By Orlando McCall Many seniors who contact me about their retirement goals are having trouble creating a sensible financial blueprint to ensure they don't run out of cash when they no longer work. Perhaps you've experienced this same frustration. You think you are doing everything right, paying off your debts, setting aside emergency funds, and [...]
By Orlando McCall As our economy continues its downward trajectory, the days of endless yield-chasing may end. In such economically uncertain times, individuals seek financial instruments that offer stability, security, and cash preservation. One financial tool that many pre-retirees and retirees choose is a multi-year guaranteed annuity or MYGA. MYGAs are one of several [...]
by Orlando McCall You give an insurance company a specified amount when you buy an annuity. In exchange, the insurance company pays that money back to you in payments. Modern annuities give you numerous choices and a good deal of customization options. One popular annuity option is the period certain life annuity. A period-certain annuity [...]
Should a younger investor consider buying an annuity? When they align with a person's risk tolerance and financial goals, annuities can be powerful additions to anyone's investment portfolio, even those many years away from retirement. If you value moderate, steady growth with guaranteed protection of your principal or are concerned you'll outlive your savings; an [...]
By Orlando McCall As you probably know, a 401(k) is a tax-deferred retirement account you can either get through an employer or on your own. You contribute money to the account in employer-sponsored plans, usually via a regular deduction from your paycheck. With a traditional 401k plan, your taxes on earnings are deferred until you [...]
