Annuity FAQ: The Basics About Annuities

Are you in the process of exploring the broad range of tools that can be used to accumulate assets, manage income and provide a sound financial foundation? From IRAs to 401(k) plans to long-term care insurance and more, there are many financial strategies at your fingertips. Many retirees choose to use annuities as part of

4 Strategies for Generating Retirement Income Before Age 59½

Do much of your retirement assets exist in qualified accounts such as 401(k) plans, IRAs, annuities or other tax-deferred vehicles? These accounts are popular because they allow you to accumulate assets without paying taxes on the growth. In most cases, you aren’t taxed until you take distributions from the account. The trade-off for tax deferral,

Will These Types of Debt Impact Your Estate?

As you enter retirement and the final phase of your life, you may be thinking about the legacy you will leave behind for your loved ones after you pass away. Maybe you want to leave an inheritance that your grandchildren could use to pay for college. Or perhaps you want to leave a nest egg

What Steps Have You Taken to Prepare for Disability?

Do you think it’s unlikely that you’ll ever suffer a disability? You’re not alone. According to the Council for Disability Awareness, American workers on average think they have only a 2 percent chance of suffering a disability during their career. The truth, though, is that the average worker has a 25 percent chance of missing

Don’t Let Your Child’s Student Loans Drag Down Your Retirement

Every parent wants to see their child take full advantage of all possible educational opportunities. It’s natural for you to want the best for your child and to want them to maximize their potential. That’s why many parents put a greater emphasis on saving for their child’s college education than on saving for their own

3 Reasons Why You Need a Comprehensive Financial Plan

Do you have a comprehensive financial plan? If you’re like most Americans, probably not. According to a study from the Certified Financial Planner Board of Standards, only 19 percent of Americans use a comprehensive financial plan. The remaining 81 percent either don’t have any type of financial plan or have one only for specific financial

Do You Have a Plan for Incapacitation?

You probably have a plan to fund your expenses and lifestyle in retirement. You may also have a plan for how your estate and legacy will be passed on to loved ones after you die. However, there is another possible phase of retirement that also warrants a plan. It’s incapacitation, which is the physical or

Should You Downsize in Retirement?

It’s a question many retirees face at some point. The kids have long since grown and moved out. The yard and the house require more maintenance than ever. The taxes and utility costs are taking a big bite out of the budget. Is it time to sell the house and move into something smaller? There

Cut the Cord: How to Help Your Adult Child Achieve Financial Independence

Every parent dreams of the day their child completes their education, launches their career and becomes an independent, self-sustaining adult. For many parents and children, though, that day never arrives. Numerous recent studies show that a large number of adult children still receive financial assistance from their parents. One study found that 40 percent of

Don’t Make These 3 Retirement Planning Mistakes in Your 40s

Retirement planning should always be a priority, but it may take on added urgency if you are in your 40s. Once you cross 40, you may only have a couple of decades to save for retirement. That may seem like a long time; however, if you make a mistake or fail to save, you could