Typically, when you see the phrase ”retirement plan services,”, these are services developed for companies in helping their employees save for retirement. These services may include several as follows.
Retirement Plan Design
Management of many companies don’t know if it’s better to have a 401k, a profit sharing, a defined contributions plan and how to design the [...]
Trusts play a big part in estate planning. What you don’t know about them can hurt you and your beneficiaries’ financial health and possibly your own.
A trust is a legal entity - just like a corporation or a person. It holds assets for a beneficiary. The beneficiary could be you or another person. A trust [...]
You may be able to achieve more of what you want for retirement than you think. The right retirement advisor, often can help you see implications of your actions, decisions, and wishes and how they impact your retirement and estate planning. But your advisor cannot help you unless he knows what wishes are ultimately on your [...]
Study shows long term care - though needed - is often too costly for seniors
Paying for long term care (LTC) poses a serious dilemma for seniors according to a recent study by Boston College’s Center for Retirement Research. Who needs LTC, what’s the cost, who’s supposed to pay for it, and who can afford it [...]
The biggest problem early retirees face is failure to change spending habits when they retire early. I worked with a couple who provides an example. I set up their portfolio to provide a retirement income of $40,000 annually which combined with social security and pensions gave them an income of $80,000 annually. The brother of [...]
Deferred annuities are designed for building a tax-deferred retirement nest egg by people age 20 to 60. During volatile times, this may be one of the better retirement options for conservative investors. You can have your funds guaranteed by the insurance company and receive their modest annual declared interest rate or you can opt for [...]
One of the advantages of immediate fixed annuities is the feature that provides you with income for the rest of your life, for both you and your spouse, or simply to pay you for a fixed number of years. But what’s the best choice for you? Let’s consider some payouts based on annuity type and [...]
While tax-free bonds can be a popular source of tax-free income, some retirees are not aware that they can receive a potentially higher source of cash flow from insurance companies using an immediate fixed annuity.
In exchange for the premium payment, the insurance company pays the annuity owner a cash payment for life or for a [...]
Let’s work up the ladder of rates that you can get from guaranteed retirement income sources. We skip treasury securities because bank deposits pay more and they also have a federal guarantee (up to $250,000 per depositor through 12/31/2013)
Bank Certificates of Deposit – in terms from 3 months to 5 years. Generally, the longer the [...]
A New Type of Trust May be Able to Solve Many Estate Planning Problems
Many wealthy Americans today are worried about what will happen to their estates after they are gone. Although many different types of trusts have been designed to help alleviate this problem, a new type of trust, called the “inheritor’s trust” has a [...]
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