Suppose you don’t have enough saved for retirement. Research shows that the average American has $95,776 saved for retirement, and 1 in 3 Americans have no retirement savings. If this sounds like your situation, you might consider several options, including working during retirement, downsizing your home, or delaying your Social Security benefits. You should also […]
Hurry: Lock in the Interest Before It Goes Away “The end of the Federal Reserve’s campaign to raise interest rates is approaching, according to Morgan Stanley strategist Michael Wilson.” Bill Broich Example of what is currently available: 5-year guaranteed interest of 5.2% or higher 3- year Guaranteed interest of 4.5% or higher (subject to change and […]
A terrific article in the Wall Street Journal based on research by economist Barry Bosworth at the Brookings Institution crunched the numbers and found that the richer you are, the longer you’ll live. And it’s a gap that is widening, particularly among women. Other than likelihood of access to better health care, what is it the rich have that poorer folks don’t have? Money in and of itself may not be the answer; the answer is less worry and having less stress. If you have enough money every month to live as you wish then you have less stress.
The origin of annuities can be traced to the founding of the United States of America. The first recorded use of annuities was by the Presbyterian Church who used annuity concepts to provide for widows and retired ministers. Benjamin Franklin used annuities to provide for funds over a long period of time for his wife and for the cities of Boston and Philadelphia.
What if there was a way for you to bypass those taxes and move investment real estate without tax exposure? A Section 1031 Real Estate Exchange can do just that. In order to understand what Section 1031 is, we first explore the term “exchange.” In real estate, an exchange refers to the ability to sell (exchange) property, for property. If you are prepared to put in the effort you may find that the savings your investment property accumulates from Section 1031 are well worth your time and attention.
Profitable assets which offer fixed term annuities are a popular vehicle for investments. Faced with a volatile economy, one needs to think not only about securing your future with investments, but also investing in such a way that the investments themselves are secure.
Investment choices made today can dramatically shape your financial outlook in the future.
Be sure to educate yourself in all aspects and options of your 401k plan, and meet with your personal financial planner on a regular basis to determine the best course of investment action for you.
The financial industry is re-training their customer base to accept robo-advisors as actual customer service. What is the cost to consumers?
Be cautious of fees subtracted from your retirement funds, you could be the loser at retirement time. With the recent volatility in the stock markets worldwide, concern over the future of many people’s retirement accounts is at the forefront. Volatility, as defined in the stock market, means to many of us that sleeping well at […]
Annuities are designed as long term vehicles to be used later in life — at least until age 59 ½. To make annuity owners focus on their use later in life, the IRS imposes a 10% additional tax for any annuity accessed before that age minimum of 59 ½. The tax is in addition to any income taxes which may also be due on a pre-59 ½ distributions.
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