Adding to your IRA every year is a must. The 5,000 or 5,500 limit isn’t a huge chunk of change to dish out and a little can go along way towards your retirement goals depending on how soon you start saving. The trouble most people have is that they need the extra 5,000 to pay Click to Continue
Great American (GAFRI) is pleased to announce that Moody’s Investors Service has upgraded the financial strength rating from A3 to A2 with a stable outlook! Great American are currently rate “A (Excellent)” by A.M. Best and “A+” by Standard & Poor’s.
Recent studies have revealed that many are thinking about and preparing for retirement, but have a strong sense of uncertainty. In addition, many are not taking the steps to secure a solid retirement that is going to be able to sustain during retirement. Here are some tips to help secure a retirement plan that will Click to Continue
As one nears retirement, the decision to start taking Social Security benefits begins to be carefully calculated into retirement income planning. During the retirement income planning process it is important to know how much Social Security will pay out, but some want to know how benefits are calculated. Social Security benefits are based on Click to Continue
Great new video about the services here at Retirement Think Tank. We hope you enjoy!
For something that is common during our working lives, but never talked about until we are 62, Social Security seems to still be a mystery to us. We all know it’s there, we see it come out of our paychecks, we know that it will kick on somewhere around 62, but it seems that we Click to Continue
Allianz Life Insurance Company completed a recent survey of Baby Boomers, “Transition Boomers and Retirement Income”. The survey suggests that Baby Boomers are more interested in guaranteed income rather than higher returns. However only 25% of those surveyed owned an annuity. Most of those surveyed admitted not even knowing much about annuities. More women than Click to Continue
Required Minimum Distributions, or “RMDs”, are a part of life for tax qualified accounts like IRAs or 401ks. At age 70½, you have no choice but to start drawing a portion of the money out and paying the taxes on those withdrawals. The IRS has “called” your loan and now wants to start pulling tax Click to Continue
With your house paid off and your kids no longer living under that same roof, you are limited in the deductions you can take from your income in retirement. It’s important to understand how your retirement income is taxed in the state you live in so you can make your retirement savings go farther. Click to Continue
The truth is, your life in retirement has little to do with money. Yet, there are things your financial advisor should be helping you plan for that they might not have discussed with you. Although Jaggar might have had a point, time, isn’t necessarily on your side. You shouldn’t be postponing things that have Click to Continue