May 15, 2013 10:39 am
Published by alexhouse
Written By: Nina Avery, CFP® | Avery Safe Money Solutions You may find it hard to believe that taxes are currently at historically low rates. You may find it harder still to believe that your traditional qualified retirement plan (IRA, 401k, 403b, etc.) is a tax bomb waiting to happen. “Conventional wisdom” advises delaying or postponing paying taxes – you might know this as deferring – but the truth is, you are not just postponing the tax, you are also postponing the tax calculation. You...
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May 14, 2013 11:46 am
Published by alexhouse
Written By: Lyndol Anderson | West Texas Senior Solutions This general information gives basic details on options for settling inherited financial accounts. The ramifications to a beneficiary’s personal estate and income taxes will be discussed. The most common types of inherited accounts are listed in order of highest to lowest potential income tax burden. 1) Tax Qualified Accounts: IRA’s, 401(k)’s, 403(b)’s, etc. 2) Tax Deferred Non-Qualified Annuities 3) Bank Accounts: CD’s, Money Markets, Checking Accounts, etc. 4) Life Insurance 1-a) IRA Accounts: The funds in...
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May 9, 2013 6:33 pm
Published by alexhouse
Annuity123 is excited and honored to report that Carl C Luzi, Jr. has joined its network of retirement income advisors for the benefit of consumers in New Jersey who are in need of obtaining personalized retirement planning guidance. Please see below for an overview of Mr. Luzi’s practice. Company Name: Luzi Insurance & Retirement Services Brief Business Description: We are a multiline insurance & retirement planning agency specializing in protecting our clients retirement principal from market loss & guaranteeing that they will never outlive their...
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May 9, 2013 8:48 am
Published by alexhouse
Question: How do I know that the annuity company or insurance carrier is safe and can back up the policy guarantees? Ernest from Wisconsin Answer: Timely question Ernest, and very important when deciding to allocate funds to an annuity strategy. Annuity guarantees are only as good as the insurance company standing behind the policy. Even though annuities and life insurance are backed at the state level, your decision should primarily be based on the issuing company. As a point of interest, you can go the...
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May 8, 2013 11:46 pm
Published by alexhouse
Annuity123 is excited and honored to report that Andy Cook has joined its network of retirement income counselors for the benefit of consumers in the Charleston area who are in need of obtaining personalized retirement planning guidance. Please see below for an overview of Andy Cook’s practice. Company Name: Retirement Strategies and Solutions Brief Business Description: At Retirement Strategies and Solutions, we recognize that developing financial strategies is a process, not a product. It is a process that involves discovering your goals and developing a plan...
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May 6, 2013 11:17 pm
Published by alexhouse
Annuity123 is excited and honored to report that Lyndol & Martha Jane Anderson have joined its network of retirement income advisors for the benefit of consumers in the Great State of Texas who are in need of obtaining personalized retirement income guidance. Please see below for an overview of Lyndol & Martha Jane’s practice. Company Name: West Texas Senior Solutions Brief Business Description: West Texas Senior Solutions has a philosophy which extends to the safeguarding of assets from the continuing threats of inflation, insufficient investment...
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May 3, 2013 5:25 pm
Published by alexhouse
Written By: Nina Avery, CFP® | Avery Safe Money Solutions Someone once told me the traditional pension had gone the way of the dodo. I found the reference odd at the time and I find it odd that I can still hear those words so clearly all these years later. Why are traditional pensions practically extinct? Traditional pensions are expensive and a huge liability to a company. Administration and management are hard costs that cannot be negotiated and risk is ever present. There are just...
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May 2, 2013 10:06 am
Published by alexhouse
Question: What should I expect an annuity to do? Why should I consider buying one? Fred from California Answer: Let me start by annoying the “annuity sales gods” by saying that you might not need an annuity. Gasp! That’s right, annuities are not for everyone even though a lot of agents have a “one size fits all” mentality when it comes to selling them. I have come up with an easy acronym to use to determine if an annuity might be a suitable and appropriate...
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May 1, 2013 9:20 am
Published by alexhouse
Written By: Cal Burgess | Retirement Servicing Group This morning I took my son to a local diner for breakfast. During the meal I couldn’t help notice the couple to the booth in front of me discussing how to protect a lump sum of money. This couple was in their mid 30s, with a 3 yr old they were busily entertaining. The option they were discussing was a 5 year CD. I found it interesting that the husband made the remark “5 years from now...
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April 29, 2013 3:30 pm
Published by alexhouse
Annuity123 is excited and honored to report that Mr. Lynn Smoke has joined its network of retirement income counselors for the benefit of consumers in Greenville, SC area who are in need of obtaining personalized retirement income guidance. Please see below for an overview of Mr. Lynn Smoke’s financial services practice. Business Description: Mr. Lynn Smoke, is a long-time resident of Greenville, SC. He can address the important needs of SAFETY of your money, GROWTH, and maximizing RELIABLE future retirement income you can count on...
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