According to WISER, The Women’s Institute for a Secure Retirement, half of women over 25 say they have trouble saving for retirement. When planning for retirement, we don’t want to “fall short.” To make sure, we must account for a multitude of factors: 1. How much income do I need? 2. How long will I […]
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Account Preservation for the Next Generations A trusteed IRA combines the tax benefits of a traditional IRA with the control and preservation benefits of a trust. How Is a Trusteed IRA Different from a Typical Custodial IRA? While traditional custodial IRAs and trusteed IRAs are treated identically for tax purposes during your life, the trusteed […]
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I know what you’re thinking. Awesome! A conversation about Life Insurance my favorite subject! Ok, maybe not that much enthusiasm, however, if that Cash Value Life Insurance could be used for… Income-tax-free death benefit to protect heirs at death, replacing lost income Tax-deferred growth of policy cash values over lifetime Tax-free distributions from the policy […]
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Research suggests written financial, income, and tax savings plans help you achieve your retirement goals. The concrete benefits for individuals of having a written retirement plan are clear, according to a Hearts & Wallets survey of 5,794 U.S. Households. The research shows that Americans who have a retirement plan enjoy increased savings, better asset allocation, […]
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An Executive Bonus Plan, Incentive Bonus Plan, or Nonqualified Deferred Compensation Plan can offer options and flexibility to drive success for many types of firms and employees. According to Principal, flexible options in Executive Bonus Plans allow companies to give back to their key employees, whose leadership and expertise are hard to match – and […]
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There are many risks to be aware of, whether you’re approaching retirement or already retired. Stock market risk, bond market risk, interest rate risk, and the largest one is longevity risk. Longevity risk is outliving your money. With all of the advances in technology and healthcare we are living longer than ever before. In this […]
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Retirement Changes and Challenges CONGRESS RECENTLY ENACTED LANDMARK RETIREMENT LEGISLATION KNOWN AS SECURE 2.0 THAT WILL INCENTIVIZE INDIVIDUALS TO SAVE FOR RETIREMENT, WHILE INCREASING ACCESS TO WORKPLACE PLANS. THE NEW LAW INCLUDES A NUMBER OF PROVISIONS INTENDED TO BENEFIT INDIVIDUALS AS WELL AS SMALL BUSINESS OWNERS. -ENHANCEMENT OF TAX CREDITS FOR SMALL BUSINESSES STARTING AND […]
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To say that the year of 2022 has been challenging is an understatement. I don’t need to even want to list them at this point. What we would like to focus in on are business owners. We meet with and speak to many owners and the one topic that never seems to have an answer […]
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Answers to Your Inflation Questions Been there, done that. Don’t want to do it again. That’s how many people who lived through the 1970s and 1980s feel about inflation. But today’s reality is that your money isn’t going as far as it once did, and you’re probably wondering if the situation will get worse. Since […]
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Let’s face it, when it comes to retirement it’s all about generating income right? You’ve worked 40 years to build up and protect this nest egg and were always told NOT to use it until retirement. So, you’ve done a great job following all of the rules like, ‘Don’t raid your retirement nest egg” or […]
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