Tag: guaranteed income

Your information and the Equifax data breach

Senator Elizabeth Warren introduced a bill preventing credit reporting agencies from profiting off of credit freezes. She also called for a more thorough investigation. The Federal Trade Commission and the Consumer Financial Protection Bureau are already looking into the breach.

Suspected unlicensed contractors caught They were two of the state’s most wanted unlicensed contractors and they’ve finally been arrested. We’ve been investigating Rafaela and Hugo Juarez for years. They’re accused of fraud and theft, taking $138,000 from homeowners in the West Valley. They were unlicensed, but contracted for landscaping and remodel work […]

Full Post at www.abc15.com

Our daily roundup of retirement news your clients may be thinking about.

Why clients should avoid tapping retirement plans after disasters
The IRS is relaxing certain rules to make pulling money from retirement plans easier amid recent disasters caused by Hurricanes Irma and Harvey, but people must remember that the taxes and penalties associated with withdrawals are unchanged, according to the Arizona Republic . Loans from retirement plans could be a better option rather than directly getting money from plans, but loans would have to be paid back with after-tax money. An emergency fund, created separate from […]

Full Post at www.bankinvestmentconsultant.com

Annuities can be a great way for retirees to receive guaranteed income for life. But you may not be able to keep all the money you receive from an annuity because the IRS may demand a cut. Whether or not your payments are taxable will depend on how you paid for the annuity.

If you use pre-tax money (including money from a traditional IRA or 401(k) that you didn’t pay taxes on) to buy an annuity, then the annuity payments are fully taxable as income. For example, say you used some of the money in your 401(k) to buy an […]

Full Post at www.nwitimes.com

Communicating with customers about their finances is key to helping them understand what they have and, just as importantly, what they can do with their money to improve their lot.

But there is a danger in communicating with customers who have little or no financial savvy, in that they could be tempted to make a decision about their financial affairs without knowing all the facts.

No matter which area of your personal finances you look at, making a snap decision based on one piece of information has a real chance of impacting in another area that you simply had not expected.For […]

Full Post at www.ftadviser.com

American Equity Investment Life Holding’s first fee-based fixed indexed annuity (FIA) broadens the appeal of the company’s FIA family of annuities to fee-based advisors, the company said.

American Equity, based in West Des Moines, Iowa, is the latest company to launch a fee-based FIA.

Voya Financial, Allianz Life, Lincoln Financial and Great American have launched fee-based FIAs over the past 13 months.American Equity’s FIA, marketed as Eagle Advisory 8 and launched Aug. 30, joins commission-based Eagle Select 6, Eagle Select 8 and Eagle Select 10 in Eagle Life Insurance’s FIA line. Eagle is a subsidiary of American Equity.Eagle Advisory 8 comes […]

Full Post at insurancenewsnet.com

Guaranteed income not a bold idea

Your Sept. 6 syndicated article "Fear of robots taking jobs spurs a bold idea: guaranteed income" compelled a response. This "bold idea" entails yet another tax on Hawaii’s already heavily taxed tourist industry to fund another government entitlement. Bold? Sounds suspiciously familiar; yet with inevitable catastrophic consequences. Given a guaranteed level of income to sustain a basic standard of living in "paradise," how many would simply opt out of working? How many workers in the tourist industry — the very lifeblood of guaranteed income — would it take to opt out of working before […]

Full Post at www.summitdaily.com

The new centre will house an eight-lane, 25m swimming pool and large health club Competitive

location: Eastleigh, United Kingdom

more jobs A new £25m leisure centre, currently under construction in Eastleigh, Hampshire, is set to open to the public before the end of the year.The new centre, which will replace the 43-year-old Fleming Park Leisure Centre, will house an eight-lane, 25m swimming pool, a learner pool with an adjustable floor, a 15-badminton court sports hall and a health club with a large gym floor and group exercise studios.As part of a naming rights deal with Places for People Leisure – […]

Full Post at www.leisureopportunities.co.uk

Balloonist, adventurer and industry pioneer Per Lindstrand – Lindstrand Technologies was among the beneficiaries of the Green Shoots Plus fund Sixty-five businesses across Shropshire, the Black Country, Staffordshire and Herefordshire received grants of up to £150,000 through Green Shoots Plus for projects to help them grow.

Innovative inflatables specialist Lindstrand Technologies was among the beneficiaries of the Green Shoots Plus fund.

The renowned Oswestry-based manufacturer used a £150,000 grant to help it build a new hot air balloon factory beside its current site with the aim of creating 15 new roles. It helped reinvigorate hot air balloon-making in the UK, led […]

Full Post at www.shropshirestar.com

While Americans say their main economic concern is inflation, many are not properly prepared to address the potential risk it could have on their retirement plans, according to a new study.

Data collected by the Allianz Life Insurance Company of North America showed many plan to address their concerns regarding inflation by being “more frugal.”

“Although it may be an option for managing expenses, frugality is not a financial strategy that will mindfully and effectively address the rising cost of living throughout retirement, especially one that could last 30 years or more,” Allianz Life Vice President of Consumer Insights Deb […]

Full Post at finance.yahoo.com