Pros and Cons: Annuities in Retirement Savings Plans

Across the country, people are saving for retirement. It is true that many people lag behind when it comes to setting aside funds for the future, but despite this lag – where the typical couple aged 56-61 has only $17,00 set aside – there are many options available. Employer-sponsored plans, Individual Retirement Accounts (IRAs), and … Continue reading Pros and Cons: Annuities in Retirement Savings Plans

Roth IRA Benefits: Should I Open a Roth IRA?

The Roth Individual Retirement Account (IRA) has been a valuable retirement savings plan since its introduction in 1997. The Roth provides several tax advantages, including both tax-free withdrawals and tax-free growth if certain conditions are met. Retirement planners across the country recommend Roth IRAs as an important part of the retirement savings process. Still, despite … Continue reading Roth IRA Benefits: Should I Open a Roth IRA?

3 Tips for Successful Retirement Planning (For Your Father)

Planning for retirement can never come too early. Young people across the United States haven’t begun to set aside money for retirement purposes, thinking it is simply too soon to start worrying about something that will take place 30 or even 40 years from now. Unfortunately, there are many Americans who have put off retirement … Continue reading 3 Tips for Successful Retirement Planning (For Your Father)

Protecting Your IRAs From Rollover Penalties

Individual Retirement Accounts, or IRAs, remain some of the leading retirement savings instruments used by Americans in the workforce. IRAs can be opened by anyone, and by funding these accounts with the maximum annual contribution, it is possible to set aside a substantial amount of money for future use. IRAs come in many forms, including … Continue reading Protecting Your IRAs From Rollover Penalties

Making Required Minimum Distributions (RMDs) Work For You

Throughout our careers, we work to set aside money for retirement. Financial and retirement planners encourage their clients to have diverse retirement portfolios, choosing the right investment products and strategies to maximize savings in an effort to weather volatile market conditions. Creating a diverse retirement savings portfolio can include such products as stock and bond … Continue reading Making Required Minimum Distributions (RMDs) Work For You

5 Things You Must Know About Retirement

No matter where we are in our careers, thoughts often turn to retirement. From the young person just starting out in the employment journey to the seasoned veteran who is counting the days until finally being able to retire in peace, the concept of retirement is filled with challenges, misconceptions, and even some surprises. Retirement … Continue reading 5 Things You Must Know About Retirement

Retirement Preparedness Plans: Are You Ready?

Most people understand that the future is uncertain. In most of our lives, we realize that preparing for the future is simply part of our existence. Retirement planning is a critical part of that overall preparedness process; setting aside funds for future expenses is a smart way to ensure security long after we are no … Continue reading Retirement Preparedness Plans: Are You Ready?

Executive Order May Shape the Future of Retirement Savings

Big changes may be coming to the retirement planning process, thanks to an Executive Order signed by President Donald Trump in August 2018. The Order is designed to help Americans save for retirement by allowing them to keep their accumulated savings in tax-deferred accounts for a longer period of time, and by allowing smaller business … Continue reading Executive Order May Shape the Future of Retirement Savings

Can Fixed Indexed Annuities Benefit Retirement Savings?

There are many options when it comes to setting aside money for retirement. Individuals planning for life after they quit working can select numerous investment strategies such as IRAs, stock and bond investments, and employer-sponsored retirement plans. There are times, however, when all of these retirement options do not provide the steady income one needs … Continue reading Can Fixed Indexed Annuities Benefit Retirement Savings?

How Business Loan Insurance Plans Work (Part 2 of 2)

In the first part of our two-part series on business loan insurance solutions, we introduced the concept of these life insurance plans and how they can provide advantages to businesses of many types. We contrasted unincorporated versus corporate business interests, went over the financial hardships that may be experienced in a business owner’s untimely death, … Continue reading How Business Loan Insurance Plans Work (Part 2 of 2)