Retirement Strategies

Section 403(b) Plans (Tax-Deferred or Tax-Sheltered Annuity Plans) What Is a Section 403(b) Plan? There are two general types of 403(b) plans: voluntary-only salary deferral or reduction plans in which employees allocate a portion of their pre-tax compensation to the 403(b) plan, generally not operated as part of ERISA, and plans in which employers make contributions

When Should I Apply? There are a number of factors to consider when deciding including: How is your Health Consider you and your spouses life expectancy Does your family line tend to live a long time Do you feel one spouse will outlive the other by a good number of years What you decide will

What Is a Deferred Annuity? An annuity is a contract under which an insurance company agrees to pay income to an individual in return for one large premium payment or a series of smaller payments. Consumers purchase annuities with different strategies in mind. Some want to take payments over a fixed period or for their

IRA What is the best accumulation vehicle to help supplement your retirement? Depends …Depends on what? Depends on your current income, and on your current marginal tax bracket. It also depends on how you feel about your future marginal tax bracket. If you are convinced you will be in a lower bracket at retirement, a Traditional