One of the biggest mistakes consumers make is in the area of IRA rollovers. Typically, when this happens, paperwork is generated by the trustee of the plan so the funds may be rolled over to an IRA. A rollover may be done once per year, and, if done correctly, it may be done tax- free. A person can roll money into an IRA while still employed.
Annuities represent as much misunderstanding as any product or service in the financial services industry. The primary reason is that no two situations are exactly alike, as no two person’s level of risk tolerance and suitability are exactly alike. For this discussion, we would like to focus on different types of annuity settlement options and definitions to try and clear up as much of the maze which clouds today’s landscape. learn more about
Life Insurance is one of those subjects that conjure up the need to take a Zantac primarily because it reinforces the adage that the only thing certain is death and taxes. Nobody likes to talk about mortality, especially his own, but it is a subject that needs to be addressed by all people. Even though needs may change, the need for owning life insurance does not. In this article, I am going to discuss three scenarios regarding life insurance, single people with no dependents, married people with dependents, and an older couple (empty nesters) with a need for insurance due to having an estate tax liability. more about life insurance
