Lifetime Income Series
This week Jim and Cathlyn revisit a very important topic, how to plan and pay for a college education. They also discuss future trends in education, and the importance of selecting a field of study that will actually pay for the expense of a college education.
This week Jim and Cathlyn discuss a problem more retirees are facing today; outliving one’s assets. This is a potentially huge issue for the Baby Boom generation, which is expected to live longer than any previous generation. One aspect often ignored in retirement budgets is medical expenses, which figure to only go higher in the future.
This week Jim and Cathlyn discuss emergency preparedness. In the wake of natural disasters such as Hurricanes Katrina, Rita and Super Storm Sandy, as well as the devastation of tornados, wildfires and earthquakes in various regions of the country, the importance of being prepared when disaster strikes cannot be overstated.
This week Jim and Cathlyn address how you can insulate yourself from a downturn in the economy or another bear market, so you don’t have to worry about your retirement security. One of the most important lessons learned from the bear markets in stocks, real estate and commodities is the importance of diversification...
This week Jim and Cathlyn focus on putting together an income plan for retirement. Every day approximately 10,000 Americans turn 65, and less than 30% have a retirement plan. They stress the importance of having a plan that fits your individual needs, and is not a cookie-cutter solution.
This week on the Lifetime Income Series, Jim and Cathlyn explore sources of income in retirement beyond Social Security and pensions. They look at the many options to make your money pay you in retirement. In discussing these options, one must always identify one’s comfort level...
In a special reprise edition of the Lifetime Income Series from earlier this year, Jim and Cathlyn share a case study of Sam and Melanie Krauss to highlight the importance of having an asset allocation plan. Frequently investors move between greed and fear and continuously shift their investments around, typically at the wrong times.
This week on the Lifetime Income Series, Jim and John look at the subject of managing your assets during retirement. They discuss the three key objectives of safety, income and planning for inflation. The idea is to tailor your portfolio to meet your objectives, and ignore the daily noise of the markets.
Last week Jim and Cathlyn discussed the different tax rates that apply to different types of investment income. This week they will focus on why paying attention to tax rates on various types of income is important, particularly when you’re in retirement. Jim also addresses a recent ruling by the US Tax Court on IRA Rollovers.
As Tax Day looms just a week ahead, Jim and Cathlyn discuss some tax strategies to help you feel a little less pain in your wallet. They look at ways to help you reduce your taxable income now, and strategies to help you reduce taxable income later.