by admin | Feb 1, 2024 | Annuities, Guaranteed Income, Retirement, Retirement Planning
A pension is a regular payment received during a person’s retirement from an investment fund to which that person or their employer has contributed during their working life. This is a retirement benefit that you cannot outlive and used to be quite popular. More...
by admin | Feb 1, 2024 | Estate Planning, Income Taxes, Life Insurance, Retirement, Retirement Planning
From 1987 to 1994, the Estate Tax Exemption was set at $600,000. If your estate was valued more than the exemption, you were assessed estate tax which could be as much as 55%. At that time, people often used their annual Gift Tax Exclusion to reduce the size of their...
by admin | Feb 1, 2024 | Inflation, Retirement, Retirement Planning
Inflation is real and a serious threat to your retirement plan. Living comfortably on $8,000/month now could mean a second job 20 years from now considering historical inflation rates. In this post, I want to cover three things you can do now to beat inflation later....
by admin | Feb 1, 2024 | Estate Planning, Life Insurance, Life Insurance Needs, Retirement Planning
As I mentioned in another post, Life Insurance is not just about dying anymore. The policies today do so much more than they did even 10 years ago. It’s true. Life Insurance is designed to protect us from an untimely death and we’ve also learned that your death...
by admin | Feb 1, 2024 | Life Insurance, Life Insurance Needs, Long-Term Care, Retirement Planning
About 10 years ago, a large insurance company asked some of their policy holders, “What do you want to see from your life insurance policy”? Someone in the room shouted, “Give us our money before we die!” As you might imagine, laughter filled the room. That day was...
by admin | Jan 17, 2024 | Inflation, Retirement, Retirement Planning
What is inflation? There are plenty of fancy definitions, but it will suffice to say that inflation is the decline of your purchasing power over time. Simply put, one hundred dollars no longer buys what it used to. During the period from 1960 to 2022, the average...
