One common question people have as they approach retirement is, “How will Social Security fit into my plans?” No matter how much you have set aside for retirement, you’ll want to make sure that you have adequately planned with all the tools in your arsenal; and that includes Social Security.
Read MoreRecently I’ve been wondering how many people would own annuities if they fully understood what they were getting. I also wonder how many advisors would sell annuities if they received normal fees and commissions on the sales. I suspect that in both cases, the number would be a lot lower than it is today.
Read MoreSocial security will not be around forever but it remains a tremendous benefit for Baby Boomers in retirement. Many Americans don’t realize that they aren’t maximizing the benefits they could be receiving. Here are three basic rules when it comes to maximizing Social Security benefits:
Read MoreThere are several options to look into when you want to start an IRA or continue to put away money for the future. The two primary choices are a Roth IRA or Traditional IRA. It is important to ask your accountant or advisor if you qualify due to income limits and 401k disqualifications.
Read MoreGood news! Your employer offers a 401K plan. But in order to fully benefit from your company’s plan, you need to allocate your portfolio to best fit your situation.
To begin the process you should ask yourself the following questions:
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