Posts with the category ‘Retirement’

Frequently Asked Retirement Income Questions

Prepared by Financial Planning Association When should I begin thinking about tapping my retirement assets and how should I go about doing so? The answer to this question depends on when you expect to retire. Assuming you expect to retire between the ages of 62 and 67, you may want to begin the planning process in your mid- to late 50s. A series of meetings with a financial advisor may help you make important decisions such as how your portfolio… Read More

Tax Strategies for Retirees

Prepared by Financial Planning Association Nothing in life is certain except death and taxes. —Benjamin Franklin That saying still rings true roughly 300 years after the former statesman coined it. Yet, by formulating a tax-efficient investment and distribution strategy, retirees may keep more of their hard-earned assets for themselves and their heirs. Here are a few suggestions for effective money management during your later years. Less Taxing Investments Municipal bonds, or “munis” have long been appreciated by retirees seeking a… Read More

Should You Have a Supplemental Retirement Plan?

By Rebecca Lake Executives and other key company employees who are hoping to expand their retirement assets beyond their 401(k) or IRA may find the answer in a supplemental retirement plan (SERP). This kind of non-qualified deferred compensation plan is designed to offer additional retirement benefits once you’ve reached the maximum contribution limits allowed by other qualified plans. Understanding their structure and function can help you decide whether a supplemental plan fits with your overall retirement strategy. Read more: Should… Read More

Retirement: Proceed With Caution Before Relying on General Rules

Prepared by Broadridge Investor Communication Solutions, Inc. When investing for retirement, you’re likely to hear a lot of well-meaning guidance from family, friends, and others offering advice–even the media. As you weigh the potential benefits of any  commonly cited investment rules, consider that most are designed for the average situation, which means they may be wrong as often as they’re right. Although such guidance is usually based on sound principles and may indeed be a good starting point, be sure… Read More

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Martin Higgins is a registered representative and investment adviser representative of Mutual of Omaha Investor Services, Inc., a securities broker/dealer and registered investment adviser. Member FINRA / SIPC. There is no contractual relationship between Family Wealth Management and Mutual of Omaha Investor Services, Inc. Martin Higgins can only do business in states in which he is registered. The information presented on this web site is intended for educational purposes only, and is not intended to replace the advice of an attorney or qualified tax professional.