Download The Findit App

Share Your Posts On These Major Social Networks

Instatag Your Posts to Instagram Facebook + Twitter

News

How to Retire Happy

A Happy Retirement is Based on Good Economics

Mesa 12/4/2019 10:00:00 AM

Cash flow is king in your golden years and debt can cannibalize your cash positions like no other expense. Debt reduction needs to begin no later than five years out from your retirement date. You’ll still have living expenses that will more than likely increase each year, so debt and mortgage payments need to be eliminated before you retire. That’s the first step in building a financial profile that makes good psychonomic sense.

It’s critical to have a guaranteed source of income that doesn’t correlate to the market and is insured contractually to generate revenue for the rest of your life. And to cover the ever-increasing costs of goods and services in retirement, an inflation element needs to be added, especially in light of the little to no increase in Social Security benefits over the last six years.

Lifetime income annuities can generate guaranteed income you can’t outlive. And in retirement you need reliable income because your Social Security benefits won’t be enough. You can also add an inflation rider to these annuities as well, to guarantee annual increases throughout retirement, unlike the unpredictability of Social Security benefit increases. That can create a degree of psychological solace in your later years, knowing that you have guaranteed income you can’t outlive.

Happiness in retirement is tied to the math and science of solid economics. It starts with divesting yourself from debt and a mortgage payment. Then you need to create a financial profile and develop a disciplined investing posture that reflects your lifestyle. Part of a financial profile is determining your risk tolerance; life expectancy, fixed expenses and future medical and long term care costs.

The happy factor is indeed a fact built upon math and science that creates solid economic sense. It’s a mindset. It’s your psychonomics. It may just give you the peace of mind you’re looking for in your retirement years.

More News

https://s3.amazonaws.com/findit-pictures/304618/15cbd0ce-653d-42fe-904b-60b160b30688.jpg

Risk & Reward: Everyone Has Some Threshold of Financial Pain

Most people have a predisposition about risk. It’s generally environmental and based on family upbringing. That doesn’t mean it’s necessarily right, it’s just where you are, depending upon your financial literacy. Whether you know it or not, you ...

Released On: 12/27/2019
Views: 1878

https://s3.amazonaws.com/findit-pictures/304618/5c11d9a2-2454-420f-bb42-7d9f0e9c7763.jpg

Establish Your Financial Timeline Based On Approximating Your Life Span

There are mortality averages based on actuarial statistics that can approximate the life expectancy of the general population at large. But “averages” don’t address half of those who will exceed the norms. The more data you put into determining y ...

Released On: 12/26/2019
Views: 1831

https://s3.amazonaws.com/findit-pictures/304618/2daf071e-f113-44d4-ac16-5fc18b17a4e4.jpg

You Can’t Make Good Financial Decisions Without Knowing Your Effective Tax Bracket

For most wage earners and retirees taxes are the biggest expense they’ll ever have over their lifetime. Managing your tax bill effectively is learning to become a “gamer,” by avoiding tax traps and snares along life’s journey. You have to know th ...

Released On: 12/25/2019
Views: 1746

https://s3.amazonaws.com/findit-pictures/304618/225d9f5d-44e6-4e13-b3ee-c07900ef43f0.jpg

Baby Boomers Must Create a Retirement Budget or Risk Losing Control of their Money

It’s rather stunning to discover that most baby boomers have never had a budget in their life, but they’re going to need one in retirement. Retirement may be the biggest motivator for most Americans to create a budget because retirees live month ...

Released On: 12/24/2019
Views: 1849

https://s3.amazonaws.com/findit-pictures/304618/11103acb-9d7e-46de-afaa-81db9a26dd89.jpg

Life Has Milestone Events That Have A Financial Impact

Life just happens, but there are predictable events common to most in our culture and most of those events have a financial impact. Planning for those predictable events can prepare you to meet many of these obligations. The life event checklist ...

Released On: 12/23/2019
Views: 1917

https://s3.amazonaws.com/findit-pictures/304618/32f77340-ae1d-42d4-88d7-222f83292aad.jpg

The Extension of Human Life Expectancy: The Final Frontier of Retirement Planning

The Mortality Revolution may very well be the final frontier in mankind’s quest to beat death. So far, the grim reaper has won every time, but new timelines are emerging in human longevity that are delaying the inevitable. Prepare yourself for l ...

Released On: 12/20/2019
Views: 1748

https://s3.amazonaws.com/findit-pictures/304618/99f307a7-8aeb-4972-bfbf-69d62336bb9b.jpg

Longevity Risk is its Own Risk Multiplier of Every Other Retirement Risk

Living longer is exacerbating over a dozen other retirement risks that threaten the vast majority of retirees and those near retirement. If the status quo continues, the retirement lifestyle of most seniors will be severely pared back. Watch the ...

Released On: 12/19/2019
Views: 1788

https://s3.amazonaws.com/findit-pictures/304618/b1bdcb96-7415-499f-ba7a-36c65b92ee87.jpg

Almost All Retirement Plans Need Serious Updating in Light of the Mortality Revolution

Most of the retirement plans currently operational have a significant flaw. They’ve grossly underestimated the increase in life expectancy over the last generation. But government and military pensions are in the greater financial jeopardy, becau ...

Released On: 12/18/2019
Views: 1763

https://s3.amazonaws.com/findit-pictures/304618/e64bac33-4257-4124-bcea-41317cc82cd6.jpg

Bonds Have Interest Rates, Stocks their Dividends, Annuities Longevity Credits

The law of large numbers and changing demographics of life expectancy is having a significant impact on guaranteed lifetime annuities. Annuity manufacturers are touting their alpha with mortality credits and receiving newfound interest among fina ...

Released On: 12/17/2019
Views: 1779

https://s3.amazonaws.com/findit-pictures/304618/0758fe7d-25a8-4eae-9ce9-e7ca90b52e0b.jpg

Shock! The Age Wave is Upon Us and We’re Not Ready

The last 100 years have seen a significant increase in human longevity compared to the earliest records of mankind. The spike in longevity has caught the Western world by surprise. The effects of this revolution are affecting financial planning a ...

Released On: 12/16/2019
Views: 1735

https://s3.amazonaws.com/findit-pictures/304618/c92a8a0b-8492-4325-b6d4-530642b4667f.jpg

Protecting Social Security Benefits from Taxation

There was a time when Social Security benefits were not exposed to ordinary income taxation. But over the years, small incremental steps were taken to tax the benefits. Maybe “means testing” may be implemented to shore up the vulnerable Social Se ...

Released On: 12/13/2019
Views: 1427

https://s3.amazonaws.com/findit-pictures/304618/369c956a-4a3d-4960-8a83-f992bc8b0b97.jpg

Collateralized Loans from Cash Value Life Insurance Policies & Home Equity Could Be Tax Free

Collateralized loans are not characterized as income and are not reportable, as such, on your 1040 form. And because these loans are not forms of taxable income, they are not counted for the provisional income test for Social Security taxation. W ...

Released On: 12/12/2019
Views: 1895

https://s3.amazonaws.com/findit-pictures/304618/1ba4827b-5a3c-4987-a478-0f09471640b2.jpg

Tax Management in Retirement Requires Tax Management During the Contribution Period

Retirement, as it is today, is inherently crippled by taxes. You may very well have one million dollars in your retirement plan, but Uncle Sam may own up to 40% of it. Health Savings Accounts (HSA) and Roth IRAs need to be reconsidered as a first ...

Released On: 12/11/2019
Views: 1699

https://s3.amazonaws.com/findit-pictures/304618/13faf649-2308-49d3-948d-a7f19e8064d7.jpg

Taxes in Retirement is the #1 Threat in Retirement Cash Flow

Most American workers don’t comprehend the realities of retirement until they’re a few years from retirement date, which is often too late. They’re just too busy dealing with immediate financial pressures to understand the long-haul consequences ...

Released On: 12/10/2019
Views: 1727

https://s3.amazonaws.com/findit-pictures/304618/24e22fdc-181b-40c9-8fc5-7d6bb4855405.jpg

Retirement Facts, Stats and Hacks for the Next Generation

Retirement will undergo a drastic reinvention as the newest generation redefines it's golden years in their investment habits and senior lifestyle goals. https://www.youtube.com/watch?v=RAdtMWBaseY&feature=youtu.be

Released On: 12/9/2019
Views: 1686

https://s3.amazonaws.com/findit-pictures/304618/3d46241d-4d89-4874-a7fa-5a604f1912c4.jpg

Uncle Sam Owns a Chunk of Your Retirement Accounts

Your retirement account is only as big as your tax planning strategy. Your personal exemptions and standard deductions in retirement will not be enough to offset your tax bill. Tax management must be a major component of your retirement plan. Wat ...

Released On: 12/6/2019
Views: 1793

https://s3.amazonaws.com/findit-pictures/304618/8a315712-71ea-4ca2-a116-f4e41d6c5ed3.jpg

Guaranteed Income You Can’t Outlive Can Mitigate Market & Longevity Risk

If you have longevity in your family, guaranteed income for life is a must consideration. If you think it’s reasonable that medical advances will impact your longevity, then guaranteed income for life may need to be in your retirement plan. Watch ...

Released On: 12/5/2019
Views: 1647

https://s3.amazonaws.com/findit-pictures/304618/d5d6ff6d-c69b-4aed-8d08-c0759001e726.jpg

How to Retire Happy

A happy retirement is based on math and science, not on wishful thinking and hoping things turn out right. You need to eliminate debt and risk in retirement and secure reliable income to generate the peace of mind that seniors desire in their gol ...

Released On: 12/4/2019
Views: 1396

Load More wait

Map

LifeSize Solutions, LLC

Get Directions

LifeSize Solutions, LLC

  • 236 N Country Club Dr #2
    Mesa, Arizona 85201
    United States
  • 5202614599
  • 8:00am to 5:00pm Mountain Time