Archive For The “Finance” Category
What can a fixed index annuity do to help me retire in peace?
By Jorge Hiram Garcia, Your Insurance Advisor | March 6, 2012
Fixed index Annuities can be great solutions for your retirement concerns With roughly 10,000 baby boomers retiring every day, many retirement-age individuals feel that the lack of a solid retirement plan continues to keep them up at night and cause them to work longer than they originally planned. Many people facing retirement, while coming from [...]
Teach Your Child Financial Literacy
By Jorge Hiram Garcia, Your Insurance Advisor | February 28, 2012
Financial literacy means to have the ability to understand not just how money works, but also how to make financial choices, planning for future needs and wants, and managing life changing events such as the loss of a job, planning for retirement, paying for a wedding or paying for college. Financial literacy can also have [...]
Falling Reputations Hurt Financial Services Giants Where It Counts
By Jorge Hiram Garcia, Your Insurance Advisor | February 25, 2012
Companies in the financial services industry have been getting increasingly negative perceptions lately. The abuses of some have cast the entire industry in doubt. Recently, Harris Interactive’s 13th annual reputation poll, which ranks the opinions of American consumers regarding the reputation of the 60 most visible companies in the United States, published its results. Four [...]
Congressional Update: Stretch IRA Provision Removed
By Jorge Hiram Garcia, Your Insurance Advisor | February 22, 2012
A provision in Senate legislation that would have reduced the value of inherited IRA’s has been removed. Industry officials said an amendment introduced to S. 1813, the Highway Investment, Job Creation and Economic Growth Act, by Sen. Harry Reid, D-Nev., Senate majority leader, last Thursday, effectively killed the provision without the need for floor action. [...]
A Quick Review of the IRA Contribution Rules for 2011 as of February 2012
By Jorge Hiram Garcia, Your Insurance Advisor | February 15, 2012
A taxpayer who has earned income from a job may be eligible to make an IRA contribution. However, that taxpayer might not be eligible to deduct the traditional IRA contribution, make the contribution to a Roth IRA, or make a contribution to a spousal IRA. If the taxpayer is age 70½ or older by the [...]
Good News for Your 2011 Tax Return
By Jorge Hiram Garcia, Your Insurance Advisor | February 15, 2012
There’s still time to make 2011 IRA contributions If you’re just beginning to think about completing their 2011 income tax returns, they you might also be thinking about doing some last-minute tax planning. A popular move at this time of the year is to make a last minute contribution to yoru IRA. 2011 IRA contributions [...]
Congressional Update: House Repeals CLASS
By Jorge Hiram Garcia, Your Insurance Advisor | February 9, 2012
Recent news from Congress: House votes to repeal CLASS Act The House voted last week to repeal the Community Living Assistance Service and Supports (CLASS) Act, a part of the Affordable Care Act. Republicans have been working to repeal the health reform law since December, a few months after the U.S. Department of Health & [...]
Government Promoting Annuities…Finally
By Jorge Hiram Garcia, Your Insurance Advisor | February 9, 2012
Annuities are a great vehicle for retirement savings because they can help us make sure we have a guaranteed stream of income for a set period of time. We can even make sure we have a guaranteed income stream for life. The feds are now promoting annuities for these exact features to help retirees ensure [...]
Annuities can be extremely flexible financial instruments, but many consumers do not know, or understand, what an annuity is and how it fits into an investment portfolio. So, what is an annuity? An annuity is a financial instrument, or product, that provides a steady income stream through a series of payment distributions. An annuity is, [...]
Annuities: What is a Charitable Gift Annuity
By Jorge Hiram Garcia, Your Insurance Advisor | June 17, 2010
A Charitable Gift Annuity is a type of Single Premium Immediate Annuity. Charitable Gift Annuities can be a great way to for the average person to help or contribute a significant amount of money to their favorite charity or church. With a Charitable Gift Annuity, a person can transfer cash, or marketable securities to a [...]
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