Archives for Financial Literacy

How Annuities Offer Protection and Growth Potential

How Annuities Offer Protection and Growth Potential

June 14, 2022

National Annuity Awareness Month is upon us! Let’s go over how annuities can be an important part of a retirement plan. June is National Annuity Awareness Month, giving us the perfect reason to discuss how they can positively impact your retirement. Annuities have always played a role in retirement planning, but with growing uncertainty and market volatility, their importance has boomed. They offer the chance for growth along with the protection of principal during market downturns which is guaranteed by the claims-paying ability of the issuing insurance carrier. While they can be a vital part of the retirement-planning process, annuities
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7 Budgeting Tips For July

7 Budgeting Tips For July

July 23, 2021

Budgeting can help you achieve your goals faster. Once you realize that budgeting can help you achieve the goals you’ve set out for yourself, you may find the process inspiring. Think of your budget as a spending plan Think of your budget as your “how-to” plan for spending your money rather than what you “can’t” spend. The upside is that by budgeting for short- and long-term expenditures, you can spend money without feeling guilty about it, because you’ve actually planned to spend it! With a budget, you will simply be allocating all your expenditures with a means to an end,
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What’s the difference between an IRA and a Roth IRA?

What’s the difference between an IRA and a Roth IRA?

May 21, 2019

Common financial wisdom tells us that as a paid member of the American workforce, you should contribute the maximum to your 401(k), 403(b), 457(b) or similar retirement plan, especially if your organization matches a percentage of your contributions. But not every company has one of these plans. As an individual taxpayer with earned income, you have other options available to you in order to save for retirement, including the IRA or “Individual Retirement Account.”   An IRA is a type of account which acts as a shell or holder. Within the IRA, you can invest in many different types of
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