The clock is ticking towards Tax Day, April 18. Here are some timely tips for tax form procrastinators.
For further research:
- Terrysavage.com, Tax Time
- Nextavenue.org, 11 Last-Minute Tax Tips for 2022 Returns
Mention the word “annuity” and most investors recoil. There seem to be so many hidden secrets and costs. And high pressure sales tactics along with "free dinners."
In today’s podcast we unravel those mysteries – with the one man who has consistently worked to educate the public to the ins and outs of annuities – as well as some of the better uses of these insurance company contracts. Stan Haithcock’s website – www.StantheAnnuityMan.com -- is a great resource for free basic information and good advice on annuities. And Stan is one of the most entertaining financial speakers you’ll ever meet.
So, sit back and enjoy our podcast. We devote special attention to Multi-Year Guaranteed Annuities (MYGAs), now yielding over 5.5%. They’re the insurance industry’s version of a bank CD, without the FDIC backing. And they are a great way to improve yields either inside or outside your IRA.
To read more about MYGAs, here’s a link to Terry’s column on the subject: https://www.terrysavage.com/an-annuity-that-works-for-you-myga
And if you’d like to listen to more of Stan’s terrific approach to financial markets, both Terry and Pam have recently joined him on HIS podcast. You’ll find the links to these conversations here:
Terry Savage: The Savage Financial Truth in 2023
https://www.stantheannuityman.com/fwa-terry-savage-january-2023
Pam Krueger: Your Wealthramp to Fiduciary Advice
https://www.stantheannuityman.com/fwa-pam-krueger-february-2023
The clock is ticking towards Tax Day, April 18. Here are some timely tips for tax form procrastinators.
For further research:
Have you given some thought to where and how you’d like to live in your retirement years? Many insist on staying in the family home – without thinking about logistics of stairs and navigating the bathroom in later years. Maybe you’ll just downsize to a smaller home. Others decide to move into a senior community, making new friends in these settings with like-minded and active adults. The latest enticing option is Continuing Care Retirement Communities, which offer initial living in townhomes or condos, while guaranteeing acceptance for one or both spouses into assisted living or even memory care as the need might arise.
This is a financial, as well as logistical and emotional decision, as many of these CCRCs require a large up-front deposit, typically funded by the sale of the family home. Guarantees are involved, but you need to read the fine print. You’ll find an explanation and details in Terry’s recent column.
On this podcast, we will speak with Dana Smith, Chief Marketing Officer for Lifespace Communities (https://www.lifespacecommunities.com/), a non-profit company that has 18 communities in seven states, ranging from Florida to Texas, and Illinois to Kansas. As you’ll hear in this podcast, Dana has the answers to so many questions, ranging from how to get that deposit back to what happens if you run out of money. And she has tips on what to look for and what questions to ask if you are considering moving to a Continuing Care Retirement Community.
For further research: Next Avenue, Key Facts About Life-Plan Communities
