![John P. Grimes]()
John P. Grimes |
December 4, 2013 |
Income Riders, John Grimes, Member Posts
Not sure what the 60/40/4 rule is? My guess is you probably do know. If you’ve worked with a financial advisor to help you plan for retirement or read any number of financial publications or googled ‘retirement strategies’ then you’ve seen some form of this rule of thumb for a secure stream of retirement income. Basically, if you have 60% of your retirement funds in stocks, 40% in Bonds and withdraw 4% per year then historically your retirement nest egg should last as long as...
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![Todd D. Heckman]()
Todd D. Heckman |
December 4, 2013 |
Deferred Annuities, Long Term Care, Longevity Annuities, Member Posts, Todd Heckman
The number of older Americans age 65 and older living in the United States by the year 2020 is projected to be 54 million. This is an increase of 54 percent from year 2000’s population of 35 million. It is no secret that the growth in older persons, members of the “Baby Boomer” generation (born 1946-1964), will place a greater demand on health care services than any other generation before and probably afterwards. This includes the need for care provided in the home or a...
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![Jennifer Calandra]()
Jennifer Calandra |
December 3, 2013 |
Member Posts
I am often annoyed at the articles and interviews that position women in a very ugly light when it comes to money. We are often depicted as dumb, flighty, air-headed and out of control. If you were to “Google” books about women and money, there are numerous ones in the marketplace to “help us” get a grip on what we need to do in our financial life. Some of them are very helpful, some are not. But, on the flip side of things, if you...
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![Howard Hafetz]()
Howard Hafetz |
December 3, 2013 |
Fixed Annuities, Howard Hafetz, Income Riders, Index Annuities, Member Posts
In regard to “GUARANTEED INCOME RIDERS”*, the explanations of how they work fall into the “Goldilocks Syndrome”. In some cases, not nearly enough information, in others, much too much! Some authors feel the need to explain “actuarial reasoning”, others, do what typically inexperienced advisors do, “tell clients what they want to hear”. Too hot, too cold….. not “just right”! I am going to try to do just that, tell it like “Goldilocks” would! The reason these riders were created was to enable clients to have...
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Howard Hafetz |
December 2, 2013 |
Member Posts
Written By: Rick Rockwell, Dow Rockwell, LLC, San Rafael and Mill Valley, California The first “Black Friday” was September 24, 1869 and had nothing to do with holiday shopping or Thanksgiving. During the Reconstruction Era immediately after the American Civil War, the United States Government established a plan for the re-integration of the rebellious southern states into the Union. Part of the plan included the issue of massive public debt to finance rebuilding efforts. In 1862, as part of the government’s inflationary policies, paper money...
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![Carl Ostenson]()
Carl Ostenson |
December 1, 2013 |
Annuity Basics, Carl Ostenson, Member Posts, Miscellaneous Annuity Info
A very common question that I get from people who have never put money into an annuity or aren’t that familiar with them is “How do I get the money from my current account, into the annuity?” So here are the 3 most common ways that people fund a new annuity contract Write a check Do an account transfer Transfer an old annuity into a new one Write a Check This is the easiest way to fund an annuity. Maybe you had a bank CD...
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![Steve Powers]()
Steve Powers |
November 26, 2013 |
Annuity Basics, Member Posts
After nearly 15 years as a financial advisor, I’ve come to accept that every prospective client who contacts me is like a snowflake: no two are ever identical. While this is true, it is also true that there are many similarities between snowflakes and prospective clients, and one of those similarities is that many profess to not being fans of annuities. Fair enough. Recently, a CPA referred a gentleman to me who has spent nearly 30 years working for a large manufacturing company. And he’s...
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Steve Powers |
November 25, 2013 |
Member Posts
By Phil Calandra in Atlanta, GA If you buy an annuity, with no regard to how it fits into your overall financial plan, you’d be making the same silly mistake. Now, in defense of modern technology in the golf industry, a graphite or titanium shaft club is certainly better than an ole’ hickory stick. You may need an annuity in your retirement “bag”. However, putting the wrong annuity in place could cost you your best retirement. Unlike golf, which is merely a game, how you...
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![John P. Grimes]()
John P. Grimes |
November 22, 2013 |
John Grimes, Member Posts
Before I answer that question, let’s take a minute and reflect on what it took to get to this point in your life assuming you’re already retired or about to be retired. If you’re like most people, you’ve worked hard over the last 40+ years to be able to retire. You competed to get that first job, worked hard to advance in your career, having to learn new skills and technologies along the way to keep up. You started and raised a family with all...
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