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Social Security Benefits Are Not Prorated
Social Security Benefits Are Not Prorated
Q: It has always puzzled me why Social Security takes back a person's Social Security check for the month he or she dies. My aunt died in April, ...
06-21-2022
What Is an Immediate Annuity
What Is an Immediate Annuity
Last week I turned on the air conditioner for the first time this year. Much to my chagrin, it wasn’t working properly. So, I had to have someone ...
06-14-2022
Gold IRA: Is This New Type of Retirement Account a Good Post-Pandemic Investment
Gold IRA: Is This New Type of Retirement Account a Good Post-Pandemic Investment
Today’s precarious economic environment makes a strong argument for alternative retirement investments for the post-pandemic era. This, at least, is the prevailing sentiment among many investors and market-watchers who fear ...
06-11-2022
7 Roth IRA Secrets You Have To Know
7 Roth IRA Secrets You Have To Know
Pop quiz. What’s the greatest wealth-building tool? Dave Ramsey says it’s income, while Daniel Mollat wrote a book entitled, “Stock Options: The Greatest Wealth Building Tool Ever Invented.” For ...
06-8-2022
Retirement Savings: 401(k), Individual Retirement Account (IRA), and Roth IRA
Retirement Savings: 401(k), Individual Retirement Account (IRA), and Roth IRA
Social Security benefits were designed to supplement our income needs in retirement by providing about 40 percent of what a retiree might need for a comfortable life based ...
06-6-2022
Stock Market Slump Threatens Americans’ Retirement Plans
Stock Market Slump Threatens Americans’ Retirement Plans
Americans on the cusp of retiring are facing a tough choice as they watch their nest eggs shrink: Stay the course or keep working. A stock market slump ...
05-29-2022
403(b) Retirement Plan
403(b) Retirement Plan
Do you work for a nonprofit or tax-exempt organization? In that case, you’re probably driven by your desire to help others. But, who’s going to take care of ...
05-25-2022
Can You Save for Retirement Without a 401(K)?
Can You Save for Retirement Without a 401(K)?
Here’s a pop quiz for you. When you hear the word retirement, what immediately comes to mind? Some of you might have visions of traveling the world, playing ...
05-24-2022
2022 Retirement Planning: The New Rules Explained
2022 Retirement Planning: The New Rules Explained
In the middle of 2022, what shall we modify our retirement plans? Sure, cover the essentials. Maybe you will find that you did the retirement things year after year ...
05-21-2022
Top 7 Ways to Protect Your 401(K) From a Stock Market Crash
Top 7 Ways to Protect Your 401(K) From a Stock Market Crash
If you have a 401(k), any other retirement plan, or anything that ties into the stock market in general, then this article is for you. I’m going to ...
05-21-2022
How an IRA Works
How an IRA Works
A 401(k) plan gives participants little choice. The company will have selected the fund manager. The fund manager will decide how to invest the employees’ money—and the employees ...
05-17-2022
10 Annuity Tips That Will Save You Thousands (An Unbiased Annuity Guide)
10 Annuity Tips That Will Save You Thousands (An Unbiased Annuity Guide)
In what ways does an annuity benefit you? This is an important question that needs to be answered before you buy one. Besides offering a steady and guaranteed ...
05-17-2022
What Is a 4% Withdrawal Rate? How It Might Haunt Your Retirement
What Is a 4% Withdrawal Rate? How It Might Haunt Your Retirement
A four percent withdrawal rate is a common rule of thumb when planning for retirement. But what does that mean? And more importantly, is it right for you? ...
05-15-2022
What You Need to Know Before Taking out a 401(K) Loan
What You Need to Know Before Taking out a 401(K) Loan
Financial hardships happen, and can be experienced by anyone. Unexpected layoffs, putting kids through school, and the changes caused by COVID-19 to name a few. Regardless of the ...
05-12-2022
Annuities: 15 Things You Must Know to Save You Time and Money
Annuities: 15 Things You Must Know to Save You Time and Money
The prospect of having some sort of guaranteed retirement income is particularly attractive in today’s uncertain financial climate. The threat of stock market volatility or outliving your savings ...
05-7-2022
Understanding Required Minimum Distributions (RMD) Rules 
Understanding Required Minimum Distributions (RMD) Rules 
When you make a contribution to a traditional Individual Retirement Account or 401(k), the tax liability on the funds you contribute is deferred until you take the money ...
05-6-2022
Understanding Annuities and Taxes: Mistakes People Make
Understanding Annuities and Taxes: Mistakes People Make
When it comes to taxes, we all have to pay the piper. In this case, the piper is Uncle Sam. So, even though you’ve seemingly already paid your ...
05-1-2022
How to Rollover Your 401(K)
How to Rollover Your 401(K)
The first thing you’ll need to do is obtain the details of your new 401(k) plan. The human resources department should be able to tell you the account ...
04-29-2022
5 Types of Annuities
5 Types of Annuities
Annuities may seem complex. In reality, they’re very straightforward—like a warm and delicious pizza. All variations of pizza contain the following basic structure; crust, sauce, cheese, and toppings. ...
04-27-2022
What Is an RMD and How Will It Help You Retire?
What Is an RMD and How Will It Help You Retire?
When it comes to your retirement, you did everything right to be ready. You developed a retirement plan that took into account your lifestyle, health care, and potential ...
04-25-2022
3 Types of IRAs
3 Types of IRAs
Like 401(k) plans, IRAs can come in a range of different flavors. Savers have different ways to prepare for their futures based on the levels of their income ...
04-25-2022
Backdoor Roth IRA’s, What You Should Know Before You Convert
Backdoor Roth IRA’s, What You Should Know Before You Convert
If you are considering a backdoor Roth IRA, chances are your income has put you over the threshold of making a direct contribution. So when you can’t just ...
04-16-2022