October 2006 - Posts

posted Monday, October 30, 2006 9:00 AM by Chris Ford :: 0 Comments

Extend your IRA

The tax-deferred growth of a traditional IRA and the tax free growth of a Roth IRA are very valuable. The client can take maximum advantage of these tax shelters by doing an Extended IRA. There are two phases in using the Extended IRA technique: The Read More
posted Thursday, October 26, 2006 9:00 AM by Chris Ford :: 0 Comments

Early Income from and IRA? Sign me up!

Did you know you can take distributions from your IRA at anytime? There is a catch. If you take distributions before age 59½, you will be subject to a 10% IRS sanctioned, early withdrawal penalty as well as the income tax. However, the 10% penalty is Read More
posted Monday, October 23, 2006 9:00 AM by Chris Ford :: 0 Comments

Annuity Interest Rates: Are you expecting too much?

If you are earning 3% now in whatever you have your money in, 4.70% doesn’t sound all that bad. Don’t sacrifice 1.70% more in earnings and hope your future rate predictions come true. Read More
posted Thursday, October 19, 2006 9:00 AM by Chris Ford :: 0 Comments

Annuities and IRAs: How they’re taxed when you pass away.

We know that Annuities, IRAs and Qualified plans are tax deferred. When the owner dies, the income tax liability passes to the beneficiaries. The beneficiaries must pay income tax as they take possession of the assets. An account held by the beneficiary Read More
posted Monday, October 16, 2006 9:00 AM by Chris Ford :: 0 Comments

Top 5 Annuity Benefits

Benefit #1: You pay less in income taxes. With money in taxable alternatives, you pay income taxes on all earnings whether you leave them in or take the earnings out. With an annuity, you pay income taxes on your schedule, typically when you want to take Read More
posted Thursday, October 12, 2006 3:56 PM by Chris Ford :: 0 Comments

Fixed Annuities- Why I love mine

Many of my detractors will point out the surrender charges intrinsic to an annuity as their downfall. I look at it as a positive. It keeps me from cashing out the money and buying something I would not otherwise need, like more hot stocks or a 200 inch TV. Read More
posted Monday, October 09, 2006 9:00 AM by Chris Ford :: 0 Comments

Top 5 Retirement Myths and Solutions

I recently read a survey where a cross section of the general public was asked how they will fund their retirement. The most popular answer: Winning the lottery… Read More
posted Thursday, October 05, 2006 9:00 AM by Chris Ford :: 0 Comments

Annuities: More than meets the eye!

Even if you like your CD, they have some dirty little secrets they haven’t told you. Read More
posted Monday, October 02, 2006 9:00 AM by Chris Ford :: 0 Comments

Annuities- More about tax deferral.

“Annuities offer a fantastic and viable way to defer your taxes and maximize potential returns”! I heard that sentence from a very enthusiastic presenter at a national conference on annuities. However overtly enthusiastic she was, she is right Read More