Traditional IRAs and most employer-sponsored retirement plans are tax-deferred accounts, which means they are typically funded with pre-tax or tax-deductible dollars. As a result, taxes are not payable until funds are withdrawn, generally in retirement.
Withdrawals from tax-deferred accounts are subject to income tax at your current tax rate. In addition, withdrawals taken prior to age 59½ are subject to a 10% federal income tax penalty.
If you made nondeductible contributions to a traditional IRA, you have what is called a “cost basis” in the IRA. Your cost basis is the total of the nondeductible contributions to the IRA minus any previous withdrawals or distributions of nondeductible contributions. The recovery of this basis is not seen as taxable income.
Read more....http://bit.ly/ljjHmU http://bit.ly/jh14jn http://amplify.com/u/a165nj
Monday, June 27, 2011
Life may be full of risks . . . . . . but as a business owner, your retirement plan shouldn't be!
With the stock market crash of 2000-2002 and again in 2008-2009, millions of Americans lost BILLIONS of dollars. From 2000-2002, 80% of Americans lost half or more of their entire financial portfolio during that three year period. It took investors about 3.5 years to recover from that bear market. In 2008-2009, the market crashed again with a decline of more than (-37%) in just over 7 months!
Read More....http://bit.ly/ljjHmU http://amplify.com/u/a165n4
With the stock market crash of 2000-2002 and again in 2008-2009, millions of Americans lost BILLIONS of dollars. From 2000-2002, 80% of Americans lost half or more of their entire financial portfolio during that three year period. It took investors about 3.5 years to recover from that bear market. In 2008-2009, the market crashed again with a decline of more than (-37%) in just over 7 months!
Read More....http://bit.ly/ljjHmU http://amplify.com/u/a165n4
Most people have good intentions about saving for retirement.
But few know when they should start and how much they should save.
Sometimes it might seem that the expenses of today make it too difficult to start saving for tomorrow. It’s easy to think that you will begin to save for retirement when you reach a more comfortable income level, but the longer you put if off, the harder it will be to accumulate the amount you need.
The rewards of starting to save early for retirement far outweigh the cost of waiting. By contributing even small amounts each month, you may be able to amass a great deal over the long term. One helpful method is to allocate a specific dollar amount or percentage of your salary every month and to pay yourself as though saving for retirement were a required expense.
Read More...http://bit.ly/lUzL1T http://amplify.com/u/a165hh
But few know when they should start and how much they should save.
Sometimes it might seem that the expenses of today make it too difficult to start saving for tomorrow. It’s easy to think that you will begin to save for retirement when you reach a more comfortable income level, but the longer you put if off, the harder it will be to accumulate the amount you need.
The rewards of starting to save early for retirement far outweigh the cost of waiting. By contributing even small amounts each month, you may be able to amass a great deal over the long term. One helpful method is to allocate a specific dollar amount or percentage of your salary every month and to pay yourself as though saving for retirement were a required expense.
Read More...http://bit.ly/lUzL1T http://amplify.com/u/a165hh
Saturday, June 25, 2011
32nd annual Ocean Beach Street Fair & Chili Cook-Off heats up Saturday
32nd annual Ocean Beach Street Fair & Chili Cook-Off heats up Saturday: "San Diego has many fun civic events each year, but none rival the annual Ocean Beach Street Fair and Chili Cook-Off. Now in its 32nd year, the event’s location, alongside one of the best beaches in..."
Sunday, June 19, 2011
If you're selling fixed annuities, and you're not using videos in your sales process - you're missing out on a proven way to engage the interest of clients, prospects, leads and referrals.
Studies have shown that 5 out of 6 people prefer to listen to and watch videos - than to read text, listen to a speaker, or click through PowerPoint slides.
That's because audio/video is easier to comprehend, can tell a more interesting story, and make a more compelling impression.
Read More...http://www.alternativeretirementsolutions.com/content/selling-fixed-annuities-faster-easier-videos http://amplify.com/u/a15jm3
Studies have shown that 5 out of 6 people prefer to listen to and watch videos - than to read text, listen to a speaker, or click through PowerPoint slides.
That's because audio/video is easier to comprehend, can tell a more interesting story, and make a more compelling impression.
Read More...http://www.alternativeretirementsolutions.com/content/selling-fixed-annuities-faster-easier-videos http://amplify.com/u/a15jm3
One of the most attractive features of an annuity is its tax-deferred status. Generally, you won’t pay any income tax on the interest or earnings until you start taking withdrawals in retirement (age 59½ or later). Qualified and nonqualified annuities are taxed differently. Qualified annuities (such as annuities in an employer-sponsored retirement plan or an IRA) are typically purchased with pre-tax money, so withdrawals are fully taxed as ordinary income. It’s important to understand that purchasing an annuity in an IRA or an employer-sponsored retirement plan provides no additional tax benefits than those available through the tax-deferred retirement plan. Annuities purchased with after-tax money are taxable upon withdrawal, but only the earnings are taxed.
Read More...http://www.alternativeretirementsolutions.com/content/how-are-annuities-taxed http://amplify.com/u/a15jlm
Read More...http://www.alternativeretirementsolutions.com/content/how-are-annuities-taxed http://amplify.com/u/a15jlm
Monday, June 13, 2011
The Dodd-Frank Wall Street Reform and Consumer Protection Act — signed into law by President Obama on July 21, 2010 — will likely revolutionize the country’s financial system. The sweeping legislation is the most far-reaching financial reform since the Great Depression, touching virtually every corner of the financial world.
The new law is designed to help shield consumers from abusive financial practices, protect taxpayers from funding bailouts for institutions considered “too big to fail,” and improve accountability and transparency in the financial system.
Read More...http://bit.ly/mHUKjL http://amplify.com/u/a1512m
The new law is designed to help shield consumers from abusive financial practices, protect taxpayers from funding bailouts for institutions considered “too big to fail,” and improve accountability and transparency in the financial system.
Read More...http://bit.ly/mHUKjL http://amplify.com/u/a1512m
Long ago, people realized that there is strength in numbers. For hundreds of years, we have been joining forces against all kinds of calamities — including financial troubles.
The concept of insurance is simply that if enough of us can pool our money to form a large enough fund, then together we can handle practically any financial disaster. Our motivation for contributing to this fund is our own eligibility to draw from it in the event of a disaster. One for all and all for one, so to speak.
Read More....http://bit.ly/lEsMPc http://amplify.com/u/a1512a
The concept of insurance is simply that if enough of us can pool our money to form a large enough fund, then together we can handle practically any financial disaster. Our motivation for contributing to this fund is our own eligibility to draw from it in the event of a disaster. One for all and all for one, so to speak.
Read More....http://bit.ly/lEsMPc http://amplify.com/u/a1512a
It appears that the Post QE2 stock correction is now underway. Unlike with QE1 last year when investors stayed in the stock market until the very end of the Fed’s balance sheet expansion, it seems that investors are anticipating the end of QE2 on June 30 in advance and are already moving to the exits. If you are anticipating that the stock market may continue to correct as we move through the summer, the question then becomes how to best capitalize on this trend. U.S. Treasuries provide a straightforward and relatively low risk way to capitalize on a declining stock market.
Read More...http://bit.ly/lD1bZl http://amplify.com/u/a1511s
Read More...http://bit.ly/lD1bZl http://amplify.com/u/a1511s
When it comes to investing for retirement through 401k's, investors have a lot of options.
Investment management company Vanguard continues to use its heft and low costs to pick off competitors. It has been winning investors with new funds (up to 20 in 2010), free trading in Vanguard's exchange-traded funds, lower minimums for its low-cost Admiral shares and other consumer-friendly features.
Read More....http://on-msn.com/iYvLQy http://amplify.com/u/a1511m
Investment management company Vanguard continues to use its heft and low costs to pick off competitors. It has been winning investors with new funds (up to 20 in 2010), free trading in Vanguard's exchange-traded funds, lower minimums for its low-cost Admiral shares and other consumer-friendly features.
Read More....http://on-msn.com/iYvLQy http://amplify.com/u/a1511m
Thursday, June 9, 2011
Life may be full of risks . . . . . . but as a business owner, your retirement plan shouldn't be!
With the stock market crash of 2000-2002 and again in 2008-2009, millions of Americans lost BILLIONS of dollars. From 2000-2002, 80% of Americans lost half or more of their entire financial portfolio during that three year period. It took investors about 3.5 years to recover from that bear market. In 2008-2009, the market crashed again with a decline of more than (-37%) in just over 7 months!
Millions who were planning to retire can no longer afford to retire.
Read More...http://bit.ly/kXQudI http://amplify.com/u/a14tpg
With the stock market crash of 2000-2002 and again in 2008-2009, millions of Americans lost BILLIONS of dollars. From 2000-2002, 80% of Americans lost half or more of their entire financial portfolio during that three year period. It took investors about 3.5 years to recover from that bear market. In 2008-2009, the market crashed again with a decline of more than (-37%) in just over 7 months!
Millions who were planning to retire can no longer afford to retire.
Read More...http://bit.ly/kXQudI http://amplify.com/u/a14tpg
One of the most attractive features of an annuity is its tax-deferred status. Generally, you won’t pay any income tax on the interest or earnings until you start taking withdrawals in retirement (age 59½ or later). Qualified and nonqualified annuities are taxed differently. Qualified annuities (such as annuities in an employer-sponsored retirement plan or an IRA) are typically purchased with pre-tax money, so withdrawals are fully taxed as ordinary income.
Read More...http://bit.ly/jLR1tt http://amplify.com/u/a14tp7
Read More...http://bit.ly/jLR1tt http://amplify.com/u/a14tp7
People have traditionally seen Social Security benefits as the foundation of their retirement planning programs. The Social Security contributions deducted from your paycheck have, in effect, served as a government-enforced retirement savings plan.
However, the Social Security system is under increasing strain. Better health care and longer life spans have resulted in an increasing number of people drawing Social Security benefits. And as the baby boom generation (those born between 1946 and 1964) approaches retirement, even greater demands will be placed on the system.
Read More...http://bit.ly/lpSnSS http://amplify.com/u/a14tp5
However, the Social Security system is under increasing strain. Better health care and longer life spans have resulted in an increasing number of people drawing Social Security benefits. And as the baby boom generation (those born between 1946 and 1964) approaches retirement, even greater demands will be placed on the system.
Read More...http://bit.ly/lpSnSS http://amplify.com/u/a14tp5
A self-employed retirement plan is a tax-deferred retirement savings program for self-employed individuals. In the past, the terms "Keogh plan" or "H.R. 10 plan" were used to distinguish a retirement plan established by a self-employed individual from a plan established by a corporation or other entity. However, self-employed retirement plans are now generally referred to by the name that is used for the particular type of plan such as, SEP IRA, SIMPLE 401(k), or self-employed 401(k).
Read More...http://bit.ly/kAGr9e http://amplify.com/u/a14tp4
Read More...http://bit.ly/kAGr9e http://amplify.com/u/a14tp4
Tuesday, June 7, 2011
Long ago, people realized that there is strength in numbers. For hundreds of years, we have been joining forces against all kinds of calamities — including financial troubles.
The concept of insurance is simply that if enough of us can pool our money to form a large enough fund, then together we can handle practically any financial disaster. Our motivation for contributing to this fund is our own eligibility to draw from it in the event of a disaster. One for all and all for one, so to speak.
Read More....http://bit.ly/lEsMPc http://amplify.com/u/a14qfm
The concept of insurance is simply that if enough of us can pool our money to form a large enough fund, then together we can handle practically any financial disaster. Our motivation for contributing to this fund is our own eligibility to draw from it in the event of a disaster. One for all and all for one, so to speak.
Read More....http://bit.ly/lEsMPc http://amplify.com/u/a14qfm
Finding a method to leave a lasting legacy to your loved ones without increasing their tax burdens can be difficult and complicated. A “stretch” IRA may be a useful approach that can benefit your heirs for generations to come.
A stretch IRA is not a special type of IRA but rather a term frequently used to describe this IRA strategy, also known as a “multigenerational” IRA, that can be used to extend the tax-deferred savings on inherited IRA assets for one or more generations to benefit future beneficiaries.
Read More...http://bit.ly/kyrjxX http://amplify.com/u/a14qfg
A stretch IRA is not a special type of IRA but rather a term frequently used to describe this IRA strategy, also known as a “multigenerational” IRA, that can be used to extend the tax-deferred savings on inherited IRA assets for one or more generations to benefit future beneficiaries.
Read More...http://bit.ly/kyrjxX http://amplify.com/u/a14qfg
Join us for a complimentary meal presentation regarding the economic climate June 21, 2011. http://bit.ly/kXQudI http://amplify.com/u/a14qf5
Friday, June 3, 2011
Long ago, people realized that there is strength in numbers. For hundreds of years, we have been joining forces against all kinds of calamities — including financial troubles.
The concept of insurance is simply that if enough of us can pool our money to form a large enough fund, then together we can handle practically any financial disaster. Our motivation for contributing to this fund is our own eligibility to draw from it in the event of a disaster. One for all and all for one, so to speak.
Read More.....http://www.selectivebenefitspecialists.com/content/how-can-you-insure-your-future http://amplify.com/u/a14g9h
The concept of insurance is simply that if enough of us can pool our money to form a large enough fund, then together we can handle practically any financial disaster. Our motivation for contributing to this fund is our own eligibility to draw from it in the event of a disaster. One for all and all for one, so to speak.
Read More.....http://www.selectivebenefitspecialists.com/content/how-can-you-insure-your-future http://amplify.com/u/a14g9h
Many Americans facing retirement would love to increase their monthly income.
Faced with fixed pensions, rising medical expenses, limited Social Security benefits, and longer life spans, an increasing number of people are actually being forced to lower their standards of living when they retire.
As you approach retirement, one of your major assets is likely to be your house. By the time the average person retires, his or her home is usually worth significantly more than he or she paid for it.
Now there are techniques that will enable you to use your property to finance your lifestyle without the emotional trauma of having to sell your home.
Read More....http://www.selectivebenefitspecialists.com/content/what-reverse-mortgage http://amplify.com/u/a14g8h
Faced with fixed pensions, rising medical expenses, limited Social Security benefits, and longer life spans, an increasing number of people are actually being forced to lower their standards of living when they retire.
As you approach retirement, one of your major assets is likely to be your house. By the time the average person retires, his or her home is usually worth significantly more than he or she paid for it.
Now there are techniques that will enable you to use your property to finance your lifestyle without the emotional trauma of having to sell your home.
Read More....http://www.selectivebenefitspecialists.com/content/what-reverse-mortgage http://amplify.com/u/a14g8h
Taken by itself, the word "risk" sounds negative. But broken down into what it really stands for in terms of investing, it begins to be a little more manageable. By understanding the different types of risk and keeping an eye on your investments, you may be able to manage your money more effectively. Remember, strategic investing doesn’t mean "taking chances" so much as "making decisions." Long-term investing and diversification may be some of the most effective strategies you can use to help manage investment risk; neither guarantees against investment loss.
Read More....http://www.alternativeretirementsolutions.com/content/what-investment-risks-should-i-know-about http://amplify.com/u/a14g72
Read More....http://www.alternativeretirementsolutions.com/content/what-investment-risks-should-i-know-about http://amplify.com/u/a14g72
People have traditionally seen Social Security benefits as the foundation of their retirement planning programs. The Social Security contributions deducted from your paycheck have, in effect, served as a government-enforced retirement savings plan.
However, the Social Security system is under increasing strain. Better health care and longer life spans have resulted in an increasing number of people drawing Social Security benefits. And as the baby boom generation (those born between 1946 and 1964) approaches retirement, even greater demands will be placed on the system.
Read More.....http://www.alternativeretirementsolutions.com/content/will-social-security-retire-i-do http://amplify.com/u/a14g6w
However, the Social Security system is under increasing strain. Better health care and longer life spans have resulted in an increasing number of people drawing Social Security benefits. And as the baby boom generation (those born between 1946 and 1964) approaches retirement, even greater demands will be placed on the system.
Read More.....http://www.alternativeretirementsolutions.com/content/will-social-security-retire-i-do http://amplify.com/u/a14g6w
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