As you consider the various options described in TIAA-CREF annuity, you need to remember that your situation is unique. From experience, we know that you will probably bounce ideas off people whom you know well, who know you, and certainly whom you trust. Beware, however, advice from a well-meaning friend who may have just made a decision and whose situation may be slightly or even significantly different from yours, but who feels confident that her choice is by far the best. (more…)

As the name indicates, a Supplemental Retirement Annuity (the “SRA”) operates as an adjunct to your Retirement Annuity. If your employer offers an Supplemental Retirement Annuity, you have the opportunity to augment your retirement stash on a tax-deferred basis through a salary deferral agreement, provided you are within the contribution limitations stipulated by law. Again, your benefits office will be able to advise you as to how large a percentage of your salary you may contribute to your Supplemental Retirement Annuity. Not all institutions offer the SRA. If your employer is one who does, try your hardest to take advantage of this feature of your employer’s plan. (more…)

Many people want to know where to get the best rates for: Roth IRA. In order to improve investment returns, there are no real answers specific to the place where you can find. But please take note that your Roth-IRA is not set up as an investment. Your Roth IRA is actually an investment vehicle. (more…)

If ever you want, you can modify or terminate a trust, you need a revocable trust. But this type of trust is not entitled to the assets of the estate, as the systems are still under his control. With a revocable trust, you pay income trusts and other assets subject to estate taxes in their death.

On the other side need to be absolutely sure your decision before an irrevocable trust. (more…)

Among the variety of retirement plans you can pursue, some qualify for tax deferral by the regulations of the federal government, and others don’t. The federal government passed the Employee Retirement Income Security Act (ERISA) regulation in 1974. This legislation and its requirements determine whether a retirement plan offered by employers or an employee organization (such as a union) qualifies for tax deferral of investment and interest until retirement age. (more…)

Another old adage says that we should learn from the mistakes of others. When it comes to retirement planning, there are many legal, tax, and retirement saving mistakes you can make as a business owner, retirement plan trustee, or plan participant. (more…)

Facts - women live longer than men, a woman can expect to spend the last 10 years of her life alone, women divorced after 50 will not remarry, second marriages fail 60% of the time, women may take 10 years to regain her predivorce financial status, women care for their children but they will also be the caretakers for their parents, by 2010 it is estimated that women will control the majority of the wealth in the US. So no matter who makes the financial decisions for your family now - all women should prepare to be their own financial planners, wealth managers and decision makers towards the end of their lives. (more…)

When you retire, are you going to have enough money to meet all your expenses and keep up with inflation? If you are like the vast majority of us, your answer will be a resounding, “NO”!

Statistically, 95% of people retire with too few financial resources. (more…)