older couple

Baby Boomers Start Migrating to College Towns

Devalued stock portfolios, vanishing pension funds and worries about Social Security funding is spelling significant financial insecurity for some members of the baby boomer generation. But unlike their parents, who wanted to quit working and stay put during retirement, baby boomers are ready to move and hit these challenges head-on. According to the New York Times, large numbers of baby […]

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Posted by bobrichards - December 31, 2013 at 6:13 pm

Categories: retirement living   Tags: , ,

sad older man

Proof that it is Not Possible for Most to Retire

Wall Street Says You CAN Retire There is so much talk about saving for retirement that you may come to believe it is possible, with the right habits and discipline, that a comfortable retirement is possible for everyone.  The truth is that maybe 20% of the population can retire in the traditional sense (i.e. live off of past savings).  The […]

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Posted by bobrichards - November 24, 2013 at 10:28 pm

Categories: retirement savings   Tags: , , , , ,

greenspan

Secondary Annuities – Higher Return Without More Risk

How the Rich Invest One technique of the rich is to supply cash to people who badly need it. Using this concept, the rich are able to make higher returns.  But aren’t these investments more risky?  Not necessarily. Consider these two types of people Those who win lawsuits and the court requires that their settlement be in the form of […]

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Posted by bobrichards - November 20, 2013 at 7:26 pm

Categories: retirement income   Tags:

Secondary Annuity Offerings

These offerings ae current as of 11/19/13 and change daily.  To to get current offerings, please fill out the form below. SMAs are available on a first come – first served basis.  Please be aware that the green SMAs below are being offered at above market rates.  Fill out the form below if interested in any of these offerings or […]

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Posted by bobrichards - November 19, 2013 at 6:53 pm

Categories: annuity rates   Tags:

senior tax

Tips for Upcoming Tax Changes Affecting Retirees and Pre-Retirees

Although this blog is for people near retirement or already retired, this first tip applies to every taxpayer. It has always surprised me that accountants do not contact their clients in October and November to help them reduce their tax bill for the year.  If you wait to see your accountant next February or March to prepare your tax-return for […]

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Posted by bobrichards - November 5, 2013 at 6:38 pm

Categories: tax breaks   Tags: , , ,

homeless

Typical Financial Advice Will Leave Retirees Broke

There’s been a model in retirement planning that I think is been unquestioned for many years and is broken.  That model is that you spend your life, your working years, in the accumulation phase and then once you retire you enter the distribution phase.  Graphically it looks something like this:   However, the risk in that model is that you […]

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Posted by bobrichards - October 1, 2013 at 3:42 pm

Categories: retirement income   Tags: , , ,

guy with cash

Earn Income Without a Job or Skills

I have written several times on how to earn money without a job. Stop Looking for a Job Starting a Business After Retirement Wrong Thinking about Getting a Job My latest post was a guest post on 5 more reasons not to get a job. Real Examples on How They Earn Income with No Job Here are some outrageously good […]

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Posted by bobrichards - September 12, 2013 at 7:01 pm

Categories: retirement money   Tags:

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Bob Richards