Baby Boomers are retiring at astonishing rates and are looking for ways to replace their steady paycheck. They are worried about the potential of Social Security diminishing and what might happen to their retirement if it does. At American Financial Security, we believe that the number one concern for most pre-retirees and retirees is outliving their money. It is important to safeguard your retirement so you do not have to worry about outliving your retirement income. At American Financial … [Read more...] about Discussing the Number One Concern About Retirement
Stevenson
Re-Balancing Your Portfolio Allocations
In today’s uncertain financial landscape and based on the market run up we have seen in 2017, 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 first step … [Read more...] about Re-Balancing Your Portfolio Allocations
Using Life Insurance for Financial and Tax Planning
Do you have a financial plan set up to protect your loved ones after you pass away? With a well-thought-out life insurance plan, you can do just that. The purpose of life insurance is to help provide a measure of financial well-being for your family and loved ones when you are no longer there. With the purchase of a carefully planned life insurance policy, you can help ensure that your family and loved ones will be taken care of. Life insurance offers two essential benefits. First, it offers … [Read more...] about Using Life Insurance for Financial and Tax Planning
Creating Income for Life
The number one concern for most retirees is the possibility of outliving their income in retirement. For example, Baby Boomers are retiring at astonishing rates and are looking for ways to replace their steady paycheck. They are worried about the potential of Social Security diminishing and what might happen to their retirement if it does. Baby Boomers are also concerned about the volatility in the market and the possibility of losing money in what may seem like the only place to earn money … [Read more...] about Creating Income for Life
Retirement Planning: The Big Picture
Future retirees and 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, one must consider inflation, health care costs and debt. At American Financial … [Read more...] about Retirement Planning: The Big Picture
Navigating Through Annuities
When it comes to retirement, many people rely on 401(k)s and Social Security to provide them the necessary income they need. Sometimes, those sources of funds are not enough and retirees are faced with an income gap that they need to figure out how to fill. This is where annuities can come in handy for some people. For those that aren’t sure what annuities are, they can be defined as a financial product that is designed to take in and potentially grow an individual’s funds, and then pay out a … [Read more...] about Navigating Through Annuities
Developing a Successful Portfolio: Are your assets properly allocated?
Everyone has an idea of what they want their retirement to look like, whether that means spending more time with family, traveling, or enjoying a favorite pastime. Many people even base their financial plans off of their vision for the future. The reality is that you can never truly prepare for everything that life has in store for you – your plans need to be adaptable. Generally speaking, most portfolios include many types of investments with varying degrees of risk and include elements of … [Read more...] about Developing a Successful Portfolio: Are your assets properly allocated?
Social Security and Retirement: Do You Know the Right Time to File?
Since 1935, Social Security has been one of the pillars of retirement income, serving as the primary source of income for half of Americans over the age of 65. In many ways, it can be regarded as a government-run retirement account for those who have put a portion of their paycheck toward the program throughout their working life. When you retire, your income may cease but your need for income doesn’t. Finding other sources of revenue that can replace your old salary is often the biggest … [Read more...] about Social Security and Retirement: Do You Know the Right Time to File?
Creating a Balanced Portfolio: Are Your Assets Properly Allocated?
In today’s uncertain financial landscape, 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 first step in the process. In order to properly ascertain your … [Read more...] about Creating a Balanced Portfolio: Are Your Assets Properly Allocated?
Guarding Your Retirement From Taxes
In order to have the comfortable retirement you’ve hoped for, you need to start planning responsibly –and early – in your career. Over time, you can get closer to your retirement goals with money that is placed in accounts like an IRA or 401(k). Once you reach retirement, however, all the money you’ve worked hard for and saved over the course of decades may experience a fundamental shift. While many retirement accounts like 401(k)s allow money to be invested before taxes, all of this money … [Read more...] about Guarding Your Retirement From Taxes