What Method Should You Choose to Pay Off Your Debt? “10 percent of the people in this world use debt to get richer. 90% use it to get poorer.” -Warren Buffett Getting rid of a debt at any time is a great idea. After all, carrying a heavy debt is known to cause various psychological […]
“Happily ever after” is typically the ending of a fairy tale. But it’s more than that. It’s also the way we want to retire. What does it take to have a long and happy retirement? This has been the subject of study by Ph.D.s in countries around the world. Before I go on, how would […]
A few years ago, the Secure Retirement Institute developed a model designed to drive home an important but often overlooked fact: Inflation is a real danger to those nearing or in retirement, perhaps the greatest threat of all. The Secure Retirement Model showed what inflation could do to the average Social Security benefit during a […]
With current bankruptcy laws making it more difficult to qualify for debt relief on still available avenue could be the use of an annuity. In some states the income from an annuity payment is protected from creditors. Each state is different and many states have had these laws come under fire because of lawsuits. It is important to always ask for legal and tax advice when considering using an annuity as a protected asset.
“Stay committed to your decisions, but flexible in your approach.”– Tony Robbins One of the most significant pieces of financial legislation enacted in the last 50 years was The Employee Retirement Income Security Act of 1974, better known as “ERISA.” ERISA directly responded to the realization that most Americans did not have enough saved for […]
Reducing estate tax liability is getting more complicated. A very significant thing has recently happened regarding estate taxes. The significance of this change is far-reaching; the agent that grasps this will be far ahead of the competition. Not only will this rule change make a huge difference in how estates are handled regarding estate tax […]
Picking the right color to paint your money may seem like a frivolous task, but when it comes to investing, the wrong color can mean losing out on potential profits. The sequence of returns risk is one of the lesser-known risks investors face, but it can be just as damaging as market volatility or inflation. […]
Simply put, market risk means that you can lose money from an investment you make in the stock market should the stock market go down. For example, if you look at the years 2000-2010, the S&P 500 Index was down around 24%. So, if this was your investment of choice over those years, you would’ve […]
Break down the types of insurance. It is essential to carefully consider your life insurance needs before selecting a policy. Life insurance can provide financial security for your loved ones in the event of your death and can be an essential part of your overall financial planning. There are several types of life insurance policies […]
Costs and the need for long-term care are rising. According to the US Department of Health and Human Services, by 2030, it is estimated that about 14.4 million Americans will require some form of long-term care service. The average cost of a nursing home stay can range from $7500 to $10,000 per month, while in-home […]
Snowball Or Avalanche
/in Investing, Retirement Planning/by Tim Davis, RICP®, CLU®, CEBSWhat Method Should You Choose to Pay Off Your Debt? “10 percent of the people in this world use debt to get richer. 90% use it to get poorer.” -Warren Buffett Getting rid of a debt at any time is a great idea. After all, carrying a heavy debt is known to cause various psychological […]
And They Lived Happily Ever After
/in Annuities, Bonds, Estate Planning, Investing, Retirement Planning, Social Security/by Donna McElroy“Happily ever after” is typically the ending of a fairy tale. But it’s more than that. It’s also the way we want to retire. What does it take to have a long and happy retirement? This has been the subject of study by Ph.D.s in countries around the world. Before I go on, how would […]
Will Inflation Kill Your Retirement
/in Retirement Planning/by Roy SnarrA few years ago, the Secure Retirement Institute developed a model designed to drive home an important but often overlooked fact: Inflation is a real danger to those nearing or in retirement, perhaps the greatest threat of all. The Secure Retirement Model showed what inflation could do to the average Social Security benefit during a […]
Creditor Protection: The Annuity Option
/in Annuities/by Library of Financial ArticlesWith current bankruptcy laws making it more difficult to qualify for debt relief on still available avenue could be the use of an annuity. In some states the income from an annuity payment is protected from creditors. Each state is different and many states have had these laws come under fire because of lawsuits. It is important to always ask for legal and tax advice when considering using an annuity as a protected asset.
What is a Self-Directed IRA?
/in Retirement Planning/by Mike Kaminski“Stay committed to your decisions, but flexible in your approach.”– Tony Robbins One of the most significant pieces of financial legislation enacted in the last 50 years was The Employee Retirement Income Security Act of 1974, better known as “ERISA.” ERISA directly responded to the realization that most Americans did not have enough saved for […]
Big Changes Coming To Estate Tax Planning
/in Estate Planning/by Library of Financial ArticlesReducing estate tax liability is getting more complicated. A very significant thing has recently happened regarding estate taxes. The significance of this change is far-reaching; the agent that grasps this will be far ahead of the competition. Not only will this rule change make a huge difference in how estates are handled regarding estate tax […]
Sequence of Returns Risk: What Color is Your Portfolio?
/in Retirement Planning/by Eric HutterPicking the right color to paint your money may seem like a frivolous task, but when it comes to investing, the wrong color can mean losing out on potential profits. The sequence of returns risk is one of the lesser-known risks investors face, but it can be just as damaging as market volatility or inflation. […]
Managing Market Risk In Retirement
/in Investing, Retirement Planning/by Paul RitchieSimply put, market risk means that you can lose money from an investment you make in the stock market should the stock market go down. For example, if you look at the years 2000-2010, the S&P 500 Index was down around 24%. So, if this was your investment of choice over those years, you would’ve […]
Selecting The Right Life Insurance Policy For You
/in Retirement Planning/by Bill BroichBreak down the types of insurance. It is essential to carefully consider your life insurance needs before selecting a policy. Life insurance can provide financial security for your loved ones in the event of your death and can be an essential part of your overall financial planning. There are several types of life insurance policies […]
Why You Need A Plan For Long-Term Care
/in Retirement Planning/by Gary SzewczykCosts and the need for long-term care are rising. According to the US Department of Health and Human Services, by 2030, it is estimated that about 14.4 million Americans will require some form of long-term care service. The average cost of a nursing home stay can range from $7500 to $10,000 per month, while in-home […]