“Now YOU can learn about retirement planning in plain English. Planning for retirement can be confusing. I cut through all the industry jargon so YOU can learn how to achieve your retirement goals.”

Inflation In Retirement… Guaranteed Loss On Your Investment


Sam Ewing had a great quote:

“Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.”

If you buried your cash in your back yard and dug it up 10 years later, inflation would have caused it to be worth less. It’s like a loss on your money, even though the actual dollar amount stayed the same.Continue Reading

I’m About To Retire! What Investments Should I Buy?


I have 2 unhealthy food favorites: fried chicken and donuts. I try to limit my exposure to these. That means rarely having donuts in the house.

As for fried chicken, I generally only eat it once a month. This is usually the 3rd Sunday of the month, also known as “fried chicken” day at church. We bring in a big platter of it for lunch after worship service.  

Lesson: Never sleep in on the 3rd Sunday.Continue Reading

Social Security File and Suspend – Reader Question & Answer


One of my readers, Judy, asked me the following question:

“Will the file and suspend change prevent me (62nd birthday is not until 8/26/17) from participating? Hubby still works but is already 63 and so I guess can file and suspend.”

Good question, Judy. And I’m sure that a lot of other people are looking for some guidance on this as well. So let’s tackle this one.Continue Reading

Know Your 401(k) Plan’s Rules


I recently got hooked on a board game called “Pegs and Jokers.”

If you’ve never played it before the simplified explanation would be you are trying to get all your “pegs” around the board before your opponents do. And the “Joker” card is a really good card to have.

It’s a game of chance of course. If you get a bad hand it can be hard to win the game.

But it’s also a game of skill. You have to play your hand wisely. And save up different good cards for just the right time.Continue Reading

How To Choose The Right Annuity


Today’s question comes from Russ. He has some questions about the type of annuity he is looking for. He writes:

How To Choose The Right Annuity Question

 

“I am looking at fixed index annuities. I am looking for a fixed index annuity that offers no cap, has a rider for fix income for life and an inflation guard. I would like one if possible that would have a 5 year surrender period… if that is possible… I would be taking income in about 5-6 years.”

What’s great about this email is that Russ has a clear idea of his different needs and what he’s looking to accomplish with an annuity.

Specifically, there are a couple of important issues Russ is looking for:Continue Reading


© 2014 Retirement Planning Made Easy. All rights reserved. Privacy Policy | Disclosures • 95 Tennessee St. • Savannah, TN 38372 • Ph 731-925-8351 • Fax 731-925-8352

Investment Advisory Services offered through Retirement Wealth Advisors, (RWA) a Registered Investment Advisor.  Tri-State Financial Group, and Tri-State Insurance & Financial Services, and RWA are not affiliated. Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. Past performance does not guarantee future results. Consult your financial professional before making any investment decision.

This information is designed to provide general information on the subjects covered. Pursuant to IRS Circular 230, it is not, however, intended to provide specific legal or tax advice and cannot be used to avoid tax penalties or to promote, market, or recommend any tax plan or arrangement. Please note that Tri-State Financial Group and its affiliates do not give legal or tax advice. You are encouraged to consult your tax advisor or attorney.

Annuity guarantees rely on the financial strength and claims-paying ability of the issuing insurer. Any comments regarding safe and secure investments, and guaranteed income streams refer only to fixed insurance products. They do not refer, in any way to securities or investment advisory products. Fixed Insurance and Annuity product guarantees are subject to the claims‐paying ability of the issuing company and are not offered by Retirement Wealth Advisors. Chris Hammond is insurance licensed in TN.