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10 Jobs For Working In Retirement

10 Jobs For Working In Retirement

Working in retirement may sound like a contradiction, but it’s really not.

In this article I’m going to share with you 10 jobs that are ideal for many retirees. But first, let’s talk a little bit about why working in retirement has become more popular.

The reality today is that people are living longer. For example, if you retire at age 65 you can expect to live on average to age 84.3 (if you’re a man) and to age 86.6 (if you’re a woman). http://www.ssa.gov/planners/lifeexpectancy.htm

What this essentially means is that on average you could expect around 20 years of retirement. Compared to previous generations, that is a longer time horizon current retirees must prepare for.Continue Reading

The Top 12 Retirement Regrets

Regrets Black

Do you have retirement regrets? If so you are not alone.

I came across a retirement forum recently. One of the questions posed on the forum was “What would you do differently?”

There were many responses. As of today there were 51 total responses. Apparently, a lot of people look back on what they did and wish they had done it differently. The regrets range from “Wish I had started saving earlier” to “I should have married a rich woman.”

There were some retirement regrets that kept reappearing. I have listed those below with some additional regrets that I found either interesting or very important. They included:Continue Reading

Why Have 20% of Americans Near Retirement Saved Nothing?

Are you one of the 20% of Americans near retirement that have saved NOTHING?

I certainly hope not. The Federal Reserve recently released a statistic based on a survey they did that showed 19% (almost 20%) of survey respondents in the age range of 55-64 had saved nothing for retirement.

This is a good reminder of the importance of saving for retirement, and especially taking advantage of employer provided plans such as 401(k) and 403(b) plans. Not everyone has access through their employer for one of these plans, but if you do make sure you take advantage of it.

You can read more about this disturbing statistic HERE.

Where Do Fixed Index Annuities Fit In A Retirement Plan?

Here is a framework you can use to help determine if a fixed index annuity makes sense in your retirement plan.

There is a lot of confusion surrounding fixed index annuities. And I can understand why. They can be very complicated financial products. Complexity can make them hard to understand, but it can also make them very customized to your needs.

It is impossible to understand all the different fixed index annuities in the marketplace. And even if you did, a couple of months later there would be new ones on the market. Fortunately, you don’t have to understand them all. You just need to know what you are trying to accomplish with your money. After you figure that out, you will know if a fixed index annuity would make sense in your retirement plan.Continue Reading

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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.