Let me share something with you that’s been bothering me for many years. I’ve been working in the financial services and insurance industry for 21 years, but this experience I have goes back far beyond that. Back to when I was in my 30s. This message is intended for men, but ladies, I hope you [...]
Last Friday (August 23, 2019), a very close friend of mine passed away. I wanted share the story with you. I have changed their names, of course, to protect their privacy. Recently, a very close friend of mine passed away and I wanted to share the story with you. I have changed their names, [...]
Two of the benefits of Fixed Indexed Annuities I talk about daily in my practice are 1) their ability to protect retirement accounts from market volatility, and 2) protection from ever running out of income during retirement. Of course, this is retirement asset protection. But something that has been lost over the past several [...]
My broker says he can outperform an annuity, can he? I would like to know how! Quite often when annuity agents present an annuity strategy to potential clients, the client will take the annuity information and present it to their broker, who is managing their money with their brokerage firm, in order to get [...]
There are rules which can be followed to allow pre-mature access to your 401(k) account. A 401(k) was created by congress to allow workers to accumulate funds for retirement on a pre-tax basis. Eventually he taxes will need to be paid on your 401(k) retirement plan. Accessing the funds should be done with planning and with the goal of using them for retirement income. Life being full of uncertainty, the funds in your 401(k) can be assessed for other reasons; with that access can come unwanted or excessive taxation and penalty. Make sure you fully understand your options before taking action.
The IRS restricts specific investment options for an IRA. These restrictions do not allow the investment in collectibles, antiques and other assets. Here is a list: If an IRA invests in collectibles, the amount invested is considered distributed in the year invested. The account owner may have to pay a 10% additional tax on early [...]
Protection against loss and lifetime income! How can those guys do that? Of all the many wonderful features of Fixed Indexed Annuities (FIAs), perhaps the two most significant features are downside protection of our retirement assets from market volatility along with guaranteed lifetime income. Yes, even if you live to be 100 or more and [...]