May’s Online Class: Retirement Planning for Women

Retirement planning for women, Tuesday, May 17, 2016Our next free online class will be Tuesday, May 17th, 2016, when we’ll be discussing some of the specific items women need to consider when approaching their retirement planning. Why is this topic so important? On average, women have lower lifetime earnings than men, due to more time spent in care taking roles for children, grandchildren, parents, in-laws, and other family, friends or neighbors. Less lifetime income translates into lower Social Security benefits, less pension income, and less retirement savings. Women need to understand the impact their decisions have on

AZ Residents – How to Use Arizona Tax Credits

Updated 3/1/2016 If you pay Arizona state tax, you may be eligible for the several, or all, of the six Arizona tax credits outlined below. If eligible you could receive a dollar-for-dollar credit against Arizona state taxes owed by donating. Does using tax credits reduce the total amount you pay out? The way these credits work is that you either pay the amount in tax to the state, or pay it to a charity and get a tax credit back which reduces your state tax owed by the amount of your charitable contribution. These donations count as charitable contributions and may be deducted on

The Joy of Helping People Retire

mid-couple-big-91b8b48f8eDana here. Just before the holidays a couple I have been working with since 2005 retired. He worked for the federal government and she was a therapist with a private practice. We met several times earlier in the year to walk through final projections and decision points about when to begin his pension and Social Security. At our last meeting we looked at exactly how much we would withdraw from investment accounts and send to their checking via direct deposit starting in the New Year. They know exactly where their income will come from and how

June’s Online Class: How to Invest for Retirement

Piggy Bank with retirement savings message What is the best way to invest for retirement income? Should you load up on dividend paying stocks? Buy annuities that guarantee income for life? Or maybe you should follow an allocation model and use the “100 minus age” rule. In this free online class we’re going to look at the four main strategies of investing for retirement. We’ll cover: The total return approach using systematic withdrawals The “income only” approach where you buy high yielding investments and live off the interest and dividends The “guaranteed” approach where you buy annuities that provide

How to Invest Your Retirement Money

FullSizeRenderDana here. I didn’t grow up in a football watching home. We watched tennis and gymnastics; much less popular, but quite interesting. Then I went to University of Florida. With Emmit Smith as our lead running back, and then Steve Spurrier as head coach I started to get into football. In four years, there was hardly a home game I missed. The energy in the stadium was infectious and the noise deafening. Now, I don’t watch football regularly, but being in Arizona with the Cardinals success this year I’ve found I’ve been watching it more. It’s fun

Navigating the Transition to Retirement

Transitioning to Retirement You’ve thought about retirement for years. Now, here you are getting close, and you feel… anxious, nervous, and for some of you, even terrified. You’ve been saving for years. The thought of starting to spend that savings makes all kinds of questions run through your mind. What if the market goes down? What if you don’t have enough? Should you start Social Security now so you have some income coming in… but, wait, you’ve read that it is better to wait and begin benefits later. How should you withdraw your money? Once a year as a lump

What is Risk? – Investment Sense April 2015

Index Returns Through 3-31-15Index Returns Through 3-31-15 In the investment world risk is most often defined in statistical terms as something called “standard deviation”. In laymen’s terms we call this volatility; the measurement of the ups and downs of the market, an entire portfolio, or an individual investment such as a mutual fund or stock. Most often standard deviation is measured as volatility experienced over a one year time frame. For the average person saving for retirement, or already retired, this standard deviation measure of risk over one year has little, if anything, to do with

January’s Online Class: The Key to Retirement Success

Old skeleton key In this free online retirement class we’re going to discuss the retirement risks that you can’t control such as longevity, market returns, inflation, the economy, and how they affect how much money you will need in retirement. Then we’re going to show you how you can adjust the items you can control, such as spending, tax management, investment risk, and your retirement date, to maintain a stable life-long standard of living. This class will be live. It will run about one hour followed by questions and answers. It will be offered on a Tuesday

Investment Sense – Feb 2015 – Diverging Returns

Index Returns Through 12-31-14Index Returns Through 12-31-14 This month we want to provide a quick snapshot of 2014 results and talk about how things are shaping up as we begin 2015. Diverging Returns In 2014, while U.S. equity returns were high relative to those of other regional markets, returns within various U.S. market segments diverged. U.S. large cap stocks significantly outperformed small cap stocks. In addition, for the third year in a row the U.S. large cap market avoided a 10% market correction (which historically on average occurs about every 8 months). This unbroken streak of positive

The Key to Retirement Success – Online Class – Q&A

enter image description here Sensible Money’s founder and MoneyOver55 Expert Dana Anspach hosted a live online retirement class in October. You can view the recorded version on YouTube at Key to Retirement Success. Below are a collection of questions that were asked by attendees. Dana has provide a written answer to each question and when applicable provided links to additional articles and resources. Questions and Answers Question: My question is what is the best way to cover the “gap” if you retire early before you are eligible for access to Retirement accounts, pensions and social security? -Jonathan Answer: It all depends on your