The price of going uninsured could cost you everything The number one cause of personal bankruptcy continues to be medical bills. The two worst types of health insurance policies are: the one you. Who says Life Insurance is complicated? In addition to not knowing how much to buy and what type to buy, we have found people are worried about making a bad decision and being locked into.
A Disability is a life changing event All major life events mean changes to our way of life. Sometimes those life changes are joyous ones like purchasing your first house or having a baby. Enrolling in Medicare doesn't have to be confusing! The good news is you don't have to become a Medicare expert and spend countless hours learning every aspect of Medicare to make an informed.
Short-Term Medical Plans can provide coverage when you find yourself unable to enroll in an ACA compliant plan. Cunningham Insurance recognized for helping consumers with qualified health coverage Quitman, TX - Thomas Cunningham has been recognized.
A Disability is a life changing event All major life events mean changes to our way of life. Sometimes those life changes are joyous ones like purchasing your first house or having a baby. Enrolling in Medicare doesn't have to be confusing! The good news is you don't have to become a Medicare expert and spend countless hours learning every aspect of Medicare to make an informed.
Short-Term Medical Plans can provide coverage when you find yourself unable to enroll in an ACA compliant plan. Cunningham Insurance recognized for helping consumers with qualified health coverage Quitman, TX - Thomas Cunningham has been recognized.
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A Flexible Premium Fixed Differed Annuity or Traditional Annuity can be a great foundation to your retirement plan.
This is about as simple as it gets, just like it sounds you receive a guaranteed fixed rate of return on the principal you contribute.
The premium or savings you contribute is flexible, meaning you can "deposit" as much or a little, as frequently or infrequently as you like over time (within policy guidelines).
Additionally, this type of annuity typically allows for a low initial investment a few even allow you to start with nothing.
This is about as simple as it gets, just like it sounds you receive a guaranteed fixed rate of return on the principal you contribute.
The premium or savings you contribute is flexible, meaning you can "deposit" as much or a little, as frequently or infrequently as you like over time (within policy guidelines).
Additionally, this type of annuity typically allows for a low initial investment a few even allow you to start with nothing.
How many times have you wished you had a pension and didn't have all the worry and headaches of a 401(k)?
Before 1978 the predecessor to the 401(k) was the CODA and the CODA was used primarily by the highly compensated C-level employees.
Most employees had the peace of mind that if they worked all their life for one company their whole life they would be rewarded by the company who would provided for them via a pension.
However, that confidence was shaken when some companies didn't make good on their promises to their employees.
Before 1978 the predecessor to the 401(k) was the CODA and the CODA was used primarily by the highly compensated C-level employees.
Most employees had the peace of mind that if they worked all their life for one company their whole life they would be rewarded by the company who would provided for them via a pension.
However, that confidence was shaken when some companies didn't make good on their promises to their employees.
Differed Annuities are always tax differed when it comes to the growth!
Regardless if you have qualified funds ( 401(k), IRA, 403(b), SEP IRA, Simple IRA, or Profit Sharing) or you have non-qualified funds (personal savings, CD's, or Roth IRA) the tax is differed till you start receiving funds.
When you start receiving funds the growth will be taxed at your current federal income tax rate.
Now this might sound bad at first, but think about the fact that if you are going to put your funds in an annuity it should be for retirement years or it really isn't practical to put the funds into an annuity in the first place.
Regardless if you have qualified funds ( 401(k), IRA, 403(b), SEP IRA, Simple IRA, or Profit Sharing) or you have non-qualified funds (personal savings, CD's, or Roth IRA) the tax is differed till you start receiving funds.
When you start receiving funds the growth will be taxed at your current federal income tax rate.
Now this might sound bad at first, but think about the fact that if you are going to put your funds in an annuity it should be for retirement years or it really isn't practical to put the funds into an annuity in the first place.
Thomas M. Cunningham has over 8 years experience helping clients make educated and comfortable financial decisions.
At Cunningham Insurance we specialize in helping people move their funds to tax advantaged investments that have guarantees against loss of principal.
While these types of investments are not new, they have come a long way in the last few decades.
Just like you wouldn't look at the TV's from 30 years ago and assume they work the same way as a TV today; the same is true of Annuities today.
At Cunningham Insurance we specialize in helping people move their funds to tax advantaged investments that have guarantees against loss of principal.
While these types of investments are not new, they have come a long way in the last few decades.
Just like you wouldn't look at the TV's from 30 years ago and assume they work the same way as a TV today; the same is true of Annuities today.
Whether you are about to retire, recently retired, or have been retired for years; protecting your hard earned retirement funds is critical.
There are many factors that can negatively impact your retirement saving.
A few of the biggest factors that can devastate your retirement is Long-Term Care, investment risk, taxes, and inflation.
A fixed type annuity is not a silver bullet, but it can defiantly help provide protection when it comes to investment risk.
There are guarantees when it comes to the principal and the interest that is credited to the principal.
There are many factors that can negatively impact your retirement saving.
A few of the biggest factors that can devastate your retirement is Long-Term Care, investment risk, taxes, and inflation.
A fixed type annuity is not a silver bullet, but it can defiantly help provide protection when it comes to investment risk.
There are guarantees when it comes to the principal and the interest that is credited to the principal.
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