Retirement

DON’T OVERLOOK THE CONTRIBUTION LIFE INSURANCE CAN MAKE FOR RETIREMENT

October 6, 2017

DON’T OVERLOOK THE CONTRIBUTION LIFE INSURANCE CAN MAKE FOR RETIREMENT

Term Life Insurance

  • Immediate cash to cover expenses
  • Tax-free

Permanent Life Insurance

  • Can borrow from in retirement
  • Many have imbedded annuitization which can be turned into a guaranteed income stream for life
  • Some policies offer long-term care riders to use for long-term care

Watch the related WEALTHTRACK episode.

MAKE SURE YOU ARE WELL INFORMED ABOUT BOTH SOCIAL SECURITY AND MEDICARE BENEFITS

April 21, 2017

MAKE SURE YOU ARE WELL INFORMED ABOUT BOTH SOCIAL SECURITY AND MEDICARE BENEFITS

  • Get educated ahead of time
  • If you are already collecting, review your and your spouse’s benefits
  • Notify Medicare and Social Security if there is a change of circumstances to get benefits updated

Watch the related WEALTHTRACK episode.

DEVELOP AN ALTERNATIVE RETIREMENT INCOME SOURCE

March 31, 2017

DEVELOP AN ALTERNATIVE RETIREMENT INCOME SOURCE

  • Can tap during market declines
  • Avoid drawing down investment portfolio

ADVANCE PLANNING

  • Set up home equity line of credit
  • Establish reverse mortgage line of credit
  • Set up when conditions are favorable
  • Can use when they are not

Watch the related WEALTHTRACK episode.

HAVE A SAVINGS ACCOUNT SEPARATE FROM YOUR RETIREMENT ACCOUNT

September 23, 2016

HAVE A SAVINGS ACCOUNT SEPARATE FROM YOUR RETIREMENT ACCOUNT

Watch the related WEALTHTRACK episode.

SEE A FINANCIAL PLANNER TO DISCUSS GUARANTEED INCOME OPTIONS

April 15, 2016

SEE A FINANCIAL PLANNER TO DISCUSS GUARANTEED INCOME OPTIONS

GUARANTEED FOR LIFE INCOME

  • Immediate annuities
    • Payouts start immediately upon purchase
  • Deferred Income Annuities
    • Payouts start at a future date
  • Qualified Longevity Annuity Contracts (QLACs)
    • Approved in 2014
    • Used in IRAs, 401(k)s, approved retirement plans
    • Fixed Income Annuities
    • Excluded from traditional required minimum distributions
    • Can be deferred to age 85
    • Can be left to beneficiaries

Watch the related WEALTHTRACK episode.

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