Absolute Retirement Solutions

AbsoluteRetirementSolutions

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Starting Early Can Make a Big Difference When Saving for Retirement

Most people can’t rely on Social Security benefits to be your only source of income in retirement. That means you’ll have to amass a savings of your own, which many do using a company-sponsored 401(k) or IRA account. According to a recent article by Fidelity, you should am to have roughly 10x your annual salary …

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Can I Make an Early Withdraw From My IRA or 401(k) Without Incurring a Penalty?

It’s not uncommon for people to experience circumstances under which they feel the need to withdraw from their retirement accounts before reaching their retirement age. Early withdrawal from an IRA or 401(k) account typically results in hefty penalties, which makes this a less than ideal option. Generally, if you take a distribution from a qualified …

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Rolling Over a 401(k) or IRA into an Annuity

Many retirees and people approaching retirement wonder what to do with the funds in their qualified retirement accounts. One option to consider is using part of those funds to purchase an annuity. Unlike most funds held within a qualified retirement plan, an annuity can turn a lump sum of money into a guaranteed income that …

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5 Reasons Why Life Insurance Is a Good Idea

Life insurance is something that very few people -if anyone-  can get excited about. Nobody wants to think about how their family will be affected by their death. The thought of choosing and paying for another complex insurance policy doesn’t sound appealing either, especially to the young and healthy. The truth is, life insurance has …

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How Can Young Professionals Start Planning For Retirement?

One of the biggest mistakes you can make when it comes to retirement is waiting too long to come up with a plan. Many people don’t start thinking about retirement until it’s quickly approaching, and it can be difficult to reach savings goals with short-term investing strategies. For many young professionals in their 20’s, possibly …

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What Happens to an Annuity when the Owner Dies?

Annuities have many benefits for retirees, the most important being that they are capable of providing a reliable source of outcome that can’t be outlived. When considering whether or not to purchase an annuity, many are concerned with what will happen to their annuity when they die. They want to ensure that the wealth they’ve …

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