Articles

Understanding Income Riders

By Robert P Kelly As I speak to so many callers to my Safe Money and Income Radio Show I find that I spend a lot of my time undoing a lot of the misconceptions and even outright misrepresentations that a lot of them have about annuities and income riders. Generally, these problems arise because Read more >>

Do Agents Use Annuities In Their Own retirement Plannings?

I get this question a lot from perspective clients, do you use annuities in your personal retirement planning? The simple answer is yes, absolutely. As a matter of fact, I have multiple annuities as part of my retirement portfolio. And, the reason I use annuities for my own retirement, is the same reason that anyone Read more >>

Where Are You Now?

Someone once said that to know where you’re going, you must know where you are NOW. That will change as often as circumstances change. What sorts of changes? Well, death of a spouse is certainly a life-changing change that effects everything. Deaths of trustees/executors are important to consider. The housing crisis a few years back Read more >>

Where Should You Invest Your Money? Answer These 8 Basic Questions

 When people think about saving and investing money the first question they ask: “What should I invest my money in?” To answer that question the following questions should be answered: What do I want the money to accomplish? You may need extra income to cover your monthly current expenses. Or to pay for a child’s Read more >>

Risk on Paper Is Different From Reality

The Best Practices Used to Create Sustainable Streams of Retirement Income   Today, stability is a welcome oasis in a sea of uncertainty. Investing involves placing your money at risk in the capital markets, which are subject to geopolitical and economic events as well as the collected behavior of millions of market participants. No one Read more >>

Charitable Gift Annuities Can Provide Benefits

If you have big dreams, a big heart…..but a shrinking pocket book (and resources), then a Charitable Gift Annuity may be an option for you. As a professional Insurance & Retirement advisor, I have been asked, “What are some of the non-traditional charitable gift giving opportunities by which someone may support their church or favorite Read more >>

How Many Acres Must I Own?

  A new rule exacted by the Department of Labor governing financial advice provided by advisors has thrown the industry into a state of confusion and disarray.  The “Fiduciary Rule” went into effect June 9, 2017, however, any enforcement of the rule has been delayed until January 2018.  New DOL Commissioner Acosta has indicated the Read more >>

Inflation Can Cripple Retirement Planning

Most investors only consider the risk to their principal, which is why they favor Certificates of Deposit over non-FDIC insured investments for their most protected assets. The risk of lost buying power is a more complicated dynamic. The dollar value of principal stays the same, but year after year, a dollar buys less and less.  Read more >>

Saving For Retirement? Don’t Forget Your Teeth

Three years after Sue retired, her jaw began to hurt, at first only when she awoke, then eventually constant. As she had aged, a small overbite had gown to a big overbite, an overbite that was changing her mouth and her life. Her dentist suggested several options, surgery, exercises and special devices. Eventually, Sue was Read more >>

People Depleting Their Retirement Funds Fast… Do Not Be One

  According to a recent Harris Survey, people who take a lump sum from their employer-sponsored retirement plan are depleting those funds fast. In fact, 1 in 5 retirees have depleted it completely. After lump sum withdrawal, according to Harris Poll: 62% had money leftover 21% had completely depleted their funds 17% didn’t know how Read more >>

Failure To Plan Can Be Devastating

The Best Practices Used to Create Sustainable Streams of Retirement Income __________________________________________________________________ When it comes to entering retirement, failure to plan can have devastating consequences. Most of my clients are looking to develop a plan for paying themselves in retirement. That and so much more is offered at Mayfield Financial & Estate Protection Services, Inc. Read more >>

Anonymous Sources- Can You Really Trust Them?

In the aftermath of our most recent election it seems you cannot turn on the television or go online without seeing one story after the other quoting “anonymous sources” as the source of the information being circulated. Unfortunately, as we have seen time after time the “anonymous sources” oftentimes are found to be peddling false Read more >>

Use This IRA Solution to Eliminate Long Term Care Insurance Premiums

I was contacted several years ago by a gentleman named Jack who had a concern about his IRA account that he wished to leave to his daughter. Fortunately for Jack he did not need this money for income for himself and his wife. He was concerned about the account deteriorating over the years due to Read more >>

Income Solutions 2017

By William Jed Mayfield The Best Practices Used to Create Sustainable Streams of Retirement Income Do you want the best retirement income solutions in 2017? Do you want to find the right answers for creating a secure retirement, never fearing market volatility again with that part of your portfolio that is necessary for sustaining your Read more >>

Lessons From Eddy

A few years ago, we acquired Eddy. Eddy is a miniature donkey who was essentially homeless. He is just a little guy who was passed around from one house (broker dealer) to another. No one really cared a whole lot about him as he was just a little guy, not enough assets to interest most Read more >>

Guaranteed Income Should Be Your Outcome

The other day I had a meeting with a couple, Mike and Susie, ages 60 and 56, they had heard my radio show on WBOB AM 600. I was getting all their financial information he was interested in what to do with his 401k (about $400,000), which was with a large investment company all in Read more >>

Divorce Can Be Very Costly To Retirement Planning

Make Sure You Understand the True Costs No one wants to think or talk about divorce, but the reality is, it does happen. Many people who plan to get divorced hold the misconception that they will be able to maintain their current financial lifestyle. “Two can live as one” As the old saying goes. While Read more >>

7 Things You Must Know About Claiming Social Security

Social Security is a great program, but knowing when and how to claim your benefits can determine how much you collect. Here are seven potential problems you need to consider so you can maximize your Social Security income. 1: Remarrying Before Age 60 If your spouse dies, you will be entitled, in most situations, to Read more >>

4 Common Myths about Annuities

Corporate media is largely aligned against annuities. Could this demonization be driven by financial bias? Traditional financial institutions (Wall Street) spend huge amounts of money advertising on corporate media properties. What really is the truth about annuities?  How can one product be so loved and vilified at the same time?  It is because annuities are Read more >>

A La Carte Planning Don’t Be A Victim

By Aaron Hail A dangerous phenomenon is happening within the financial services industry.  For years marketing gurus taught the masses about niche marketing.  We listened and drank the Kool-Aid.  It happened across almost every industry and worked like a champ.  By focusing on certain segments of the population, specialists homed in on their craft and Read more >>

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