Customized For You and Your Lifestyle
Specializing in the income stage of retirement, Ronald Reinstein can assist you with distribution and reallocation of your retirement savings in the most tax efficient manner, reduce or eliminate unnecessary fees, in order to help you keep more of your money and plan for income throughout your retirement years.
As pensions are becoming less prevalent for employees, existing pension plans may be offering individuals the option to take a lumpsum distribution from the plan. This great article from Fidelity discusses the pros and cons on the decision of taking a monthly pension check direct from the plan or to take a lumpsum distribution.
According to the 2015 Retirement Confidence Survey, “statistically, there are no differences in the age at which workers plan to retire by gender; both groups have median expected retirement age of 65 (page 3 and Figure 5)
Source: EBRI. (2015). Gender and marital status comparisons among workers. (RCS Fact Sheet No. 5). Washington DC: Employee Benefit Research Institute. Retrieved fromhttps://www.ebri.org/pdf/surveys/rcs/2015/RCS15.FS-5.Gender.pdf
Between 1991 and 2007 the number of Americans between the ages of 65 and 74 that filed for bankruptcy rose by a staggering 178 percent.