regular amount put away yields a lump sum amount through sheer compounding power. There are many instances where a disciplined investment started early has proved to be more beneficial than haphazard lumps at irregular intervals. So start early.

Redefining Income Planning

Today, more financial professionals are redirecting retirement funds into FIAs that provide increasing income streams, as well as uncapped strategies, for life. Depending on when you plan to retire will determine which increasing income strategy may be best equipped to meet your needs.

Features and Benefits of a Pension Plan

When we are young we feel invincible and confident. Then middle age hits, bringing with it a lot of medical issues and unexpected twists and turns in life. By the time it will be too late to start saving for retirement. So plan early, pay small premiums as you are considered less liable by the insurance agencies. If your money is with them for a longer period, they will be generous in your settlement.

Delayed Saving: Starting Late in Life to Save for Retirement

If you are in your forties or fifties and haven’t saved much – if any – for your retirement, you’re not alone. But that doesn’t mean you shouldn’t take action… now. Saving and investing a small amount of amount of money, on a regular basis, can help ensure you build a decent-sized nest egg. If not now, when?

Is Your Investment Goal Big Enough?

How much money do you really need to retire? A lot of this depends on your lifestyle now, what you want in the future and how long you need to save for.

Your Social Security

Understanding your Social Security benefits for retirement is often the key to survival for many of us. But, about 70% of us lock in benefits at their lowest amount when 62 years old. Many are still working at this time which creates an unnecessary conflict with your benefits.

How to Maximize Your Social Security Benefits

Social Security benefits and rules can be overwhelming. I’ll explain how Social Security works, guide you in your decision making process, and teach you strategies to maximize how much you can receive from Social Security. With a little knowledge, I’ll help you to collect on all the benefits available to you.

Financial Advice For People About To Retire

A lot of employees always find ways to postpone working on their retirement plan. And before they know it, it will only be 10 years before they have to retire. And usually, planning and preparing 10 years before your retirement is usually not enough for anyone to prepare sufficiently. However, this doesn’t mean that you give up preparing for your golden years and simply wing it once you stop earning a fixed monthly income. Below are some helpful tips and pieces of advice for people who are near their retirement age so that they can still live comfortably in their golden years.

Why Retirement Financial Planning Is Critical

Retiring from your job can seem like it is a long way off. Regardless, it is important to start retirement financial planning now.

Frequent Annuity Questions

In my role as a personal financial wellness advisor I often get questions on annuities. Here are some of the most common. I am a CRPC, Chartered Retirement Planning Counselor.

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