Offering a retirement plan is often necessary for a business to attract and retain the best employees. There are seven major types of retirement plans utilized by companies: Defined Benefit Plans Defined Contribution Plans Profit Sharing Plans 401(k) Plans Roth 401(k) Option Simplified Employee Pension Plans SIMPLE Retirement Plans Determining which type is best for … Continue reading Does Your Business Offer One of These Retirement Plans?
Saving for retirement is one of those aspects that too many U.S. workers overlook. No matter how much one earns in a monthly or annual salary, none of that matters once retirement age is reached. On average, workers save far less for retirement than financial experts recommend, and this can lead to an unstable financial … Continue reading Protecting Retirement Assets: An IRA Rollover Review
When planning for retirement, an annuity investment may be the ideal solution for anyone who wants to plan for a steady stream of income until their death. With many people living well into their 90s or even 100s, the chances of outliving retirement savings are a very real concern for many retirees. Annuities solve that … Continue reading Choosing the Best Annuity for Your Retirement
As we plan for our retirements, there are many financial instruments at our disposal. In addition to savings plans, employer‐matched retirement savings programs, and Individual Retirement Accounts (IRAs), annuities are a great option. There are several types of annuities; here, we’ll discuss indexed annuities and the factors influencing them. View the full presentation here. What … Continue reading Lesson in Indexed Annuities Part 1
Estate planning begins with a will. Wills are a way for those who have passed on to have their voice heard and their final wishes carried out. Does everyone need a will? Yes. Almost every individual, regardless of their net worth, needs a will. In addition, having a will means that a person decides who … Continue reading The Importance of Having a Will
In a perfect world, those planning to retire would have adequate money saved up for any and all future expenses. Retirement savings is an important part of life, and failing to fund the future is a serious misstep. In the United States, the average retirement account is far less than it should be for a … Continue reading A Retirement Safety Net for Finances
Running out of money during retirement is a common fear for those close to retirement. Finding the perfect income amount during retirement is different for every individual. By answering some questions pertaining to income and expenses, the difficult task of income planning can be made simpler. Some questions that a person thinking about retirement, whether … Continue reading Questions to Ask When Deciding Income Options in Retirement