Lower Interest Rates Until 2023? Great For Spenders, Bad For Retirement

In September 2020, the Federal Reserve ended its two-day policy meeting by announcing its intention of keeping interest rates at their current all-time lows until 2023. Since 70% of the American economy relies on consumption, the Fed's commitment to low-interest rates is part of an effort to push Americans away from saving and into spending. [...]

What Women Business Owners Can’t Ignore When Planning For Retirement

If you are a woman business owner and don't feel confident in your ability to retire comfortably, you are not alone. A comprehensive survey of women business owners by Transamerica in 2016 revealed that nearly 46% of the respondents said they were concerned that they would not be able to retire comfortably. Perhaps even more [...]

How Can A Hybrid Annuity Help You Plan For Long Term Care

If you are over 50, your financial advisor, agent, or CPA has probably mentioned the need for some protection against the potentially disastrous costs of long-term care. Knowing that retirees face increasing costs for long-term care and live longer than ever, your advisor may have suggested you purchase traditional long-term care (LTC) insurance policy. However, [...]

What Are Buffer Annuities And How Do They Work

Sparked by the current pandemic, sales of a relatively new type of annuity have seen a 38% increase over the last year, according to estimates by the Secure Retirement Institute. These latest iterations of annuity products, known as “buffer” annuities,” trace their origins back to 2010.  That year, a handful of annuity companies created a [...]

What Is A Multi-Year Guaranteed Annuity And Why Should You Care

While no single financial product can meet the financial needs of every retiree, annuity products have evolved to earn a respectable place in many retirees' portfolios.- Randy Hux One of the easiest to understand products in the financial world is the multi-year guaranteed annuity or MYGA. A MYGA is a fixed-rate insurance product that allows [...]

What Is An Annuity Laddering

What Is An "Annuity Laddering" And How Can It Work For You "A desire to preserve cash savings and turn that money into lifetime income is a primary reason some people decide to purchase annuity products. "Laddering" can help these products work even more efficiently."- Jerry Yu It's genuinely shocking when I run across people [...]

The Real Truth About Fixed Index Annuities In A Bear Market

I think we can all agree that the stock market has been extremely volatile since the COVID-19 pandemic. But what has the market done and what was the average return from the beginning of the stock market.  Well, let us investigate the truth, believe it will be a real eye-opener. We have had a bear [...]

Fixed Indexed Annuities Stay Focused On The Ball

Fixed Indexed Annuities Stay Focused On The Ball While Riding The Market Roller Coaster During These Uncertain Times Our year 2020 is turning out to be a real Doozy (nail biter) due to the Covid-19 virus and this historic election year as our economy is reopening and then is slowed or stalled and pushed forward [...]

Owning A Small Business Does Not Mean Your Retirement Planning Is In Place

Please think about your legacy, because you're writing it every day. - Gary Vaynerchuk Business owners are often so immersed in the day-to-day issues associated with running a successful enterprise that they neglect their retirement planning. When surveyed, over 70% of all small to mid-sized business owners indicate they have no retirement plans in place [...]

By |2020-07-06T18:46:40+00:00July 2nd, 2020|Retirement Planning|