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So far Staff Author has created 35 blog entries.

How To Keep From Going Crazy When The Pandemic Is Over

If you're like many Americans, the pandemic has altered at least some of your financial plans. You now find yourself in an economy teetering on the precipice of a significant downturn. You might be wondering what, if anything, you can do to strengthen your financial position and reclaim a tiny bit of "normal." Get Your [...]

By |2020-06-12T14:25:08+00:00June 11th, 2020|Retirement Planning|

But My Broker Says

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 [...]

By |2020-04-13T19:23:45+00:00July 24th, 2019|Annuities|

Annuity Lies Rebutted

Watch out for the Fake News and those who spread it   I know that many investors are not big annuity fans, but I also know that most annuity “haters” have been exposed to “fake news,” mostly via false advertising from stock guys who’ve lost business to modern annuities. I never recommend an annuity for [...]

By |2020-04-13T18:35:10+00:00May 23rd, 2019|Annuities|

Avoid Penalties By Learning These Important Early 401(k) Withdrawal Rules

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.

By |2020-04-12T23:30:42+00:00April 25th, 2019|401(k) Rollovers|

What is a Prohibited Investment in an IRA?

The IRS restricts specific investment options for an IRA. These restrictions do not allow 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 distributions. [...]

By |2020-04-15T01:18:37+00:00April 17th, 2019|Retirement Planning|

Downside Protection And Guaranteed Lifetime Income

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 [...]

By |2020-04-14T18:23:38+00:00March 25th, 2019|Annuities|