Blog : The Retirement Guys

Institute of Business & Finance Announces a New CES Designee

06/14/19

The Institute of Business & Finance (IBF) recently awarded Mark Guilliatt with the estate planning designation, CES™ (Certified Estate and Trust Specialist™). This graduate-level designation is conferred upon candidates who complete a 135+ hour educational program focusing on trusts, wills, probate, retirement benefits, caring for children, and what should be done after the death of a loved one. Over $50…

Retire The Retirement F-Words

04/03/19

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Mark’s Interview At Boomer 1490 Boomer Radio.

02/06/19

If you missed it or want to hear it again, here is Mark’s interview with Dave Wingert and My Boomer Radio. Listen in and get caught up with new 2019 IRA and ROTH IRA rules, what you should never do in retirement planning and more!

5 Key Question’s Baby Boomers Must Ask Before They Retire: Q5: Where will I get health insurance?

02/13/18

5) Where will I get health insurance? Medicare is available at age 65. Those eligible for Medicare can opt for Medicare Advantage plans or a supplemental insurance (Medigap). Those considering retirement before the age of 65 may be able to obtain insurance through their employers or through health insurance exchanges.

5 Key Question’s Baby Boomers Must Ask Before They Retire: Q4: When is my spouse planning to retire?

02/13/18

4) When is my spouse planning to retire? A spouse with a shorter work history (e.g., 20 or 25 years) can realize a bigger increase in Social Security benefits by working three extra years than a spouse with a 40-year work history. Spouses also need to determine where they will live and what type of activities they will engage in…

5 Key Question’s Baby Boomers Must Ask Before They Retire: Q3: When should I claim Social Security?

02/13/18

3) When should I claim Social Security? Postponing claiming Social Security benefits from age 62 until age 70 increases the size of the benefit by about 75%. Delaying impacts not only the benefit at the time of claiming, but also the survivor benefit for married couples. The Society of Actuaries says nearly half of widows have no other income than…

5 Key Question’s Baby Boomers Must Ask Before They Retire: Q2: What’s the impact of working one or two more years?

02/12/18

2) 1) What’s the impact of working one or two more years? Postponing retirement allows a person to delay claiming Social Security; thereby increasing the size of the annual benefit. It also gives retirement savings more time to grow. Pension benefits usually also increase up to age 65, though some plans may boost benefits until age 70.

5 Key Question’s Baby Boomers Must Ask Before They Retire: Q1:Do I have enough money?

12/12/17

1) Do I have enough money? Salaries will be replaced by Social Security benefits, annuity and/or pension benefits and savings withdrawals. While some expenses and outlays will go away (Social Security contributions, work-related costs, retirement savings contributions, etc.), new costs could appear (e.g., travel, hobbies, etc.).

Why I hate Mutual Funds and you should too : Conclusion

12/01/17

MUTUAL FUNDS HAD THEIR DAY The number of mutual fund choices available to investors is overwhelming. It currently stands at over 10,00029 — 10,000 funds that want you to pay their exorbitant fees, share others’ tax liabilities, accept poor performance, live with less than all the facts about fund management and be content with the system. You realize that it…

Why I hate Mutual Funds 6: WHAT YOU SHOULD DO

10/25/17

It’s amazing that anybody buys into mutual funds anymore. True, your company’s profit-sharing or 401(k) plan may offer you little choice but to pick from certain funds made available. But, where you have a choice, I recommend these three steps: REDUCE FEES AND EXPENSES Search for an investment advisor who will help you avoid costly investment products and won’t add…

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