Retirement Blogs | Abich Financial

Join Our June 30th Virtual Event!

June 22, 2020

Join us on June 30 -July 1, 6-7 PM for 2020 Changes To Retirement. We will discuss how retirement is changing and how to survive 2020. We’ll cover: Understanding the 2020 economy Handling debt and taxes Maximizing social security and retirement income Unexpected risks in retirement Investing 101 Hear directly from our founder: Abe Abich,… View Article

Are Fixed Indexed Annuities Too Good To Be True? 5 Things You Need To Know

June 15, 2020

What is a fixed indexed annuity (FIA) again? An FIA combines the low-risk elements of fixed annuities (you can’t lose your primary) with the potential capped returns of variable annuities (you can see substantial growth). In other words, you have a lot of reward with little risk. (We love to hear those words in investments!)… View Article

Is Life Insurance Taxable

June 8, 2020

Is Life Insurance Taxable? You know those stories about lottery winners spending all of their money, only to have to turn around and pay taxes they can no longer afford? Will the same thing happen when you receive your life insurance payout? It’s complicated. So let’s talk about four different types of taxes which might… View Article

3 Reasons Why Retirement Annuities Are A Win For You

June 2, 2020

Planning for retirement seems easy at first glance – right? Save some money from each paycheck.Invest.Be patient.Let your wealth grow naturally. Once you actually reach retirement, it becomes more complicated. Having financial security becomes more complicated and critical than ever. Are annuities too dangerous to include in your retirement plan? Here’s the 3 reasons why… View Article

5 Ways RMDs Are Changing In 2020

May 29, 2020

Did you know that the CARES Act of 2020 impacts your retirement? Here are some fun facts: Some Social Security beneficiaries will receive “Recovery Rebates.”RMDs are not due for 2020. Period. IRAs, 401(k)s, 403(b)s, and 457s are also on hold. Mixed with the SECURE Act provision, what does this mean for RMDs in 2020? Abe… View Article

What Are Fixed Indexed Annuities

May 25, 2020

When you’re looking for upside potential with downside protection Fixed indexed annuities are simply tax-deferred, long-term savings which provide principal protection along with opportunity for growth. They have more growth potential than fixed annuities with less risk, but less potential return than variable annuities. Guaranteed protection with growth potential! In a market where investors are… View Article

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