Retirement
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How Much Does a $500,000 Annuity Pay Per Month?
A $500,000 annuity would pay you approximately $3,073 per month if you purchased the annuity at age 65 and began taking payments immediately.
Individual Retirement Accounts (IRAs)
An IRA is an account set up at a financial institution that allows an individual to save for retirement with tax-free growth or on a tax-deferred basis.
How Many Roth IRAs Can I Have?
There’s no limit to the number of Roth IRA accounts you can have, but your contributions must stay within the annual limit across all accounts.
What is the Social Security Disability 5 Year Rule?
The Social Security Disability 5 Year Rule eliminates the required waiting period to receive disability benefits for individuals who were previously entitled to benefits, ceased collecting them, and again become unable to work any time within 5 years.
Annuity vs. 401(k): Key Differences Compared
When comparing an annuity vs. 401(k)s the primary difference is a 401k is designed to accumulate savings and annuities generate lifetime income.
The Power of 403(b) Plans: Building a Secure Retirement
A 403(b) plan is a retirement plan offered by public schools and certain tax-exemt charities. In general terms, it is a school teachers 401(k).
Understanding What Happens During a Recession: Effects and Strategies
A comprehensive guide explaining what happens during a recession and steps you can take to prepare.
Are Interest Rates Going Up or Down?
It appears the trajectory of interest rates is heading downward entering the second half of 2023.
What is the 59 1/2 Rule? Understanding IRA Withdrawals
The 59 1/2 rule applies a 10% penalty tax to withdrawals from an IRA or annuity before age 59 1/2.
Can I Retire at 60 with $500K?
How Much Do I Need to Retire at 60? Are you approaching your 60th birthday with a nagging question on your mind – can I retire comfortably at 60 with
States that Don’t Tax Retirement Income
There are 12 states that don’t tax retirement income at all. In 2023, 37 states don’t tax social security benefits and 14 states that don’t tax pensions.
What is an IRA Annuity? | Annuities vs. IRAs
An IRA Annuity is a conservative investment that allows you to grow your retirement nest egg in a safe and secure way while providing tax deferral.
Understanding the SECURE 2.0 Act of 2022: A Comprehensive Guide
Summary of SECURE 2.0 Act Changes You Want to Know As we begin 2023, the SECURE 2.0 Act is set to become one of the most talked-about legislative measures affecting
Charitable Gift Annuities – The Definitive Guide in 2023
A Charitable gift annuity (CGA) is a contractual agreement between a donor and a charity in which the donor makes a single gift to the charity in exchange for guaranteed lifetime payments.
6 Annuitization Payout Options & How They Work
Annuitization is the process of converting a lump sum into an income stream guaranteed for life or a certain number of years (payments begin immediately).
How to Calculate How Much Money You Need to Retire
How Much Do I Need to Retire? According to Fidelity Investment’s Retirement Mindset Study, only 18% of Americans have a comprehensive written retirement plan. In this guide, we’ll walk you