Understanding Your Social Security Statement

When you get serious about crafting a solid retirement plan, you need to understand how to read your Social Security statement. If you have yet to claim your retirement benefit, get your most recent statement online at www.ssa.gov/myaccount and continue reading. Continue reading

Dividends Slashed In The Time of COVID

Many investors view dividend payouts as a reliable source of income. However, many have been surprised to see lower-than-expected dividend payouts following the onset of the coronavirus pandemic. Yet, historical data show that changes in dividend policy are common, especially … Continue reading

Lump-Sum Pensions Much Higher In 2021

Many baby-boomers have earned pensions over their working careers and are confronted with the complex decision of how best to optimize it. Some plans offer the choice of a lump sum that can be rolled over pre-tax to an IRA instead of a lifetime monthly payment. Next year, 2021, will likely be an optimal year to elect the lump sum for many. Continue reading

Ep 38: Pension Lump Sum or Monthly Payment?

Pension lump sums are higher in 2020 than 2019. But which should you prefer? Listen to Kevin discuss how to financially evaluate the decision as well as what research shows retirees prefer.

Whether you have a pension from your company or not, you’ll benefit from this episode. Why? Anyone can invest money with an insurance company and receive a lifetime income in the form of annuity payments. So these considerations are universal in crafting your retirement plan.

Company pension plans specifically discussed include Akron Children’s Hospital, FirstEnergy, Goodyear, Mercy Health, and Rockwell Automation. Continue reading

Ep 34: Case Study: Tax-Smart Distribution Planning

Things in life and planning aren’t necessarily cut and dry. You may take several paths to reach your destination. But which one may be best? Listen to Kevin discuss a retirement situation where several strategic paths existing and how he and his team came to the preferred path in creating an integrated, tax-smart distribution plan. Continue reading