You're Going to Work Well Into Your Retirement

Get used to working: you're going to have to do so for much longer than you'd imagined if you're ever going to retire.

As the folks at Bankrate.com discovered in a recent survey, 70% of non-retired Americans plan to work as long as possible during retirement. Only 25% say they have no plans to work during retirement. Of those who plan to work as long as possible during retirement, 38% are planning to work because they like to work, 35% need the money and 27% say it's a mix of both.

Continue reading source article here.

Damian J. Sylvia

Retirement Income Solutions

220 Monmouth Road

Oakhurst, NJ 07755

Not your grandma's retirement home: Check out this luxe living

Jeff and Sharon Kay Brown are not retired yet, but they moved into an active adult community in Broomfield, Colorado, just outside Denver, less than a year ago. After living in several different cities over the years, they wanted a social atmosphere with people their own age, but they didn't want to skimp on the luxuries.

Continue reading source article here.

Damian J. Sylvia

Retirement Income Solutions

220 Monmouth Road

Oakhurst, NJ 07755

Top 7 hacks for saving more for retirement

Worrying about having enough retirement savings can keep you up at night. If you've barely put anything away, it's easy to panic or give up on saving altogether. But there's a third option: You can find ways to funnel a few extra bucks into your 401(k) account or your IRA. If you're ready to put more effort into saving, here are seven easy ways to fill your retirement accounts.

Continue reading source article here.

Damian Sylvia 

Retirement Income Solutions 

220 Monmouth Road

Oakhurst, NJ 07755 

Ask Larry: ​I Got Hit By Deeming. Can I Undo The Damage?

Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits.

Today’s column examines examines the deeming provision, by which you might be deemed to file for both your spousal and your retirement benefit, spousal and widow(er)’s benefits and other topics.

You can submit a question by clicking on the link below. Questions submitted to Ask Larry are answered by Social Security experts.

Continue reading source article here. 

Damian J. Sylvia

Retirement Income Solutions

220 Monmouth Road

Oakhurst, NJ 07755

Is your retirement ready for a natural disaster?

Retirement planning is most often defined as achieving financial security against a backdrop of long lazy days enjoying sun, sea and sand. Unfortunately, finances are only one element of safety and security in retirement. The recent torrential rains targeting the Gulf Coast, particularly Louisiana, have resulted in six deaths and nearly 20,000 people being rescued from the flood waters, putting weather-related disasters back in the news. If you are retired and such an unfortunate event happens, are you prepared?

Continue reading the source article here. 

Damian J. Sylvia

Retirement Income Solutions

220 Monmouth Road

Oakhurst, NJ 07755

Should You Plan On Your Retirement Lasting 30 Years Or 40?

The 4% rule has a planning horizon of thirty years. As I mentioned during the discussion of the PMT formula, different time horizons suggest different spending rates. An eighty-five-year old is not necessarily limited to a 4% spending rate.

The 4% rule gets its name from its suggested spending rate for the first year of retirement. Beyond that, the spending rate evolves as inflation guides future spending and portfolio returns guide the amount of remaining financial assets.

Continue reading source article here.

Damian J. Sylvia

Retirement Income Solutions

220 Monmouth Road

Oakhurst, NJ 07755

4 Numbers That Help You Plan for a Secure Retirement

Try these rules of thumb for your retirement nest egg.

Read the complete article here. 

Damian J. Sylvia
Retirement Income Solution
220 Monmouth Road
Oakhurst, NJ 07755