Inheritance or Trust: Which is Better for Beneficiaries?
A common question in the financial planning world is: which is better for beneficiaries an inheritance or a trust? The best answer is that it depends on the situation.
Pros and Cons of Annuities
Annuities can serve an important role within a portfolio. You just need to be careful how you’re using them. Learn more about the pros and cons of annuities and how they may fit into your retirement portfolio.
Pros and Cons of Investing in a 401(k) Retirement Plan
A 401(k) is the dominant retirement plan scheme that most people in the U.S. will use to provide an income once they retire. But many wonder if there are pros and cons of using a 401(k) retirement plan to save for your retirement.
When is the Best Time to Take Social Security Benefits?
Many people struggle with identifying the optimal age for claiming their social security benefits. Read on to learn what factors come into play that will help you make the best decision!
Financial Surprises in Retirement
Even with the most careful and forward-thinking retirement planning, there are still some financial surprises you may face. Those extra costs and financial drains can make quite a dent into your portfolio, as well as in your everyday savings and money on-hand, potentially setting you back a few steps in your smart retirement preparations.
4 Percent Retirement Rule – Is it Still Valid Today?
You are about to retire and have created a nice retirement portfolio. But how do you ensure what you have saved will be enough money for your retirement? There is a well-known retirement spending strategy called the 4 percent rule. But is it still a valid strategy in today’s world?
Charitable Giving through Estate Planning
Charities rely on donations and for many donors, charitable giving is important to them. Many include charitable donations as part of their estate plan. So, whether you want to donate to an organization or cause that you are passionate about or help your school or university, there are steps you can take to ensure your money actually gets to them.
Common 401(k) Plan Questions and Answers
A 401(k) plan is a defined-contribution retirement account, which allows you to save a portion of your pre-tax salary to the plan. But many people have questions about their 401(k) plans that we answer in this post.
Develop a Strategy to Minimize Taxes in Retirement
The goal is to not pay more taxes than you have to. It starts with you understanding how retirement income is taxed. Put together a strategy before retirement that will put you in the best position to minimize your taxes.
Social Security Benefits – What To Consider Before Applying
Social security is not as straight forward and easy to understand as some people may believe. There are things you need to think about before signing up for the benefits.
Fixed Annuities: Are They Right For Your Retirement Plan?
Fixed annuities will provide a guaranteed pay-out at a rate of return over a period of time. The rate of return usually mimics current interest rates. What could ever be bad about that? Let’s find out whether a fixed annuity is right for your retirement portfolio.
Tax-Deferred Annuity Explained
An annuity is a financial product used to save tax-deferred for retirement or to generate regular income payments once in retirement. There is a lot of confusion around annuities as a retirement investment. Learn what a tax-deferred annuity is and whether it is right for you.
