About Social Security

When and how you file for Social Security can make a big difference in the amount of retirement income you receive every month, as well as the cumulative benefit amount you will receive throughout your retirement. Here's some basic information you need to know about Social Security before you file!

How RMD Work

Some people are surprised to find that they have less money saved for retirement than they thought due to RMDs (Required Minimum Distributions) which start at age 73. The money you have in traditional retirement accounts like 401(k)s will be taxed as ordinary income when you take it out.

Portfolio Diversification

When you are young and just starting out in your career, waiting out market downturns and continuing to invest makes a lot of sense; you can benefit from dollar-cost-averaging. But if you're getting close to retirement, market downturns can lead to a complete depletion of your funds if you don't diversify properly.

Decumulation Vs. Accumulation

When you decide to retire, you will have to create a monthly income out of the retirement savings you have accumulated. Instead of saving, you'll be spending; the trick is, how do you keep from running out? It's a whole different way of dealing with your money!

FIA 101

An annuity might help you convert your retirement savings into a monthly income that can last as long as you live. You can sometimes think of annuities as your own personal pension. But not all annuities are the same. Learn more about what fixed indexed annuities.