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Retire On Purpose, With Purpose

 
When it comes to managing your retirement, a small mistake can cause a major loss of capital. That is why it's important to speak with a financial advisor who is familiar with your Company's benefits. Schedule a call today..  
 
 
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Need Tax Help? 2020 Year-End Tax Tips

Sep 2, 2023 1:30:18 AM
written by The Retirement Group

 


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posted in Financial Planning, Lump Sum, Pension, Retirement Planning

Wills: The Cornerstone of Your Estate Plan

Jul 13, 2023 10:26:25 AM
written by The Retirement Group

 


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posted in Financial Planning, Lump Sum, Pension, Retirement Planning

Retirement Plans for Small Businesses

Jun 7, 2023 3:19:17 PM
written by The Retirement Group

As a business owner, you should carefully consider the advantages of establishing an employer-sponsored retirement plan. Generally, you're allowed certain tax benefits for establishing an employer-sponsored retirement plan, including a tax credit for establishing the plan and a deduction for contributions you make. In return, however, you're required to include certain employees in the plan, and to give a portion of the contributions you make to those participating employees. Nevertheless, a retirement plan can provide you with a tax-advantaged method to save funds for your own retirement, while providing your employees with a powerful and appreciated benefit.

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posted in Financial Planning, Lump Sum, Pension, Retirement Planning

Social Security Disability Benefits

Jun 7, 2023 2:38:35 PM
written by The Retirement Group

 


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posted in Financial Planning, Lump Sum, Pension, Retirement Planning

Market Month: May 2023

Jun 1, 2023 11:23:43 AM
written by The Retirement Group

The Markets (as of market close May 31, 2023)

Before reviewing your company 401(k) plan, check out how the market can affect your retirement. The markets in May were marked by ongoing volatility. Inflation, questions over the direction of monetary policy, and slower liquidity growth impacted equities. The ongoing debt ceiling negotiations cast a cloud over financial markets for much of May. Investors worried about the ramifications of inaction as the June 5 deadline loomed. Even after the president and House speaker reached an agreement toward the end of May, concerns persisted over whether Congress would pass the bill to lift the $31.4 trillion U.S. debt ceiling.


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posted in Financial Planning, Lump Sum, Pension, Market

AT&T’s Retiree Pension Payments Taken Over by Athene

May 9, 2023 3:19:52 PM
written by The Retirement Group

Understanding the Shift: AT&T's Retiree Pension Payments Transferred to Athene

AT&T has made changes to its pension plan for retirees. Beginning with the August pension payment, AT&T will transfer the assets and liabilities associated with the pension plan to Athene, a financial institution that manages pension group annuities for several other companies. This change does not affect the amount of the monthly pension payment. Retirees will receive monthly payments from Athene instead of the AT&T Pension Benefit Plan. The change impacts about 96,000 retirees who receive certain monthly pension benefits from AT&T.


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posted in Healthcare, Pension, AT&T, 2023

How Layoffs Can Have Negative Long-Term Consequences for Companies

May 2, 2023 11:41:32 AM
written by The Retirement Group

 


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posted in Financial Planning, Lump Sum, Pension, Retirement Planning

Financial Survival After a Job Loss

Mar 15, 2023 8:29:00 AM
written by The Retirement Group

 


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posted in Financial Planning, Lump Sum, Pension, Retirement Planning

What is a Mega Roth IRA?

Mar 14, 2023 12:15:00 PM
written by The Retirement Group

The mega backdoor Roth IRA is a strategy ‘highly compensated employees’ or HCEs at Fortune 500 can use to increase retirement savings and shelter investment growth from taxes in retirement.


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posted in Financial Planning, Lump Sum, Pension, Retirement Planning, Retirement, ExxonMobil, Chevron, Verizon, Northrop Grumman

Life Insurance and Terminal Illness

Mar 14, 2023 11:15:00 AM
written by The Retirement Group

 

 

If you are terminally ill, your life insurance policy is a valuable resource. Not only can you use life insurance to provide adequate income to your survivors for their short- and long-term needs, but you also may be able to receive a portion of the death proceeds from your life insurance before you die in order to pay necessary expenses or to fulfill a dream.

Guaranteed Insurability Rider

When you are terminally ill, you pose an obvious risk to an insurance company, and you will probably be unable to buy additional life insurance coverage. However, if you purchased a guaranteed insurability rider (additional purchase option) when you bought your policy, you may be able to buy additional life insurance without providing proof of medical insurability.


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posted in Financial Planning, Lump Sum, Pension, Retirement Planning

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Information regarding the lump-sum payout may or may not apply to specific employees based on factors such as mergers, acquisitions, years of service, age, or the date an employee was hired.