Bonds and market investments aren’t the only assets with the potential to generate higher income right now. Annuities are also offering bigger payments than they were in years prior. Annuity returns are based on market interest rates. Given that interest rates just recently reached their highest level since 2001, overall conditions are favorable for purchasing […]
How Higher Interest Rates Impact Annuities Read More »
A “solo ager” is a person who, upon retirement, has no family or close friends in their immediate vicinity. Growing numbers of Americans, whether single, widowed, or divorced, live alone, making solo agers more prevalent. Furthermore, many are childless or have adult children who live far away, leaving them on their own. If this applies
Are you a “Solo Ager”? Here Are Some Things to Consider Read More »
You’ve left your 9-to-5 job and are enjoying retirement. However, if you retired early, your Social Security check may no longer be adequate. Perhaps you need to support your adult children or your grandchildren. During retirement, life can often become more expensive than it was before. And, certainly, many of the financial obligations you had
Methods of Generating Extra Income in Retirement Read More »
If you’re looking to retire before 65, or are forced to retire following health difficulties, downsizing, or family circumstances, what will you do for health insurance until you qualify for Medicare? Many Americans retire before reaching the age of 65, whether by choice or need. And health insurance for these early retirees is frequently more
Retiring Before 65? Here’s What You Need to Know Read More »
Retirees must make the most of all the tax breaks that they can. This is especially true for those living on fixed incomes. Every penny matters, you have to make it last. But it’s not always easy to hang onto your money in retirement. It’s not hard to overlook significant tax savings chances, or financial
Tax Breaks For Retirees in 2024 Read More »
With tax season rapidly approaching, we thought we’d remind you what you can do to prepare to file your 2023 federal tax return. The IRS has actually taken steps to help with this. Visit the IRS website to get access to information like steps you can take to make filing easier. We care about you
Preparing For Tax Season Read More »
Believe it or not, many Americans choose to continue work in some regard during their retirement. It may seem oxymoronic, but having a part-time retirement job could be a viable method of generating more retirement income. Remember: if you’re generally healthy and suffer from no chronic illnesses, your life expectancy could be as high as
Benefits of a Retirement Job Read More »
How much money will you need in retirement? How much income will you need each year? As you approach retirement, you will want to evaluate your options when it comes to income sources. You will receive income from Social Security benefits, as well as possibly retirement account distributions or a pension. One popular strategy for
The $1000 Rule and the 4% Rule Read More »
You’ve probably heard that it’s very important to save up as much as you can for retirement, so you don’t end up overly dependent on Social Security once you retire. Even if you get the maximum out of Social Security benefits, they’ll only replace around 40% of your pre-retirement earnings. And many seniors need more
What You Need to Know About 401(k)s Next Year Read More »
September 30th was the final day before government funding expired. Thankfully, a last-minute agreement was passed by the House and Senate to keep it funded through to November 17th, narrowly avoiding a government shutdown. But, what happens when November 17th comes around? And how will it affect you, as a retiree or pre-retiree? What can
What Would a Government Shutdown Mean For You? Read More »
*Backed by the claims paying ability of the carrier.
**Fixed Index Annuity products can provide a reasonable rate of return over time.
By contacting Donald L. Retallick III, FL Insurance License #P109239 / Retallick Financial Group, FL Lic. #L096591, you may be offered information regarding the purchase of insurance products, including fixed index annuities and life.