According to the U.S. Census Bureau, The average American who is 65 or older retires on an income of $36,895 or less per year. For many people, this can be a challenge to make ends meet. - Conquer Your Financial Future Book
The performance of investments fluctuates over time and, as a result, the actual time it will take an investment to double in value cannot be predicted with any certainty.
Many people sacrifice return for safety, and other people sacrifice safety for return. Indexing brings together the best of both worlds
Assets in your name may be subject to estate tax, probate & lawsuits. For example, the assets could be 401Ks, IRAs, Roth IRAs, 403Bs, Annuities, Bank Accounts, and Your Home
We are more likely to get sick before we die. A Chronic, Critical or Terminal Illness could devastate your retirement savings. Beyond 100 days, Medicare pays $0 for Long-Term Care services.
There is a risk of paying income tax. This can take a significant chunk out of one's retirement savings. Be sure to plan ahead and consider this when budgeting for retirement.
Types of Retirement Income
Tax-deferred status refers to investment earnings—such as interest, dividends, or capital gains—that accumulate tax-free until the investor takes constructive receipt of the profits.
The term “tax-advantaged” refers to any type of investment, financial account, or savings plan that is either exempt from taxation, tax-deferred, or that offers other types of tax benefits.
Familywise is proud to be an Affiliate of HGI, a financial services company that has leveraged its expertise in marketing and distribution systems to bring together the best products and companies - creating solutions with unparalleled results. By combining world-class services with their unmatched competitive advantage in this dynamic marketplace, they are now able to offer incredibly valuable packages for clients seeking optimal outcomes.
Do you know which solution is best for you?
With all the options available to you, it's hard for a person in your position not have any idea what they should do. Luckily we're here with some advice on how best handle this situation - and what will work out well long-term!