5 Biggest Retirement Questions Answered

How to calm your fears and make sure you’ve got enough money in the bank.

By Dianne Molvig
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This has answered so many of my questions about retirement planning. My parents are getting to the point where they need to start planning their retirement. I will definitely show them this article. http://www.sommerkampfinancial.com

juliacarlson85@gmail.com on 2014-08-07 11:51:07

For those retirees from the private sector who are receiving a pension from a prior employer, a relatively new worry concerns what is called: "De-Risking" of pensions. Over 120,000 retirees recently have had their pension assets sold to an insurance company between G.M. and Verizon retirees. The impact month-to-month is seamless. However, lost is the protection of the Pension Benefit Guaranty Corporation in the event of a failure of the insurance company holding what has now become a "Group Annuity." We learned (the hard way) via Lehman Bros, A.I.G. etc., that no one is too big to fail. You also lose annual disclosure of asset valuation as well as portability from state-to-state, since the protection is now from the individual State Guaranty Associations of remaining insurance companies. The protection varies by state from $100,000 to $500,000 depending on residency of the retiree. This is now a hot item being brought up in a few key states and has had Federal attention. Obviously, insurance companies are fighting this furiously.

Jack625 on 2013-10-26 11:24:12

Sounds like reasonable critea however with today's economic situation, many of these factors may already be outdated. Interest rates are low at this time but there is no indication that they will stay at that level. Still, with reduced income, retirees will have to find a way to reduce everyday expenses to maintain some standard of living that they may be used to.

1Nurse on 2013-01-29 12:59:53