We’ve been asked what a variable annuity and a fixed annuity are. What are the differences between them? Essentially: A variable annuity’s value is based on the performance of a portfolio of sub-accounts; it offers the opportunity for higher returns and greater income than a fixed annuity, but there’s also a risk that the account […]
Types of Annuities: A Rundown 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 »
In 2022, social media-based scams cost Americans a total of $1.23 billion, a 54% increase since 2021, according to the Federal Trade Commission. Typically, these sorts of scams start with someone claiming to be a mutual acquaintance of someone you know, or relative. Then, they either ask for financial assistance, or claim they can offer
Don’t Take the Bait Read More »
Friends and colleagues who are approaching 65 are beginning to ask about Medicare benefits. Not just how to sign up, but what to select from among the various choices. The good news is, 94% of Medicare beneficiaries age 65 and up are satisfied with their quality of care. The not-so-good news is that the government
Paying For Medicare 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 »
The phrase “pension benefits” has come up a lot in recent weeks, especially during the negotiations between the United Auto Workers union and the “big three” automotive manufacturers, narrowly avoiding a strike. But for the majority of private-sector U.S. workers, pensions seem to have disappeared a long time ago. Pensions have been phased out, but
What is a Pension? Do You Have One? Read More »
Did You Hear? According to LIMRA, annuity sales are on the rise yet again this year, after also breaking records last year. Investors building their retirement strategy looking to mitigate some risk have chosen to lock-in annuities–How smart is this choice? Well, there’s definitely a reason they’ve been selling recently. Reach out to us to learn
We’ve previously discussed different types of scams you should be looking out for. This week, we wanted to bring yet another one to your attention. You might get an email claiming to be from someone with the Social Security Administration, a message along the lines of “Due to suspicious illegal activity detected during our investigation,
An Email Scam Going Around 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 »
Did you know that the older you are, the more susceptible you are to telephone or internet fraud? One of the most common tricks scammers use is impersonating a child or grandchild, asking you for financial assistance. According to the FBI, Americans lost over $10 billion to scams last year. While people in their 30s
An Important Warning Read More »
Donald L Retallick III
FL Insurance License # P109239
Retallick Financial Group
Florida Lic. #L096591
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