Seven Common Mistakes Federal Employees Make With Their RetirementBenefits

When my sister Angie and I started our financial services business, Genuine Financial Advisors, we did so because we discovered, through circumstances in our own family, that failing to plan can have devastating consequences, especially in retirement. Mistakes made in any phase of a person's financial life will almost certainly have a magnified impact once [...]

By |2020-06-25T19:55:25+00:00June 23rd, 2020|Retirement Planning|

Avoiding Probate: A How To Guide

If you own bank accounts and want to reduce your exposure to probate with these assets the “payable on death” (POD) option may help you. This option offers an easy method to keep bank account out of probate court. All that is required is a form which most banks can supply naming whomever you want to inherit the money in your account at your death.

By |2020-04-13T18:55:57+00:00September 5th, 2019|Estate Planning|

10 Solid Reasons To Consider An Annuity For Your Retirement Foundation

Need a reason to add an annuity to your retirement portfolio?  Here are 10. Annuities aren’t for everyone; you have seen me write about that often. But when you are putting together your “bedrock” foundation for your retirement plan, they can be essential to that planning. Think of layering, this about safety and security as [...]

By |2020-04-12T23:27:28+00:00February 17th, 2019|Annuities, home-mid|

Death Benefits and Annuities: Tips and Hints

Annuities are contracts with written contractual provisions which include benefits paid to a named beneficiary. In the event of the annuitant (a person) dies, the proceeds from an annuity are passed to the beneficiary. The beneficiary can be a person or persons, a trust or an organization. If the annuity names a beneficiary, the funds are paid without the need of probate.

By |2020-04-13T20:20:34+00:00January 28th, 2019|Annuities, Annuities 101|

Make the Right Choice in Selecting a Beneficiary

Who should inherit your IRA or 401(k)? Your annuity? See that they do. Here’s a simple financial question: who is the beneficiary of your IRA? How about your 401(k), life insurance policy, or annuity? You may be able to answer such a question quickly and easily. Or you may be saying, “You know, I’m not [...]

By |2020-04-17T18:10:39+00:00January 28th, 2019|Annuities, Annuities 101|

Annuity Beneficiary: An Important Decision

Naming a beneficiary on an annuity can help lower probate expenses Annuities are contracts between an individual and an insurance company. Annuity contracts allow for the owner of the annuity to name a beneficiary so in the event of the death of the annuitant. Because this is a contract, the beneficiary will normally receive the [...]

By |2020-04-13T18:34:35+00:00January 25th, 2019|Annuities, Annuities 101|

Understanding Your T.S.P. Options and Decisions.

Longevity Risk, Investment Risk Withdrawal Options, IRS Life-Span, Assumed Growth, Payment Adjustments Control of Assets, Beneficiaries T.S.P Modernization Act of 2017   When you retire, there are some decisions to consider that will impact the financial quality of your future years.  For Federal and USPS employees, nothing is more critical than managing your TSP funds properly.  [...]

By |2020-04-15T20:57:25+00:00January 4th, 2018|Retirement Planning|