Category: Retirement Plans

Life Insurance Is For The Living

There are so many misunderstandings about life insurance. Cash value policies, which is what I promote, can help you throughout your life, while still leaving a benefit for your family. There is no other financial instrument that can do this.

Is Your Retirement Savings Like Daylight Savings Time?

   In Daylight Savings Time you gain a phantom hour of daytime for a time only to lose it back again. Is this how your retirement savings account behaves?  Phantom gains giving way to losses which are often bigger than

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Americans expect to work longer, retire later

If you have moved your retirement plans later and later you are not alone. Age 67 has become the new expected retirement age for many Americans. The primary reason is money. Not enough savings to retire comfortably. This is consistent

Do you understand IRAs?

IRAs and their cousin Roth IRAs are very powerful retirement planning and wealth building tools. Unfortunately they are also under utilized. Only 22% of Americans are using them. If you do not have a retirement plan through your employer the

Starting The New Year Right

We humans like to do some things as ritual— New Year’s resolutions is a good example. Regardless of whether you make New Year’s resolutions or not most of us use this time of year to reflect on where we’ve been

INTEREST RATES BEG TO REFINANCE BUT SHOULD YOU?

Mortgages are cheap. According to Freddie Mac on November 23, interest rates on 15-year Fixed Rate Mortgages averaged just 3.30%. Conventional 30-year home loan rates averaged 3.98%, and ARMs averaged 2.91% for 5/1-year and 2.79% on 1-year. The yield on

Is it possible for Creditors to garnish your State Retirement Check?

In short no, it’s not possible. A state retirement check can not be garnished by a credit card company as your pension contributions and subsequent disbursements are completely exempt from credit card garnishment. However, it does not mean that you

YOUR YEAR END FINANCIAL TO-DO LIST Part 2

If you are older than 70½, don’t forget RMD’s. Qualified Plan owners over age 70½ must take Required Minimum Distributions (RMD) from their plans by December 31, 2012. Remember that the IRS penalty for failing to take an RMD equals

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YOUR YEAR END FINANCIAL TO-DO LIST Part 1

We’re in the fourth quarter. It’s time to review your personal finances and maybe start to look at next year. Also, consider these year-end moves. Think about adjusting or deferring your income and tax deductions. If you earn a lot

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