The durable power of attorney is a legal document that allows a trusted person to act in your place if you’re incapacitated. If you are unable to act on your own due to an accident… Read More
What Is A 1035 Exchange & How Can It Save You Money On Taxes?
A 1035 exchange is a provision in the tax code that allows you as a policyholder to transfer funds from a life insurance endowment or annuity to a new policy without having to pay taxes…. Read More
What Is Dollar Cost Averaging & How Can It Be Used To Take Advantage of Market Volatility?
Dollar-cost averaging is a stock market investing technique where you buy a fixed dollar amount of a particular investment on a regular schedule, regardless of the share price. More shares are purchased when prices are… Read More
What Is A FICO Score & How Is It Calculated?
A credit score is a three-digit number based upon a number of factors from your financial activities. It is used to determine your creditworthiness for a mortgage, auto loan or credit card. A company called… Read More
How Are Your Social Security Benefits Calculated?
We all think we know the basics about Social Security, but do we really know how different the benefits can be? The standard retirement age is between 65 and 67, depending on your birthday. Your… Read More
Reverse Mortgage: Is It Right For You?
In a regular mortgage, you make monthly payments to the lender, in a reverse mortgage, you receive monthly payments from the lender and generally don’t have to pay it back for as long as you… Read More
Demystify MEDICARE (With Transcription)
[00:00:00] Most Americans who turn 65 are eligible for Medicare, a federal program that covers many health expenses for seniors, but the program is complicated. Here are five important facts you need to know. First,… Read More
When Does A Roth Conversion Make Sense?
With a traditional IRA, you save by getting a tax deduction when you invest your money, but later when you take the money out in retirement, all those distributions are taxed. The Roth IRA is… Read More
When Are You Required To Take Money From Your IRA & How Is It Calculated?
What are the required minimum distributions and how are they determined? Beginning at age 72, You must begin to withdraw money from your retirement accounts every year. The amount is determined based on your life… Read More
What Is The Number One Silent Killer In Retirement Plans? RETIREMENT
The medical profession refers to high blood pressure as the silent killer. In investing, the silent killer is inflation. The minimum return on any retirement investment must be at least equal to inflation. Here’s why…. Read More
