About Mel Samick

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So far Mel Samick has created 44 blog entries.

The Secure Act Changes for 2024

The SECURE 2.0 Act contained over 90 sections and included numerous IRA and retirement account changes. Additionally, the legislation incorporated staggered effective dates over multiple years. Here is a list of 10 items from the Act scheduled to come on-line in 2024: IRA catch-up contributions will now be indexed for inflation. The QCD (qualified charitable [...]

By |2024-01-12T16:46:13+00:00January 12th, 2024|Uncategorized|0 Comments

January 2024 Best Fixed Savings Rates:

If you like to save money these are the highest rates for savers in over 20-years. Fixed annuities offer savers a chance to earn interest higher than CDs and other bank products. They also provide principal protection from market volatility, which is especially important for investors close to or in retirement. While fixed annuities offer great advantages, they [...]

By |2024-01-12T16:36:02+00:00January 12th, 2024|Savings Plans|0 Comments

An Easy Explanation of Fixed-Index Annuities

How to easily understand fixed-indexed annuities. I joke around because insurance carriers are great at taking something so simple and making it complex, but picture this before we get started. Let's say you're on a road trip with your friends driving through the Mojave Desert. Everything's great. No complaints. As the miles go by on [...]

By |2024-01-12T16:13:00+00:00January 12th, 2024|Annuity Information|0 Comments

Preparing for the Risk of Cognitive Decline

Whether you’re a senior single or couple, as you age you need to be aware the many challenges that come with increased life expectancy. Yet the possibility of diminished intellectual capability may seem outside your daily life. It shouldn’t. If you want to help to prepare for the future, you can’t ignore the unpleasant possibility [...]

By |2023-10-19T10:32:37+00:00October 19th, 2023|Uncategorized|0 Comments

What goes UP doesn’t have to come DOWN.

Lock in for the long term. Our fixed index annuities (FIAs) include an annual reset feature offering: Opportunity when the index is UP. Protection when the index is DOWN. This chart shows how annual reset works. You are protected with a Fixed Index Annuity from Loss of principal - no matter how the market fluctuates – with the advantages of annual [...]

By |2023-10-18T19:09:50+00:00October 18th, 2023|Uncategorized|0 Comments

September 2023 Best Fixed Savings Rates:

If you like to save money these are the highest rates for savers in over 20-years. Fixed annuities offer savers a chance to earn interest higher than CDs and other bank products. They also provide principal protection from market volatility, which is especially important for investors close to or in retirement. While fixed annuities have some advantages, they [...]

By |2023-10-04T19:30:02+00:00October 4th, 2023|Annuity Information|0 Comments

You Earn It. Protect it

Protect a portion of your retirement savings from loss. Death, taxes and … yes, retirement savings are exposed to loss of value. But that’s only part of the problem. The time it takes to make up those losses can be the real issue.  According to a recent industry study, twice as many baby boomers prefer a [...]

By |2023-10-19T10:31:17+00:00October 4th, 2023|Uncategorized|0 Comments

Maximizing Retirement Income: The Connection Between Social Security Optimization and Reverse Mortgages

As reverse mortgage professionals, it is essential to understand how Social Security optimization and reverse mortgages can work together to help you maximize your retirement income. By incorporating these strategies, you can achieve a well-rounded financial solution to maintain your lifestyle and financial security. This article will discuss the connection between Social Security income [...]

Do You have an IRA or 401-k? Read this About Adding an Accumulation Annuity to it.

I would like to share with you a unique strategy to grow and access your money in retirement. It is called the accumulation-focused annuity strategy. The “Accumulation Annuity” strategy, many people with qualified accounts such as a 401(k) and IRA will invest a portion of their future retirement dollars from their IRA or 401-k [...]

By |2023-05-13T16:52:30+00:00May 13th, 2023|Annuity Information|0 Comments

Are You Looking For High Savings Rates – Check Out This Article

May 2023 Best Fixed Savings Rates: If you like to save money these are the highest rates for savers in over 20-years. Fixed annuities offer savers a chance to earn interest higher than CDs and other bank products. They also provide principal protection from market volatility, which is especially important for investors close to or in retirement. While [...]

By |2023-05-11T11:51:33+00:00May 10th, 2023|Annuity Information, Savings Plans|0 Comments
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