Retirement planning is figuring out how much money you will need to have saved up when you retire so that you can live comfortably. It involves estimating how long you will live and how much money you will need each year to cover your expenses.
Learn more about retirement planning from our financial advisors below.
The Importance of Finding Someone Experienced with Annuities An annuity is a contract between an individual and an insurance company that may provide a steady income stream in exchange for a lump sum payment or a series of payments over time. Annuities may be an effective way to save for retirement or provide guaranteed income […]
Why Is It Important To Retirement Planning? Safe money refers to low-risk investments that provide a guaranteed return on investment. Insurance companies typically offer these investments and include products such as fixed annuities, life insurance policies, and other fixed-income investments. Safe money investments are considered low-risk because they provide a guaranteed return on investment and […]
Financial planning is a complex process that requires expertise in several areas, such as wealth management, tax logic, asset location, and Social Security optimization. Many people turn to financial planners to help them navigate these areas and create a comprehensive financial plan that aligns with their goals and values. However, not all financial planners are […]
Retirement planning is often centered around financial aspects such as savings, investments, and pensions. However, there is another essential element that is equally important for retirement planning – your overall health. Many people focus so much on their finances that they forget to care for their health, which can significantly impact their retirement. This article […]
Why not use annuity products to insure your retirement plan? It is much easier (and less expensive) than you think.
Risk is Exposure to Loss Retirement planning is a crucial aspect of personal finance, and it involves a lot of decision-making that affects an individual’s life after they retire. Many people believe that retirement planning is merely a matter of saving a significant sum of money to cover their retirement expenses. However, the reality is […]
The SECURE Act 2.0, enacted at the end of 2022, significantly changes the rules governing required minimum distributions (RMDs) for owners of traditional IRAs and Roth 401(k) accounts. Here’s what you need to know. First, the age at which owners of traditional IRAs must start taking RMDs is increasing. The original SECURE Act, enacted in […]
Creating an exit strategy should be a top priority when planning for retirement. An exit strategy is simply a plan of action to ensure that you can continue to sustain your lifestyle long after entering the distribution phase of retirement. This is when you start withdrawing and using your hard-earned retirement funds—but it’s important not […]
Retirement plans play a crucial role in ensuring long-term financial security for many individuals. Understanding these plans can be tricky, especially with the myriad of options available. Two common employer-sponsored retirement plans are the 401(k) and 403(b). While they share some similarities, they cater to different types of employees and have some key differences. Let’s […]
A Lifetime Income Benefit Rider (LIBR) is an optional feature that can be added to an annuity contract. It guarantees a specific income stream for the contract owner for life, regardless of market fluctuations or the performance of underlying investments. LIBRs can be attached to many types of annuities, such as fixed index and variable […]
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