Fear Strikes Out |
March 25, 2013 |
Member Posts, Robert Zimmerman
Written By: Robert Zimmerman | H&R Advisory Service, LLC Anyone over the age of 50 can recall the movie – FEAR STRIKES OUT. It is based on the life story of Jimmy Piersall, a major league baseball player who struggled to overcome a fear ridden life that inhibited his ability to continue as a major league player. For many in their retirement years, there are a number of fears that impact their quality of life. Some of the fears are: “What if I outlive my...
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Does your bank offer a ‘benefit’ account? |
March 12, 2013 |
Income For Life, Member Posts, Retirement Planning, Robert Zimmerman
Written By: Robert Zimmerman | H&R Advisory Service, LLC Regularly, we receive an offer of $100 or $150 in the mail by a bank as an incentive for us to open a ‘high yield’ savings account. The high yield could amount to an interest rate of around 1%. The offer does not mention that they will also send along a 1099 form every year at tax time. This informs the IRS of how much interest you received, so that they can participate. More and more,...
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How To Avoid The Next Market Crash! |
February 11, 2013 |
Income For Life, Member Posts, Robert Zimmerman, Your Retirement
Written By: Robert Zimmerman | H&R Advisory Service, LLC Were you there in 1987 when the market dropped over 20% in one day? Were you among those who watched awestruck while the stock prices streamed across the screen? Did you participate in 2007 when the market dropped over 50% over a period of months? Many people are still frightened by the idea of going back into the investment scene and are willing to accept the low interest rates offered by government bonds or bank accounts...
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Don’t Stop The Presses! |
October 3, 2012 |
Member Posts, Retirement Planning, Robert Zimmerman
Written By: Robert Zimmerman | H&R Advisory Service, LLC There are many folks who so dislike annuities that they almost go into a panic state at the mention of the word. They have been trained to abhor annuities by many of the ‘expert’ financial gurus that offer their opinions in the media. If the idea of annuities is so bad, you have to wonder why any of these folks would agree to accept their ‘social security’ check when it comes every month. After all, this...
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Running out of money? |
August 13, 2012 |
Member Posts, Robert Zimmerman
Written By: Robert Zimmerman | H&R Advisory Service, LLC One of the main concerns in retirement years is: ‘Will my money last me as long as I live? When you look at the low interest rates available for ‘safe money’ accounts, it is quite apparent that there is a legitimate reason for this concern. After all, if inflation runs at 3% and your savings receive 1.5%, you lose purchasing power even if you simply let the money sit in your account. How is it, then,...
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What is the problem with annuities? |
August 11, 2012 |
Member Posts, Robert Zimmerman
Written By: Robert Zimmerman | H&R Advisory Service, LLC While annuities are great places to deposit your safe money, they are not tax free accounts, any more than IRA or 401k accounts. Yes they do offer higher interest rates on a guaranteed basis, and they have some attractive side benefits, they are still a ‘tax deferred’ account. Many people don’t realize that annuity values do not pass tax-free to heirs. All the interest gained through the years is taxable income to the heirs. Even if...
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You Don’t ‘Buy’ Annuities |
August 2, 2012 |
Annuity Basics, Member Posts, Robert Zimmerman, Your Retirement
Written By: Robert Zimmerman | H&R Advisory Service, LLC Most people are lead to believe that annuities are a purchase –same as buying a candy bar. Or an automobile! The problem is that you can immediately use your sense of touch to evaluate such a purchase. You cannot do this with a bunch of words on a piece of paper. Give up the notion of buying an annuity, and think of it in the same way as you think of having money in a checking...
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