Social Security Tip of the Month: If I am married and my spouse already has filed for Social Security, can I collect half of his benefit and wait to claim my own retirement benefit later? Probably not. The procedure you are describing is called “filing a restricted application” (filing for one benefit before the [...]
Today, we're going to be talking about a split annuity. What is a Split annuity? A split-annuity strategy involves purchasing two types of annuity contracts: immediate and deferred. The immediate annuity would provide a current income stream during the early years of retirement, and the deferred annuity would have the potential to provide a future [...]
Many people today no longer have the benefit of depending on company provided pension plans to supplement their retirement income. The responsibility has shifted to the individual to utilize other financial vehicles to create enough savings to live a stress-free retirement. I want to discuss “How to Live a Stress-Free Retirement”. The reason I chose [...]
I wanted to ask you a question. Picture yourself getting buckled in on a flight, headed to San Diego from New York. You've got your favorite book, some good snacks, and you're ready to go. Then the pilot gets on the intercom and says, "Ladies and Gentlemen, thank you for flying with us. The weather [...]
Hi, this is Mel Samick, I want to discuss the topic today about how to protect your financial assets. With today's longer life expectancies, you should plan for a much longer retirement. While that's a good thing, it does expose you and make you more vulnerable to market volatility, and your assets could run [...]
This is a great article that I read recently. I believe it explains how to protect your portfolio from running out of money in your lifetime. Please enjoy. Mel What You Need to Know Morningstar estimates that the standard rule of thumb should be lowered to 3.3% from 4%. Equity-heavy or 50/50 stock/bond portfolios give [...]
Myth #1: Fixed indexed annuities are not tax efficient. Fixed Index Annuities (FIA’s) may be a valuable solution for those looking to grow their retirement savings because they are a long-term, tax-deferred product. Annuities allow retirement savings to grow without being reduced by tax payments – another appealing reason to consider an annuity. In fact, annuity earnings [...]
My name is Mel Samick, my topic today is how to maximize lifetime income using an indexed annuity. What we'll do today is discuss what an indexed annuity is and how they're used. Then we'll take a look at some of the inner workings of the annuity. Indexed annuities are used for retirement planning. [...]
By Melvin Samick, Excalibur Life Insurance & Annuity Solutions My name is Mel Samick. My topic of discussion is, how to create your own pension using an annuity. I want to bring this up because a pension creates lifetime income. We know the importance of creating, not an accumulation plan, but an income plan, one that [...]
See how the benefits of a fixed index annuity work together to keep retirement income planning on track. We look at six top fixed index annuity benefits: principal protection, tax deferral, growth opportunities, liquidity, guaranteed income and beneficiary payments. In a relay race, the strength of the team outweighs the abilities of a single [...]