Will You Work Past Full Retirement Age?

6a017c332c5ecb970b01a3fcd21456970b-320wiThe Great Recession has many older Americans considering the prospects of staying in the workforce past their normal retirement again. But, working past your normal retirement age is not a new phenomenon. 

The Great Recession has many older Americans considering the prospects of staying in the workforce past their normal retirement; but working past your normal retirement age is not a new necessity.

According to the Social Security Administration, more than 30% of individuals between the ages of 70 and 74 reported income from earnings in 2010, the latest year data are available.  Among a younger age group, those between 65 and 69, nearly 49% had income from a job.1 Continue reading

What’s So Great About a Rollover?

6a017c332c5ecb970b01a73dd6f67e970d-320wiIt depends on how you do it!

Changing or leaving a job can be a tumultuous experience. Even under the best of circumstances, making a career move requires a series of tough decisions, not the least of which is what to do with the funds in your old employer-sponsored retirement plan.

Some people choose to roll over these funds into an Individual Retirement Account, and for good reason. More than 25% of all retirement assets in the U.S. are held in IRAs, and more than 50% of traditional IRA owners funded all or part of their IRAs with a rollover.¹,²

Generally, you have three choices when it comes to handling the money in a former employer’s retirement account.

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Are You Ready for Retirement?

174-thumb (1)Ready for Retirement?

Are you ready for retirement? Here are five words you should consider.

Here’s some food-for-thought from the Financial Planning Association:

Three Key Retirement Income Considerations

Average life expectancy has risen steadily in the United States, so retirees and soon-to-be retirees need to ensure that they don’t tap their nest eggs too heavily. Continue reading