Call Us Today!  (972) 473-4700

Expert retirement income planning for families and individuals nationwide

The Top 7 Retirement Planning Ages & Why

Thursday, February 2nd, 2017 and is filed under Financial Planning Tips, Uncategorized

Retirement Planning Birthdays You Don't Want to MissWhen planning for retirement, there are ages, or birthdays, that matter more than others and can make or break your portfolio. This is because of IRS rules and penalties like contribution limits, early withdrawal penalties, and eligibility ages, just to name a few of the items among the cumbersome and extensive Title 26 of the United States Code, commonly known as the Tax Code.

The retirement planning ages that you really need to be aware of are 50, 59-1/2, 62 + one month, 65, 66 or 67, 70, and 70-1/2. If you incorporate these ages into your retirement plans, it could substantially help increase your nest egg as well as your retirement income in your golden years. Read More

2016 Retirement Plan Deadlines You Can’t Afford to Miss

Monday, January 11th, 2016 and is filed under Financial Planning Tips, Uncategorized

Retirement Plan DeadlinesRetirement planning, while necessary, can be extremely overwhelming. With so many moving pieces and parts that make up the core of your strategy, staying on track takes a significant amount of time and attention to detail. Missing a retirement plan deadline or cutoff may not seem so significant in the present, but a few skipped contributions or enrollment periods can severely impact the success of your financial position in retirement. In order to make the most of what a new year can mean for your future, these nine retirement plan deadlines in 2016 should be at the top of your to-do list. Read More

Consider a longevity annuity for a long retirement

Monday, November 9th, 2015 and is filed under Annuity News, Retirement Income Annuities

Longevity AnnuityPreparing for retirement can be confusing, overwhelming, and stressful. After all, there’s no way of knowing what the future may bring, and the planning process with this in mind can be a true challenge. No matter how diligent you are with savings and retirement accounts, if you outlive your life expectancy, you may find yourself short on money without anywhere to turn.

In order to make sure you have the support you need later in life, a retirement income generator that will pay out far in the future when you need income most can be a strong asset. Annuities are frequently favored for this option, providing steady payments in regular amounts long after your last paycheck has been deposited. If you are hoping for a long life and are worried about outliving your assets, a qualified longevity annuity contract may be the solution you’ve been looking for. Read More

Understanding the 59 1/2 Rule for IRA Withdrawals

Wednesday, July 1st, 2015 and is filed under Financial Planning Tips, Uncategorized

59 1/2 RuleRetirement accounts come in many forms and offer numerous benefits, ranging from tax breaks to tax-free growth throughout the formative years of your career. Individual Retirement Accounts, better known as IRAs, can provide extensive advantages after the conclusion of employment. Millions of Americans take advantages of IRAs, but this doesn’t mean that they understand how they work.

Many people believe that once retirement hits, retirement accounts are accessible free and clear. This, unfortunately, isn’t the case. There are many rules that govern access to IRA accounts, with age being one of the most important factors in distribution. Read More

QLACs Beat the Longevity Conundrum. And the IRS

Wednesday, July 30th, 2014 and is filed under Annuity News, Retirement Income Annuities

Qualified Longevity Annuity ContractLonger life expectancy and more years spent in retirement are two realities confronting the baby boom generation—and generations beyond. But longevity can be a mixed blessing. Saving and preserving a nest egg to last a lifetime—no matter how long one may live—is one of the most vexing challenges a retiree must contend with. Outliving accumulated resources is a very real threat.

Among the innovative ideas emerging over the last decade to address this challenge is a totally new retirement vehicle known as a “longevity annuity.” Enter the Internal Revenue Service. In February 2012 the agency published proposed regulations outlining the contours of this new annuity contract: the “qualified longevity annuity contract (QLAC).” Purchased with traditional IRA or other retirement plan assets, QLACs disperse benefits with start dates far beyond the typical ages of 65 or 70½—strategies that tax law didn’t previously allow. Think of the QLAC as a life annuity with a deferred start date. Read More

Is Obama a retirement expert too?

Monday, May 6th, 2013 and is filed under Retirement Income Annuities, Videos

Government SolutionsAccording to recent reports, the proposed budget by the Obama administration contains plans to limit the size of your IRAs. Apparently, President Obama believes he knows better than you do how much money is a “reasonable” amount to fund your retirement.

Meanwhile, this administration continues to spend money far beyond what most Americans consider to be reasonable on a daily basis. Read about Vice President Biden’s recent trip to France in my full article here!

You may be wondering, “Why would the government want to limit how much I can put in my IRA?” The answer is simple….tax revenue. Read More

Obama Budget Caps IRAs at $3 Million

Thursday, April 11th, 2013 and is filed under Retirement Income Annuities, Uncategorized

It is being reported by The Hill, U.S. News, Bloomberg and other reputable news sources that President Obama’s soon to be released budget proposes a $3 million “limit” to the amount an individual  can put aside in tax deferred retirement savings like 401Ks and IRAs.

In a recent article posted on The Hill titled, “Obama budget to take aim at wealthy IRAs“, a senior administration official stated, “wealthy taxpayers can currently ‘accumulate many millions of dollars in these accounts, substantially more than is needed to fund reasonable levels of retirement saving.'” Let that sink in for a moment, “substantially more than is needed to fund reasonable levels of retirement saving.” Read More