Author - Kevin Nulton, Esq., CFP®

1
Are Variable Annuities a Good Investment?
2
How to Select the Right Retirement Plan If You’re Self Employed
3
Financial Planning For Children With Special Needs

Are Variable Annuities a Good Investment?

 

Why Variable and Index Annuities Are Poor Investments for Most People

The driving force behind the purchase of most annuities is a guaranteed lifetime income feature which appears to offer the investor investment returns equal to the greater of a minimum interest rate (usually 5% to 7% per year) or the gains generated by the underlying stock market investments.  While these annuity policies come in many forms, they usually are sold by showing the customer a glossy brochure with a graph demonstrating that the purchaser cannot lose regardless of whether the stock market goes up or down.

The notion …

Read More

How to Select the Right Retirement Plan If You’re Self Employed

Article in Summary:

  • Selecting the right type of retirement plan if you self-employed can be complicated
  • Your choices include: IRA/Roth IRA, Solo 401k, Simple IRA, SEP-IRA, and Keogh Plan

While the tax code provides several provisions to encourage self-employed individuals and small business owners to save for retirement, selecting the right type of plan can be a complicated process.  The good news is that the correct plan can help you save a significant amount of money toward your retirement and provide generous tax advantages as well.

Set forth below is a summary of the various retirement plan options, including a …

Read More

Financial Planning For Children With Special Needs

The two biggest planning mistakes made by families with special-needs children are failing to establish a special needs trust for the benefit of a disabled child and, if a trust has been created, having wills, life insurance policies or retirement accounts which name a child with disabilities as a direct beneficiary.  Another common error is the granting of gifts or bequests from well-meaning relatives directly to a disabled child without utilizing a special needs trust to hold the assets.

The essential purpose of a special needs trust is to improve the quality of the beneficiary’s life without disqualifying him or …

Read More

Copyright 2014 FiGuide.com   About Us   Contact Us   Our Advisors       Login