Insurance agents and financial advisors have been investing their clients’ retirement money in annuities for decades. This practice has its detractors, with the criticism usually focusing on the high commissions paid to annuity salespeople and stiff fees charged to annuity owners year after year. In fact, if you compare the costs of an annuity to … Read more
Everyone I talk to, from new clients to longtime neighbors to business contacts, tells me the same story. I tell them I’m a financial advisor, and we start talking about money, investments, and eventually retirement. They say to me, “I also have this thing… I think it’s called an annuity? My guy at (fill in … Read more
You may be wondering if your spouse can use the backdoor Roth IRA strategy. You may have heard of this way to save for retirement but aren’t sure if it works for both of you when you file your taxes together. I have good news: your wife can do a backdoor Roth IRA, even though … Read more
As Tennessee Social Security Disability lawyers, we get a lot of calls from people who are worried about what will happen to their SSDI benefits when they reach retirement age. Many worry about potential changes to their monthly payments or fear losing benefits entirely. To better understand this important transition, continue reading or contact our … Read more
Quick Summary Protecting your hard-earned wealth isn’t about illegal concealment—it’s about smart legal asset protection. This comprehensive guide explores how to properly structure assets in trusts to keep them secure from creditors lawsuits, and unexpected financial threats. I’ll break down the various trust options, explain when to act, and outline proven strategies that wealthy families … Read more
Planning for retirement isn’t just about having enough money saved, it’s about understanding how much you’ll actually spend. Retirees who take the time to estimate their monthly expenses often enjoy more financial peace of mind. Whether you’re approaching retirement or already there and looking to make the most of your budget, let’s explore the average … Read more
The Truth About Inherited IRA Distribution Rules in 2025 Inheriting an IRA can feel like finding a treasure chest with a complicated lock. You’ve got the money, but accessing it means navigating a maze of tax rules that could cost you big time if you make a wrong turn. I have seen too many people … Read more
Are you putting off retirement planning because you think you need thousands to get started? I’ve got some good news that might surprise you! Starting a Roth IRA is way more accessible than most folks realize, and I’m gonna break down exactly how little you need to get your retirement savings rolling. The Surprising Minimum … Read more
The average retirement savings is $333,940. Balances vary by age, with those 55-plus having the most in their accounts. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. However, … Read more
Under ideal circumstances, no one would ever run out of money in retirement, and they’d have enough resources to meet all their essential expenses and more. But with the potential for stock market volatility and continuing inflation, more people are searching for predictable income strategies to help meet their retirement needs. “Now might be the … Read more