Taxes and Fees

Biggest Mistakes Couples Make

A successful marriage is all about communication. So, it make sense that the same can be said about a successful retirement. Retirement planning is tough enough, but when it comes to couples some of the biggest mistakes can be related to the lack of communications, according to the financial planners surveyed for the 2015 Fidelity…

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Five Things Retirees May Forget to Plan For

Rodney Brooks Retirement is tough enough, but it can be really tough for the people who did little or no planning. It’s tough enough even for those who do plan for retirement. After all, there is much to consider. Which means that there could be a possibility for some people to either forgot something or…

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Defer Taxes on a Lump Sum Payment in Retirement by Funding an Annuity

People who get lump sums of money for whatever reason don’t usually think of annuities as an option unless one is offered. Generally, it’s never recommended that you put all your eggs in one basket (or annuity), but if you’re dealing with a sudden lump sum, often an annuity can be a tax-efficient way to help protect your money.






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Estate Planning With Deferred Annuities in Retirement: Reducing Your Beneficiary’s Tax Burden

The government uses fair market value to assess the value of real property in your estate. The value of these properties and business holdings could push you into a taxable territory. Your heirs could run the risk of having to liquidate your assets to cover your tax bill. To avoid that, some choose to use deferred annuities and trusts to reduce their total taxable estate.






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Retirement Tax Strategies: How to Choose Between Qualified vs. Non-Qualified Annuities

Qualified annuities are purchased within a traditional IRA or with money from an IRA or 401(k), which means that contributions made are with pre-tax dollars and may be tax deductible in the year they are made. That might make qualified annuities sound more appealing, but that doesn’t mean you should never buy a non-qualified annuity because those types have their advantages as well.






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Are Fixed Index Annuities a Good Candidate for Your Retirement Plans?

A fixed index annuity is different from a regular fixed annuity because it allows for higher returns based on the performance of an index such as the Dow, Nasdaq or S&P 500. While these annuities do have their limitations with caps on earnings and fees for early surrender, they can allow certain individuals to combine the upside potential of the stock market index with the safety of an insurance product.






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