A retirement income gap represents a shortfall between the income you will need to pay your essential (and possibly some non-essential) expenses in retirement and the amount that you actually have coming in. While you may be able to sustain this pattern for some period of time, you will eventually run out of money. Then […] The post Filling in The Gaps in Your Retirement Income appeared first on James K. Ault – Sooner Retirement.

If you have ever left an employer where you had a retirement savings account, you may have “rolled” those funds into a personal IRA. Doing so can allow you to take control over your money, as well as open up a much wider array of investment opportunities. But what about doing the opposite? Many investors […] The post Why Consider a Reverse Rollover? appeared first on James K. Ault – Sooner Retirement.

As interest rates have continued to rise, they are having a tremendous impact on home mortgages and fixed income investments. In the case of the former, rising rates can mean bigger house payments. In the latter, though, you could generate more growth and/or income. But what could higher interest rates mean for annuities? The answer […] The post What higher interest rates could mean for annuities appeared first on James K. Ault – Sooner Retirement.

There are many different types of annuities available in the marketplace today. These include immediate and deferred, as well as fixed, indexed, and variable. When the payments begin, and how the return is calculated, can depend on these variations. For instance, immediate annuities start to pay out income right away (or within 12 months of […] The post How much income will you receive from an annuity? appeared first on James K. Ault – Sooner Retirement.

Nobody enjoys paying taxes. This is one of the biggest reasons why pre-tax contributions and tax-deferred growth make traditional retirement accounts so appealing – at least during your working years. But at some point, that money will be taxable upon withdrawal. With that in mind, it is important for you to have a plan in […] The post Just how high could income taxes rise? appeared first on James K. Ault – Sooner Retirement.

Keeping your retirement income on pace with future inflation can be a significant piece to your overall financial future. Without a strategy in place, you may find your purchasing power diminishing over time – and in some cases, it could be necessary to make tough decisions regarding what, and what not, to purchase. Forgoing a […] The post Keeping Your Retirement Income on Pace With Future Inflation appeared first on James K. Ault – Sooner Retirement.

Retirement planning can pose a number of challenges. But even if you have successfully reached retirement, there are new hurdles that you may face… three in particular that can have devastating consequences if they are not planned for. With that in mind, addressing the 3 most pressing retirement concerns should be a key component of […] The post Addressing The 3 Most Pressing Retirement Concerns appeared first on James K. Ault – Sooner Retirement.

Until just a few decades ago, many retirees could count on retirement income from three primary sources. These included an employer-sponsored defined benefit pension plan, Social Security, and personal savings or investments. Today, however, many companies have done away with the traditional “pension” plan, replacing it with defined contribution plans such as the 401(k). But, while these […] The post 3 key steps to converting savings into a lifetime retirement income stream appeared first on James K. Ault – Sooner Retirement.