|
Getting Started Resources Information |
Short Takes |
|
|
|
Baby Boomers and Retirement A recent survey conducted for the American Association of Retired Persons (AARP)* found that baby boomers intend to be independent and self-reliant when it comes to their sources of retirement income. The majority was not relying on Social Security benefits, but rather on their own savings. Not surprisingly, as with many seniors today, boomers also expect to work part-time to supplement retirement income. When boomers were asked what they associated with the word "retirement," the overwhelming responses were: "having enough money" and "financial security." * Baby Boomers Look Toward Retirement, by Roper Starch Worldwide, 1998. Copyright © 1999 Liberty Publishing, Inc. All rights reserved. |
|
 |
Boosting the Potential of Charitable Gifts Do you regularly make substantial gifts to a favorite charity? Did you know that you can increase your generosity with a life insurance gift? Life insurance has long been recognized as an effective estate planning tool. The key concept is that you pay fewer dollars today (in the form of premiums) and your heirs receive a potentially large death benefit upon your death. This same planning mechanism can be applied to charitable gifts, as well. For example, suppose an older couple, the Smiths, make an annual gift of $5,000 to a favorite charity. Rather than gifting $5,000 in cash to the charity each year, the Smiths leverage their gift and pay the premium on a survivorship life insurance policy. This insurance gifting program is arranged so the charity is the owner and beneficiary of the new survivorship policy (subject to state insurable interest laws). The Smiths receive an annual charitable deduction for their generous gift, and the charity will ultimately receive a potentially substantial life insurance death benefit. Copyright © 2003 Liberty Publishing, Inc. All rights reserved. |
|
 |
Inflation and Your Retirement Even if your retirement seem years away, it’s important that you understand how inflation can affect your retirement savings plan. You’re probably aware that inflation can deteriorate your savings over the course of time. But, how seriously do you take inflation? Did you know that at 3 percent inflation, $100 today would only be worth $34.44 in thirty-five years? Therefore, the key is to seek retirement savings avenues that have the best chance of outpacing the long-term effects of inflation. Copyright © 2003 Liberty Publishing, Inc. All rights reserved. |
|
© 2005 Foldes Financial Management | Privacy Policy |
||
