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5 Tips to Reduce the Tax-Impact of Retirement Account Withdrawals

Many retirees have multiple streams of income from different accounts. How and when you decide to start taking withdrawals from these accounts impacts what you pay in taxes. The rules can be a bit complicated and it’s not uncommon for retirees to incur penalty fees for making mistakes. These are some strategies for avoiding penalties …

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Some Pros and Cons of Fixed Indexed Annuities (FIAs)

Many people are concerned about not getting a regular paycheck anymore once they retire. They are also concerned that a market downturn could wipe out a significant portion of their nest egg. Some insurance companies offer contracts called annuities, which allow a consumer to create a consistent stream of income in retirement. Some types of …

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5 Common Retirement Mistakes That You Should Avoid

Retirement is supposed to be a time to enjoy your family and pursue the passions that you couldn’t in your working years. Unfortunately, many retirees struggle financially because they either failed to plan ahead or aren’t using efficient strategies to minimize taxes and maximize benefits. Retirement planning is incredibly complex and involves a variety of …

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Are Fixed-Indexed Annuities Protected?

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 …

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