1 08, 2021

Max Out Your 401(k)

By |2021-07-23T19:31:06+00:00August 1st, 2021|401(k) Rollovers, Retirement Planning|

When should you, and when should you NOT max out your 401k plan? 401(k)s differ from IRA’s in one significant way: 401(k)s allow current workers under 50 to put away up to $18,000 a year. For those over 50, a special “catch-up “provision will let them put in an additional $6,000, raising that threshold to [...]

1 08, 2021

Should An Annuity Be A Part of Your Retirement Portfolio?

By |2021-08-02T17:50:48+00:00August 1st, 2021|Annuities|

10,000 a day join the ranks of retirees Since 2014 the number of Americans retiring has increased to 4 million annually, more than 10,000 a day. From 2014 to 2034, about 80 million seniors are expected to retire, which will strain Social Security and Medicare systems with the potential to lead to increased reductions in [...]

1 08, 2021

Business Succession

By |2021-07-30T20:55:56+00:00August 1st, 2021|Estate Planning, General Business|

According to California-based exit planner Bill Black, "85% of small businesses have done no planning, leaving their families and employees at risk." In addition, survey after survey indicates that Baby Boomer and Genx business owners have done little to prepare for the day when they will no longer work in their businesses. Unfortunately, exiting a [...]

30 07, 2021

Market Corrections Are Inevitable. What Can You Do To Protect Your Wealth When They Happen?

By |2021-08-02T17:15:39+00:00July 30th, 2021|Financial Planning|

"Don't let good news about the post-pandemic economic recovery lull you into complacency. Long-term thinking is necessary to protect your wealth against downturns."- Brian Swerdlow Ups and downs in an economy are frequent and inevitable. Market corrections often seem to come out of the blue. Still, they are often presaged by a glut of overvalued [...]

29 07, 2021

Compound Interest – The 8th Wonder Of The World!

By |2021-07-29T19:21:58+00:00July 29th, 2021|Retirement Planning|

Albert Einstein is presumed to have said, “Compound interest is the eighth wonder of the world.” I read that in 1626, Native Americans sold what is known as Manhattan in New York City to white settlers for what equated to $24. Now fast forward, today Manhattan’s land value is appraised at $23.4 billion. Today, many [...]

29 07, 2021

Are US Treasuries A Smart Bet For You?

By |2021-07-20T20:14:17+00:00July 29th, 2021|Investing|

US Treasuries are the safest possible place to invest your money. There is nothing on planet earth safer. Treasury bonds are issued and backed by the federal government, the full faith and credit of the United States Government. The advantage is safety; the disadvantage is the yield you may earn can be lower than other investment options. The question to ask is simple, is the lesser yield still sufficient for your needs?

28 07, 2021

The 3 Biggest Concerns About Variable Annuities

By |2021-07-27T21:03:21+00:00July 28th, 2021|Annuities|

Variable annuities and fixed annuities are very different creatures. Fixed annuities earn a set rate of interest for a specific time period. Variable annuities invest your funds in separate accounts (sub accounts) that invest in securities such as stocks and bonds, etc. Each separate account will offer specific investment objectives, you select the accounts that will best help you reach your goal. Here are specific points to understand before investing in variable annuities.

28 07, 2021

Will Your Government Or Private Pension Take You To Age 100?

By |2021-07-27T21:23:25+00:00July 28th, 2021|Annuities, Financial Planning, Retirement Planning|

“Living to 100, or longer, is no longer a rare occurrence.  Will your current retirement plan accommodate thirty or forty years without a paycheck?”- Angie Politarhos If your lifespan significantly exceeds your life expectancy, your wealth is exposed to something known as “longevity risk.” While modern income and retirement planning technology has improved over the [...]