Fantasy Football and Retirement

Fantasy Football & Retirement It’s estimated that 30 million Americans enjoy playing fantasy football each year.  But some may not realize that managing a fantasy team draws parallels to retirement saving.  In this episode of Countdown to Retirement, Gregg MacInnis explains the similarities, inclu…

Why Timing of Income is Important When It Comes to Taxes in Retirement

Why Timing of Income is Important When It Comes to Taxes in Retirement NFL rookies are getting sizeable signing bonuses that are taxed heavily without spacing out the payments.  That’s just one example of how the timing of various income streams in retirement can make a big difference in the amoun…

Is Your Retirement Prepared for Long-Term Care?

Is Your Retirement Prepared for Long-Term Care? It’s estimated about 70% of Americans ages 65 and older will need some type of long-term care during their lifetime.  The financial cost can be significant for families, yet most people don’t plan for it, thinking it won’t happen to them.  In this ep…

How to Protect Yourself if the Social Security ‘Titanic’ Heads Toward the Iceberg

The latest numbers show that if Congress fails to act, Social Security benefits could face up to a 25% cut in 2035.  So, while the government’s Social Security Titanic heads for an iceberg, what can you do to fill a possible big income gap?  In this episode of Countdown to Retirement, Gregg MacInni…

GMAC Family Financial 08062024_Worrying

Don’t Be a Retirement Worry Wart! There’s plenty going on in the world right now to make us worry.  Politics, market volatility, inflation, interest rates and of course, running out of money in retirement.  Each “worry” requires a different response.  In this episode of Countdown to Retirement, Gr…

Is the 4% Withdrawal Rule in Retirement Still Relevant?

Is the 4% Withdrawal Rule in Retirement Still Relevant? The so-called “4% Rule” on how much to take out of retirement accounts has been around for decades.  But does it still hold true in this day and age of inflation, market volatility and life longevity uncertainty?  In this episode of Countdown…

Taking the Emotion Out of a Retirement Portfolio That’s Invested in the Stock Market

Taking the Emotion Out of a Retirement Portfolio That’s Invested in the Stock Market Do-it-yourself investing can be rewarding.  But sooner or later, it can fall prey to market volatility, speculation and emotion.  At GMac Family Financial, Greg MacInnis and his team aim to take out those factors …

What’s This Thing Called an ‘RMD?’ How Do I Keep More of My Retirement Money?

What’s This Thing Called an ‘RMD?’  How Do I Keep More of My Retirement Money? Many who are just starting out in their retirement planning are shocked to discover that – beginning in their 70s – they will have to fork over a portion of their savings in pretax accounts to Uncle Sam.  It’s because t…

A Social Security Hurricane is Coming – What Can I Do Before Retirement?

A Social Security Hurricane is Coming – What Can I Do Before Retirement? It’s a safe bet that neither presidential candidate this year will address the ‘Social Security Problem.’  Its trust fund is projected to go dry as early as 2035.  If Congress does nothing to fix it, benefits could be slashed…

How Do You Create Your Own ‘Personal Pension’ in Retirement?

How Do You Create Your Own ‘Personal Pension’ in Retirement? Pensions used to feed retirement incomes with a guaranteed monthly paycheck for life.  While many government employees still have pensions, they have nearly vanished for the rest of us.  Yet, retirement savers are expressing a desire to …