Retirement Income

27th Oct, 2017

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Don’t Let Myths Derail Retirement

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

As an individual, you’re unique — and so is your retirement plan. Yet many Americans continue to believe some common retirement myths that have the potential to derail or negatively impact one’s future.

Myth: You only need to plan for retirement. Once you retire, the work is done.
It’s best to think of your retirement plan…

Addressing Consumer’s Objections to Annuities

19th Sep, 2017

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Addressing Consumer’s Objections to Annuities

From: www.wealthmanagement.com

Annuities, according to author and retirement income expert Tom Hegna, aren’t bad, but, he cautions, “there are bad annuities.” In this video clip from The American College New York Life Center for Retirement Income, Hegna speaks with Professor Dave Littell about common consumer objections to annuities and what advisors can do to reframe the conversation with clients about this important tool as part of an…

What Is the Real Value of $100 in Your State?

9th Aug, 2017

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What Is the Real Value of $100 in Your State?

From: taxfoundation.org

This map shows the real value of $100 in each state. Prices for the same goods are often much cheaper in states like Missouri or Ohio than they are in states like New York or California. As a result, the same amount of cash can buy you comparatively more in a low-price state than in a high-price state.

The Bureau of…

Kitces: When and how to deduct long-term care insurance

28th Jul, 2017

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Kitces: When and how to deduct long-term care insurance

From: www.financial-planning.com

With the 1996 introduction of tax-qualified long-term care insurance under the Health Insurance Portability and Accountability Act and IRC Section 7702B, Congress affirmed that long-term care insurance benefits should be tax-free. Tax benefits for purchased long-term care insurance coverage followed.

However, the evolving landscape of both individual tax deductions and long-term care insurance tax preferences have created myriad options for filers, all…

Income / Withdrawal Needs

8th Jun, 2017

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One of the greatest challenges to retirement income is retiring at a market top. The following illustrations show the differences in three portfolios starting at the market top of 1999. It can be difficult to create an income stream in today’s interest rate environment with traditional income sources. These illustrations compare two portfolio’s vs. our Balanced Risk Program that can provide clients with income.

Real-World Index Annuity Returns

16th May, 2017

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Real-World Index Annuity Returns

From: Financial Planning Association

  • This paper offers the first empirical exploration of fixed index annuity (FIA) returns based on actual contracts that were sold and actual interest that was credited.
  • FIAs are designed to have limited downside returns assocated with declining markets, and achieve respectable returns in more robust equity markets.
  • Studies that have criticized FIAs are usually based on hypothesized crediting rate formulae, constant participation rates and caps,…

Retirement Basics: Fixed Index Annuities

12th Apr, 2017

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Retirement Basics: Fixed Index Annuities

From: REAP, LLC.

How a Fixed Index Annuity could strengthen and protect your overall retirement plan.

When it comes to your retirement, a steady stream of income could make a difference in your later years. With a fixed index annuity, a portion of your retirement savings is protected from risk until it’s needed. What is a fixed index annuity? A fixed index annuity allows you to protect a portion…