Estate Planner Ohio » wealthy retirement

5 Tips to Wealthy Retirement

Estate Planner Staff — Fri, 09 Oct 2009 03:49:11 +0000

Social Security as the sole source of survival after your working years, will not provide sufficient money for a happy retirement. A wealthy retirement needs added funds to carry you through the retirement years. It can take many forms, one of which is an annuity retirement plan. An annuity is money usually put in an insurance company, which makes investments. When you retire you will get periodic payouts, which can be taken in several ways, and grows all along on a tax-deferred basis. Unfortunately, too many people who purchase an annuity retirement plan take a lump sum payment. This is contrary to what the annuity was set up to do, which is to supply you with sufficient funds periodically, not all at once. An annuity retirement plan should be set up with input by a professional for a wealthy retirement.

There are other ways to supplement your retirement plan. While working for an employer put as much money as allowed into a 401k plan, which invests in various financial instruments. If your employer matches your contributions, this is even better. Like an annuity, it can be directed into the financial instruments you prefer, to spread the risk. These could be bonds, stocks and other investments. If you work for yourself there are a couple of Individual Retirement Plans (IRA’s) to investigate, depending on the tax benefits available.

Of course, only by sitting down and talking to a certified estate planner can you really start to get to know all the issues and find the best option for you.

Investing in safe municipal bonds will help you reach a wealthy retirement. They are entirely tax free, therefore, your real interest rate is higher than given by other bonds. Finally, if your home is worth a lot and is too much house for you. Sell it and move to smaller quarters and invest the profit. Under some conditions no capital gains taxes will be paid for the first $250,000 of profit, for the husband and the same for the spouse.

Ohio Estate Planning Advice

Estate Planner Staff — Fri, 12 Jun 2009 17:18:25 +0000

One important piece of advice I can give you about Estate Planning, whether you are in Ohio or in any other state, is to make sure you work with an estate planning adviser that knows how to work with you at your current stage in life.

For example, some estate planners only works with people over 50 because he knows how to serve people in that age bracket well. He knows what their concerns are and how to conserve wealth that guarantees future income in retirement.

If you are not as young as you once were, you really need to think about working with someone that has a long, distinguished track record with people in your age bracket.

If you are in Akron, Cleveland of the surrounding areas, visit several estate planner Website and read the many testimonials of people just like you that trust estate planners to help them live a better life in retirement. Find a a Certified Estate Planner and an advocate for wealthy retirement.

Protecting Retirement Income

Estate Planner Staff — Tue, 31 Mar 2009 17:10:35 +0000

Anything that can be written on a website is probably out of date by the time the ink dries.

Protecting your Retirement Income is something that you need an expert to help with. That is because opportunities for investments, annuities and other forms of retirement wealth change and evolve.

Since most Retirement Planning Professionals will sit down with you and look over your plan, the responsible thing to do is to get an opinion, and even get a second opinion if you feel you need one. Go to an Estate Planning Firm and get testimonials from some of their clients. Your retirement and the lifestyle you want to live in retirement is dependent on your ability to create, grow and preserve wealth – even in down markets.

Wealthy retirement is not about risky investments. Wealthy retirement is about careful planning and understanding the stage of life you are in and what the appropriate levels of risk are for you today.