Retirement Income

28th Dec, 2017

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Check In With Your Retirement Plan

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

Preparing for retirement is a cornerstone of any financial plan, but a lot can change as you approach your golden years. That’s why trying a “retirement dress rehearsal” well before you stop working can reveal items to be addressed or give you reasons to adjust your expectations.

Double-check your financial details.
Most people’s anxiety about retirement comes…

Promissory Notes: Promises, Problems

21st Dec, 2017

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Promissory Notes: Promises, Problems

From: www.nasaa.org

Many investors seek out safe, fixed-rate investments, especially ones that can boost the interest they earn. You, too, may be looking for sound investments that pay better than average interest to generate income or meet the needs of your overall investing plan. But as you consider new investment products or services, always remember the correlation between risk and reward: every investment involves some degree of risk,…

Social Security: What’s New in 2017

12th Dec, 2017

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Social Security: What’s New in 2017

From: wealthmeethealth.com

Why It Matters:

• Social Security isn’t static. Many years there are adjustments and changes.

• For 2017, there is an increase to how much earnings are subject to Social Security taxes, which could affect high-wage earners.

• Social Security benefits adjust for inflation, but you may be surprised by how small that adjustment can be.

For 2016, there were some pretty big adjustments to Social Security. This…

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.