Wealth Management
Top stories summarized by our editors
1/17/2018

Central and South American countries landed seven of the top 10 spots for favorable retirement destinations outside the US and Canada, according to the 2018 Global Retirement Index from International Living. Costa Rica took the No. 1 spot this year, moving up from fourth place last year.

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International Living
1/17/2018

Retirees tend to gravitate to opposing poles in how they spend their nest eggs, with some too parsimonious and others too carefree. The best course lies somewhere in between, as Steve Vernon explains.

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Forbes
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Steve Vernon
1/17/2018

Some preretirees are placing a lot of long-term faith in bitcoins by taking advantage of retirement funds based in the cryptocurrency. Despite the growing enthusiasm, writes Leigh Cuen, there are a number of complications that investors should be aware of.

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Leigh Cuen
1/17/2018

Fixed-indexed annuities are a practical answer to many retirement concerns, including income longevity, risk, tax efficiency and inflation, according to financial consultant Eric Peterson. He writes that people who won't consider them are depriving themselves of powerful tools, adding, "I urge even the most die-hard annuity haters to give them another look."

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Kiplinger online
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Eric Peterson
1/17/2018

The combination of market conditions, the regulatory environment and the new tax law could turn 2018 into the year that more retirement plans start to embrace in-plan deferred annuities and other guaranteed income options, according to Bob Melia, executive director of the Institutional Retirement Income Council. Federal legislation first introduced in 2016 giving plan sponsors who provide annuity options a new safe harbor that limits their fiduciary liability may be reintroduced this year, he said.

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Employee Benefit News
1/17/2018

Clients worried about running out of money in retirement may be put at ease with an annuity, according to Justin Fort, president of Fort Wealth Management. He urges advisors to act as "annuity consultants" rather than salespeople, suggesting, "Imagine you are a doctor prescribing an annuity to your patient as a cure for a retirement infected with risk."

1/17/2018

The time-tested rule that states you can safely withdraw 4% of your retirement nest egg each year is outdated, writes Maurie Backman. He discusses the rule's flaws and suggests using it as a benchmark rather than a hard-and-fast rule.

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The Motley Fool
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Maurie Backman
1/17/2018

The new tax law contains a number of opportunities advisors can capitalize on to save clients money, writes columnist Greg Iacurci. He outlines seven salient strategies, which cover aspects of family gifting, Roth conversions for individual retirement accounts, 529 savings plans and advisory fees.

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Greg Iacurci, tax law
1/17/2018

Those planning to retire this year face several important decisions, Emily Brandon writes. Steps include setting up your health insurance, either through Medicare or, if you're retiring before age 65, through another source.

1/17/2018

Advisor Jerry Golden lists some of the financial and psychological benefits of working past the traditional retirement age of 65. Another five years of full-time or part-time employment could lift available retirement funds to as much as 90% of a worker's earlier income and provide more time to secure a sound retirement income strategy, he asserts.

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Kiplinger online
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Jerry Golden