Retire Worry Free

It takes more than money to be able to "Do What You Want, When You Want, Where You Want." Brian Fricke (Certified Financial Planner) gives you simple and easy to understand terms with real-life examples. Yes, names and circumstances have been changed to protect client confidentiality. Full of practical proven and street tested strategies. Now, with WORRY FREE RETIREMENT, Fricke one of Americas Top Wealth Managers shares with you the same advice and strategies he gives to his clients. Written in simple and easy to understand plain English. He reveals stuff like: The single biggest Money Mistake couples make. Should you pay off your mortgage? My $10,000 challenge. Don't be an ATM to your kids or grandkids. Tax strategies you must know about. Your biggest risk if you retire before age 65. Do you really need life insurance at retirement? Silly, stupid mistakes I've seen people make and Much more!

The authors teach readers about the new rules of investing, which include investing with inflation-protected bonds, reaching retirement goals, and investing safely for college.

For years, the Financial World has preached the gospel of "gloom and doom" and everyone buys into it. Their message is simple: if you don't have a million dollars saved for retirement, forget it! Well forget their notion of retirement because there's an exciting new way of thinking and it's called The WorryFree Retirement. Unlike the constant message of magic financial bullets and get rich quick schemes, Tony Walker's WorryFree Retirement takes an honest approach to working hard, having fun, and dealing with change. Tony's message is unique and refreshing given the fact that millions of hard working Americans are looking for a new approach to enjoying the "other half" of life. Tony Walker's WorryFree Retirement will give you a practical and simple method of dealing with what's worrying you most, and how to begin doing something about it. You'll gain a new and more positive perspective on retirement, and the rest of your life.

Two fundamentally different philosophies for retirement income planning, which I call probability-based and safety-first, diverge on the critical issue of where a retirement plan is best served: in the risk/reward trade-offs of a diversified and aggressive investment portfolio that relies primarily on the stock market, or in the contractual protections of insurance products that integrate the power of risk pooling and actuarial science alongside investments. The probability-based approach is generally better understood by the public. It advocates using an aggressive investment portfolio with a large allocation to stocks to meet retirement goals. My earlier book How Much Can I Spend in Retirement? A Guide to Investment-Based Retirement Strategies provides an extensive investigation of probability-based approaches. But this investments-only attitude is not the optimal way to build a retirement income plan. There are pitfalls in retirement that we are less familiar with during the accumulation years. The nature of risk changes. Longevity risk is the possibility of living longer than planned, which could mean not having resources to maintain the retiree's standard of living. And once retirement distributions begin, market downturns in the early years can disproportionately harm retirement sustainability. This is sequence-of-returns risk, and it acts to amplify the impacts of market volatility in retirement. Traditional wealth management is not equipped to handle these new risks in a fulfilling way. More assets are required to cover spending goals over a possibly costly retirement triggered by a long life and poor market returns. And yet, there is no assurance that assets will be sufficient. For retirees who are worried about outliving their wealth, probability-based strategies can become excessively conservative and stressful. This book focuses on the other option: safety-first retirement planning. Safety-first advocates support a more bifurcated approach to building retirement income plans that integrates insurance with investments, providing lifetime income protections to cover spending. With risk pooling through insurance, retirees effectively pay an insurance premium that will provide a benefit to support spending in otherwise costly retirements that could deplete an unprotected investment portfolio. Insurance companies can pool sequence and longevity risks across a large base of retirees, much like a traditional defined-benefit company pension plan or Social Security, allowing for retirement spending that is more closely aligned with averages. When bonds are replaced with insurance-based risk pooling assets, retirees can improve the odds of meeting their spending goals while also supporting more legacy at the end of life, especially in the event of a longer-than-average retirement. We walk through this thought process and logic in steps, investigating three basic ways to fund a retirement spending goal: with bonds, with a diversified investment portfolio, and with risk pooling through annuities and life insurance. We consider the potential role for different types of annuities including simple income annuities, variable annuities, and fixed index annuities. I explain how different annuities work and how readers can evaluate them. We also examine the potential for whole life insurance to contribute to a retirement income plan. When we properly consider the range of risks introduced after retirement, I conclude that the integrated strategies preferred by safety-first advocates support more efficient retirement outcomes. Safety-first retirement planning helps to meet financial goals with less worry. This book explains how to evaluate different insurance options and implement these solutions into an integrated retirement plan.

The average person can expective to live about 20 years after retiring. The experts at "Kiplinger's Personal Finance Magazine" explain how readers of all ages can first determine how much money they'll need and then how to fill the gap between that amount and what they'll get from social security and pensions. Worksheets.

With wit and wisdom, the editor of Independent Business magazine explains step-by-step how to achieve the financial freedom you'll need for a comfortable retirement. Kehrer provides action plans for every age group, advises readers on setting goals, getting out of debt, and investing wisely for the future.

The first rule of retirement income planning is: Never to run out of money. The second rule is: Never forget the first rule. In this book, you'll learn how you can utilize the many financial products available to reduce your risk, the different approaches you can take as you create your retirement plan, and the intentional strategies that will help you live the life you spent your career aspiring toward. In this book you will learn: -How risk-pooling through insurance works -Why risk pooling is a source of additional spending that is competitive with potential stock market returns -How commercial annuities provide this risk pooling in the same manner as Social Security or traditional company pensions -How replacing some bonds with insurance-based risk pooling assets can improve the odds for retirees to meeting their spending goal and to support more legacy at the end of life