How confident are you that you will enjoy a comfortable retirement? If you're like most people, your confidence may rise and fall with the financial markets because for most people, retirement confidence is about money. Are you saving enough? One general retirement guideline is that the majority of your retirement income will probably come from you and your planning efforts.
About two-thirds of small-business owners fear that they are financially unprepared for retirement, yet one-third of small-business owners do not have any type of personal or business-sponsored retirement plan in place. Cetera Wealth Partners is a region of Cetera Advisor Networks. Securities and advisory services offered through Cetera Advisor Networks LLC., member FINRA/SIPC, a broker/dealer and a Registered Investment Adviser.
Cetera is under separate ownership from any other named entity. Individuals affiliated with this broker/dealer firm are either Registered Representatives who offer only brokerage services and receive transaction-based compensation (commissions), Investment Adviser Representatives who offer only investment advisory services and receive fees based on assets, or both Registered Representatives and Investment Adviser Representatives, who can offer both types of services.
About two-thirds of small-business owners fear that they are financially unprepared for retirement, yet one-third of small-business owners do not have any type of personal or business-sponsored retirement plan in place. Cetera Wealth Partners is a region of Cetera Advisor Networks. Securities and advisory services offered through Cetera Advisor Networks LLC., member FINRA/SIPC, a broker/dealer and a Registered Investment Adviser.
Cetera is under separate ownership from any other named entity. Individuals affiliated with this broker/dealer firm are either Registered Representatives who offer only brokerage services and receive transaction-based compensation (commissions), Investment Adviser Representatives who offer only investment advisory services and receive fees based on assets, or both Registered Representatives and Investment Adviser Representatives, who can offer both types of services.
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Before making any investment decision, one of the key elements you face is working out the real rate of return on your investment.
Compound interest is critical to investment growth.
Whether your financial portfolio consists solely of a deposit account at your local bank or a series of highly leveraged investments, your rate of return is dramatically improved by the compounding factor.
With simple interest, interest is paid just on the principal.
With compound interest, the return that you receive on your initial investment is automatically reinvested.
Compound interest is critical to investment growth.
Whether your financial portfolio consists solely of a deposit account at your local bank or a series of highly leveraged investments, your rate of return is dramatically improved by the compounding factor.
With simple interest, interest is paid just on the principal.
With compound interest, the return that you receive on your initial investment is automatically reinvested.
For many people, tax-advantaged investing is an excellent way to reduce their income tax liability.
And while many of the traditional tax-advantaged strategies have been eliminated, there are still alternatives left that can help you reduce your taxes.
Some are described below.
Two of the most common types of real estate partnerships are low-income housing and historic rehabilitation.
The federal government grants tax credits to those who construct or rehabilitate low-income housing or who invest in the rehabilitation or preservation of historic structures.
And while many of the traditional tax-advantaged strategies have been eliminated, there are still alternatives left that can help you reduce your taxes.
Some are described below.
Two of the most common types of real estate partnerships are low-income housing and historic rehabilitation.
The federal government grants tax credits to those who construct or rehabilitate low-income housing or who invest in the rehabilitation or preservation of historic structures.
Universal life insurance was developed in the late 1970s to overcome some of the disadvantages associated with term and whole life insurance.
As with other types of life insurance, you pay regular premiums to your insurance company, in exchange for which the insurance company will pay a specific benefit to your beneficiaries upon your death.
As with whole life insurance, a portion of each payment goes to the insurance company to pay for the pure cost of insurance.
The remainder is invested in the company's general investment portfolio, with the potential to build cash value.
As with other types of life insurance, you pay regular premiums to your insurance company, in exchange for which the insurance company will pay a specific benefit to your beneficiaries upon your death.
As with whole life insurance, a portion of each payment goes to the insurance company to pay for the pure cost of insurance.
The remainder is invested in the company's general investment portfolio, with the potential to build cash value.
Estimating your future Social Security benefits used to be a difficult task, but not any longer.
For an estimate of your projected benefits, go to www.ssa.gov/estimator.
The retirement estimator gives estimates based on your actual Social Security earnings record.
The website form will ask you for a number of facts, including your name, Social Security number, date and place of birth, your mother's maiden name, additional information you provide about future earnings, and the age at which you expect to stop working.
For an estimate of your projected benefits, go to www.ssa.gov/estimator.
The retirement estimator gives estimates based on your actual Social Security earnings record.
The website form will ask you for a number of facts, including your name, Social Security number, date and place of birth, your mother's maiden name, additional information you provide about future earnings, and the age at which you expect to stop working.
Annuities are financial vehicles that can be sold only by insurance companies.
Basically, an annuity is a contract between you and an insurance company, which promises to pay you a future income in exchange for the lump-sum payment or premiums that you pay.
The payments specified in the annuity contract will be paid to you during your retirement (or, in some situations, to your beneficiaries after your death).
Annuities can be used to help ensure a steady stream of income in retirement, as well as to help ensure that your spouse and/or designated beneficiary will be taken care of in the event of your death.
Basically, an annuity is a contract between you and an insurance company, which promises to pay you a future income in exchange for the lump-sum payment or premiums that you pay.
The payments specified in the annuity contract will be paid to you during your retirement (or, in some situations, to your beneficiaries after your death).
Annuities can be used to help ensure a steady stream of income in retirement, as well as to help ensure that your spouse and/or designated beneficiary will be taken care of in the event of your death.
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