Consider options before tapping 401(k) account

The Bakersfield Californian January 25, 2013 As the Boomer generation ages, financial planners are concerned that people are not saving enough money to support themselves in retirement. This concern escalated with recent reports that Boomers are digging their financial hole deeper by borrowing against their meager nest eggs. Monitoring agencies report that more than one … Read more

Should you trade retirement income for ‘lump sum?’

The Bakersfield Californian January 15, 2013 A 60-year-old Bakersfield woman, who I will call June, has been working on a financial plan that will allow her to retire in five years. Before seeking my advice last year, she bought a variable annuity to replace the “defined benefit pension” plan that her long-term employer had ended … Read more