Retirement Planning

Annuities as an IRA Investment Option

When it comes to funding an Individual Retirement Account (IRA), there are several options. Many people think about a simple cash deposit or maybe a rollover or transfer from a 401k, but those aren’t the only choices. A deferred annuity is one of several investment options you can choose from to fund your IRA. You might think that a deferred … Continue reading
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What is Dollar Cost Averaging and is it Right for Me?

You work hard for your money so you want to make sure you invest in a way that makes sense for you. Dollar cost averaging is a popular method to invest over time. It is a method of accumulating assets by purchasing a fixed dollar amount of securities, at regularly scheduled intervals, over a period of time (for example, $100 … Continue reading
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4 Things Women Need to Know about Social Security

Ever since a legal secretary named Ida May Fuller received the first retirement benefit check in 1940, women have been counting on Social Security to provide much-needed retirement income. Social Security provides other important benefits too, including disability and survivor benefits, that can help women of all ages and their family members. 1.  How does Social Security protect you and … Continue reading
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All About IRAs

An individual retirement arrangement (IRA) is a personal retirement savings plan that offers specific tax benefits. In fact, IRAs are one of the most powerful retirement savings tools available to you. Even if you’re contributing to a 401(k) or other plan at work, you might also consider investing in an IRA. What types of IRAs are available? There are two … Continue reading
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There’s Still Time to Contribute to an IRA for 2018

Need help deciding how to distribute your finances to reduce your tax liability? We have CFS* advisors who can help! Even though tax filing season is well under way, there’s still time to make the best of your tax situation with a regular IRA contribution for 2018. You have until your tax return due date (not including extensions) to contribute … Continue reading
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Beneficiary Designations for Traditional IRA’s and Retirement Plans

You’ve been saving for retirement for several years. You’ve done the right thing to prepare financially for your life after your working years, but what happens if your money outlives you? If you have a traditional IRA or participate in an employer-sponsored retirement plan such as a 401(k) plan, you are generally required to complete a beneficiary designation form with … Continue reading
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Time Can Be a Strong Ally When Saving for Retirement

When it comes to saving for retirement, time might be one of your strongest allies. Why? When time teams up with the growth potential of compounding, the results can be powerful. Time and money can work together The premise behind compounding is fairly simple. Your retirement plan contributions are deducted from your paycheck and invested either in the options you … Continue reading
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How Much Risk Are You Willing to Take?

At Allegacy, we aim to help our members pursue balance in every sense of the word and that includes matching your portfolio’s risk to your ability to endure periods of market volatility – both financially and emotionally. Investors who are willing to accept more investment risk may benefit from higher returns in the good times, but they also get hit … Continue reading
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Don’t Delay! The Benefits of Saving NOW

At Allegacy, we care about your wellbeing throughout all the stages of your life. From your saving for your first car or a downpayment on a mortgage as your family grows to helping you save for retirement, we’re here for you. For long-term investment goals such as retirement, time can be one of your biggest advantages. That’s because time allows … Continue reading
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