Month: June 2016

Municipal Workers Retirement Plans Provide Distinct Advantages

Participants can take early distributions without penalties In a sea of retirement plans that can differ by profession and employer, municipal workers’ retirement plans feature high levels of allowed contributions, and distributions before age 59 ½ are not penalized if the worker remains as employees. Police and fire officials who protect cities and citizens from danger enjoy a bit of protection themselves in the form of uncommon benefits that fall under a Type 457 retirement plan. While similar in nature to primarily self-funded 401(k) plans in corporations, and 403(b) plans in tax-exempt organizations, 457 participants can take penalty-free distributions...

Read More

Retirement Plan Specialists Can Be a Boon to High-Income Earners

Often-overlooked benefits can provide big reward to a small segment Synopsis: Highly-paid and taxed professional services providers, including doctors, can benefit from high-impact retirement asset management strategies that are often misunderstood or underutilized. Management of taxes on accumulated assets can ease the burden of managing risk and growth. While many workers are challenged to create enough wealth to retire, high-earning, professional services providers – including doctors and athletes – face the very different struggle of preserving the wealth they’ve already created. Fortunately for them, effective retirement planning that emphasizes tax management can keep them from forfeiting up to 90%...

Read More

A Successful Retirement Requires More Than Assets

Though many people focus on a specific dollar number to retire, a combination of skills and a well-executed plan can make a huge difference. In fact, a successful retirement plan is a balancing act that produces a desirable quality of life, and even leaves a legacy. Just as the rare “five-tool” baseball player possesses speed, a strong arm and fielding range while hitting for high average and with power, superstar retirement plans also have five essential features: estate planning, strategic investments, coordinated sources of income, healthcare contingencies and tax treatments. Estate Planning Proper estate planning assures that one’s wishes...

Read More

Attributes & Market Conditions Fuel Fixed Index Annuity Growth

Desire for safety and fear of markets’ relapse incent retirees to add annuities to their portfolios Investors in or considering retirement are increasingly adding fixed index annuities to the traditional presence of equities and bonds in their retirement portfolios. Fixed index annuities offer lifetime income opportunities that are attractive to both spouses seeking safety during times of limited financial security. The universal appeal of upside gains, loss protection and lifetime income fueled a 33% rise in fixed annuity sales from 2012 – 2014, while sales of variable annuities fell 5% during the same period, according to figures from LIMRA...

Read More

Insured Contracts Reward Indexes’ Gains, Protects Against Losses

Index-based annuities offer growth potential, loss protection and customization suitable for qualified retirement plans. Investors have many possibilities by including index-based annuities as a part of their retirement plans. In a best-of-many-worlds scenario, consumers can realize gains, protect against market volatility-induced losses, specify the time horizon of their exposure, and enjoy distributions that can’t be outlived, all with the issuing insurance company managing the overall risk. Index-based annuities provided by insurance companies present retirement-seeking investors many of the upside possibilities without direct exposure to the volatility of the market, in contrast to equity-based assets. Additionally, investors have the opportunity...

Read More