Financial Reports
Make Better-Informed Decisions About Your Financial Future
At Retirement Income Source®, we strive to keep you informed about the issues that could impact your quality of life in retirement. Through financial education, we believe you can make better, more well-informed decisions about your financial future.
By reading our financial reports, you’ll gain access to a wealth of information that can help guide you toward the retirement you’ve always envisioned. Whether you want to learn how to reduce your exposure to stock market risk or how fixed-income investments can help you generate reliable income for retirement, our financial reports are a great resource.
7 Risks to Your Retirement
Most of us look forward to retirement, imagining that we’ll get to relax and enjoy activities we haven’t had time...
Most of us look forward to retirement, imagining that we’ll get to relax and enjoy activities we haven’t had time for such as traveling, reading, and exercising. However, as pre-retirees...
10 Signs You’re Working with a True Retirement Income Specialist
Not all financial advisors are created equal. Many say they specialize in retirement planning, but only a select few have...
Not all financial advisors are created equal. Many say they specialize in retirement planning, but only a select few have the tools or training required to make them a true...
Annuities Income for Life
You try to protect your car, home, and your health with insurance, but are you trying to protect your retirement...
You try to protect your car, home, and your health with insurance, but are you trying to protect your retirement income? With the potential for tax-deferred growth and a guaranteed...
Are Your Allocations Right for RMDs?
There is an ideal order in which to pull from retirement accounts when taking IRS Required Minimum Distributions (RMD). The...
There is an ideal order in which to pull from retirement accounts when taking IRS Required Minimum Distributions (RMD). The goals, which often go unheeded, are to help minimize taxes,...
Are Your Allocations Right for Social Security?
Nothing exists in a vacuum, meaning that even if you’ve determined the best time and method of taking your Social...
Nothing exists in a vacuum, meaning that even if you’ve determined the best time and method of taking your Social Security benefits based on your age, objectives, and lifelong earnings,...
Bonds vs Bond Mutual Funds
Since many of today’s financial advisors got into the business in the 1980s and 90s, during the best stock market...
Since many of today’s financial advisors got into the business in the 1980s and 90s, during the best stock market in U.S. history, most have become stock market specialists. Frankly,...
Building Blocks of Retirement
Traditionally, the key to a financially solid retirement plan has been to save early, ideally from the day you start...
Traditionally, the key to a financially solid retirement plan has been to save early, ideally from the day you start working. It’s always been good advice to live by, but...
Don't Let Long Term Care Be Your Financial Blind Spot
It’s no secret that Americans are living longer than ever. While that’s great news, it also creates many personal and...
It’s no secret that Americans are living longer than ever. While that’s great news, it also creates many personal and social challenges. According to the Centers for Disease Control, for...
Estate Planning Myths
Dispelling myths, rumors and misinformation is an ongoing battle for financial advisors. Estate planning is a topic especially prone to...
Dispelling myths, rumors and misinformation is an ongoing battle for financial advisors. Estate planning is a topic especially prone to myths and misinformation. In this report, I’m going to dispel...
Guide to Aging
Working Americans at or approaching retirement age today face many unprecedented challenges unique to their generation. That’s why it’s important...
Working Americans at or approaching retirement age today face many unprecedented challenges unique to their generation. That’s why it’s important to have a retirement plan that addresses these challenges and...
Hard Lessons of the Stock Market
If you’re like most people, you believe there’s a great deal of truth in the adage, “history tends to repeat...
If you’re like most people, you believe there’s a great deal of truth in the adage, “history tends to repeat itself more often than not.” That’s an important adage to...
How Much Do I Need to Retire?
One of the first things people do once they get serious about planning and saving for retirement is to look...
One of the first things people do once they get serious about planning and saving for retirement is to look at a retirement calculator to find out how much they...
How to Give and Receive Charitable Contributions
Most people are aware that charitable contributions to qualified recipients are tax-deductible, provided they are made by December 31 of...
Most people are aware that charitable contributions to qualified recipients are tax-deductible, provided they are made by December 31 of the tax year for which you are filing. It’s a...
Importance of Financial Defense
The great Alabama coach “Bear” Bryant once said, “Defense wins championships,” and you can bet that almost every great coach...
The great Alabama coach “Bear” Bryant once said, “Defense wins championships,” and you can bet that almost every great coach in nearly every sport has shared that same philosophy. Just...
Introduction to the Universe of Income-Generating Financial Strategies
Aggressive instruments are those primarily invested in for growth. As the chart shows, they include things such as common stocks,...
Aggressive instruments are those primarily invested in for growth. As the chart shows, they include things such as common stocks, stock mutual funds, commodities, Business Development Companies (BDCs), and speculative...
Investing for Income in the Stock Market
When people think of Investing for Income, the first thing that might come to mind is investing in non-stock market...
When people think of Investing for Income, the first thing that might come to mind is investing in non-stock market investments, like bonds. Yes, bonds and bond-like instruments are an...
Negative Spin on Annuities
Everyone understands that the mass media has changed drastically. Not so long ago, we relied on daily newspapers, TV, and...
Everyone understands that the mass media has changed drastically. Not so long ago, we relied on daily newspapers, TV, and radio for all the information we needed to help us...
Passive Income for Retirement
Passive income has become a hot topic and for good reason. Who wouldn’t like to generate income without putting in...
Passive income has become a hot topic and for good reason. Who wouldn’t like to generate income without putting in a hard day’s work? From teenagers seeking recurring revenue from...
Proactive Tax Saving Strategies
It seems that tax laws and regulations are constantly changing. That’s why it’s always good to meet with your CPA...
It seems that tax laws and regulations are constantly changing. That’s why it’s always good to meet with your CPA or financial advisor on an annual basis to talk about...
Protect Yourself From the Dangers of Inflation
After more than a decade of hovering at normal-to-below-average levels, inflation became a hot topic again in 2021 when it...
After more than a decade of hovering at normal-to-below-average levels, inflation became a hot topic again in 2021 when it rose to over 4%. By March 2022, it had hit...
Protecting Your Finances in the Age of Cybercrime
Few inventions in recorded history have revolutionized the way we live like the Internet. It has changed the way we...
Few inventions in recorded history have revolutionized the way we live like the Internet. It has changed the way we communicate and has made thousands of previously slow, complex processes...
Retirement Risk Report
In survey after survey, the top financial fears among older Americans are almost always the same. They include things like:...
In survey after survey, the top financial fears among older Americans are almost always the same. They include things like: Not having saved enough for retirement. Having high medical bills....
Secure ACT 2.0
The $1.7 trillion budget bill signed by President Biden on Dec. 29, 2022, included the bipartisan SECURE Act 2.0. The...
The $1.7 trillion budget bill signed by President Biden on Dec. 29, 2022, included the bipartisan SECURE Act 2.0. The legislation expands on many of the provisions in the original...
Ten Warning Signs of Working with the Wrong Financial Advisor
Are you working with the wrong financial advisor? Is he still the advisor best qualified to help you meet your...
Are you working with the wrong financial advisor? Is he still the advisor best qualified to help you meet your retirement goals—and to do so with confidence and peace of...
The Case For Fixed Income
We hear the term “renewable resource” used often when referring to energy — solar, wind, and even tidal energy. Most...
We hear the term “renewable resource” used often when referring to energy — solar, wind, and even tidal energy. Most agree that the practical use of renewable energy is essential...
The Income Generation Report
Starting about five years ago I began using the term “Income Generation” to describe the demographic encompassing my clients, prospective...
Starting about five years ago I began using the term “Income Generation” to describe the demographic encompassing my clients, prospective clients, and myself. To put it simply, the term refers...
TR=I+G Guide
There are many misconceptions about investing. One is that the terms ‘growth’ and ‘return’ are synonymous. They are not. Total...
There are many misconceptions about investing. One is that the terms ‘growth’ and ‘return’ are synonymous. They are not. Total return is a sum of two things: income plus growth,...
Understanding and Maximizing Your Social Security Benefits
Before you retire, you should know what all your various sources of income will be, and how much you can...
Before you retire, you should know what all your various sources of income will be, and how much you can expect to receive from each. Obviously, Social Security benefits will...
Understanding Price to Earnings Ratios
Have you ever bought a pair of pants for your child or grandchild that were too big? It’s a common...
Have you ever bought a pair of pants for your child or grandchild that were too big? It’s a common occurrence, and when it happens, you have two options: 1)...
Understanding RMDs
The idea behind Required Minimum Distributions, or RMDs, is that the government wants to give us a tax incentive to...
The idea behind Required Minimum Distributions, or RMDs, is that the government wants to give us a tax incentive to save for retirement, but they also want to make sure...
Why Investing in Mutual Funds Could Jeopardize Your Retirement
Unfortunately, since many financial advisors working today entered the business in the 1980s and 90s, during the best stock market...
Unfortunately, since many financial advisors working today entered the business in the 1980s and 90s, during the best stock market in US history, they became stock market specialists, favoring growth...
Women, Money, & Retirement - Separating Fact From Fiction
The 100th anniversary of women’s right to vote in the U.S. occurred in 2020. During the last century, women have...
The 100th anniversary of women’s right to vote in the U.S. occurred in 2020. During the last century, women have made great strides in educational achievement and career opportunities. Despite...
Year End Financial Planning Checklist
Americans are notorious for overspending when the holiday season rolls around. While that may be good for the economy in...
Americans are notorious for overspending when the holiday season rolls around. While that may be good for the economy in the short term, it often ends up being bad for...