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How one woman increased her retirement income 40%

Tuesday, June 26th, 2012 and is filed under Financial Planning Blogs, Long term care, Saving for Retirement

Working with annuity experts –– like us here at Women Money & Power –– can make a huge difference when it comes to how much monthly income you’ll enjoy in retirement.

We recently met with Katy, a female executive at a Fortune 100 Company, who was looking to add an income component to her portfolio as she prepared to retire. Her company’s 401k administrator suggested that she roll over her 401k into a company-sponsored annuity. After discussing her situation with us here at Women Money & Power, we were able to find an annuity option that provides her over 40% more a month in income. Katy is now able to enjoy a substantially higher retirement income after utilizing our expertise in the annuity market.

The bottom line is you should never settle for less…especially with something as important as how much income you can enjoy during your retirement years. Read More

The biggest retirement myth for baby boomers

Tuesday, June 19th, 2012 and is filed under Financial Planning Blogs, Saving for Retirement

While some financial advisors may tell you that you’ll probably be spending less money in retirement than what you’re spending now, we don’t believe it. We think this is a myth…and we want to make sure you’ve got an income plan in place that allows you to continue to live the lifestyle you want to live.

When you look towards your retirement years, do you want to:

1. Spend less … or comfortably maintain the lifestyle you’ve worked so hard to accomplish?

2. Travel less … or have the freedom to just pick up and go?

3. Be less active … or tick off “to-dos” on your bucket list? Read More

How a 62-year old Texan met her retirement income goal with just $500K

Tuesday, June 12th, 2012 and is filed under Long term care, Saving for Retirement

I recently came across a post on a large national newspaper’s blog talking about how investors should focus on generating cash flow during their retirement years.

This makes a lot of sense. Many savers get discouraged when they try to wrap their heads around how much money they’ll need to accumulate before retirement. Savings are important, without a doubt! But generating a predictable income from your savings––income you can’t outlive––is even more so.

At Women Money & Power, we have always advised our clients to keep their eye on the monthly income prize – not a pie-in-the-sky lump sum savings amount. Then, we concentrate on putting an income strategy in place that helps them achieve their income goals. Read More

How to protect your savings against stock market losses

Tuesday, June 5th, 2012 and is filed under Financial Planning Blogs, Products & Investments, Saving for Retirement

We have all heard stories from our parents or grandparents about forgoing bank accounts and sticking money under the mattress during the economic nightmare that was the Great Depression.

Now, many people are facing another nightmare as retirement savings account values have plummeted over the past few years. To avoid the uncertainty of the markets, many investors are opting to park their money into short-term savings vehicles like treasuries, money-market funds or CDs––today’s equivalent of “under the mattress.” A whopping $42 billion was deposited into money-market funds in November 2011!

Read More