“Incorporating an income annuity into a retirement portfolio increases income, cuts retirement stress and boosts retirees’ confidence, according to a study by researchers Michael Finke and Wade Pfau from The American College. Income annuities lower the risk of outliving savings in retirement without lowering overall income, compared with an investment-only approach, the study found.” Retirement…
Day: April 24, 2019
Where to put your "safe" money when interest rates are low
Low interest rates are great when you are borrowing money but frustrating for savers, especially retirees who seek to keep up with inflation but want to avoid risk. Of course, the best way to keep up with or beat inflation, at least before taxes, is to invest in stocks. But you don’t want all your…
Medicare Part B cost going up
According to The Wall Street Journal (4/23/19) the cost of Medicare part B premiums for 2020 will likely increase $8.80/month from $135.50 to $144.30. The previous increase was from $134 in 2018.While Medicare part A that covers hospitalization is usually free for most Americnas 65 and older, Part B charges a monthly premium that ranges…