Nobody likes to think about themselves or a loved one losing the capability to take care of themselves. Long term care expenses are rising and if you end up having to pay for care out of pocket, it could put a serious dent in your retirement nest egg. According to the Genworth Cost of Living …
Annuities are retirement saving products issued by insurance companies. They are designed to provide retirees with a guaranteed stream of income that they can’t outlive. Annuities provide protection against market volatility and the potential for conservative, tax-deferred growth. With many retirees citing their number one concern as outliving their money, it’s no wonder that annuities have become popular. However, …
Is there an optimal age or stage of life to purchase a life insurance policy? Life insurance policies are priced based on the buyer’s age. The older you are when you purchase the policy, the more expensive it will be. So, if premium amount were the only consideration, then the best age to purchase a …
Tax Strategies In Retirement Get the most out of your savings by using withdrawal strategies to help minimize tax impact Every dollar counts when you are no longer receiving a regular paycheck. Many retirees aren’t aware of strategies they could be using to help minimize the tax bite on their retirement account withdrawals. The money …
If you are wondering “what is an annuity?”, it’s likely that this tax-deferred accumulation vehicle has been recommended to you by a friend or financial professional. Annuities can be a complex subject because there are multiple types and varieties, including variable annuities, fixed annuities, fixed-indexed annuities, immediate annuities, and deferred annuities. In short, an annuity …
