Tag Archive

6 Steps to Financial Literacy

Published on February 23, 2015 By Tim Barton

While you don’t have to become a financial expert, you should develop an understanding of financial concepts such as these: 1.  The difference between saving and investing: Some people think these are one and the same, but they’re not. The focus in saving is on preserving money that you accumulate over time. Money that is […]

The 3 Sources of Retirement Income

Published on February 19, 2015 By Tim Barton

  What Are the Available Sources of Retirement Income? When you retire and your earning power ceases, you will have to depend on three primary sources for your retirement income:   Social Security According to the Social Security Administration, the average retired worker in 2015 receives an estimated $1,328 monthly benefit, about 40% of average […]

Understanding Required Minimum Distributions

Published on February 12, 2015 By Tim Barton

The primary  goal of most retirees is to have adequate retirement money they will not outlive.  This goal could conflict withthe objective of the required minimum distribution rule which is to ensure that the entire value of a traditional IRA or employer-sponsored qualified retirement plan account will be distributed over the IRA retiree’s life expectancy. The big question is what happens […]

What is Trust?

Published on January 25, 2015 By Tim Barton

The word “trust” is applied to all types of relationships, both personal and business, to indicate that one person has confidence in another person. For our purposes, a trust is a legal device for the management of property. Through a trust, one person (the “grantor” or “trustor”) transfers the legal title to property to another […]

Free Download- Managing Your Financial Life

Published on January 13, 2015 By Tim Barton

Taking control of your finances and your financial future can help you reach your desired destinations in life. You want to control your finances, not let them control you.  You can do this by creating a strong financial foundation upon which you then build or live a satisfying retirement. The Managing your Financial Life guide […]

2015 Chart of Federal Individual Tax Rates

Published on January 8, 2015 By Tim Barton

Did you have a New Year dream that taxes disappeared? I didn’t think so. 2015 is here and will be over before we know it. Since taxes are fact of life we all must plan with them in mind. Here is a table/chart of 2015 Federal Income Tax Rates for Individuals to help plan ahead.  For […]

When a Loved One Dies…

Published on January 5, 2015 By Tim Barton

In order to relieve loved ones of additional stress, anxiety and expense at the time of a death in the family, consider recording as much information as possible in advance and providing copies to family members. Using our When a Loved One Dies Life Guide, you’ll be able to record and share the following information: […]

What Is a Power of Attorney?

Published on November 10, 2014 By Tim Barton

Durable Power of Attorney What Is It? A power of attorney is a written document in which one person — the principal — authorizes another person — the attorney-in-fact — to act on the principal’s behalf. What Authority Is Granted by a Power of Attorney? The authority granted by a power of attorney depends on […]

She Solved Her Retirement Needs. And So Can You

Published on September 24, 2014 By Tim Barton

Need retirement income you can’t outlive? Have coffee with Meg. Take a video break and learn how Meg uses a single premium immediate annuity (SPIA) to alleviate concerns about outliving her retirement assets and being unable to meet monthly expenses. Retire with Confidence People are living longer than ever before, meaning  that unpredictable market performance, higher  […]

5 Reasons People Give

Published on August 7, 2014 By Tim Barton

According to the Giving USA Foundation, individual giving accounted for 72% of all contributions to charitable organizations in 2012.  Source: Giving USA Foundation™ – Giving USA 2013 Highlights People give to charities for a variety of reasons. They give: Because they have compassion for the less fortunate. From a belief that they owe something back […]

Teaching Grandkids about Money… Money Does Not Grow on Trees

Published on July 25, 2014 By Tim Barton

At this point in our lives we’ve raised our own kids and hopefully the values we struggled to impart before they left home have become part of their family lives.  Now they’re raising  our grandchildren and like us, when we were new parents our kids will try to bring all of their life lessons into the mix.  The […]

5 Retirement Planning Obstacles

Published on July 16, 2014 By Tim Barton

What Are the Obstacles to Successful Retirement Planning? There are a number of obstacles that you may face in planning for your retirement:  Discipline to Save  Many people find it difficult to form the habit of “paying themselves first,” by making regular deposits to a savings plan.  Saving to Spend  Money is saved for retirement […]

Return of Money Trumps Return on Money / Happier Retirees

Published on July 9, 2014 By Tim Barton

Return of Money Trumps Return on Money Gallup March 31,2014 “United States investors are generally a cautious group when thinking about risk versus return options for their retirement savings.” Nearly 2 thirds (66%) of investors surveyed by Gallup said a guarantee that their initial investment was secure even if that meant lower growth potential; outranked […]

What is a Qualified Retirement Plan?

Published on June 25, 2014 By Tim Barton

  A qualified retirement plan is a program implemented and maintained by an employer or individual for the primary purpose of providing retirement benefits and which meets specific rules spelled out in the Internal Revenue Code. For an employer-sponsored qualified retirement plan, these rules include: The plan must be established by the employer for the […]

Long Term Care Insurance Solution

Published on June 9, 2014 By Tim Barton

  Long-term care insurance purchased today can help provide you with the financial security you need and deserve in your retirement years. By acting today, you will have protection to help pay for whatever long-term care needs a long life brings! Long-term care refers to help with daily activities needed by people with disabilities or […]

U.S. Healthcare per Person Costs…

Published on June 5, 2014 By Tim Barton

According to Insurance News the cost of health care in the United States is approximately $9,000 per person.   As a country we spend $2.8 trillion or about 17.2% of gross domestic product on healthcare.  Some think the cost is too high but remember for the most part this spending is going to create maintain good […]

Avoiding Probate

Published on June 1, 2014 By Tim Barton

Probate is simply the Latin word for prove, which means that the estate probate process is the process by which your will is brought before a court to prove that it is a valid will. The courts charged with this responsibility are generally known as probate courts, which may actually supervise the administration or settlement […]

Marriage Penalty Relief

Published on April 28, 2014 By Tim Barton

  A married couple may file a joint tax return and be treated as one taxpayer, so that taxes are paid on the couple’s total taxable income. While a married couple may file separate returns, this usually results in higher taxes than filing jointly. The so-called “marriage penalty” results when the combined tax liability of […]

Odds of Surviving Critical Illness Dramatically Increase

Published on March 18, 2014 By Tim Barton

With advances in medical treatment and technology, many people now survive critical illnesses that would have been fatal in the past.  As a result of this increased life expectancy senior Americans have the opportunity to watch grandkids grow into adulthood and start families of their own.  Enjoying some great grandkids is a real possibility. Some […]

The Estate Tax Bill

Published on February 25, 2014 By Tim Barton

The federal government will not accept a percentage of your estate as payment for your estate tax bill. Instead, your estate tax bill must be paid in cash, and it must be paid within nine months after your death. If your estate is subject to the federal estate tax, there are FOUR ways to provide […]