As a future or current retiree, it is important for you to take into consideration the big picture of your retirement planning. Once you have the full picture, it helps you make more detailed and necessary decisions to achieve the retirement for which you have worked your whole life. One of the first steps to take when planning your retirement is to find a financial professional who puts your needs and interests first. At American Financial Security, we take your whole financial and tax … [Read more...] about Retirement Planning: The Big Picture
American Financial Security
Why Working in Retirement Doesn’t Always Work
As we’ve all heard, even the best-laid plans can go awry. When those plans involve retirement, the stakes are high. Let’s say you were planning on continuing to work in retirement to supplement your monthly income. It’s easy to see how a change in those plans could impact you significantly. Sadly, some people interviewed by Business Insider found that to be the case in a recent article. Among the workers interviewed were a salesman with 42 years of experience and a veteran of the … [Read more...] about Why Working in Retirement Doesn’t Always Work
Retirement Planning: The Big Picture
As a future or current retiree, it is important for you to take into consideration the big picture of your retirement planning. Once you have the full picture, it helps you make more detailed and necessary decisions to achieve the retirement for which you have worked your whole life. One of the first steps to take when planning your retirement is to find a financial professional who puts your needs and interests first. At American Financial Security, we take your whole financial and tax … [Read more...] about Retirement Planning: The Big Picture
Rebalancing Your Portfolio Allocations
In today’s uncertain financial landscape and based on the market run-up we have seen the last few years, we believe it is more important than ever to establish a well-maintained portfolio that can help you reach your financial goals. Your portfolio needs to not only meet your need for capital, but also provide you with financial peace of mind. While there’s no simple formula to help you figure out how your portfolio should be constructed, determining the right asset allocation should be the … [Read more...] about Rebalancing Your Portfolio Allocations
Planning for a Retirement That’s Better Than a Vacation
Some people spend more time planning their vacation than they spend planning for retirement. When it comes to retirement, many Americans don’t know where to begin. It is important to have a retirement plan that considers ways to have income for life. Finding the most efficient and beneficial way to address this may impact your lifestyle, your asset accumulation, and your legacy planning after you retire. Satisfying that need for daily income entails first knowing how much you need and when … [Read more...] about Planning for a Retirement That’s Better Than a Vacation
Retirement Planning: The Big Picture
Future and current retirees should take into consideration the big picture of their retirement planning, which includes conducting financial planning and tax reviews. Once you have the full picture, it helps you make more detailed and necessary decisions to achieve the retirement for which you have worked so hard. Planning for retirement is a multi-step process that can bring along many questions. For example, there is inflation, healthcare costs, and debt. At American Financial Security, we … [Read more...] about Retirement Planning: The Big Picture
Taxes and Their Effect on Your Retirement
Most retirees don’t anticipate all the expenses they will experience during retirement, especially taxes. More often than not, most are faced with tax issues. Why? Because when it comes to taxes, not all money is created equal. Taxes are a topic everyone is concerned about, but most don’t want to deal with it any more than they have to. This can result in someone not taking the time to go back through their taxes for the year and making sure everything was done correctly. Having a second … [Read more...] about Taxes and Their Effect on Your Retirement
Creating A Lifetime of Income
There are various retirement income pillars on which Americans rely. One such pillar is fixed indexed annuities,* also referred to as FIAs, which help create a retirement income that will last. These annuities are versatile financial tools that can provide you with the income and growth potential you need during retirement, without exposing you to undue risk. A fixed indexed annuity is an insurance contract linked to a common market index, such as the S&P 500.** If the index experiences a … [Read more...] about Creating A Lifetime of Income