The best tax-sheltered investment vehicles depend on your financial goals, income level, and tax situation. Here are some of the most effective options: Retirement Accounts (Tax-Deferred or Tax-Free Growth) Health & Education Accounts Insurance-Based Vehicles Real Estate & Alternative Investments Business & Trust Structures Each of these vehicles has specific rules, contribution limits, and tax… Read More The Best Tax Shelters
In today’s digital age, where personal information is frequently shared and stored online, the risk of identity theft looms large. Identity theft occurs when someone gains unauthorized access to your personal data and uses it for fraudulent purposes, often resulting in financial loss and damage to your reputation. With cybercrime on the rise, it’s more… Read More Insurance Basics: Identity Theft Protection
You’ve shopped around for whole life insurance and have found a policy that yields the best benefits for your family, from funeral preparations to aiding in supporting them for years to come. However, you may not be aware that there are some ways you can reap the benefits of your life insurance policy during your… Read More 4 Ways Your Life Insurance Policy Can Benefit You While You’re Living
Having at least a basic insurance plan is essential for anyone. While many jobs cover your insurance needs, not all of them do. It’s important to figure out what insurance plans you need and what works best for you and your family. Choosing an insurance plan can be complicated, so when doing so, try to… Read More Back to Basics: 9 Common Insurance Mistakes to Avoid
Not much in life comes with a guarantee – annuities are an exception. These insurance contracts will guarantee you a fixed income stream in retirement. When it comes to purchasing an annuity, your current age and relation to retirement can make a big difference. However, the best age for purchasing an annuity depends on your… Read More Timing Is Everything: When’s the Right Time to Buy an Annuity?
From setting aside a portion of your earnings each year to investing for a long-term horizon, saving for retirement is a fairly straightforward concept. Once you reach your retirement date and begin drawing income from your savings, however, things begin to feel more complex and, at times, uncertain. Annuities can provide longevity insurance by protecting… Read More Thinking About Income in Retirement? An Annuity Might Be the Way to Go
Life insurance policies can offer different benefits to different people, depending on where they are in life. Term and whole-life insurance are just two types of life insurance that people can use to protect their loved ones from a variety of expenses they may not be able to take care of on their own. Learn… Read More Choosing Between Term and Whole Life Insurance: Which Is Right for You?
You may already be aware of the importance of having enough life insurance coverage to handle financial matters that could affect your family in the event of your death. However, determining the appropriate amount of coverage for your family can be complicated. Rather than using an arbitrary formula, such as having enough coverage to equal… Read More Life Insurance: How Much is Enough?
Keith Weiss CFP® 