POSTS TAGGED : retirement planning

Michael Wolfe on Building Long-Term Financial Security – Key Retirement Strategies

A trusted advisor and martial arts trainer in Greenville, SC, Michael Wolfe brings decades of experience in financial services and community leadership. Since 2013, he has worked at Edward Jones, where he specializes in guiding individuals and nonprofits through comprehensive estate and legacy strategies. His expertise is backed by a strong academic background, including a PhD in history of religion from the University of Virginia and business leadership training from Duke University.

Retirement planning

In addition to his financial advisory role, Michael is a fourth-degree black belt and offers martial arts instruction to adults and children in Greenville. His holistic approach to discipline, planning, and personal growth positions him as a respected voice in financial planning and retirement strategy.…

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The Benefits of Index Annuities for Retirement Planning

Planning for retirement is crucial for securing your financial future. One option is investing in index annuities. Index annuities are insurance products that offer a unique blend of growth potential and protection for your retirement savings. This article explores the benefits of index annuities and their role in helping you lead a comfortable retirement.

Retirement planning

Guaranteed Income for Life

A significant advantage of indexed annuities is receiving a guaranteed lifetime income. After you retire, you receive regular payments for your lifetime. It provides peace of mind since you will receive a steady income to cover your living expenses in retirement.

Protection of Principal

Index annuities also offer protection for your principal investment.…

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What You Should Know about Investing In Gold For Retirement

For a lot of us out there, retirement might seem like a long way away.  Maybe it’s not on our radar yet, or maybe it just doesn’t seem feasible to set aside money each paycheck at the moment – no matter the explanation for it, it’s understandable.  Especially when we’re in our early-to-late twenties, it feels like we’ll be stuck working forever.

Gold investing for retirement

Honestly, these days, that feeling is getting even stronger.  With worries of social programs like social security and pensions dissipating thanks to legislature changes, well…it’s more important than ever to start worrying about this stuff, though.  There’s not really a guarantee that we’ll still be able to collect social security checks once we reach retirement age.…

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Catching up from COVID

Business owners lost ground on retirement in the pandemic; cash balance plans may help them recover

Business discussion on cash balance plans and retirement planning

The COVID-19 pandemic and lockdown wreaked havoc on businesses, as closures, labor shortages and supply chain constraints cut into revenues and profits. Businesses that have recovered are reassessing their retirement plan strategies and goals.

A recent survey from TD Wealth Management[1] found that nearly two-thirds (65%) of business owners surveyed made meaningful changes to their retirement plans in the past 12 months, including their asset allocation (31%), postponing retirement (30%) and lowering contributions (30%). Today, many are seeking out advice on how to make up lost ground creating an opportunity for financial advisors.…

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Strategic Retirement Planning for Small Business Owners Who Want to Retire Early

There’s no denying that small businesses played a vital role in upholding the U.S. economy during the pandemic by providing essential products to consumers and employment stability to workers. Despite their critical efforts to retain normalcy, business owners endured difficult setbacks during the past few years, facing significant economic challenges. In the third quarter of 2022, only 33% of small business owners described business conditions as “good.”

Busy senior businessman working on a retirement plan

Accordingly, the number of owners who plan to retire earlier than expected has climbed 100% since 2020. It’s hard to blame small business owners, but there are several problems with this massive increase. For starters, an estimated 34% of small business owners don’t have personal retirement savings plans.…

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Best Pension Plan For Your Retirement

Choose the correct pension plan by using this unique tool

Retirement planning

Retirement planning is a critical component of an individual’s financial preparation. It is vital to save enough money for your future to provide for your family’s requirements without relying on others once you retire. It would be tough to maintain your lifestyle after retirement if you have no savings or investments.

Even if you save money in a bank account in the future, the inflation rate may lower the amount and value. As a result, it is critical to identify and select a suitable pension scheme that will assist you in building your corpus without having to worry about the variable inflation rate.…

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IRAs And Investment Companies Or Custodians Go Hand-In-Hand

Investors have many options for saving funds to carry them into a successful retirement. The ideal strategy will involve investments with long-term returns, but only certain assets have that capacity.

Investment company meeting

It takes self-education and thorough research to discern which ones will take what starts as a nest egg and turn it into a lucrative future.

A prime example of a longer-term choice is an individual retirement account or IRA. Unless you want to have tax repercussions and hefty penalties, you cannot touch the assets in these accounts until you reach retirement age.

There are different kinds, including the standard and self-directed as sort of the umbrella “labels” under which there are varied options like traditional and Roth, among others.…

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5 Tips For Choosing A Precious Metals Company

When you decide to build your retirement portfolio, you will need to think about the assets that you want to add to it. For a long time, people have relied solely on the traditional options, i.e. the options of investing in stocks and bonds. While those solutions are still quite good and while you definitely shouldn’t ignore them, the truth is that you now have a few more options to consider.

Precious metal IRA

In simple words, you can now add precious metals to this portfolio. The fact that this option is now available has led to the emergence of Noble Gold and many other companies that are there to be your partners in this investment process.…

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Steps The Self-Employed Need to Take To Save for Retirement

There are tons of perks to being self-employed, but they come at the cost of certain benefits others take for granted. One thing that people working for a boss have is a 401(k). This does not relieve them of the need to think about saving for retirement, but it does give them a foundation. When self-employed, you need to take all your own steps to save for retirement.

Retirement savings

photo credit: Rawpixel

If you’re not yet saving for retirement, now is the time to start. The longer you put it off, the more at risk your retirement becomes. To help you get going on your retirement savings plan, here are some steps you should take as soon as possible.…

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Retirement Planning for Habitual Expatriates

All individuals need to plan and save for their retirement to ensure a secure and comfortable retirement. However, retirement planning becomes all the more necessary and complicated for habitual expatriates.

Habitual expatriates

Habitual expatriates move from one country to another and switch jobs more frequently than others. Thus, with different retirement systems and policies in different countries, habitual expatriates must plan their retirement with extensive foreknowledge to receive as much coverage, tax benefits, and sustainability as possible.

Challenges Faced by Habitual Expatriates

Habitual expatriates are required to put extra thought into their retirement planning due to their ever-changing locations and lifestyle. Their guiding rules and regulations also keep changing with their country, and so do their pension schemes.…

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