Planning for retirement involves choosing the right savings plan, but the differences between 401(k) vs. 403(b) vs. 457 can be confusing. Whether you work in the private sector, a nonprofit, or a government job, understanding the pros and cons of these tax-advantaged accounts is crucial.
This guide provides a detailed 401(k) vs. 403(b) vs. 457 comparison, including investment options, employer matching, annuities, taxes, and contribution limits. If you’re wondering which plan is best for your retirement, this article will help you decide. Read More
Retirement tax planning is essential to ensuring financial security in your golden years. Without proper planning, taxes can eat into your savings, reducing the income you depend on. However, with smart strategies—such as leveraging annuities and life insurance—you can optimize your tax liability while ensuring a steady income stream for the rest of your life.
This guide will explore how to reduce taxes in retirement, maximize your income, and integrate tax-efficient financial tools like annuities and life insurance into your plan. Read More
When most people think of life insurance, they envision a policy that provides financial security for their loved ones after they pass away. However, life insurance, particularly Indexed Universal Life Insurance (IUL), can be a powerful financial tool that enhances your retirement plan in multiple ways. Beyond providing a death benefit, an IUL can offer tax advantages, cash value growth, and flexible income strategies that support a stable and secure retirement.
What is Indexed Universal Life Insurance (IUL) and How Does It Work?
If a Retirement Plan or Annuity is Qualified, This Means…
When planning for retirement, understanding how your income sources will be taxed is crucial. One key concept to grasp is whether a retirement plan or annuity is qualified or non-qualified. These classifications directly impact how contributions, growth, and withdrawals are taxed—affecting your financial strategy both before and during retirement.
What Does “Qualified” Mean in Retirement Planning?
A qualified retirement plan or annuity meets specific requirements set by the IRS and the Employee Retirement Income Security Act (ERISA). These plans are typically tax-advantaged, meaning contributions are made pre-tax, investments grow tax-deferred, and distributions are taxed as ordinary income when withdrawn. Read More
Brent Meyer, founder of SafeMoney, interviews Derick S. Buckley, a certified IFW financial professional and the principal of The Buckley Insurance Group, LLC. In this discussion, they delve into Derick’s unique approach to retirement planning, his commitment to client success, and his insights on the industry.
Spotlight interview with Brent Meyer and Derick Buckley
Brent Meyer: Derick, thank you for joining me today. Let’s start with your retirement planning philosophy. What’s the core principle that drives your approach?
Derick Buckley: Thank you, Brent. Our philosophy is simple: financial education goes beyond numbers. It’s about helping people ‘Get There’ and live their best lives in retirement. We strive to provide clear, unbiased, fact-based financial guidance and solutions that allow our clients to enjoy retirement without the stress of running out of money.
Brent Meyer: That’s a powerful vision. Your agency is well-regarded for its client-first approach. Can you tell us about your experience and the reputation you’ve built? Read More
As we step into 2025, the IRS has implemented several updates to tax rates, retirement contributions, and savings account limits, reflecting inflation adjustments and evolving economic considerations. For individuals, families, and businesses, staying informed about these changes is essential to optimizing tax strategies and retirement planning. Here’s a comprehensive guide to the most critical updates for 2025 compared to 2024. Read More
Retirement planning is one of the most important financial tasks you’ll ever undertake. Whether you’re in your 40s, 50s, or 60s, there are strategies to set you up for financial stability in your golden years. However, the earlier you start, the better. This article will walk you through when to begin, what steps to take at different stages of life, and why starting early provides unmatched advantages.
If you follow Donald Miller’s guidelines for communication clarity, you’ll find this article simple, actionable, and relatable—focusing on the solutions that help you secure your financial future. Read More
Retirement is just around the corner, and if you’re like many Americans in your 50s, 60s, or even early 70s, you’re probably wondering: Have I saved enough? Can I handle unexpected expenses? How can I make my money last?
For those earning between $60,000 and $150,000, balancing your current lifestyle with the need to save for the future can feel overwhelming. But the truth is, you don’t need to be wealthy to enjoy a financially secure retirement. With a smart, simple plan, you can address common challenges like rising healthcare costs, ensuring your savings last, and making the most of your remaining working years. Read More
Retirement marks a pivotal milestone—a transition from the structured world of work to a life of freedom and self-determination. But how do you know if it’s the right time to take the leap? Whether you’re eager to explore new adventures or questioning if your finances are enough to sustain you, here are eight key signs that indicate you may be ready to retire and start enjoying this next chapter of your life.
1. Your Finances Are Strong and Stable
Financial security is the foundation of a successful retirement. To feel confident in stepping away from work, you should ensure that your savings, investments, and income streams align with your desired lifestyle. Experts suggest having at least 10–12 times your annual salary saved by retirement. However, the exact amount depends on your spending habits and goals. Read More
In times of economic uncertainty, gold has long been viewed as a safe haven for investors. But is buying gold right now a smart financial move? With inflation concerns, market volatility, and geopolitical tensions dominating headlines, the appeal of gold has grown stronger.
However, like any investment, gold isn’t without its drawbacks. In this article, we’ll explore the pros and cons of buying gold, key considerations when purchasing it, smart alternatives for protecting your wealth, and how gold compares to financial products like annuities and life insurance. Read More
Start a Conversation About Your Retirement What-Ifs
Start a Conversation About Your Retirement What-Ifs
Already working with someone or thinking about getting help? Ask us about what is on your mind. Learn More
What Independent Guidance Does for You
What Independent Guidance
Does for You
See how the crucial differences between independent and captive financial professionals add up. Learn More
Stories from Others Just Like You
Stories from Others
Just Like You
Hear from others who had financial challenges, were looking for answers, and how we helped them find solutions. Learn More
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