Today, many Americans feel entirely on their own when it comes to retirement income.
To manage their anxiety, retirees must learn to separate fact from fiction when it comes to generating the income needed for their sunset years. Let’s first get the fallacies out of the way:
- You should rely primarily on safe, income-producing investments to create income in retirement
- There is a one, magic withdrawal rate that will ensure you will never run out of money.
- It's a bad idea to spend capital from the retirement portfolio.
Now for the facts. Here’s what really matters to a retiree drawing out income from his or her retirement savings:
- Taxes matter.
- Timing matters.
- Spending matters more than investments.
Read the entire article at Let's Make a Plan.
Washington Education Association Member Benefit For Free Legal Services
Last month I was a part of the Pasco School District back to school Expo and there I learned of a great benefit to members of the Washington Education Association (WEA) which includes many employees of our local area school districts. The law firm of Kuffel, Hultgrenn, Klashke, Shea & Ellerd located in Pasco WA www.khkslaw.com, offer members and their immediate family, two free 30 minute consultations with one of the lawyers, annually. Then if you retain their services, you are intitled to a 30% (WEA) or 15% (PSE) discount off that lawyer's hourly rate. Some limitations apply but if you are in need of legal help, such as completing your will (about 50% of Americans haven't), it is worth looking into and passing this tip on to area educators.
Last Friday I spent the morning at the KSD offices participating in a community workshop. We had a main presentation by Dave Bond, Superintendent, then broke out into different workshops to learn more about certain topics. I attended the Technology in Middle School, where we actually got to use a new Texas Instruments calculator used in math class, Middle School Math where we learned of the district’s emphasis on getting middle school students into higher level algebra and Middle School English, where we received instruction just like a student on a pre-reading assignment. Lunch boxes, which were prepared by Tri-Tech Catering, were served while we listened to several Kennewick high school students about their time at school and how it prepared them for life after school. All in all, I left feeling that the district is progressing well, that the people involved really care about the success of each student, and that there are many, many options open to each student to follow their learning style and interests in order to succeed at school.
Angie Furubotten-LaRosee, CFP® is a financial planner who helps regular people with "big picture" planning, focusing on their money and their lives.
All 2011 Taxes Education Elderly Financial Planning Hard Work Heart Health Kennewick School District Legal Help Levy Lottery Millionaire Perserverance Planning Retirement Retirement Income Saver's Credit Savvy Social Security Scams September 11 Social Security Strategies Teachers Valentine Wills
Click to set custom HTML