Rolling Your 401k
July 5, 2008
When we start out work for the first time, we believe that we would stay with the same company until retirement and have a comfortable retirement life with all the money we have saved in our 401k account. Unfortunately this does not happen. In present day and time, we end up changing jobs several times... Read more »
Income Tax Burdens For the Non-Spouse Beneficiary: Perils of Failing to Roll a 401k into an IRA
July 1, 2008
Have you heard about a “stretch IRA” and wondered if it was some special kind of IRA? Well, it isn’t. In the simplest terms, a stretch IRA is an IRA that has a beneficiary designation that provides for the possibility of maintaining the tax deferred status of the IRA after the death of the IRA... Read more »
Today’s Life Insurance News
June 25, 2008
Life, death and health insurance The first question a doctor’s office asks any new patient: “What kind of insurance do you have?” Shaneera Smith’s answer, like that of millions of Americans, is: “I don’t have any.” Smith and her husband, Omar, both had pretty... Read more »
Insurance Claim: Old Age Retirement, Survivors Benefits
June 18, 2008
The Management of the National Social Security and Insurance Trust (NASSIT) is highly concerned about the large number of applications for Old age and/or Survivors’ benefits sitting in the Customer Service Center, which cannot be processed. An application for Old age or Survivors’ benefit cannot... Read more »
Little-known retirement income strategy creates guaranteed lifetime income; increasing liquidity
June 3, 2008
Eye-opening Retirement study reveals retirement income strategy that ends retirees’ liquidity-guarantee trade-off dilemma (Springfield, Mass.) - A portfolio incorporating stocks, bonds, and incremental purchases of annuity income benefits over time – a process called retirement annuity laddering... Read more »
Six Steps to Financially Surviving a Recession
May 30, 2008
In this article, I propose Six Steps…to Financially Surviving a Recession. Some say that it is impossible to save for three months. I think it is not only possible but easier than most people think. I’ve outlined six steps to financially surviving a recession. For some, this will be easy... Read more »
Senior Financial Planning and Life Settlement Investment
May 18, 2008
When it comes to senior financial planning there are a lot of things involved. Of the many topics covered by this type of financial planning life insurance settlements are sometimes dealt with and for good reason. That’s because many seniors find themselves in their golden years with a great life... Read more »
Insurance Bookshelf ~ must reads
May 9, 2008
1. Insurance for Dummies For Dummies An empowering read. Like all dummy books: informative while engaging & entertaining - even though about insurance… 2. The Guide to Understanding the Insurance Industry 2007-2008: Dig Into the Financials That Drive Insurers BookSurge Publishing Illustrated,... Read more »
Keep Pension Funds Safe !
April 21, 2008
‘Having pension funds insure bonds seen as too risky’ ~ is the conclusion of Reuters recent analytical article by Joan Gralla: “NEW YORK (Reuters) - A proposal by California to use state pensions to back municipal bonds is drawing criticism from some other U.S. states and investors... Read more »
How Much to Invest In Annuities for Retirement?
January 26, 2008
There are no limits on the amount that you can invest in an annuity to ensure your comfortable retirement income. Annuities thus complement to 401(k) or an IRA,investments, which do have such limits. You can opt for a deferred or immediate annuity. In either case, how much to invest in annuities depends... Read more »
