Gather your current financial plan and evaluate your retirement goals. Do you think you will outlive your savings? If yes, text 408-854-1883 for our field underwriter to show you a plan. Do review your current plan with your family, advisors and other pros. Fixed Index Annuities are savings you wanted to keep for at leastContinue reading “401k to annuities plan worksheet”
Tag Archives: IRA
2015 Tax Amounts, your guide
Real Estate IRA Caveats
Investing in real estate inside an IRA comes with strict rules. Complication number one: Owning property in an IRA negates all the familiar tax benefits of owning investment real estate, says James Lange, a CPA and financial planner in Pittsburgh. You can’t deduct property taxes or mortgage interest or take advantage of depreciation. Aggravation numberContinue reading “Real Estate IRA Caveats”
Net Unrealized Appreciation and Qualified Retirement Plan Distributions
Often, individuals employed by large corporations have the option to invest some of their qualified retirement plan contributions (e.g., 401(k) contributions), as well as employer contributions, into their employer’s stock. If you believe in the long term prospects of the company, that may make sense as part of your asset allocation strategy. But what happensContinue reading “Net Unrealized Appreciation and Qualified Retirement Plan Distributions”
401(k) Plans Are Not Just For Big Businesses
A significant portion of the small business market consists of one person businesses. If you have a client whose business is a one person operation, s/he may be a perfect candidate for a Solo 401(k) Plan. A Solo 401(k) plan is a 401(k) plan for a one-person business and may offer your client an opportunityContinue reading “401(k) Plans Are Not Just For Big Businesses”
Type of Qualified Retirement Plan for high net income pros and business owners
Owner Goal Employees (Non-Owner) Plan Type Requirements Advantages Older Than Employees Maximize Contributions, Deductions & Benefits 0-4 Fully Insured Defined Benefit Plan, also known as a 412(e)(3) Plan Steady Profits: Business generates enough income to support ongoing plan contributions,. Plan funding required each year. Highest Possible Contribution, Deduction & Benefits. All Plan Assets HeldContinue reading “Type of Qualified Retirement Plan for high net income pros and business owners”
Early or Premature Withdrawals from IRAs
Taking money out early from your IRA may trigger an additional tax. Generally, amounts received from a traditional, SEP, or SIMPLE IRA are taxable distributions and must be reported as ordinary income for the taxable year in which they are received. If you are under age 59 1/2, any distributions received are considered early orContinue reading “Early or Premature Withdrawals from IRAs”
Conversion of Traditional IRAs to Roth IRAs
Roth IRAs (“Roth”) have been out of reach for many taxpayers because of income limitations imposed by the IRS. These same taxpayers have also been denied the ability to convert a Traditional IRA to a Roth IRA by a separate, but similar, income restriction. But the rules regarding conversion changed over time. Having the optionContinue reading “Conversion of Traditional IRAs to Roth IRAs”
Naming a Trust as Beneficiary of an IRA or Qualified Retirement Plan
As a participant in a qualified plan or the owner of an IRA you have many options in naming a beneficiary upon your death. Most often we think of our families – our spouses and/or children as the natural beneficiaries of our retirement assets. And much can be said in favor of naming your spouseContinue reading “Naming a Trust as Beneficiary of an IRA or Qualified Retirement Plan”
Retirement woes and stock market loses of 45-65 yrs olds
45 yrs old Saves $300 per month $50k yearly lifetime retirement income Sample numbers, save for 20 yrs, earnings for lifetime , returns 8-13% 55 yrs old Saves $500 per month $40k yearly lifetime retirement income Sample numbers, save for 20 yrs, earnings for lifetime , returns 8-13% At 45 yrs of age, youContinue reading “Retirement woes and stock market loses of 45-65 yrs olds”
More than 10 reasons why we need life insurance
Your greatest asset to protect is your life. As a mother and a life insurance agent, I want to show you why we need life insurance, not just for creating an immediate estate to my children in the absence of an inheritance as I am not rich at the moment. Connie Dello Buono CA LifeContinue reading “More than 10 reasons why we need life insurance”
Mutual Fund Costs
Costs are the biggest problem with mutual funds. These costs eat into your return, and they are the main reason why the majority of funds end up with sub-par performance. What’s even more disturbing is the way the fund industry hides costs through a layer of financial complexity and jargon. Some critics of the industryContinue reading “Mutual Fund Costs”
Crisis in Retirement Planning by Robert Merton
Corporate America really started to take notice of pensions in the wake of the dot-com crash, in 2000. Interest rates and stock prices both plummeted, which meant that the value of pension liabilities rose while the value of the assets held to meet them fell. A number of major firms in weak industries, notably steelContinue reading “Crisis in Retirement Planning by Robert Merton”