Market Taking a blood bath

Stocks are heading for an absolute bloodbath.

Yesterday, we took out THE line for stocks, DESPITE
the ECB promising to do more.

The clock is ticking on a collapse.

Indeed, we could very well see another 2008-type event.

Corporate debt is back to 2007 PEAK levels.
Stock buybacks are back to 2007 PEAK levels.
Investor bullishness is back to 2007 PEAK levels.
Margin debt (money borrowed to buy stocks) is at 2007 PEAK levels.
Investor complacency is at a record LOW.

We have the very makings of a Crash.

$1000 Referall Program Ends 8/30!

You are going to want to make sure you take full advantage of our summer referral program where you refer a friend, family member or coworker and if they become a client, you will receive $1000 in cash. Now isn’t that a great way to close out summer?

I know we said we would be taking a break from the news, but this article was just so compelling I had to share it with you…

Sincerely,

Warren

Is There Any Such Thing As a Zero Risk Investment? By Warren Elkin, Norhill Wealth Strategies

Transfer-Your-Roth-IRABy Warren Elkin

Wouldn’t it be wonderful if we lived in a world where we could earn a high rate of return on an investment without accepting any risk? While we readily accept that most of us won’t be buying into that type of scenario, as we head closer to retirement age, we would like to have some of our retirement funds in zero risk investments.

What Constitutes a Zero-risk Investment?

A riskless investment is one in which the return on the investment is a known figure and the issuer of the investment is a highly trustworthy agency. Generally speaking, securities offered by the United States government such as Treasury Securities are considered riskless. Although the U.S. government could potentially default on payment, most experts agree that the country would be in dire straits should such a default ever actually occur.

Savings accounts and certificates of deposits, or CDs, at insured financial institutions are also types of zero-risk investments that people have found useful, especially when higher interest rates were available.

Why not choose solely no-risk investments?

A major drawback of zero-risk or low-risk investments is that their yield is extremely low in the present financial environment. People want their capital to earn money, preferably at rates that at least keep up with current inflation rates each year.

According to the U.S. Inflation Calculator, inflation rates in the United States from 2007 to 2013 ranged from a high of over 4% to a low of about .01%. Inflation rates will continue to fluctuate, so those investors who hold onto cash positions actually lose money each year as their purchasing power declines according to the rate of inflation.

While there is no way any financial adviser can guarantee you a high rate of return in exchange for little or no risk, we can advise you in making sound investment decisions where you trade risk for reward as best fits your position and financial requirements. Contact us or visit our website to learn more.

Make sure you have all the facts necessary to make the right decision with your financial future by calling us today! We can help you with information regarding Annuity, Annuities, Fixed Annuity, Fixed Annuities, Variable Annuity, Variable Annuities, Immediate Annuity, Immediate Annuities, Income Annuity, Income Annuities, Deferred Annuity, Deferred Annuities, Index Annuity, Index Annuities, 401k Rollover, IRA Rollover, Retirement Income Planning, Immediate Fixed Annuity, Immediate Fixed Annuities, Annuities Calculator, Deferred Variable Annuity, Immediate variable Annuity, Immediate Income Annuity, Immediate Income Annuities, Deferred Variable Annuities, Best Fixed Annuities,
Best Fixed Annuity, Fixed Deferred Annuities, Fixed Index Annuities, 401k, Rollovers, IRA Rollovers, Advanced Retirement Income Solutions, Retirement, Income Planners, Retirement Income Solutions, Zero Risk Investments.

Speak with us now at 877-476-5051, email Warren at warren@warrenelkin.com, or go to www.warrenelkin.com to learn more about Warren Elkin of Norhill Financial and his unique process to make sure your financial decisions are made in your best interest.

Best Retirement Income Practices by Warren Elkin, Norhill Wealth Strategies

Norhill Wealth Strategies with Warren Elkin

Norhill Wealth Strategies with Warren Elkin

 

Retirement Income Tax Tips. For many of our working years we concentrate on saving for retirement. When the time comes to actually retire, our concerns shift to how best to allocate the funds we worked so hard to save. Your withdrawal plan should be formulated around many factors, including the taxes you’ll need to pay. It’s impossible to get around paying taxes on retirement accounts that were funded with tax-deferred money. However, you can implement an advantageous withdrawal strategy that can provide some tax relief. Consider four retirement income tax tips.

  1. Start with tax-deferred accounts. You’ll pay taxes on 401 (k) and IRA account withdrawals since they were funded with money that is usually removed from your paycheck before income taxes are taken out. However, remember that you can count losses to these accounts, which can help offset the taxes on the withdrawals. Additionally, some of the investment growth will qualify for a lower long-term capital gains rate.
  2. Let tax-free accounts sit as long as possible. We call them tax-free, but in reality you paid taxes on the money before you deposited it. A Roth 401(k) is the most common type of account with this structure. Saving these accounts for last gives the balance more time to grow without the tax burden, giving your overall retirement balance some added cushion.
  3. Remember the government deadlines. Being overly conservative with your withdrawals may bite you in the long run. The federal government requires you to withdraw a minimum amount from 401(k)s and IRAs by the age of 70 1/2. A 50 percent tax awaits those who do not comply.
  4. Be ready to make changes. No two retirement strategies are the same, and the same person’s strategy may change over time. Many factors come into play, including legislation. Tax laws and rules governing retirement accounts change rapidly. Stay up-to-date and make needed adjustments.

Determining how to structure your retirement withdrawals is challenging. The amount of tax to be paid is just one variable to consider. Contact us for help developing a retirement strategy that fits your needs.

Make sure you have all the facts necessary to make the right decision with your financial future by calling us today! We can help you with information regarding Annuity, Annuities, Fixed Annuity, Fixed Annuities, Variable Annuity,Variable Annuities, Immediate Annuity, Immediate Annuities, Income Annuity,Income Annuities, Deferred Annuity, Deferred Annuities, Index Annuity, Index Annuities, 401k Rollover, IRA Rollover, Retirement Income Planning, Immediate Fixed Annuity, Immediate Fixed Annuities, Annuities Calculator, Deferred Variable Annuity, Immediate variable Annuity, Immediate Income Annuity, Immediate Income Annuities, Deferred Variable Annuities, Best Fixed Annuities, Best Fixed Annuity, Fixed Deferred Annuities, Fixed Index Annuities, 401k, Rollovers, IRA Rollovers, Advanced Retirement Income Solutions, Retirement,Income Planners, Retirement Income Solutions, Zero Risk Investments.

Speak with us now at 877-476-5051, email Warren at warren@warrenelkin.com, or go to www.warrenelkin.com to learn more about Warren Elkin of Norhill Financial and his unique process to make sure your financial decisions are made in your best interest.

Best Retirement Income Practices by Warren Elkin, Lifetime Retirement Income Planning

Lifetime Retirement Income Planning with Warren Elkin

Lifetime Retirement Income Planning with Warren Elkin

Retirement Income Tax Tips. For many of our working years we concentrate on saving for retirement. When the time comes to actually retire, our concerns shift to how best to allocate the funds we worked so hard to save. Your withdrawal plan should be formulated around many factors, including the taxes you’ll need to pay. It’s impossible to get around paying taxes on retirement accounts that were funded with tax-deferred money. However, you can implement an advantageous withdrawal strategy that can provide some tax relief. Consider four retirement income tax tips.

  1. Start with tax-deferred accounts. You’ll pay taxes on 401 (k) and IRA account withdrawals since they were funded with money that is usually removed from your paycheck before income taxes are taken out. However, remember that you can count losses to these accounts, which can help offset the taxes on the withdrawals. Additionally, some of the investment growth will qualify for a lower long-term capital gains rate.
  2. Let tax-free accounts sit as long as possible. We call them tax-free, but in reality you paid taxes on the money before you deposited it. A Roth 401(k) is the most common type of account with this structure. Saving these accounts for last gives the balance more time to grow without the tax burden, giving your overall retirement balance some added cushion.
  3. Remember the government deadlines. Being overly conservative with your withdrawals may bite you in the long run. The federal government requires you to withdraw a minimum amount from 401(k)s and IRAs by the age of 70 1/2. A 50 percent tax awaits those who do not comply.
  4. Be ready to make changes. No two retirement strategies are the same, and the same person’s strategy may change over time. Many factors come into play, including legislation. Tax laws and rules governing retirement accounts change rapidly. Stay up-to-date and make needed adjustments.

Determining how to structure your retirement withdrawals is challenging. The amount of tax to be paid is just one variable to consider. Contact us for help developing a retirement strategy that fits your needs.

Make sure you have all the facts necessary to make the right decision with your financial future by calling us today! We can help you with information regarding Annuity, Annuities, Fixed Annuity, Fixed Annuities, Variable Annuity,Variable Annuities, Immediate Annuity, Immediate Annuities, Income Annuity,Income Annuities, Deferred Annuity, Deferred Annuities, Index Annuity, Index Annuities, 401k Rollover, IRA Rollover, Retirement Income Planning, Immediate Fixed Annuity, Immediate Fixed Annuities, Annuities Calculator, Deferred Variable Annuity, Immediate variable Annuity, Immediate Income Annuity, Immediate Income Annuities, Deferred Variable Annuities, Best Fixed Annuities,
Best Fixed Annuity, Fixed Deferred Annuities, Fixed Index Annuities, 401k, Rollovers, IRA Rollovers, Advanced Retirement Income Solutions, Retirement,Income Planners, Retirement Income Solutions, Zero Risk Investments.

Speak with us now at 877-476-5051, email Warren at warren@warrenelkin.com, or go to www.LifeTimeRetirmentIncome.com to learn more about Warren Elkin of Norhill Financial and his unique process to make sure your financial decisions are made in your best interest.

Social Security, Medicare and Cobra by Warren Elkin, Norhill Wealth Strategies

Lifetime Retirement Income Planning with Warren Elkin

Lifetime Retirement Income Planning with Warren Elkin

Decide when to claim Social Security. Social Security statements became available online for the first time in 2012, and more than 1 million people have already downloaded them. Check your statement to make sure your earnings were accurately posted to your Social Security record, and make note of how much you will receive from Social Security at various dates. Most baby boomers can claim the full amount of Social Security they have earned beginning at age 66. Boomers who sign up before age 66 will get a reduced payout. Retirees can further boost their monthly payments by delaying claiming up until age 70. You don’t have to sign up for Social Security in the year you officially retire.

Sign up for Medicare on time. You can first sign up for Medicare beginning three months before the month you turn 65. This initial enrollment period lasts until three months after age 65. If you don’t sign up during this seven-month window around your 65th birthday, your monthly premiums will increase by 10 percent for each 12-month period you were eligible for, but did not enroll in, Medicare Part B. If you are covered by a group health plan based on your or your spouse’s current employment after age 65, you need to sign up within eight months of leaving the job or health plan to avoid the penalty. For people who retire before age 65, you need a plan to maintain health coverage until you become eligible for Medicare, such as through COBRA continuation coverage or a spouse’s health plan.

Make sure you are vested in your retirement benefits. While you always get to keep the money you contribute to your workplace retirement account, you don’t necessarily get to keep your employer’s contributions until you are vested in the retirement plan. Some retirement accounts don’t allow you to keep any employer contributions until you have been with the company for a specific number of years, while others allow you to keep a proportion of your benefit based on your years of service. Find out the date upon which you can keep all of your benefits, especially if you have only been with your current employer for a few years. In some cases, it can be worth it to stick around for a few extra weeks or months to get a bigger retirement payout.

Protect your savings. Shift your primary investment strategy from growth to protecting what you have.

Spend down your assets. Retirees need a plan for how they will convert their retirement savings into a stream of income that will pay their monthly bills. Factor in the income tax that will be due on traditional 401Ks and IRA withdrawals.

Don’t forget to take the required minimum distributions from your traditional 401K and IRA accounts. There is a stiff 50% penalty for failure to take distributions by 70 1/2.

Make sure you have all the facts necessary to make the right decision with your financial future by calling us today! We can help you with information regarding Annuity, Annuities, Fixed Annuity, Fixed Annuities, Variable Annuity,Variable Annuities, Immediate Annuity, Immediate Annuities, Income Annuity,Income Annuities, Deferred Annuity, Deferred Annuities, Index Annuity, Index Annuities, 401k Rollover, IRA Rollover, Retirement Income Planning, Immediate Fixed Annuity, Immediate Fixed Annuities, Annuities Calculator, Deferred Variable Annuity, Immediate variable Annuity, Immediate Income Annuity, Immediate Income Annuities, Deferred Variable Annuities, Best Fixed Annuities,
Best Fixed Annuity, Fixed Deferred Annuities, Fixed Index Annuities, 401k, Rollovers, IRA Rollovers, Advanced Retirement Income Solutions, Retirement,Income Planners, Retirement Income Solutions, Zero Risk Investments.

Speak with us now at 877-476-5051, email Warren at warren@warrenelkin.com, or go to www.warrenelkin.com to learn more about Warren Elkin of Norhill Financial and his unique process to make sure your financial decisions are made in your best interest.

Social Security, Medicare and Cobra by Warren Elkin, Lifetime Retirement Income Planning

Lifetime Retirement Income Planning with Warren Elkin

Lifetime Retirement Income Planning with Warren Elkin

Decide when to claim Social Security. Social Security statements became available online for the first time in 2012, and more than 1 million people have already downloaded them. Check your statement to make sure your earnings were accurately posted to your Social Security record, and make note of how much you will receive from Social Security at various dates. Most baby boomers can claim the full amount of Social Security they have earned beginning at age 66. Boomers who sign up before age 66 will get a reduced payout. Retirees can further boost their monthly payments by delaying claiming up until age 70. You don’t have to sign up for Social Security in the year you officially retire.

Sign up for Medicare on time. You can first sign up for Medicare beginning three months before the month you turn 65. This initial enrollment period lasts until three months after age 65. If you don’t sign up during this seven-month window around your 65th birthday, your monthly premiums will increase by 10 percent for each 12-month period you were eligible for, but did not enroll in, Medicare Part B. If you are covered by a group health plan based on your or your spouse’s current employment after age 65, you need to sign up within eight months of leaving the job or health plan to avoid the penalty. For people who retire before age 65, you need a plan to maintain health coverage until you become eligible for Medicare, such as through COBRA continuation coverage or a spouse’s health plan.

Make sure you are vested in your retirement benefits. While you always get to keep the money you contribute to your workplace retirement account, you don’t necessarily get to keep your employer’s contributions until you are vested in the retirement plan. Some retirement accounts don’t allow you to keep any employer contributions until you have been with the company for a specific number of years, while others allow you to keep a proportion of your benefit based on your years of service. Find out the date upon which you can keep all of your benefits, especially if you have only been with your current employer for a few years. In some cases, it can be worth it to stick around for a few extra weeks or months to get a bigger retirement payout.

Protect your savings. Shift your primary investment strategy from growth to protecting what you have.

Spend down your assets. Retirees need a plan for how they will convert their retirement savings into a stream of income that will pay their monthly bills. Factor in the income tax that will be due on traditional 401Ks and IRA withdrawals.

Don’t forget to take the required minimum distributions from your traditional 401K and IRA accounts. There is a stiff 50% penalty for failure to take distributions by 70 1/2.

Make sure you have all the facts necessary to make the right decision with your financial future by calling us today! We can help you with information regarding Annuity, Annuities, Fixed Annuity, Fixed Annuities, Variable Annuity,Variable Annuities, Immediate Annuity, Immediate Annuities, Income Annuity,Income Annuities, Deferred Annuity, Deferred Annuities, Index Annuity, Index Annuities, 401k Rollover, IRA Rollover, Retirement Income Planning, Immediate Fixed Annuity, Immediate Fixed Annuities, Annuities Calculator, Deferred Variable Annuity, Immediate variable Annuity, Immediate Income Annuity, Immediate Income Annuities, Deferred Variable Annuities, Best Fixed Annuities,
Best Fixed Annuity, Fixed Deferred Annuities, Fixed Index Annuities, 401k, Rollovers, IRA Rollovers, Advanced Retirement Income Solutions, Retirement,Income Planners, Retirement Income Solutions, Zero Risk Investments.

Speak with us now at 877-476-5051, email Warren at warren@warrenelkin.com, or go to www.LifeTimeRetirmentIncome.com to learn more about Warren Elkin of Norhill Financial and his unique process to make sure your financial decisions are made in your best interest.

Are All Annuities Created Equal?

During the holiday season, I was a part of many celebratory meals where family, friends and food were the main attraction.  One evening at a potluck, we were surveying a particularly full dessert table that boasted five different kinds of cookies.  While most of us paused in indecision, one guest remarked, “they’re all cookies, they’re all the same so there’s no bad choice to make!” But is that really the case?

It’s hard for me to ever turn off my analytical nature, even in the face of sugar and carbohydrates, so to me this observation was far from the truth.  My mind immediately leapt to the idea of annuities, and how many of my clients feel all annuities are created equally.

The truth is, they’re not.  Just like each of those cookies had a unique aesthetic, caloric content and taste, each annuity has a varying return for particular clients.  Admittedly I’m no help with decisions about sweets, but I do know that in finance many investments may look equally appealing to my clients. Annuities are one of the most misunderstood products in the industry today. Do you know how to separate all the myths, misconceptions, and opinions about annuities from facts that would help you make a sound financial decision?  Consider setting up an appointment with me before you make an important choice by calling 877-476-5051.

In particular, Fixed Index Annuities stand out among the platters of investments shown to investors.  That’s because they offer a minimum rate of return called an “income floor” that grows for purposes of income.  The result ranges from 4% as a minimum rate of return to as high as 8% per year compounding.

With a fixed index annuity, your income could be even higher if the market outperforms that 8% per year.  When you or your spouse finally decides to turn on the income, you will receive lifetime income; in addition, you can still maintain control and access to your money when you decide you need it.

The income from a Fixed Index Annuity also does not cease once you pass away (in most cases), so your spouse can keep building on the contract and better take care of your heirs in the future.  While there are still fees, they are considered very minimal in comparison to other plans.

Now that the holiday feasting is behind us, make sure you’re filling your wallet as much as you filled your belly!

There are some variances in the contracts for different Fixed Index Annuities, so make sure you have all the facts necessary to make the right decision with your financial future by calling us today! Speak with us now at 877-476-5051, email Warren at warren@warrenelkin.com, or go to www.warrenelkin.com to learn more about Warren Elkin and his unique process to make sure your financial decisions are made in your best interest.

Photo courtesy of: www.foodnetwork.com