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Retirement Planning

Article by Alka

Retirement Planning is an essential element of any financial plan. It is a comprehensive process for determining how much money you will need when you retire. It also helps you identify the best ways to save for retirement in your given financial situation. Retirement planning is like an assurance that you will continue to earn a steady income and enjoy a comfortable lifestyle, even when you are not working any longer.

To understand why an increasing number of individuals have already started planning early for their retirement, is that you need your income stream to keep going with rising inflation rate. It is therefore easy to understand why meeting your monthly bills seem more important, especially if your retirement is still far ahead, but, here’s something to think about…. As you move through your life, you will experience and come across many life events that will affect your future financial security such as getting married, starting a family life, buying a house, and sending your children to college and further studies. All these events will affect your ability to plan for your future financial security. If you develop a flexible long-term plan, you will can overcome these obstacles and ensure financial independence in your retirement years with a fixed income flow. It is therefore really important to understand your future needs and requirements. To determine the appropriate percentage of income for your retirement age, you will need to determine if any of your current expenses will change when you retire. Whether your travel and leisure expenditures increase? Whether your job-related expenses for commuting change? or Will you be paying more for medical liabilities? It’s generally accepted fact that many of your routine expenses will change during your retirement years. In the coming years it becomes all the more necessary to determine whether those expenses will increase or decrease, and by how much.

Both living expenses and inflation are important in understanding your retirement needs because you are planning for a period of time, not a point in time. The living costs set to soar, the skyrocketing costs throw even a well-salaried person off the balance, With the rising inflation rate everyday, you can imagine how high they will be when you are ready to retire. Therefore, a proper retirement plan provides you with a income every month, to arm you in the face of rising costs. It is true that a successful retirement plan requires your active involvement and long-term commitment.

Some may like it. Some don’t. But retirement is a reality for every working person. Most of the young people today think of retirement as a distant reality. However, it is important to plan for your post-retirement life if you wish to retain your financial independence and maintain a comfortable standard of living even when you are no longer earning. Retirement Planning acquires added importance because of the fact that though longevity has increased, the number of working years haven’t. therefore, retirement planning is too pressing and long-drawn to be taken up when you are a just few years away from retirement.

You retire from work. Not from life.

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Retirement Plans: Financial Security upon Retirement

Article by Carla Ballatan

Most employees, upon reaching retirement age, anticipate such time when they can totally relax while still enjoying financial security. That’s why even at the very beginning of their employment, they are already looking far into the future about the kind of retirement benefits they might possibly get.

There are formal contracts to provide retirement benefits for employees upon reaching retirement age. They are called retirement plans. Some retirement plans can be set up by the employee themselves while some are sponsored by their employer.

The Employee Retirement Income Security Act or ERISA Law is the federal law governing employee’s retirement plans. Qualified retirement plan is the operative term for the specific plan that complies with ERISA law. By complying with this applicable law, the plan’s taxes are deferred on contributions and earnings of the employee until withdrawn. ERISA has non-discrimination rules and other safety nets to protect employee’s benefits.

Although there are no existing laws that obligate employers to establish retirement plans for their employees, they may provide such packages in order to attract incoming employees and maintain present employees. Aside from that, setting up qualified plans by employers lets them gain tax benefits.

If there are qualified plans, there can also be non-qualified plans. As opposed to the former, non-qualified plans, as the work itself connotes, do not qualify the plan for tax benefits. Such plans are usually set up by employers for their management executives.

There are several examples of qualified retirement plans. The more popular ones are the individual retirement account or IRA. It is a contract by the employee with himself with the purpose of having the money in a tax-qualified account until their actual retirement.

In having an IRA, the employee’s taxes are postponed contributions along with the ensuing earnings until they are withdrawn.

The 401(k) plans, is another type of a delayed compensation plan. An employee can contribute ever year while their employers share a corresponding percentage of what they contribute. Not until the employee start receiving distributions does he get taxed for contributions.

However if the employee starts withdrawing before they reached the age of 59 1/2, he may have to pay up stiff penalties. However, contributions can grow and accumulate until withdrawal, and everything is on a pre-tax basis.

Profit sharing plans, in simplest terms let employees share in the profits. This type of plan gives employers a chance to supplement other retirement benefits for the employee. It depends on the employer how much are the contributions. Employers must observe that the contributions must be on a non-discriminatory basis. Usually employers make contributions according to the percentage of total annual pay roll.

Pension plans have two basic qualified types. The defined benefit plans have a specific pension amount according to a certain formula and the defined contribution plans have a specific amount the employees are required to contribute in individual accounts.

It is essential for an employee to be aware of the retirement plan set up by their employers during their employment. Employees need to understand the plan itself, how it works and what benefits to be gained. Then, they must also keep tabs of their money wherever it is deposited. This way, employees and their families can be assured of their future financial security.

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Your Retirement Planning Tool — A 10 Point Checklist

Article by Patrick Millerd

Retirement planning is a complex and challenging task requiring a retirement planning tool that matches the task. However these must not be so complex or “blackbox” that they are not fully understood.

Many, many people are totally unprepared and should realise that they will need some support and advice.

This retirement planning tool is a simple checklist. It makes you think about all the things you need to consider as you start down your path to a, hopefully, rewarding and successful retirement. Initially most people will not find this easy. Be warned there will be many temptations and hazards along the way.

As you start out remember that it’s not the plan that’s so important … it’s the planning. The thinking and understanding. Also as you develop your plan, write it down. In future you can review it, measure it and revise it.

1. Take full responsibility for your retirement plan … it is yours and yours only. Take personal and sole ownership. No-one else should do it for you as, anyway, you are going to have to eventually live it.

2. Think about what “retirement” really means to you. Be as clear as you can. Remember that you could be retired for 20 to 30 years, or even longer. Think back 20 or 30 years and recall all the changes that have taken place in your life. Retirement is not a one stage, short term event and there are many risks to be faced.

3.Although we are swamped by financial planning calculators and retirement planning software “plug and play” doesn’t work too well with something as complicated as retirement. Also hidden in their simplicity is many pitfalls with forecasts and assumptions.

4. Retire with a purpose. Carry on working either to earn money, to enjoy the social contact or to make a contribution. If you don’t need the money think about ways you can use your skills and talents to improve the society around you.

5. Do you feel that you must leave some legacy to your heirs? Are you prepared to degrade your lifestyle to make this happen?

6. What is your your planned retirement lifestyle? Will you have the means to do all those things you’ve always dreamed about?

7. Accept that the world is changing and will never be the same as it was in the past. Embrace the change, be flexible and adapt as things change around you. Wishful thinking should not be the basis for your retirement planning. “It is not the strongest of the species that survive, not the most intelligent, but the one most responsive to change” — Charles Darwin.

8. Retirement should be a new beginning and not the beginning of the end. Dump any baggage, open your eyes, resolve to take on the challenge with enthusiasm and excitement and not let any opportunities pass you by.

9. Health will deteriorate and costs of health care will increase. Consider that it may happen to me rather than it will never happen to me.

10. Once you have thought about the above issues you can then start working through your retirement financial planning. Be careful of advice by people who may have their own interests at heart … and you are merely a fee source for their own retirement plan! Try and recognise the difference between “expert advice” and what Nassim Taleb calls “experts… who are not experts.” Tax law and financial structuring is in the first category and all “future estimates (guesses)” in the second.

Be assured that this retirement planning tool will help you develop a complete plan. It will help you to balance your desires and aspirations with your resources. It will then up to you to make it happen and live your own successful retirement.

Which retirement plan suits you?

Article by Ishan Goradiya

All retirement plans are not the same. In fact, there is such a wide variety of retirement plans that it is worth it to read up on your choices. Here’s a brief look at the different plans and what they have to offer.

The Traditional 401(k). Most people have such a retirement savings plan, and it works like this. The plan is funded with pre-tax dollars taken out of your paycheck (through payroll deductions). If you’re lucky, your company will match your level of contribution or even make contributions on your behalf – after all, the employer contributions are tax-deductible.

The I.R.S. will currently let you put up to ,500 a year in a Traditional 401(k); COLA adjustments may drive that limit higher in the future. The I.R.S. also allows catch-up contributions (additional contributions from those aged 50+), with a current annual limit of ,500. In 2010, the total amount put into a 401(k) by you and your employer can’t exceed ,000.1

There are several variations on the traditional 401(k) theme …

The Safe Harbor 401(k). A byproduct of the Small Business Job Protection Act of 1996, the Safe Harbor plan combines the best features of the traditional 401(k) and a SIMPLE IRA, making it very attractive to a business owner. With a Safe Harbor plan, an owner-operator can avoid the big administrative expenses of a traditional 401(k) and enjoy higher contribution limits. The Safe Harbor plan allows for employers to make matching or non-elective contributions. Typically, employers match contributions dollar-for-dollar up to 3% of an employee’s income.2

The SIMPLE 401(k). Designed for small business owners who don’t want to deal with retirement plan administration or non-discrimination tests, the SIMPLE 401(k) is available for businesses with less than 100 employees. Like a Safe Harbor plan, the business owner must make fully vested contributions (up to 3% of an employee’s income). But the maximum pretax employee contribution to a SIMPLE 401(k) is ,500, and employees with a SIMPLE 401(k) can’t have another retirement plan with that company.2

The Solo 401(k). Combine a profit-sharing plan with a regular 401(k), and you have the Solo 401(k) plan, a retirement savings vehicle designed for sole proprietors with no employees other than their spouses. These plans currently permit you to contribute up to ,000 annually plus ,500 in catch-up contributions for a total of ,500 if you are 50 or older.3

The Roth 401(k). Imagine a Traditional 401(k) fused with a Roth IRA. Here’s the big difference: you contribute after-tax income to a Roth 401(k), and when you reach age 59½, your withdrawals will be tax-free (provided you’ve had your plan for more than five years). The annual contribution limits are the same as those for a Traditional 401(k) plan.4

You can roll Roth 401(k) assets into a Roth IRA when you retire – and you don’t have to make mandatory withdrawals from a Roth IRA when you turn 70½. With a standard 401(k), you have to roll over the assets to a traditional IRA and make the required withdrawals.4 The DB(k). The DB(k) is a defined benefit retirement plan with some of the features of a 401(k). Companies with fewer than 500 employees are starting to put them into place. They offer plan participants a retirement savings plan with the potential for a small income stream in the future, mimicking the pensions of years past. The pension income equals either a) 1% of final average pay times the number of years of service, or b) 20% of that worker’s average salary during his or her five consecutive highest-earning years.5,6And then there are SEP-IRA, SIMPLE IRA and Keogh plans …The SEP-IRA. This employer-funded plan gives businesses a simplified vehicle to make contributions toward workers’ retirements (and optionally, their own). The employer contributions are 100% vested from the start, and the employer can supplement the SEP-IRA with another retirement plan. In 2010, these plans have a ,000 maximum contribution limit, and an individual’s personal contribution limit depends on such factors as service, performance, and salary. These plans don’t permit catch-up contributions.3,7The SIMPLE IRA. This is like a SIMPLE 401(k) – a small business retirement plan with mandatory employer and optional employee contributions and a current ,500 annual contribution cap. But in this plan, there is one big difference for the business owner. If the business is not doing well, the owner can reduce plan contributions. The employer contributions are still 100% vested from the beginning, and ,500 catch-up contributions are currently allowed for employees 50 and older.3,8The Keogh Plan. The Keogh is designed for small unincorporated businesses. There are defined benefit, money purchase and profit-sharing variations; the defined benefit variation is a qualified pension plan offering a fixed benefit amount. In 2010, the annual contribution limit for a profit-sharing Keogh is ,000.9Did you know you had so many choices? If you are an employer, you may not have realized you have such an array of choices in retirement plans. But you do, and asking the right questions may represent the first step toward implementing the right plan for your future or your company. Be sure to ask a qualified financial advisor or business retirement plan consultant about your options today.

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Retirement Planning – How and When to Start

Article by Punit

Retirement is a phase that comes in everyone’s life. A man cannot work for his entire life. During the working phase of his life, he needs to start saving for his life after retirement. His standard of living might be high during the working phase of his life. But after retirement, he might not be able to maintain it because of improper planning. Most people do not know when and to start retirement planning.

The first important thing to consider before retirement planning is to have a clear idea about what you want to do after retiring. Based on that, you can determine the amount of money you require so that you can choose a suitable method to acquire it. The basics of retirement are savings. If you are good at saving money then your job is almost done. According to statistics, 70 percent of the yearly pre-retirement income must be available to have sufficient money after retirement. This is essential to maintain the same standard of living that you have experienced in your working years.

So when exactly do you start investing in retirement plans. It is simple yet it is unclear for so many people. The answer is as early as possible. That is, as soon as you start earning, you must save some percentage of it for the future. Those who have the habit of saving money have no problem. But it might be a challenge to those who do not know how to save money.

Most employers are aware that a high percentage of their employees are not in the habit of saving money. Hence, they may take a part of their income and invest it in retirement pension plans. This amount will be given to them when they retire. This is found in most of the private organizations. However, this type of retirement plans is not so efficient because if the money is given in whole, then it will not be useful for the employee. They might spend it out and will have to depend on some other source for their needs.

There is also the government retirement pension plans. Government employees and bank employees will be having this facility by default. Under plan, a part of the employee’s income is taken. After retirement, a part of this money is paid back to him on a monthly basis. This is called pension. Every month they receive a fixed amount from the government. Even if the person dies, his beneficiary will receive this amount. This is advantageous compared to the provident fund given by private employers because there will be a fixed source of income after retirement.

If you are working in an organization which does not take any measures for retirement, then you can try to start working for one the good private companies which offer different plans including pension plans. Your retirement is one of the most important phases of your life. If you do not start planning for it now, you might regret it later.

Employer retirement plans

During the years of the last century following the Great Depression, many employers offered their employers welfare benefit and retirement plans, most recently regulated under the Employee Retirement Income Security Act of 1974. This was an example of a more compassionate approach with employers accepting that wage levels were low, often not providing enough opportunity to save for retirement. They therefore deducted a small percentage of pay during employment and invested it through a fund used to pay benefits. In some cases, the fund also bought life cover. The effect was to provide some security to the employees when reaching retirement age and providing enough to pay funeral and other expenses later on.

While the economy was doing well, most of the larger corporations and public employers were able to maintain a good flow of investment income into these funds.

Indeed, so successful were many of these funds that employers took to borrowing money from the trustees rather than from their banks. In many cases, the trustees reported that this would leave a shortfall in the funds in the future. Employers were always quick to promise repayment should that shortfall become more likely.

Cultures change and, from the employees’ point of view, not always for the better. In the 1990s, the funds were hit by the dotcom bubble from 1995 onwards. Billions were wiped off the value of stockholdings and dividends were severely reduced. The shortfalls that were always in the distant future suddenly threatened to arrive the next day. Unfortunately, the employers did not have the cash to top up the funds. They therefore looked carefully at the wording of the plans to see precisely what their obligations were. Many discovered their attorneys had included a right to amend the plans without having to ask for consent from the trustees or employees.

Many of those who had retired were therefore surprised to receive notices telling them their benefits were being reduced. What had been quite generous benefit plans and insurance covers were significantly reduced. Some ex-employees sued, often with union backing. The most recent case involved the plans offered by Qwest Communications International. Retirees suddenly discovered their insurance cover had been reduced to ,000 from minimums of ,000 or ,000 depending on when they retired. After a long series of first instance hearings and judgments, this finally hit the Court of Appeals, Tenth Circuit. Unfortunately, the court sided with the employers.

The moral of this story is simple. If you are a member of a plan provided by your employer, read it through. If you see a clause which says something like the following: “While the plans listed below are the plans currently provided to eligible employees upon retirement, the Company reserves the right to amend or terminate any or all provisions in the future for any reason.” be warned. This means what it says. The employers can change the amount of payable whether during your life or as life insurance benefits. So no matter what your employer may have said in any literature about the plan – Qwest produced a video saying they would only ever vary the life insurance cover to improve it – you can find the benefits reduced tomorrow without you having a remedy. If this worries you, buy separate cover.

secureretirementfunds.com If you are concerned about your retirement accounts, savings and investment plan. Would you like to financially educate yourself on retirement planning worksheets and retirement calculators, to secure your early retirement in 2010 and safe sound retirement investing then you need to know this information that will help you to assess you retirement planning. Learn to improve your financial planning for retirement. You may also find this of interest if you are looking for retirement calculators, worksheets, early retirement 2010 or 2011, military retirement or Investment account and ira 401k, or information on RRSP Registered Retirement Savings Plan’s
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Article 31 Retirement Plans

My friends tend to laugh when I tell them of my retirement plans. I think it is because I am only 30 years old however I have always liked to be prepared well in advanced. Nothing is finalised as yet but I have it all worked out in my head. Ideally I want to divide my time between living in the UK and living in a delightful little town on the Greek mainland, called Parga. I currently live in central London but I would like to Moving Overseas move into the countryside after retirement. I would possibly move to the Cotwolds or maybe even as far north as the Lake District. I don’t need a large house. I have been unlucky in love so far and to be honest I don’t see that changing so I just need a small house for me and my dog, Buster. I would live in the UK from December – March and then head south for the Summer.

I am lucky enough to already have a small apartment in Parga. I bought it three years ago after I inherited a reasonable sum of money. It is a one-bedroomed apartment situated in beautiful lemon groves. A real haven of tranquility. However I am hoping to upgrade before my retirement. Ideally I would like an apartment overlooking the sea. There are some available currently but the price is a little over my budget so I am going to have to start saving really hard.I have been unlucky in love so far and to be honest I don’t see that changing so I just need a small house for me and my dog, Buster. I would live in the UK from December – March and then head south for the Summer. I am lucky enough to already have a small apartment in Parga. I bought it three years ago after I inherited a reasonable sum of money. It is a one-bedroomed apartment situated in beautiful lemon groves. A real haven of tranquility. However I am hoping to upgrade before my retirement. Ideally I would like an apartment overlooking the sea. There are some available currently but the price is a little over my budget so I am going to have to start saving really hard.

The Truth About Retirement Planning

Article by Kenneth Strong

What comes to mind when you think “retirement planning”? For most people, retirement planning elicits thoughts of 401K’s, IRA’s, mutual funds, or other types of investments. When you think of retirement planning, you probably are reminded of company benefits meetings where you were asked what your level of risk tolerance is. Does this question scare you? Retirement Planning doesn’t have to be risky. They tell you that the longer you have until retirement, the more risky you can be with your money as if losing a bunch of money is any less painful when you are younger. I don’t know about you, but I prefer to minimize risk, or eliminate it at every stage of life, not just at the end of my life.

The experts are only telling you that retirement planning is a form of gambling and should never be viewed as a sure thing. Encouragement of higher risk taking at a younger age only indicates that you have more time to rebound when your retirement account falters. That’s like saying it is better to be in a horrific automobile accident when you are 20. Then you can spend the next ten years recovering fully, and by time you are 30, you might be able to enjoy your life again. Let’s face it, do you really want to lose all of your hard earned money in a market downturn and spend the next several years just getting back to where you started? Did you know that for every 50% of value your portfolio loses, you have to gain 100% just to break even? Going up is twice as hard as coming down. So, why lose?

If you are smart, you will diminish, or avoid risk altogether; not by putting your money in super-safe annuities, or t-bills; but through solid financial education. You can minimize or eliminate risk with every morsel of knowledge you gain and apply to your retirement planning. Risk can be diminished or avoided with an educated approach to retirement planning. Risk can also be avoided if you change the rules by which you play the retirement game. Why continue to run in the rat race and save for a retirement that is a long way off, when you could accelerate your retirement by learning to build wealth now, and retire early?

There are several great resources out there to teach you wealth building and solid retirement planning. There are several great ways to put more money aside, and grow the money that you already have faster than you thought possible. My advice for building wealth and retiring early is simple. Pick one, or several income and investment formulas that work well for you, learn as much as you can about them, plan to save a portion of every increase, and follow through with your plan. It doesn’t have to be complicated. Too many people are subscribing to retirement planning that is far too complicated because the feel that retirement planning has to be complicated. Did you know that the world’s greatest investors don’t have complicated plans? They know and execute simple plans with exactness and perfection. Warren Buffet’s plan is very simple. It consists of 2 rules: #1) Don’t lose money, and #2) Don’t forget rule number 1! Think rich, and retire early. You owe it to yourself.

Scott discusses the risks of trying to time the market.
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Retirement Planning Guide

If you are in a retirement planning guide mode, and, you should plan five years prior to your actual retirement. Here are five reasons you should meet with a financial specialist (advisor) for your retirement planning guide. Keep in mind you should meet with a few different individuals or firms before making your decision. Be sure to review their credentials and references and or referrals. This is your retirement planning guide.   

1)    Knowledge and Expertise. Anyone can make claim to being an 

    advisor. Be sure this is a true professional with credentials. You

    should be able to be comfortable and trust your advisor. Most

    have extensive education in their field and should be proud to

    share with you their achievements and show off a retirement

    planning guide for you.   

2)    Realistic Goals. You can’t expect to invest and get back

    ,000,000 unless you play and win the lottery. This is not

    Your retirement planning guide. A financial specialist is trained to     guide you with goals that fit your needs and risk tolerance as    well as keeping you focused to keep your feet on the ground.

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 3)    Costs. Yes, it usually will cost you some money to have a financial advisor or meet to have a consultation for your retirement planning guide. Although, some may forgo the initial fee for a one time consultation as a meet and greet to get some sort of idea as to what you are wanting to achieve with your retirement planning guide and what they can accomplish for you. Many advisors work on incentives (commissions) and get paid from that product they advise you to invest your money with. If possible, see if they have a flat fee base and not a commission base. Keep in mind, some products they offer pay out more incentives to them than others. A True financial advisor will have your interest, comfort zone and risk tolerance in the forefront of any investment.

 4)    Appointments. You may want to ask friends, co-workers, relatives who they recommend. This way, you don’t have

    to search blindly through yellow pages (they seem to be

    not in use much) or the internet. It will be a warm introduction

to your retirement planning guide. One of the ways to seek your financial specialist is with your bank. Many banks now have in house staff that is qualified to give financial advise for your retirement planning guide. This does not exclude that this advisor is

not working on salary plus commission and may offer products

exclusive to the bank. Some offer products from third party investments.

 5)    Truth or Consequences. By not meeting with a financial advisor for your retirement planning guide and not being prepared for your retirement will bring great consequences and will be painfully truthful to you and your family due to your lack of planning. Remember, your lack of retirement planning guide does not constitute someone else’s emergency or fault.   

 Look at the benefits to a retirement planning guide as simple as it may be. A retirement planning guide advisor is more than a accountant or C.P.A or a tax attorney. Within your retirement planning guide, an advisor will be able to determine how much you will need as a monthly income in your retirement, cost of living, inflation, hidden expenses as well as planning to downsize.

 You can do your due diligence and have a retirement planning guide or you can plan to fail.

 

 

 

 

IRA Retirement Plans

 An Individual Retirement Account (or commonly referred as IRA”) is a retirement plan account in the United States that offers various tax compensations for retirement savings.

There are numerous types of IRA retirement plans. These types of IRA retirement plans can either be provided by the employer or self provided. Listed below are some of the IRA retirement plans available in the United States:

Traditional IRA

Traditional IRAs are conventional types of IRA retirement plans that are held at a custodian (ex. bank, brokerage, etc.). These types of IRA retirement plans may be invested in anyway a custodian chooses. For example, a bank may allocate deposit certificates while a brokerage may allocate stocks and mutual funds. The best provision of these types of IRA retirement plans is the tax deductibility of the contributions made. The conventional IRA has strict eligibility requisites based on income, filing condition, and accessibility of other retirement plans as mandated by the United States Internal Revenue Service.

Roth IRA

Roth IRAs are one of the types of IRA retirement plans in the United States that invests in securities, usually deals with common stocks or mutual funds. The contributions of the Roth IRA come from the earned income of an individual that already has been levied (these are not tax deductible). Withdrawals (up to the overall amount of contributions) are federal income tax free and the withdrawals of the total amount of earnings (everything beyond the total contributions) are frequently federal income tax free. The main disadvantage of Roth IRA is that when compared to a conventional IRA, its contributions are, in no way, tax deductible. If an individual that belongs to a high tax bracket contributes a thousand dollars to a conventional IRA, that individual can frequently receive a tax deduction.

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This significantly reduces the primary cost of contributing or possibly allowing someone with no large amount of disposable income to harbor more income. There are severe penalties if an individual makes early withdrawals of earnings, and an unqualified withdrawal of earnings will result in federal income tax and an additional ten percent penalty of the amount.

Simple IRA

Simple IRAs are types of IRA retirement plans in the United States that are provided by the employers. It is specifically set up as a type of Individual Retirement Account that an employer provides. More known as the 401(k) (or profit sharing plan) and 403 (b) (the tax sheltered annuity plans). This type of IRA retirement plan offers simpler and less costly administration policies.

is a successful webmaster and owner of popular and comprehensive Retirement information site. For more articles and resources on Retirement related topics, Retirement Plans, Retirement Communities, Individual Retirement Accounts and more visit his site at:

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On to a new series now. I’m going to take you through the process that I would take my clients through when they approach the point of taking benefits from their pensions. There are lots of factors to think about, and in this video I introduce the main factors which I will develop in future videos.
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