With Labor Day behind us, summer has officially come to a close. As we get the kids and grandkids back to school, we're back to the "real world" of responsibilities and routine. Hopefully part of your usual routine is making sure you're staying on top of your finances, including double checking that you've got a plan in place for retirement. Don't procrastinate until it's too late.
The Wealth Report this month focuses on some of the effects of the tax changes that recently went into place and how they've impacted charitable giving and deductibility of donations. If you're someone who places importance on philanthropy and charitable giving, then this article will give you some ideas for ways to continue giving while also capturing some potential tax incentives despite the increased standard deduction that is now in place.
We're also including a repeat of the paper we included last month that shows how using annuities to provide guaranteed lifetime income can drastically reduce both longevity risk and market risk to give you better odds of succeeding in retirement.
Anybody who has met with us or read our articles in the past knows that we're big proponents of (properly) using annuities as part of an overall retirement plan, so it's nice to see that the general consensus is coming more into alignment with that idea. In our opinion, it's just common sense to use annuities to provide at least a portion of your retirement income, because that's what annuities are designed to do. Annuities are what most pensions are paid with and most people love having a pension, so why not create your own with an annuity?
there is anything we can assist you with, then just let us know.
And, as always, remember -
The purpose of the money dictates where you put it.