Retirement Income for people who don’t have a big pension

It used to be back in the “Good Ol Days” that you worked for a company for 40 years, then you retired. They threw you a party,  you got some cake, a gold watch and … A PENSION. Talk about security. Every month you walk out to the mailbox and there’s a check. Unfortunately, that’s […]

What’s a Black Swan event and why should you care?


What’s a Black Swan event? A long time ago, it was just assumed that all swans were white because every recorded swan had white feathers. So black swans were presumed not to exist at all. If even just one black swan were ever sighted it would undo the whole logic of this thought. The phrase […]

Top cheat meals in Chicagoland, best hot dogs in America, Tim Ferriss, Slow Carb diet, BBQ burnt ends, Pastrami and other random food thoughts from a 40 something foodie hiding in a retirement income planners body.


I thought I’d mix in a fun blog post about another thing I love. Great food. I really like the diet that I have been on for the past few months, the Slow Carb Diet. My Dad is on it too and the results have been terrific so far. Slow Carb Diet The guy who […]

How Do You Know If You Have Enough Money To Retire?

This a great question. A Common question. A question that keeps people up at night. And, I’d like to rephrase it to……. “Will your Social Security or Pension be enough to pay all your bills during retirement, OR will you need more income than that?”   If Social Security or Pension are enough, then you […]

What’s the best way to get income from your IRA or 401k after you retire?

This is kind of like asking “Who makes the best pizza in Chicago?”, Ask 5 people and you are bound to get 5 different opinions. So let’s look at 3 common ways that people get income from their retirement accounts. We’ll also look at the Pros and Cons of each, and then you can decide. […]

This really disgusts me ………


I DO NOT like the fact that banks have Investment People. I DO NOT like the fact that the bank tellers hound you to go talk to their investment people. It’s not right. It’s not even moral. Banks are supposed to be REALLY, REALLY safe places to keep your money. Not a place for Grandma […]

What’s a Hybrid Annuity and where do they fit?

Click the Play Button to watch the video You may be looking for solutions to plug up some holes that may be causing you stress or worry with your retirement plan. These are the 3 core problems that you may be grappling with as you’re setting up your retirement plan for the next 20-30 years […]

The transition from accumulation to distribution with IRA’s and 401k’s

Transitioning from “Growth & Accumulation” to “Preservation & Distribution” Common Question: “Do I need to change my investment philosophy when I start getting closer to retirement?” Answer: In our opinion, that depends on what your income situation will be, after you stop working. Let’s dive into this one a little bit and talk about it […]

Can you move your 401k while still working? In service distribution

QUESTION: Is it possible to roll funds from your current 401k plan into a self directed IRA, BEFORE you retire? ANSWER: Usually Yes (If you are 59 1/2 or older) If the options in your 401k aren’t so great, move your money elsewhere. The process is call an in service distribution or in service withdrawal. […]

Interest Rate Update (8-29-13)

Do you have LOW earning money at the bank and it’s driving you crazy? Earn more money with a CD type fixed annuity. Do you have any CD’s coming due? Have you looked at what the current renewal rates are? (Try not to cry) Here’s what a couple local banks are paying right now. According […]