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Andrew Carrillo's picture

Continue growing your retirement savings while withdrawing funds

Andrew E. Carrillo CFP®, AWMA®, CRPC®
President and CEO, Private Wealth Advisor
Reginald Armstrong's picture

Do rollover your old 401k to your new employer plan or an IRA

Reginald A.T. Armstrong, CPWA®
President
Kevin Cahill's picture

Ensure steady retirement income with a low-risk annuity investment

Kevin Cahill, B.Sc.(Hons), CFP, CHS, CLU, EPC
Founder, Canadian Legacy Builder
Keith Klein's picture

Advice for when you lose your job and forced into early retirement

Keith Klein, CFP®, ChFC®, CLU®, CASL®
Registered Financial Advisor
Terence O’Malley's picture

How to make sure your retirement savings lasts the rest of your life

Terence O’Malley
Elder Law and Estate Planning Attorney, Licensed Financial Advisor
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Retirement Planning

Starting to save money for your retirement is something that you should do right when you start getting regular paychecks and are able to be financially stable. Saving today is different than it was a couple of decades ago, but whether you are part of the Gen Y workforce or about to retire, you need credible and reliable advice from people you trust. Look to ExpertBeacon to help you save for retirement through a 401k, lifetime annuity, and IRAs.

Minimize taxes when you withdraw money from your IRA in retirement

During your working years, you may be very successful at saving money for retirement in an IRA, 401k, 403b, or similar plan. No taxes are paid on this money when it is put into these plans, which helps you build a larger nest egg. You will need to pay taxes on the money, however, once you take it out. Even if you don’t need the money to pay living expenses, the government will require you to begin withdrawals at age 70½. These mandatory withdrawals are called Required Minimum Distributions or RMDs.

David ShucavagePresident

I believe that I’m a bit different from most professionals in the retirement planning field. Back in the 1970’s, I graduated Cornell Engineering School and followed the expected path, working first for Corning Glass and then Ciba-Geigy. For more...

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How to put 401K and retirement savings to work after you retire

Retiring, for most people, is the culmination of a long- and hard-worked career. Retiring signifies that you are finally done working! Well, not quite. Retiring is often coupled with mounds of paper work and important life decisions that will have a huge impact on your retirement years. One of these big decisions deals with your hard-earned retirement money. Follow this expert advice on how to best use your 401k account after you retire.

Jason WhalingFinancial Educator

Jason Whaling is the founder and CEO of The Wealth Titans. A financial education company dedicated to the training and development of individuals to reach their financial goals. Jason left his professional career as an accountant working at a la...

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Playing it too safe in your retirement investing can hurt you

Ron Grensteiner President American Equity Investment Life Insurance Company

Since the great recession, there seems to be an almost ubiquitous wary feeling among individuals, urging them to constantly prepare for the worst. This need to “stay safe” can actually produce an adverse effect when saving for retirement, causing some to miss out on exponential savings gains. Indeed, there is a right way, and a wrong way, to be cautious with retirement saving. Below is some advice on how to optimize a retirement portfolio—without causing additional risk alarms to go off.

Ron GrensteinerPresident

Ron started his insurance career in 1985 as an agent with Northwestern Mutual Life and later served as regional vice president for American Life and Casualty, a subsidiary of The Statesman. Ron is also a Chartered Financial Consultant and a Char...

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Ensure steady retirement income with a low-risk annuity investment

In North America, over ten thousand people a day, 3.5 million people a year, 35 million people in the next 10 years, 70 million people in the next 20 years turn 65. What is scariest is they’re about to make the biggest financial mistake of their lives. They’re going to commit all of their retirement savings to defending their principle instead of defending their purchasing power, and at that rate, they’re going to run out of money and find themselves overly dependent on the government, or their children, or both.

Kevin Cahill, B.Sc.(Hons), CFP, CHS, CLU, EPCFounder, Canadian Legacy Builder

How I Got Here… Learning How to Change Adversity into Advantage When I was just 3 years old, my father suffered a serious back injury. He endured many surgeries but in the end he could no longer withstand the pressures of daily work. But Dad...

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Create financial security and well-being for your entire family

Tony Rigby CFP Anthony DJ Rigby Insurance & Investment Services Pty Ltd

It has been said that money can’t buy happiness, and poor money management can seriously hamper a child’s start in life. The financial health of a household can have a strong impact on a child’s learning and social-emotional development.

So how can people create financial security for their families and set their kids up for the best chance in life? With a little planning, there are a few, simple strategies that all families, regardless of their income levels, can follow to improve their financial well-being.

Tony RigbyCFP

Studied business accounting at QUT (Queensland University of Technology) up to 1980. Attained a Diploma of Life Insurance from Deakin University in 1995 and a Diploma of Financial Planning from RMIT (Royal Melbourne Institute of Technology) in ...

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Retiring overseas is possible with careful financial planning

Kimberly Clouse Covestor Advisory Board Chair and Chief Client Advocate Covestor

Retiring overseas is a “Money Milestone,” an exciting life event that will have a major impact on your financial situation. Reaching a Money Milestone should trigger a comprehensive review of your finances and possibly the implementation of some new strategies. Retiring is a milestone as is moving to another country; so retiring in a foreign country is a double-milestone.

Kimberly ClouseCovestor Advisory Board Chair and Chief Client Advocate

Kimberly Clouse is Covestor’s Advisory Board Chair and Chief Client Advocate. She partners with families, family offices, and foundations to help them navigate investment advice and make more informed decisions. A seasoned financial services exe...

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When to collect social security benefits in retirement

Planning when to take Social Security benefits is a key component of preparing for retirement. It is a personal decision and varies person to person. While you can do your research and weigh all of the options, there may not be one clear decision. So, before you decide when to start your benefits, consider the following this advice.

John L. HillisPresident

Hillis Financial Services was founded by John (“Jack”) L. Hillis in 2001. Jack has more than 40 years of experience providing financial planning and asset management advice to individuals, corporate executives and business owners. Jack provid...

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Advice on how to reduce the fees on your 401K retirement account

Wayne Connors Managing Partner and Portfolio Strategist 401k Investor.com

A recent AARP study found that 70% of 401k participants were unaware their plans charged them any service fees at all. Unfortunately, the reality is, plan service providers do charge fees, many of which are hidden from customers. These fees, over the life of your investment, skim off huge amounts of the fund’s gains. In fact, the better the fund does, the higher these fees become, as most are what are called “asset-value based.” Depending on the length of your participation in the plan, these fees can literally cost you hundreds of thousands of dollars in retirement savings.

Wayne ConnorsManaging Partner and Portfolio Strategist

Wayne Connors is Founder and Chief Portfolio Strategist for 401k Investor. For nearly 25 years, Wayne has worked in the investment industry – as a financial advisor, portfolio manager and chief investment strategist specializing in structuring l...

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Gain control of your financial health for retirement with a budget

Two financial reports are a must throughout life, but are critical at and during retirement. They are the Net Worth and Income Statements which give you information about your financial health. As we age, our health changes and so does our financial health. We take the necessary steps to keep us physically sound, so must we take proactive steps to secure a sound retirement.

A tried and true method is called a budget, and the word ‘budget’ strikes fear in the hearts of many.

Brenda Hendrickson CSACEO

Brenda Hendrickson, CSA has been in the accounting and tax field for over twenty years and is owner of an accounting and tax firm, Brenda Hendrickson CSA, LLC, in New Jersey. She started her career as a full charge bookkeeper, an accounting man...

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Guarantee income in your retirement with fixed indexed annuities (FIA)

Ron Grensteiner President American Equity Investment Life Insurance Company

One of the most common fears for retirees and those planning for retirement is outliving their money. Not only is this a common fear—it’s a valid one. In fact, according to the National Institute on Retirement Security, Americans are at least $6.8 trillion short of what they need to have saved for a comfortable retirement.

Ron GrensteinerPresident

Ron started his insurance career in 1985 as an agent with Northwestern Mutual Life and later served as regional vice president for American Life and Casualty, a subsidiary of The Statesman. Ron is also a Chartered Financial Consultant and a Char...

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Young people: take a new investing approach to retirement planning

Jim Poolman Executive Director Indexed Annuity Leadership Council

There has been a lot of information swirling around in the news about social security, pensions, and “myRA.” It may make it hard to determine what you need to do to save for your retirement. The landscape of retirement is changing, and the way young professionals will need to save for retirement will be drastically different than the way baby boomers and older generations have saved. Below is some advice on how to save in this new age of retirement.

Jim PoolmanExecutive Director

Poolman has an independent regulatory consulting practice, where he advises insurance companies and producer clients on regulatory issues, and works with regulators on their behalf. Previously, Poolman was the North Dakota Insurance Commissioner...

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Key considerations in saving for a confident retirement

Joel Shomaker CERTIFIED FINANCIAL PLANNER, CFP®, PPC™ Retirement Benefits Group

Saving money is always difficult, but when it comes to saving for retirement, it becomes especially challenging. Many people don’t know when to start, how much to save, or how to keep track of their portfolios. However, following some simple steps, doing your research, and staying disciplined can help you efficiently and successfully prepare for your retirement.

Joel ShomakerCERTIFIED FINANCIAL PLANNER, CFP®, PPC™

Joel is the CERTIFIED FINANCIAL PLANNER™ professional for Retirement Benefits Group, Irvine. He has been a trusted advisor to both company sponsored retirement plans and high net-worth individuals in the Orange County area since 1998. Along with...

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Expert advice on retirement planning for small business owners

Holly Kylen ING Retirement Coach ING Financial Partners

Just as growing a small business is no easy task, finding the right strategy to save for retirement isn’t simple, either. No matter how near or far a small business owner is from retirement, it’s essential to have a long-term savings strategy. You may be like many small business owners and have been so focused on your company that you’ve neglected your end goal.

Holly KylenING Retirement Coach

ING Retirement Coach Holly Kylen is a financial advisor with ING Financial Partners. She is an author of a Retirement Planning for Women seminar and serves on ING’s Women’s Advisory Network Board. Kylen is FINRA Series 6, 7, 63 and 65 securities...

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Understand net unrealized appreciation for your 401K

If you have employer stock in a 401(k), ESOP, or other qualified retirement account - stop and discuss net unrealized appreciation (NUA) with your financial advisor, accountant, and estate planning attorney before you take a lump-sum distribution and roll the plan into an IRA.

Individuals with employer stock in a 401(k), ESOP, or other qualified retirement plan may be entitled to special income tax treatment.

Sally Mulhern, Esq.Member

Sally received her law degree in 1982 from Cornell Law School, and her undergraduate degree, summa cum laude, Phi Beta Kappa, from Boston College in 1979. She is a founding partner in the law firm of Mulhern & Scott PLLC, with an office in Ports...

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Take control of your future with a self-directed retirement plan

As investors grow more weary of the ups and downs of the stock market, and have seen retirement funds be decimated by the Great Recession of 2008 (and earlier economic woes after 9/11), many savvy investors are turning to self-directed retirement plans. These plans and their alternative investment options have been around since the inception of the IRA in the mid-1970s; but with more people looking to get off the investment roller coaster ride of the last decade, self-direction has been a growing trend in retirement wealth building.

Jaime RaskulineczFounder and CEO

I am also a certified property manager (CPM), CEO of Rainbow Property Management, a licensed real estate broker, and long-time real estate investor. I started the company out of my own desire to make real estate investments through my IRA and be...

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Have the money you need for retirement with lifetime income annuity

When you are looking for an additional lifetime income stream to add to your current Social Security and pension payments, a lifetime income annuity can provide the contractual guarantees to cover your bills, allow you to properly budget, and help provide a worry-free retirement.

Stan The Annuity ManAnnuity Expert

Stan The Annuity Man is an annuity specialist and nationally recognized annuity expert. With over 20 years of experience in the financial services industry, he has developed unique proprietary and trademarked annuity strategies that have been ad...

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Continue growing your retirement savings while withdrawing funds

Retirees are having a hard time growing their assets while, at the same time, having to rely on and withdraw their funds to pay the bills during retirement. This is often a result of low interest rates on retirees’ investment accounts. If retirees can’t grow their assets while taking withdrawals, they will run out of money or be forced to reduce their lifestyle. By understanding certain fundamental retirement and investing principles, you may increase the probability of growing your assets in retirement.

Andrew E. Carrillo CFP®, AWMA®, CRPC®President and CEO, Private Wealth Advisor

Andrew Carrillo is the President and CEO of Barnett Capital Advisors. He began his career at a Fortune 500 company but decided to depart from the firm because he realized how much being an Independent Financial Advisor could benefit his current ...

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Do rollover your old 401k to your new employer plan or an IRA

So you have left your job and employer's 401k plan. Whether it was due to retirement or simply a job change, you’re probably wondering what to do with your old 401k. Should you just leave it there? Should you move it to your new employer’s 401k? Or should you roll it over to an IRA? It can be an overwhelming task to figure out your options and a confusing decision to make. These and other questions and concerns might leave you with “paralysis by analysis.”

Reginald A.T. Armstrong, CPWA®President

Regi is the senior Client Wealth Manager and President of the Armstrong Wealth Management Group, a comprehensive wealth management firm that specializes in serving medical professionals, retirees and those close to retirement, and busy professio...

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Start retirement planning as early as possible with your spouse

Two heads are better than one, especially when tackling an important, life altering situation such as retirement. When spouses or partners are both approaching retirement together, planning requires that both parties are involved in the decision making process, and that both parties have common values and goals.

Brenda Hendrickson CSACEO

Brenda Hendrickson, CSA has been in the accounting and tax field for over twenty years and is owner of an accounting and tax firm, Brenda Hendrickson CSA, LLC, in New Jersey. She started her career as a full charge bookkeeper, an accounting man...

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Advice for when you lose your job and forced into early retirement

If your retirement plans did not necessarily include early retirement, but you received a termination letter, you’re not alone. Workers nearing retirement and getting laid off unexpectedly has become more and more commonplace. Regardless of whether your early retirement is a result of corporate downsizing, redundancy cut-backs, health problems, or family reasons—it’s time to make a new plan or adjust your original retirement plan.

Keith Klein, CFP®, ChFC®, CLU®, CASL®Registered Financial Advisor

After more than 15 years as a financial service advisor, Keith Klein CFP®, ChFC®, CLU®, CASL® reached his own Turning Pointe and founded Turning Pointe Wealth Management. It had become clear that the best way for Keith to provide unbiased soluti...

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How to make sure your retirement savings lasts the rest of your life

Terence O’Malley Elder Law and Estate Planning Attorney, Licensed Financial Advisor ExpertSeniorPlanning.com

Financial planning for seniors requires recognition that an adjustment in lifestyle may be required to avoid outliving one’s wealth. Depending on how much money you will be getting for retirement, you could find yourself having to get a part time job in order to cover unforeseen costs. Follow this advice to ensure your retirement income will last for the rest of your life.

Terence O’MalleyElder Law and Estate Planning Attorney, Licensed Financial Advisor

Terence O’Malley is an attorney and licensed financial advisor who is a popular speaker to groups on a wide range of senior living issues, estate planning, elder law and financial issues. He is a member of the National Academy of Elder Law Attor...

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Make the most of your money and minimize taxes in retirement

Many people look forward to retirement as a time to let go of the day-to-day worries that they had to deal with during their working lives. But even in retirement, Uncle Sam demands his due. Taxes remain a constant and, for retirees who don’t plan carefully, they can take a serious bite out of retirement savings. Yet with some thoughtful financial planning, you can minimize your tax burden, leaving more of your savings available to make your retirement comfortable and rewarding.

Anthony D. Criscuolo, CFP®Client Service Manager/Portfolio Manager

Anthony D. Criscuolo, CFP®, has extensive experience in Palisades Hudson’s estate planning, tax, investment management and accounting practices. Anthony provides a wide range of services to his clients, including asset allocation and investment ...

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Expert advice on planning your retirement together

Cal Brown MST, CFP® Savant Capital Management

As a couple, what should you do…and NOT do…when planning for your retirement? As you can imagine, every situation is different, and individualized advice is best. However, there are some general dos and don’ts that will apply to most people.

Cal BrownMST, CFP®

Cal received his Masters of Science in Taxation (MST) at American University in Washington, D.C., and graduated cum laude from the University of Arkansas with a bachelor’s degree in business administration. He is a Certified Financial Planner (C...

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Start planning for retirement as soon as you get your first job

When many people first start their careers, retirement is not top-of-mind. After all, retirement is something that is 30 to 40 years away, right? That may be the case, but planning for retirement should be a career-long process. You don’t want to get to what you think is the end of your working days and then discover that you simply don’t have enough funds to live comfortably. If retirement planning is a focus from an early age, you’ll find yourself on much more solid financial footing decades down the road.

Patrick W. SimpkinsFinancial Advisor

Patrick brings proven leadership and substantial experience to his clients through more than two decades in executive positions, with the majority of those years in the financial services industry. He co-founded Proximity Financial Partners in 2...

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Understand the differences between deferred and immediate annuities

Ron Grensteiner President American Equity Investment Life Insurance Company
An annuity is a contract between an insurance company and an individual in which the insurance company makes a series of guaranteed income payments in return for premium from the individual. The retirement landscape is changing, and an annuity can be a great way to help achieve a secure retirement. In fact, only an annuity can pay an income that can be guaranteed for the rest of an individual’s life. There are several different types of annuities, each designed to meet a specific guaranteed income need. An annuity is considered either deferred or immediate. A deferred annuity has an accumulation period, which is the time between when premiums are paid and when income payment begins, which could be years later. An immediate annuity has no accumulation period. The income payments start no later than one year after the premium has been received by the insurance company. Below is a breakdown of the most common types of deferred and immediate annuities.
Ron GrensteinerPresident

Ron started his insurance career in 1985 as an agent with Northwestern Mutual Life and later served as regional vice president for American Life and Casualty, a subsidiary of The Statesman. Ron is also a Chartered Financial Consultant and a Char...

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Plan for retirement and get the most out of Social Security benefits

Social Security can be an important part of your retirement income. Knowing your options will help you make the most of your benefits and avoid costly mistakes.

Ryan Franklin, CFP®Senior Financial Advisor

Ryan Franklin has been helping high net worth individuals and the owners of closely held businesses develop financial plans, manage their assets, and achieve their investment and business goals since 1998. As a financial advisor with Moss Adams ...

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Save for retirement the moment you land your first job after college

Sean Ciemiewicz Principal, CIMC, AIFA, LPL Financial Consultant Retirement Benefits Group

So you worked your way through college, received your degree, and are fortunate enough to have landed your first full-time position out of school. For many people, the leap into the “real world” is a bit intimidating, while others are thrilled to put classes, homework and exams behind them and start working. Many individuals will be earning a substantial salary – higher than they’ve ever earned before – and with that comes an increase in expendable income.

Sean CiemiewiczPrincipal, CIMC, AIFA, LPL Financial Consultant

As one of the Principals of Retirement Benefits Group, Sean Ciemiewicz works with a phenomenal team of professionals dedicated to retirement programs for companies and individuals. Sean’s expertise is working on education and communication progr...

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Planning for health care costs is vital to successful retirement

Jordan Mills Senior Associate Consultant Wipfli Hewins Investment Advisors, LLC

There are typically three images that people have when considering retirement: exotic vacations, tropical drinks and crippling health care costs. While you may think Medicare and other programs will take care of many of your expenses, in reality, estimating the cost of future health care expenditures is one of the most difficult processes of retirement planning. This article will explain why planning for your health care costs is critical to a successful and tranquil transition into retirement.

Jordan MillsSenior Associate Consultant

A 14-year financial services professional, Jordan Mills joined Hewins Financial in 2011 with a passionate commitment to working as an advisor. She has made simplification a cornerstone of her service approach for wealth management and investment...

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How to benefit from rolling over your 401(k) to an IRA

Sean Ciemiewicz Principal, CIMC, AIFA, LPL Financial Consultant Retirement Benefits Group

There are many things to consider when deciding if you should roll your 401(k) to an IRA. Like anything else when it comes planning for the future, it’s important to look at all of the options, come up with a plan, and see it through. When managed correctly, IRA’s can be an effective way to plan for your retirement, but you need to consider issues like fees and expenses, consolidation, and staying on top of your accounts when looking into a roll over. Here are some simple principles to follow when starting the process.

Sean CiemiewiczPrincipal, CIMC, AIFA, LPL Financial Consultant

As one of the Principals of Retirement Benefits Group, Sean Ciemiewicz works with a phenomenal team of professionals dedicated to retirement programs for companies and individuals. Sean’s expertise is working on education and communication progr...

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Know how to financially plan for retirement so you can retire on time

Sean Ciemiewicz Principal, CIMC, AIFA, LPL Financial Consultant Retirement Benefits Group

Planning for your future is absolutely critical if you want to retire comfortably and on-time. Many Americans find that they aren’t adequately prepared to leave the workforce because they believe retirement planning is an overly complicated process. While there are many things to consider - from your current expenses, to debt, to where you plan to live once you retire - the most important thing is that you have a plan in place and stick to it. Here is some simple advice to follow when starting to plan for your retirement.

Sean CiemiewiczPrincipal, CIMC, AIFA, LPL Financial Consultant

As one of the Principals of Retirement Benefits Group, Sean Ciemiewicz works with a phenomenal team of professionals dedicated to retirement programs for companies and individuals. Sean’s expertise is working on education and communication progr...

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Expert advice on choosing lifetime income annuity program

Annuities are the only product that can guarantee a lifetime income stream, regardless of how long you live. A lot of today’s current and future retirees are worried about outliving their money, so an appropriate “transfer of risk” annuity strategy for lifetime income can help enhance and add to current retirement income streams.

Stan The Annuity ManAnnuity Expert

Stan The Annuity Man is an annuity specialist and nationally recognized annuity expert. With over 20 years of experience in the financial services industry, he has developed unique proprietary and trademarked annuity strategies that have been ad...

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Gen Y workers must start saving and investing early for retirement

Roughly four out of ten Gen Y workers, also known as millennials, do not have a clear strategy for retirement. As a result, these members of the workforce may have trouble retiring on their own terms. Learn the ins and outs of building an effective retirement saving strategy that allows you to make regular savings contributions in the most effective way possible with this expert advice.

Howard S. Dvorkin, CPAFounder and Author of Credit Hell: How to Dig Out of Debt

Howard S. Dvorkin is the founder of Consolidated Credit Counseling Services. He is dedicated to public outreach initiatives and has contributed his time, knowledge and resources to educating consumers about personal finance. He has helped thousa...

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