Retirement Planning
Planning For A Secure Retirement
Today, a majority of your retirement income will likely depend on your own resources. More retirees than ever before receive benefits from Social Security and employer-sponsored retirement plans, but the role of these two sources of income is expected to decline in the future. Many employers are cutting back on retirement benefits or are no longer offering pension plans.
But, with some advance planning you can make your retirement more comfortable and a first step toward this objective is to begin planning in earnest – today.
The professional life insurance representatives of Security Mutual Life can assist in the planning process. Together, you will determine how much income is needed to maintain your current lifestyle in retirement, typically between 67% and 90% of your pre-retirement income, and review and analyze the four primary sources of retirement income: Social Security, employer-sponsored pension plans, Individual Retirement Accounts and personal investments. If a gap exists between what is needed and what is available, then a plan can be formulated to help put your financial house in order.
Retirement planning is the only way to estimate the amount of money you will require in retirement in order to maintain your desired lifestyle. Starting early to plan for your retirement will make a big difference later on.
To get an idea of just how much money you would have to save, starting today, to retire at your desired comfort level, try out our retirement planner.
Changes to Your RMDs in 2022
Episode 157 – New IRS tables will impact required minimum distributions beginning in 2022. Learn how it could impact you here. Continue Reading Changes to Your RMDs in 2022
The Four Percent Rule Revisited
Episode 156 – The 4% Rule has been one of the standard models of retirement planning since the 1990s. The rule, however, has come under attack of late. A recent report by Morningstar indicates that the real number is more like 3.3%. What’s a retiree to do? Continue Reading The Four Percent Rule Revisited
Guaranteed Lifetime Retirement Income From Your IRA
Episode 153- Purchasing an annuity in your Traditional IRA will guarantee that you never outlive your retirement savings and provide you with a secure, stable and stress-free retirement. Continue Reading Guaranteed Lifetime Retirement Income From Your IRA
Recruiting and Retaining Great Employees with Retirement Benefits
Episode 149 – A retirement savings plan is one of the most important benefits you can provide your employees. But with so many different plans to choose from, how do you determine the right plan for your business? Continue Reading Recruiting and Retaining Great Employees with Retirement Benefits
Complete Your Retirement Savings Strategy With Life Insurance and Annuities
Episode 148 – An independent study concludes that the best retirement savings strategy includes permanent life insurance, such as whole life, and deferred income annuities with increasing income potential. Continue Reading Complete Your Retirement Savings Strategy With Life Insurance and Annuities
Build Back Better Tax Proposals – Part 3: Retirement Plans & Corporate Taxes
Episode 146 – The House recently released its tax proposals to fund the $3.5 trillion Build Back Better Act. Many provisions will impact high-income, high-net-worth individuals and small-business owners. We have created a three-part podcast series summarizing these provisions to help you consider how they may affect your financial objectives so you can start preparing for change while there is still an opportunity to do so. In this Part 3 episode, we’ll cover the proposals that affect retirement plans and corporate taxes.
Continue Reading Build Back Better Tax Proposals – Part 3: Retirement Plans & Corporate Taxes
Build Back Better Tax Proposals – Part 2: Estate & Gift Taxes
Episode 145 – The House recently released its tax proposals to fund the $3.5 trillion Build Back Better Act. Many provisions will impact high-income, high-net-worth individuals and small-business owners. We have created a three-part podcast series summarizing these provisions to help you consider how they may affect your financial objectives so you can start preparing for change while there is still an opportunity to do so. In this Part 2 episode, we’ll cover the proposals that affect estate and gift taxes. Continue Reading Build Back Better Tax Proposals – Part 2: Estate & Gift Taxes
Build Back Better Tax Proposals – Part 1: Income Taxes
Episode 144 – The House recently released its tax proposals to fund the $3.5 trillion Build Back Better Act. Many provisions will impact high-income, high-net-worth individuals and small-business owners. We have created a three-part podcast series summarizing these provisions to help you consider how they may affect your financial objectives so you can start preparing for change while there is still an opportunity to do so. In this Part 1 episode, we’ll begin with income taxes. Continue Reading Build Back Better Tax Proposals – Part 1: Income Taxes
The Two Ironies of Retirement Planning
Episode 134 – There are perhaps two great paradoxes about retirement that people don’t often recognize. The first is that in retirement, people live on income, not principal. The second is that for many people, their retirement fund is their favorite account while they are working, but their least favorite once they actually retire. Continue Reading The Two Ironies of Retirement Planning
Tax-Free Real Estate Exchanges
Episode 133 – Tax-free real estate exchanges have long been a favored technique used to defer capital gains taxes. How do they work, and are they still viable with tax changes coming? Continue Reading Tax-Free Real Estate Exchanges