January is a good time to reassess your financial situation, including taxes. The first step is to estimate your 2018 federal and state income taxes. Once you understand what’s driving your taxes, you’re in a good position to take action to minimize them so you can save more for retirement. Despite a reduction in overall… Continue reading Cut Your Taxes in 2019 and Beyond
Tag: tax-deferred annuity
Longevity Insurance Is Underused in Retirement Planning
More people are living into their late 80s, 90s and even past 100. But longevity isn’t so great if you run out of money. To avoid that risk, you can buy longevity insurance. It’s a special kind of deferred annuity that assures you’ll have a guaranteed income forever, even if you live to 100 or… Continue reading Longevity Insurance Is Underused in Retirement Planning
Tax Deferral and Guarantees Make Annuities a Compelling Way to Save for Retirement
If you’re contributing the annual maximum to your IRA and/or 401(k) plan, you’re ahead of most people. But tax-qualified contributions alone will probably not give you what you’ll need for retirement. Tax deferral is a powerful tool in saving enough to meet your retirement goals. And that’s why tax laws encourage people to use both… Continue reading Tax Deferral and Guarantees Make Annuities a Compelling Way to Save for Retirement