Category Archives : All

DEFINED BENEFIT OR DEFINED CONTRIBUTION

This week’s article, found in an issue of the Harvard Business Review, was of interest to me because it described very simply the difference between and shift from Defined Benefit retirement plans to Defined Contribution plans and it discussed that “more dangerous yet is the shift in focus away from retirement income to return on investment that has come with the introduction of saver-managed defined contribution plans”. We have always liked products that provide an income in retirement that you can’t outlive. If that is something of interest to you, give us a call and we can tell you about some options that may be available. We’re always here to help.

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SUCCULENT SAVINGS

After what I hope was a hearty Thanksgiving day meal, I thought you would enjoy this article which suggests that you “consider throwing a new recipe onto your menu. Ingredients like contributions to an employer sponsored 401(k) program or to fixed indexed annuities can create a deliciously balanced portfolio that can keep you and your family financially full for many Thanksgivings to come.” Call us if you’d like to explore what ingredients are needed to make this “recipe” for you and your family. We are always here to help.

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ALWAYS LEARNING

I read an article this week that was directed toward teachers who were revisiting their retirement plan “for when they are no longer lesson planning.” One section of the article in particular caught my eye because it addressed in a very simple way two topics that we always discuss with our clients who purchase Fixed Indexed Annuities, how you don’t lose your principal, and how you do make money. The article states “An FIA uses a unique formula to calculate annual interest based in part on the performance of a stock, bond or commodity index. While the index is used as a benchmark, you don’t actually invest in it—FIAs do not directly participate in any stock or equity investments. Different FIAs will also apply other limitations in determining how much of the index change to credit as interest. These limitations are called caps and participation rates.” Call us if you would like to discuss this further. We’re always here to help.

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HARD TO UNDERSTAND YOUR EMPLOYER PLANS?

Sometimes, no matter how hard we try, it is difficult to understand if changes in our employer pension plans are actually advantageous to us. That’s why I thought you might want to read this week’s article taken from the Harvard Business Review. It explains a few concepts that might help you to put into perspective your employer’s retirement plan. It discusses as “more dangerous yet [is] the shift in focus away from retirement income to return on investment”. Call us if you would like to discuss options for retirement income. We’re always here to help.

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STRUGGLING TO SAVE

“Why do you think Americans struggle to save for retirement?” This was one of the questions posed to an retirement expert in this week’s article. His response was “If I told you that people spend more time planning their yearly family vacation than they do planning their nearly 20 years of retirement, would that surprise you?” Perhaps one of the reasons this happens is that we just don’t readily know the perfect answer. How do we accomplish this goal that each year seems harder and harder to attain? Call us, we’re here to help and look forward to speaking with you and to discussing with you options you may not have thought about.

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RETIREMENT IQ

This week’s article takes a close look at “new research that shows a startlingly low retirement IQ” Staying informed and being educated are important and so I thought to share with you three tips to saving for retirement that are mentioned in the article: begin saving early, factor your savings into your budget, and contribute to your employer’s retirement plan. Call us if you’d like to discuss how to implement these ideas, and to discuss options that can help to incorporate guaranteed lifetime income into your retirement plan. We’re always here to help.

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RETIREMENT PITFALLS

This week’s article tells us that “When it comes to retirement planning, one of the most important things you can do is to make sure you’re creating a portfolio that will provide you with lifetime income.” That may seem like a daunting task when interest rates are so low, but we have a few ideas that you may want to consider. Call us, we’re always here to help.

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HEALTH CARE: CAN ANNUITIES HELP COVER THE COSTS?

This week’s article tells us that a new study confirms that “America’s senior citizens have their backs to the wall financially.” “With the threat of financial ruin so prevalent, seniors need to take concrete measures to protect their financial health. That’s not a luxury-it’s a necessity.” We agree, which is why we want to make sure that you are aware of the role that an annuity can play in helping mitigate high costs associated with health care for the elderly. Call us, we’re always here to help.

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BABY BOOMERS AND LOW RETIREMENT IQ

This week’s article tells us ” While many Americans believe they’re retirement savvy, the average baby boomer has trouble answering even simple retirement questions. New survey data shows folks between 52 and 70 years of age have a significant gap in retirement knowledge, resulting in little action toward securing their golden years.” Thinking about retirement isn’t just for seniors. The good news is there are products like Fixed Indexed Annuities that can provide lifetime income. Call us if this is an option you would like to explore. We’re always here to help.

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EDUCATION AND RETIREMENT INCOME

This week’s article tells us that “While some recent studies have identified a decrease in the return to education as the labor market changes, education has a proven impact on lifetime income.” Lifetime income has such an extraordinary impact on our lives, whether it be as young adults or as we near retirement age. We have some ideas for ways your savings can provide you with an income you can’t outlive. Call us, we’re always here to help you explore options you may not have thought about.

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