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4 Signs Your Financial Advisor Is Dangerous
by Steve Vernon, FSA
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Generating reliable, retirement income for the rest of your life, no matter how long you live, is an ambitious undertaking that takes time and skill. It's entirely understandable that you might want to seek the advice of a professional financial advisor to help you with this task. If you're considering this at all, you should be aware that there are advisors who could be a danger to your retirement security: advisors who don't have the necessary skills or expertise about generating lifetime retirement income, or who are more interested in making money for themselves than for you. Read here to learn about the warning signs.
Please keep reading for this month's selection of helpful blog posts and articles on retirement. Challenges with financial advisors and institutions are a theme this month; avoiding costly mistakes is half the battle!
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| Beware of This Costly Wall Street Claim | |
CBS MoneyWatch blogger Larry Swedroe discusses inappropriate criticisms of index funds. Read here for his insightful story.
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| Investing: Four Words That Can Rob You Blind |
People in the financial services industry are experts in using words to convince you that they're on your side. Of course, the problem is, they often aren't.
CBS MoneyWatch blogger Allan Roth has looked at thousands of pitches over the years that were meant to lull investors into thinking they were making the right decision. These pitches will almost always include four words that are frequently used to trick you. Read here for Allan's perceptive post.
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What Happens If Your Insurance Company Fails?
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Here's how to protect yourself -- and your annuity retirement income -- in case your insurer goes bankrupt. |
| Retirement Income Scorecard | |
How much retirement income can your retirement savings generate? When it comes to generating retirement income that will last the rest of your life, there's no single right answer that fits everybody. Your answer depends on your goals and circumstances, and how much retirement income you need. You may even want to split your retirement savings and use more than one method to generate retirement income to achieve the advantages of each method.
To help you choose the method or methods that are best for you, here are three scorecards that compare how much you'll get from three different ways to generate retirement income:
- using just the interest and dividends from invested assets
- managed payouts
- immediate annuities
This series of posts follows up the post from January's newsletter, My 4 Favorite Ways to Generate Retirement Income.
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| Boomer's $3 Trillion Nest Egg | |
Will older Americans' fortune in home equity bail out their retirement? Not likely, but it could help. Read here for details.
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| Stocks Start the Week One Percent From All-Time High |
Stock prices are within striking distance of topping their pre-financial crisis high. There are lessons to be learned from this shrewd post from CBS MoneyWatch blogger Allan Roth.
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| 4 Things Every Bond Investor Should Know | |
Low yields and a rise in interest rates could punish fixed income portfolios, but that doesn't mean you should bail on bonds, as CBS MoneyWatch blogger Dan Burrows points out in this recent post.
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Cash Balance Retirement Plans: Annuity Options
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Most people take the lump sum payment from their cash balance retirement plan, but the annuity might be the better choice. Read here to find out why. |
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New 401(k) Rules Could Help You Make More Money
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Find out how new regulations that require 401(k) plan providers to disclose costs will help grow your retirement accounts.
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| Retirement Tips: Here's How to Save More Now | |
Use these behavioral strategies and "commitment devices" to force yourself to plan for a better future. Read here for an interesting angle on saving for retirement.
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| 6 Retirement Planning Inspiration From the Oscars |
Here's a fun and creative way to see how Oscar-nominated films can inspire you to plan for a great retirement.
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Why the Powerball Jackpot Is Part of My Investment Strategy
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Find out why CBS MoneyWatch blogger Allan Roth is buying Lotto tickets for the $310 million jackpot. You'll gain valuable insights from his story.
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Thanks for your interest, and stay tuned for future newsletters that explore how to best live the rest of your life. Best regards,
Steve Vernon
Rest-of-Life Communications
P.S. If you think this newsletter will help a friend, please pass it along.
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Recently Released
Money for Life
My free, online retirement planning guide
If you've been looking for a trusted, unbiased source of retirement guidance on a variety of retirement planning topics, look no further. This easy-to-use online guide contains the most helpful articles and videos from CBS MoneyWatch and a few other financial planning websites on such critical retirement topics as Social Security, generating retirement income from savings, investments, insurance, health, long-term care, longevity, and lifestyle issues.
I'm excited about this new guide because it offers another way for me to communicate with my readers. It combines the best features of a book - with subjects organized by topic - with the convenience of being online, providing content that's constantly being refreshed and updated. And the price is right - it's free!
This new website complements my other published works on retirement planning - my book, Recession-Proof Your Retirement Years and my DVD, The Quest for Long Life, Health and Prosperity. Please see my website for details on all of my books and DVDs.
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Welcome to
Our Newsletter!
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We fulfill a need for trusted, practical strategies that you can use to plan your rest-of-life (aka
retirement). We rely on the latest research and analyses, and we'll
keep it simple! And that's all we provide; we don't sell insurance, investments or health products, so we can "tell it like it is."
Here's an archive of past issues.
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Steve Vernon has spent 35 years as a consulting actuary, helping large employers design and manage their retirement programs. Now he's president of Rest-of-Life Communications, where he specializes in providing unbiased, trusted information about retirement. He also consults to Mercer's US Retirement, Risk and Finance business, and writes a regular column for CBS MoneyWatch titled Money for Life.
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For information on keynote addresses, workshops or presentations on retirement issues, visit Steve's website at www.restoflife.com, or email him at steve.vernon@restoflife.com
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If you want to learn more about a topic, or if you have any ideas or thoughts on the topics in this newsletter, please send Steve an email at:
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Rest-of-Life Communications
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