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So far Transmit ID has created 17 blog entries.

A New Beginning

While money can’t buy happiness, money does give you more freedom to do what you want to do in life. Whether that’s traveling the world, spending more time with your grandchildren, taking up a hobby, using your talents to support something you’re passionate about, or simply taking it easy, you need a nest egg to […]

January 9th, 2015|Retirement|

Why Not Spend It?

There are two main ways to tuck away money without seeing it – payroll deductions and automatic transfers.

Payroll Deductions

This is a wonderful method because the money NEVER gets to your bank account. It goes straight into an account that you direct it to. Here are the most common automatic deductions that I have run across:

Retirement […]

November 10th, 2014|Teachers|

Why everyone should plan for a retirement income designed to last a lifetime.

The NextPhase Plan helps meet your needs during retirement using pools of assets working for you over time.

Income for Life

You can no longer count on a withdrawal rate, of 4% to 6% of accumulated assets to provide a reliable income stream. This causes the entire plan to be contingent on market returns, something which has […]

November 5th, 2014|Retirement|

The Challenge Facing Retirees Today: Enough Money?

Knowing if you have enough money for retirement, and then planning to make that pool of money last, is the focus of the NextPhase Retirement Income Planning Process.

This proprietary time-segmented, inflation-adjusted strategy can help answer the key question: “Do I have enough retirement assets to last my lifetime?”

Check out NextPhase to learn more […]

November 5th, 2014|Retirement|

Three Major Retirement Planning Hazards to Avoid

When it comes to taking the next step in your life – the life of retirement, there are many things to consider, but don’t make these three planning mistakes.

Underestimating the cost of healthcare


Misjudging how long you and your spouse will live

As medical technology […]

November 5th, 2014|Retirement|

Plan for a Retirement Income to Last a Lifetime

The financial realities of our world are changing. More and more people need to rely on their own investments for income during retirement. Although many retirees have income streams from Social Security and/or pension plans, others rely on their 401(k), personal investments and savings plans.

These savings from which you expect to create a stream of […]

November 5th, 2014|Retirement|

Elder Parent Planning

Normally, your parents’ generation does not like to talk about their finances. There are, however, a few things that can and should be discussed with your parents and/or other elderly loved ones.

It isn’t vital at this stage to necessarily know the value of assets, as much as it is important to be able to track […]

November 5th, 2014|Retirement|

If I live to be 100, can I afford it?

Will the money I have saved be enough?

(Source: Putnam Investments Wealth 360 – Building a Successful Retirement.)

The length of retirement has changed as well. The chart below shows that when you’re 65, your chances of living into your 90s are better than when you were younger.

How long will you need income?

The average life expectancy in […]

November 5th, 2014|Retirement|

Death of a Family Member

“Retirement accounts are like egg shells, once you crack them the game is over.” So consult with a retirement or tax specialist who can help insure mistakes are not made. We suggest reading up on this topic especially if you are a beneficiary of elderly parents.

It is important to be knowledgeable in this area. […]

November 5th, 2014|Retirement|

Your Life’s Work

Estate planning has become an important tool in deciding how your life’s work will be viewed. Without it, the courts will decide who gets what. With the proper planning, you decide the individuals or charities that will receive your assets.

By enlisting the help of professionals in law, accounting, investments and insurance, you help ensure […]

January 9th, 2015|Retirement|