Ask the Advisor: Understanding Annuities

By Jonathan Young

Since 2008, Jonathan has been passionate about building trusting relationships with Members to help them reach their financial goals. He believes that financial plans should be built with a specific objective in mind, like living comfortably in retirement, saving for college, or buying a house.

Depending on your investment profile, you may want to consider including an annuity as part of your investment portfolio.  Annuities can have features that provide a more moderate approach to help build retirement savings.  They can also be used to create an income stream you can’t outlive.

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Why it Makes Sense to Work With an Independent Insurance Agent

It sounds easy. Make a quick phone call, save thousands a year on insurance. But to get the right coverage for your specific situation, you need to look beyond low annual premiums. While you might find cheaper policies, they may not adequately protect your property or assets. There’s a better way to save money on insurance.

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10 Money Moves to Make in Your 60s

Entering your 60s could mean you’re getting ready to reap your financial harvest. But, after decades of careful spending and saving, you may still be hesitant to say goodbye to full-time employment. If you’re still carrying high-interest rate debt, making a hefty mortgage payment, or wondering if you have enough money in savings, delaying retirement might be a good idea. Before you exit the workforce, reassess your finances and be prepared to reboot your retirement plan, as needed.

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10 Money Moves to Make in Your 40s

When you reach your 40s, most likely your responsibilities have increased significantly. With that in mind, it’s more important than ever to figure out how to allocate your hard-earned dollars. To manage day-to-day expenses and accomplish your longer-term financial goals, you’ll need a plan you can live with and adjust it to your changing needs.

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Should My Spouse and I File Taxes Jointly or Separately?

Whether it’s something as simple as picking a restaurant or as complex as deciding whether to have children, marriage requires lots of mutual decision-making.

Financial advice

Couples who tie the knot will have another choice to add to that growing list next tax season, as they can either file joint or separate returns. This choice can affect the amount of taxes they owe or the size of their refunds.

Here’s a closer look at these two options and how to determine which filing status is best for you and your spouse.

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