We’ve received calls asking to explain capital gains taxes so we thought this week’s article might be of interest. It tells us “There are two categories of capital gains: short term (assets held for a year or less) and long term (assets held for longer than one year). The day you acquire the asset isn't included in your holding period, [...]
I enjoyed reading this week’s article because it provides information for a conversation that is of interest to the different generations in any family. Saving money is an interesting topic as while it usually involves the idea of needing to have retirement money in the future, it often neglects to think of it in the bigger picture which is regardless [...]
This week’s article ask the question “When do you stop saving and start enjoying the fruits of your labor?” Assuming “you've done all the right things—financially speaking, at least—in saving for retirement. You started saving early to take advantage of the power of compounding, maxed out your 401(k) and individual retirement account (IRA) contributions every year, made smart investments, squirreled [...]
This week’s article suggests us four things to do if we want to save enough to retire in 10 years, but we have an additional idea. As you accumulate those savings meant to carry you through retirement alongside of your social security, we suggest putting some or all of those savings into a place where your principal is guaranteed not [...]
Did you know that a survey released in 2019 found 46% of Americans are guessing at how much money they need for retirement? With increasing life expectancies and financial uncertainties leading up to retirement, it would seem that guesswork plays a big part in determining whether or not we have saved enough to make the decision to stop working and [...]
This week’s article tells us “The best day to start saving is today, even if you can save only a little bit.” The math is very interesting. “If two people put the same amount of money away each year ($5,000), earn the same return on their investments (6 percent annually) and stop saving upon retirement at the same age (67), [...]
Are you holding your breath starting to worry about the market again? Fortunately, you can build a diversified portfolio with principal protection in a way that distributes risk and prepares your retirement savings for growth in a variety of economic environments. If you include Fixed Index Annuities it’s even possible to guarantee income over a period of time — even [...]
This week’s article tells us that affluent Americans are rushing to retire in a new ‘Life-Is-Short’ Mindset. “The unprecedented surge in shares and home values during an economic crisis is easing the retirement path for those who have savings”, yet, even if we now think that life is short, we still live longer and need income that we can’t outlive. [...]
According to a Gallup poll, 85% of investors “strongly agree that it’s important to have a guaranteed income stream in retirement to supplement Social Security.” At the same time, “61% strongly or somewhat agree they are willing to give up access to some money in order to provide for a guaranteed retirement income stream,” adds Lydia Saad for Gallup. Whether [...]
As a reminder when you are considering where you can place your hard earned savings to generate a guaranteed income, remember that FIAs are insurance products that can guarantee income over a period of time — even over a lifetime. Unlike a 401(k), the insurance company absorbs the risk of market downturns, guaranteeing a minimum floor, and protecting contract holders [...]
