America’s high court just struck down the latest challenge to Obamacare. Here’s what you should know.
Learn the difference between these two types of life insurance policies and discover which one may be right for you.
With interest rates inevitably heading higher in the future, are bonds a good investment in retirement?
If the only income you had during the year was Social Security income, then your benefit generally isn’t taxable.
Some people think Social Security is just a retirement program, but in fact there are other benefits, including disability and death payouts.
MYTH #1: Social Security benefits will provide most of the income you need in retirement.
Will vs living trust? It all depends on what you are trying to accomplish.
This is the one legal document everyone over 18 should have.
Many adults do not understand why setting up a will should be a priority for them. I will help clear up this confusion with 4 reasons to get a will now.
We give you the facts from the IRS, PLUS 6 benefits of participating in your 401k plan at work.
If your goal is to accumulate money for a grandchild (or a child), both options are good, but let’s look at the pros and cons of each strategy.
Is it possible to achieve both of these goals in today’s economic environment?
When it comes to your financial plan, it is important to understand the difference between “Qualified” money and “Non Qualified” money.
Here are five key things you should know when starting a Roth IRA.
Improve Credit Report: 3 Steps to Take Now. First, how can I correct errors on my credit report? Under the Fair Credit Reporting Act, you have the right to have any incorrect or misleading information removed from your credit report.
Although most of us recognize the importance of sound retirement planning, few of us embrace the nitty-gritty work involved. With thousands of investment possibilities, complex rules governing retirement plans, and so on, most people don’t even know where to begin. Here are four suggestions to help you get started.
So exactly what are Required Minimum Distributions? Also known as RMDs, these are government imposed withdrawals that you are required to take at age 70 ½. Learn more here.
If you lost your job, how much will you need to pay your regular monthly expenses?
Is it better to save your extra cash or pay off debt? To answer this question, you must decide how your money can work best for you.
The old financial adage is there are only two ways to make money. Either go out and earn more or cut your expenses so that you spend less. The best is if you can do both. So today, I thought I would share some thoughts on cutting expenses.
So by using the combination of a guaranteed income investment, life insurance, and a trust, we were able to give not just part, but ALL of the inheritance to the family and the charity. And the best part: Not a dime went to Uncle Sam!
Did you know that one of our U.S. Presidents did not have a will when he passed away?
Single people with no children often don’t need life insurance because no one is relying on their income. But there are some reasons why you might need life insurance if you’re single.
An all too common retirement planning mistake is going it alone. This usually results in missed investment opportunities, sloppy planning, and lax savings schedules. Enlisting the help of a financial planner is a smart move at any age to avoid retirement planning pitfalls.
Inflation is the biggest risk to any retirement savings plan, and woe to any retiree who underestimates its effects. Inflation is the increase in the money supply, which results in a sustained increase in the price of goods and services over time. Most experts agree that retirees need to assume an annual inflation rate of 3-4%, but a good retirement plan should account for periods of high inflation as well.
One of the biggest mistakes people make is waiting until their 50s or 60s to start planning for retirement. Waiting this long typically means that more sacrifices will have to be made and sometimes these sacrifices can be hard to bear.
A common investment pitfall is spending far too much time trying to pick individual stocks that will increase in value. It’s much more important to understand proper diversification.
This week, John Bearss shows you a 401k strategy that leads to early retirement. Many investors fail to take full advantage of their employer’s contribution matching, which is just about the same as throwing away money.
Do you desire an early retirement? Today, I want to share with you a savings strategy that leads to early retirement. This strategy is simple to say, but can be harder to follow.
Should you go out and buy life insurance as you near retirement? The answers depend largely on your particular circumstances.
“Should I choose a single life annuity payout from my pension or a joint and survivor annuity payout, which will make payments to my spouse when I die?”
Estate planning allows you or anyone to implement certain tools now to ensure that your concerns and goals are fulfilled after you die.
To reduce or eliminate the taxes on your social security income, you first need to understand the term “Reportable Income”. This is the total of all your incomes that is required to be reported to the IRS on your tax form.
We recently got this question from an FTMWeekly radio listener: “I forgot to make my IRA Contribution for tax year 2011. Is it too late to make the contribution now?” NO. Here’s why…
It is no secret that the cost of a college education continues to soar. But, by planning ahead you can determine which of several creative methods will work best for you. Some people will choose the 529 College Savings Plans that are available while others will choose using a cash value life insurance policy to help pay for these cost.
The Medicare open enrollment period is now here and this is the time during which people with Medicare can make new choices and pick plans that work best for them. Here’s four questions to be asking now.
Here’s three tips to reduce your taxes in 2012. Now that October has arrived, I would like to challenge you to take this month and start planning for how you are going to reduce your taxes in year 2012. Your CPA can be a good source to help you with this planning by suggesting different tax benefits that you can implement.
If your Roth IRA has sustained losses as a result of the recent market downturn, you may want to consider whether it makes sense to undo your conversion. Here’s what you need to know.
In this week’s Financial Strategy segment, we’ll be joined by Retirement Specialist, John Bearss, in a special extended interview. Jerry will discuss with John the current state of retirement. Our discussion will include some key ideas and strategies for those nearing retirement to consider.
One of the main benefits of borrowing from your cash value life insurance policy is that the loan proceeds are generally not subject to income tax. But there are some caveats…