Can I Retire at 60 with $500K?
How Much Do I Need to Retire at 60? Are you approaching your 60th birthday with a nagging question on your mind – can I retire comfortably at 60 with just $500K in savings? It’s a common concern for many who have spent decades working hard and saving diligently for the golden years. But, the […]
Charitable Gift Annuities – The Definitive Guide in 2025
A Charitable gift annuity (CGA) is a contractual agreement between a donor and a charity in which the donor makes a single gift to the charity in exchange for guaranteed lifetime payments.
6 Annuitization Payout Options & How They Work
Annuitization is the process of converting a lump sum into an income stream guaranteed for life or a certain number of years (payments begin immediately).
How to Calculate How Much Money You Need to Retire
How Much Do I Need to Retire? According to Fidelity Investment’s Retirement Mindset Study, only 18% of Americans have a comprehensive written retirement plan. In this guide, we’ll walk you through the factors that impact how much money you’ll need to retire. We’ll also explain how to calculate the income you’ll need, step-by-step. How to […]
JourneyGuide Retirement Planning Calculator
Journey Guide: A Holistic Retirement Planning Calculator If our Retirement Planning Calculator was a car the JourneyGuide would be a Porsche 911 GT2. Most financial planners and retirement planning calculators focus on asset accumulation and still rely on a “4% Withdrawal Rule” that was created using historical data from 1926 to 1976. Our holistic retirement […]
What is my Social Security Full Retirement Age?
What is my Full Retirement Age? To begin planning your Social Security withdrawal strategy you will need to know your Full Retirement Age (FRA). “Full retirement age” used to be 65 for everyone; however, it now varies based upon what year you were born. If you were born after 1951, you’ll be eligible to receive […]
Immediate Annuity Payouts
How Much Do Immediate Annuities Pay in 2021 A $100,000 Immediate Annuity would pay $449 monthly assuming you buy the annuity at age 65 and begin payments immediately. Assuming the same scenario, a 65-year-old female would receive $421 per month. What are Immediate Annuity Payouts Today? To give you an idea of what a $100,000 immediate […]
Are Annuities a Good Investment for Retirement in 2024
Are Annuities a Good Investment for Retirement Today? You have likely made contributions into a 401(k) or an individual retirement account (IRA) as a way to grow your retirement nest egg. An annuity is another option for retirement savings, but are annuities a good investment for retirement? Technically an annuity is actually an insurance contract, […]
What is a Self-Directed IRA and is it a Good Idea?
What is a Self Directed IRA? Is it a Good Idea for Retirement Savings? What Is a Self-Directed IRA? A Self Directed IRA is a type Individual Retirement Account (IRA) that allows you to invest in a really wide variety of alternative investments. Traditional IRAs require that you invest in traditional asset classes, mainly stocks, […]
6-Step Retirement Planning Checklist to Get the Ball Rolling
Retirement Planning Checklist: 6 Bite Size Steps Before you start your next big chapter of retirement, help make sure you are financially on track for the golden years you want. Like many important to-do’s, breaking them down into a retirement planning checklist can make the exercise much easier to tackle. Plus, your sense of accomplishment […]
Guaranteed Retirement Income: Cover Your Wants Not Just Your Needs
How Much Guaranteed Retirement Income do You Need? Many retirees want more covered than just their essential needs, and that means they should be rethinking how much guaranteed income they need for a comfortable retirement. Everybody needs a steady retirement paycheck to cover the basics: shelter, clothing, food, transportation and healthcare. But what about wants […]
