Stress and Anxiety of Complex Retirement planning Choices Alleviated by New Website from NewRetirement



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NewRetirement today announced the launch of its new consumer education and advocacy site for baby-boomers and retirees. The retirement planning website offers an interactive retirement calculator with personalized output, comprehensive information, and unbiased personal finance product and service evaluations



San Francisco, California (PRWEB) December 1, 2005. NewRetirement LLC today announced its new website, www.NewRetirement.com, is open for business. The company?s founders created the web site to replicate for millions of Americans a retirement planning approach that successfully led their families to a more secure and comfortable retirement. Fortunately for the web site?s visitors, the leg-work of gathering information and evaluating services is already taken care of by NewRetirement. in addition, NewRetirement?s proprietary data analysis engine interactively responds to visitors? input with a customized explanation of financial planning options matched to the users’ situation. an example is describing how a reverse mortgage can increase income for qualified Seniors. The results are organized in a format easily understood and accessible to the market of ?over-fifty? Internet users.



Visitors, both baby-boomers and retirees, use the site to evaluate their readiness for a lengthy retirement. after they complete a brief personal finance and retirement plan evaluation, the website presents them with alternatives to help improve long-term retirement income and security. NewRetirement.com is positioned as an electronic advocate helping individuals sort through the maze of risks, alternatives, and challenges of the uncertain future facing retirees in the new millennium.



NewRetirement.com?s comprehensive information is presented in three mutually reinforcing sections: Retirement 101, the Retirement Calculator and Retirement Services. Retirement 101 highlights risks faced by today?s retirees and offers tips for planning to manage these risks effectively. This section allows visitors to review the latest retirement news, voice their own opinions, and describe their own experiences with retirement issues. NewRetirement.com?s Retirement planning Calculator provides an assessment describing actions that may improve asset protection, increase current income, and reduce expenses — quite different from the typical retirement calculator which merely provides a dollar amount needed to save or an estimate of income needed in retirement. The Retirement Services section describes products and services available in the marketplace used to achieve the objectives of secure assets, steady income, and reduced expenses.



The most popular area of the site is the Retirement Services section, which provides unbiased evaluations of retirement services, such as Reverse Mortgages and Financial planning. The services are organized by financial objectives: asset protection, current income, and reduced expenses. To protect retirees and help boomers decide what?s best for them, the advantages and disadvantages of each service are explained.



For example, a product growing in popularity with Seniors, reverse mortgages, is found under the heading Increase Income. A reverse mortgage loan has the advantage of allowing a retiree to age in place as a homeowner ? never owing more that the value of their home. The homeowner can consolidate debt with the resulting income, or choose instead to cover expenses like fixing up their home or pay for unplanned long term care. The disadvantages described include the reduced size of an estate left to heirs and the expense of the loan. The benefits and pitfalls of other services are also covered. The list of services include: mortgage refinancing, debt consolidation, annuities, relocation, financial advisors, supplemental health care insurance and long term care insurance.



For visitors that ask to take the next step, such as contacting an area expert or purchasing a product or service, NewRetirement.com will route inquiries to a pre-screened provider of the product or service.



About NewRetirement LLC. NewRetirement LLC was founded in 2004. NewRetirement?s management team is made up of people that have experience and education from several nationally-known organizations. among these companies are: Charles Schwab, JP Morgan, Embark.com, Wells Fargo, E-Trade, The Princeton Review, BusinessWire, AllAdvantage.com, Insurance.com, Viant Consulting, Williams Sonoma, Seer Technologies (IBM/First Boston), and US Web among many others. among the educational institutions are: Stanford’ s Graduate School of Business Administration, the University of Michigan’ s Graduate School of Business Administration, Boston University, Haverford College, Carnegie Mellon and several others.



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Stress and Anxiety of Complex Retirement Planning Choices Alleviated by New Website from NewRetirement

For most people, a mortgage is their biggest monthly bill.? Although few realize it at first, their mortgage also represents one of their biggest savings each month. Since a part – a growing part – of every mortgage payment represents the repayment of principal, part of that big monthly bill is actually savings.? at the end of the typical 30-year mortgage, you’ll own your home free and clear.? Depending on what happens to the value of your home over that time, you might find yourself with quite an asset.

While a mortgage is certainly no substitute for a 401(k) or IRA, it’s certainly better than that other big monthly bill – the credit card.

Is your mortgage part of your retirement plan?

Is Paying your Mortgage like Saving for Retirement? originally appeared on About.com Retirement Planning on Monday, August 22nd, 2011 at 13:00:39.

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Is Paying Your Mortgage Like Saving for Retirement?

401k retirement plan is one form of many retirement savings accounts in the United States. the term 401k is derived from the 401(k) article of the Internal Revenue Code of the United States Code. Roth IRA 401k account is the most common withdrawal plan used by American employees from way back in 1980s. It was [...]

401k Retirement Plan For Beginners

401k retirement plan is one form of many retirement savings accounts in the United States. the term 401k is derived from the 401(k) article of the Internal Revenue Code of the United States Code. Roth IRA 401k account is the most common withdrawal plan used by American employees from way back in 1980s. it was [...]

401k Retirement Plan For Beginners

401k retirement plan is one form of many retirement savings accounts in the United States. The term 401k is derived from the 401(k) article of the Internal Revenue Code of the United States Code. Roth IRA 401k account is the most common withdrawal plan used by American employees from way back in 1980s. it was [...]

401k Retirement Plan For Beginners

the conventional wisdom if you’re going to find a job Advisor IRA and 401k rollover retirement to continue the tax deferral benefits of a qualified IRS, but, more Americans have the time (and considerable expense) the establishment of a new IRS approved private retirement account plan under 7702nd well designed fiscal rule, there is no retirement plan, such as a private plan for 7702.

Properly structuring a private 7702> Plan is not for the faint of heart, the first and most important step is to find a qualified and experienced consultant. a 7702 Private Plan pays 80% fewer orders for about a period of 10 years that the average IRA account so that more financial and pension advisers also say that on this plan because it means even less pay cut and consultants large have the skills or know-how, a correct sentence.

the comparison of a 7702 Private Plan other traditional IRS qualified retirement apples to apples is pretty difficult for most people without an understanding of what you get from your own private floor. the first obstacle is to understand that the private messaging plan 7702 is taxed too much like a Roth IRA may be, so at first glance, is that you lose a lot of money for this type of roll-over and payment of all deferred tax assets. Unlike the traditional IRA, 401k and other7702 Plan by an individual income tax free and is not considered as security taxes income attributed to the calculation> Plans Online.

Most Americans simply pay a much higher tax burden in retirement, in terms of dollars actually paid by deferring taxes in a traditional qualified plan that, if only to bite the bullet and pay taxes. a noted author on the book “Last Chance board,” wrote the question “what do you prefer to pay taxes on the seedor library? “The hidden tax traps in the most traditional IRS qualified plans, such as the income of these tax increases of the plans. In general, income from traditional pension plans, income security will be deducted from your Social Security tax formula on-line and check for the payment of pensions to 85%! Not only are you paying the taxes far more than the total tax deferred dollars with a traditional retirement account, incomereceive the increase of income tax you must pay for the Social Security number.

With a few exceptions% of the proceeds of a private plane is 7702 100 tax free, and in contrast with traditional pension income, 7702 Plan of private income is not taken into account in determining the tax you must pay for your safety online . over 20 years of retirement period, this may change for a considerable amount of money.

the risk is another factorto consider. Recently, we have huge losses in equity markets, the billions of dollars in market value reduced retirement accounts and millions of Americans, has seen partly erased by losses of more than 50%. Properly structured 7702 Private Plan, a stock market to earn returns of the index based on a widely acknowledged. If the market index (we call it the S & P 500 for example) go to 10% in one year, then your 10% interest account will be credited for that year. But if the market loses 10%over time, the balance principle and any interest credited to a private plan is the same for 7702, the bill is simply credited years great interest 0% for this year (7702 directors plan to be around you choice of interest, said a fixed interest rate of recurrence according to plan, this is a good option if you think the market is going to implement the rate expected for this year, if life starts to show market index, is just changeways to earn based on the credit market back in a well-structured 7702 Private Plan, you can never lose your principle or interest is credited to market losses) once again there are almost as commission in 7702 as a private plan than most traditional IRS qualified plans, so do not be surprised strategy is that the consultant did not say that the heads you win, tails do not lose investment. for more information on anyrisk index market strategy in a 7702 Private Plan click to view this video.

There are other “living” benefits, the private plane, can be found only in 7702. State and federal law requires that the Plan of 7,702 private state are managed by an insurance company authorized to do business your in. This is why Congress mandated that a minimum guarantee of funding for 7702-7702 include all private pension benefit IRC. This means thatthat if you were moving prematurely, the surviving spouse would have no way of tax, minus what you have saved and lived for a time and once again helping to plan private until retirement. Many administrators already offering private piano 7702 Piano private account, a definite advantage of flexible financing, where if you have certain medical events in your life experience the benefits are available when youvivo.

Moving to retire the secured credit Flexible Benefit in 7702 some private plans also allow access to treatment through long-term needs. a company makes 2% of total loans secured Flexible Benefit available if you are able to perform 2 of 6 activities of daily living diagnosed. This power of a plan for 7702 is almost identical to a private office built in long-term care insurance without extra. for example, if theFlexible Benefit $ 450,000 secured the loan, then 2% per month would need the same tax-free payments of up to $ 9,000 for long-term care. If you have insurance on a long-term price recently then you’re not shocked, that stuff is expensive, but it’s free, built in 7702 a number of private pension accounts is no time plan offered by approved private plan administrators in 7702 .

for most people creating a well-structured 7702 Private Planactually very simple if a consultant who knows how to properly structure the search. they are trying to qualify for the benefit of loans secured by a physical as any application for life insurance, and there are IRS rules for vehicles of funds in the account, but when you are a private Plan 7702, once there you can reach the retirement age for the market, but gains without market risk and your family safe from other dangers to your financiallife.

no pension plan provides other benefits such as Private 7702 Plan and any other traditional plan gives you the upside potential of the market without market risks involved. On May 16, 2008, the S & P 500 closed at 1425.35 today (27/01/2008) of the S & P 500 index closing at 845.71, if your retirement account is a 7702 private plane would be yet credited to your original investment plus all the interest bill wasreceived. then on January 27, 2010 say that the market closes at 930.28, while all the other losses in their plan of 7702 would change private accredited serious interest credited 10% interest on the entire original balance plus all before.

the downside protection with upside potential and market a variety of “live” performance in a properly structured 7702 Private Plan worth, 7702, honest advice has been obtained that is ready to help you create and managePlan for privacy.

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Before the 401k into a rollover IRA, the tax element 7702

Things you can do before and for the new Year.

The end of the year is a good time to review your personal finances. what are your financial, business or life priorities for 2011? Try to specify the goals you want to accomplish. Think about the consistent investing, saving or budgeting methods you could use to realize them. Also, consider these year-end moves.

Think about adjusting or timing your income and tax deductions. If you earn a lot of money and have the option of postponing a portion of the taxable income you will make in 2010 until 2011, this decision may bring you some tax savings. You might also consider accelerating payment of deductible expenses if you are close to the line on itemized deductions – another way to potentially save some bucks.

Think about putting more in your 401(k) or 403(b). You can contribute up to $16,500 to these accounts in 2010, with a $5,500 catch-up contribution also allowed if you are age 50 or older. Has your 2010 contribution approached the annual limit? There is still time to put more into your employer-sponsored retirement plan.1

Can you max out your IRA contribution at the start of 2011? If you can do it, do it early – the sooner you make your contribution, the more interest those assets will earn. And if you haven’t made your 2010 IRA contribution yet, you can still do so through April 15, 2011.1

The 2011 contribution limits on traditional and Roth IRAs are unchanged from 2010. You can contribute $5,000 to your IRA next year if you are age 49 and below, $6,000 if you are age 50 and above.2

Consider a Roth IRA conversion before 2010 ends. now anyone may convert a traditional IRA to a Roth IRA; there are no longer any income limits in the way. If you pull off a Roth conversion before 2010 ends, you can choose to divide the taxes on the conversion between your 2011 and 2012 federal returns. this nice opportunity won’t be available if you make a Roth conversion in 2011.1

There are still MAGI phase-out limits for contributing to Roth IRAs. For 2010, those limits kick in at $167,000 for joint filers and $105,000 for single filers. If your MAGI will exceed those limits, you still have a chance to contribute to a traditional IRA in 2010 and immediately roll it over to a Roth.3

Consult a tax or financial professional before you make any IRA moves. You will want see how it may affect your overall financial picture. The tax consequences of a Roth conversion can get sticky if you own multiple traditional IRAs.

If you are retired and older than 70½, don’t forget the 2010 RMD. as your IRA custodian has undoubtedly reminded you, the one-year suspension of Required Minimum Distributions has been lifted. Retirees over age 70½ must take RMDs from traditional IRAs – and 401(k)s – by December 31. Remember that the IRS penalty for failing to take an RMD equals 50% of the RMD amount.1,4

If you have turned or will turn 70½ at some point in 2010, you can choose to postpone your first IRA RMD until April 1, 2011. The downside of that is that you have to take two IRA RMDs next year – you have to make your 2010 tax year withdrawal by April 1, and your 2011 tax year withdrawal by December 31.1

Keep an eye on what happens with income, capital gains & estate taxes. We’re all watching and waiting here to see what Congress will do.

If Congress doesn’t extend the current law, the tax rates on long-term capital gains will go from 0% to 10% next year for those in the 10% and 15% tax brackets. Taxpayers in higher brackets will see their capital gains tax rates rise 5% in 2011 to 20%. in addition, dividends are scheduled to be taxed at marginal income rates of 39.6%. as it stands now, time is running out to take advantage of the current capital gains tax break.5

Income taxes are poised to return to pre-EGTRRA levels in 2011, with the lowest bracket set at 15% and the highest bracket set at 39.6%. (The so-called “marriage penalty” would also come back.) no one in Congress wants this on their legacy, so some kind of extension of the Bush-era tax cuts will almost certainly be worked out. we will have to wait and see if Congress extends the cuts for all or simply for the middle class.6

Estate taxes will undoubtedly return in 2011. Hopefully, Congress will prevent them from returning at the 2001 levels (a puny $1 million exemption and a 55% top tax rate).6

You may wish to make a charitable gift before new Year’s Day. If you make a charitable contribution this year, you can claim the deduction on your 2010 return.

You could make December the “13th month”. Can you make a January mortgage payment in December, or make a lump sum payment on your mortgage balance? If you have a fixed-rate mortgage, a lump sum payment can reduce the home loan amount and the total interest paid on the loan by that much more. in a sense, paying down a debt is almost like getting a risk-free return.

Are you marrying next year, or do you know someone who is? The top of 2011 is a good time to review (and possibly change) beneficiaries to your 401(k) or 403(b) account, your IRA, your insurance policy and other assets. You may want to change beneficiaries in your will. it is also wise to take a look at your insurance coverage. If your last name is changing, you will need a new Social Security card. Lastly, assess your debts and the merits of your existing financial plans.

Are you returning from active duty? If so, go ahead and check the status of your credit, and the state of any tax and legal proceedings that might have been preempted by your orders. Review the status of your employee health insurance, and revoke any power of attorney you may have granted to another person.

Don’t delay – get it done. Talk with a qualified financial or tax professional today, so you can focus on being healthy and wealthy in the new Year.

This material was prepared by Peter Montoya inc., and does not necessarily represent the views of the presenting party, nor their affiliates. this information should not be construed as investment, tax or legal advice. The publisher is not engaged in rendering legal, accounting or other professional services. All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. If assistance or further information is needed, the reader is advised to engage the services of a competent professional.

Citations.

1 money.usnews.com/money/retirement/articles/2010/10/18/5-retirement-tax-deadlines-to-plan-for.html [10/18/10]

2 irs.gov/retirement/article/0,,id=202510,00.html [11/1/10]

3 kiplinger.com/columns/ask/archive/2009/q1019.htm [10/19/09]

4 irs.gov/retirement/article/0,,id=96989,00.html#8 [11/10/10]

5 bankrate.com/finance/money-guides/no-taxes-due-for-some-investors-1.aspx [1/16/09]

6 ncpa.org/pub/2011-year-of-tax-man [7/19/10]

Your Annual Money “To-Do” List | Complete Money Management

The limits for deducting a 2011 IRA contribution were recently set. Unlike the relatively straightforward guidelines for 2011 Roth IRA contribution eligibility, deductibility for 2011 IRA contributions is based on modified adjusted gross income (MAGI), marital status, as well as your and your spouse’s ability to contribute to a workplace retirement plan (e.g., 401(k), 403(b)).

…

Read full Post

Will You Be Able to Deduct Your 2011 IRA Contribution?

How to choose the best Individual Retirement Account

Feb 3, 2010 Rebecca Lake

An individual retirement account (IRA) allows taxpayers to save for retirement in place of, or in addition to, an employer-sponsored retirement plan. a traditional IRA and a Roth IRA each have specific advantages and disadvantages. Determining which type of IRA to invest in is based on a number of factors, including income, your tax filing status, age, and individual retirement goals.

Determining Eligibility

The IRS has established specific guidelines regarding contributions to traditional IRAs. anyone with earned income may contribute up to a $5,000 to a traditional IRA annually; however, each individual’s ability to deduct the maximum contribution is based on their filing status and adjusted gross income.

The IRS rules for Roth IRA contributions are slightly different. Not everyone is eligible to contribute to a Roth IRA. To be eligible to contribute the $5,000 maximum to a Roth IRA, adjusted gross income must be no more than $105,000 for single filers and $166,000 for those who are married filing jointly. for 2010, the amount for married filing jointly increases to $167,000.

Age Considerations

Contributions can be made to a traditional IRA up until age 70. Beginning at age 70 1/2, the IRS requires that individuals begin taking a required minimum distribution from their traditional IRA. if the required minimum distribution is not taken, the funds in the account are subject to a fifty percent tax penalty.

With a Roth IRA, contributions can continue beyond age 70 and there is no point at which a minimum distribution is required. The ability to continue making contributions might appeal specifically to someone who plans on leaving their Roth IRA to a spouse or other beneficiary, as it allows them to continue growing their savings tax-free.

Tax Advantages of Traditional IRAs

With a traditional IRA, contributions are tax-deductible for those individuals who don’t currently participate in an employer-sponsored retirement plan, such as a 401(k). for those who do participate in an employer-sponsored plan, the maximum amount that may be deducted is determined by their modified gross adjusted income (MAGI).

Tax Advantages of Roth IRAs

While contributions to a Roth IRA are not tax deductible, any withdrawals made after age 59 1/2 are not subject to income tax as long as the original contributions were made at least five years prior.

Withdrawal Penalties

The IRS assess specific penalties for withdrawals made prior to age 59 1/2. Early withdrawals from a traditional IRA are subject to a 10% early withdrawal penalty and regular income tax. Qualified withdrawals after age 59 1/2 are still subject to regular income tax.

Withdrawals of earnings from a Roth IRA before age 59 1/2 are also subject to the same ten percent penalty and regular income tax. Contributions to a Roth IRA may be withdrawn any time without paying the ten percent early withdrawal penalty or income tax.

Funds may be withdrawn from a traditional IRA may be converted in order to convert to a Roth IRA, but withdrawn funds are subject to a 10% early withdrawal penalty as well as regular income tax.

Exempt Withdrawals

There are certain instances where IRA withdrawals may be made without incurring a ten percent withdrawal penalty or taxation. Funds may be withdrawn from an IRA in any amount to pay for qualified education expenses, including tuition, fees, supplies and equipment, and room and board. up to $10,000 may be withdrawn to purchase a first home. In these instances, the 10% early withdrawal penalty would not apply but funds may still be subject to regular income tax unless.

Choosing the right type of IRA requires some planning and strategy on the part of investors, and the pros and cons of both traditional and Roth IRAs should be weighed carefully before making a decision. each can help investors to reach their retirement goals and protect their financial future.

Source: Internal Revenue Service IRA Online Resource Guide, 2009

• 

  Traditional vs. Roth IRA for Retirement Savings – penywise

Comparing Traditional vs. Roth IRAs: How to Choose the Best …

Change is in the air.

In prior articles, I discussed changing affiliations (is now the time to go independent or find a new broker/dealer?) and growth through a merger or acquisition (is it time to buy or sell part of your practice?).

Now is also a great time to consider ways to expand your existing practice. one way to expand your existing practice is to target a market, which is what financial advisor Sammie Gatti did in Dallas by going after women working for Texas Instruments.

Here’s another great example of how fellow advisors are gaining market share and thriving in challenging times.

MARKETING TO UTILITY EMPLOYEES

Scott Hanson and Pat McClain, co-founders of Hanson McClain Advisors, an RIA firm headquartered in Sacramento, Calif., have built their business by targeting employees of telecommunications and utilities companies.

The Hanson McClain approach is to develop relationships with employees and help them make decisions about their retirement plan investments and other personal financial affairs throughout the pre-retirement years.

While there may be incidental opportunities to help clients with product purchases along the way (e.g., insurance policies, mutual funds for IRA accounts, etc.), most of their pre-retirement counsel is provided at no cost to the employee.

They use a number of turnkey tools, such as their two-part IPRO “Independent Personal Retirement Overview” form, to collect information and efficiently deliver personalized advice.

This strategy has really paid off for them.

As a result of building this pre-retirement relationship, it’s a natural transition for these employees to invest their rollover money – usually a significant amount – with Hanson McClain once they retire. Their marketing approach has been so successful that the two advisors founded the Hanson McClain Retirement Network to systematically bring their expertise and techniques to other advisors who join their network.

Sales through Hanson McClain, a registered broker/dealer (member FINRA/SIPC), is approximately $8 million a year, with another $5 million in revenue coming from the Hanson McClain Retirement Network.

Hanson McClain Advisors currently assists in the advisement of $1 billion for more than 2,500 households. They expect a huge inflow of clients as the recession subsides and are on track to bring in another $100 million this year.

“We’ve been in business since 1993 and chart all our numbers,” says co-CEO Pat McClain, CPF, who along with partner Scott Hanson, CFP, has built the firm from the ground up.

“I can tell you what happened after the last recession in 2002,” McClain explains. “In terms of new assets coming in, we did take a hit in 2003, but we’ve been trending upwards ever since. the end of 2008 and first part of 2009 were down, but we’re back on track. We continue to do what we’ve always done, building relationships and being there when clients need us.”

“For some time now, we have been placing full page ads in our local news paper, “The Sacramento Bee,” adds Scott Hanson. “We are so sure that the market is ready for our message – and is seriously looking for professional help – that we doubled our ad spending in October 2009.”

Hanson and McClain are always tweaking their plans and thinking of new ways to serve the community. in December 2009, they opened a new division, Hanson McClain Financial Services, that caters to clients with between $50,000 and $250,000 (their RIA Hanson McClain Advisors has a $250,000 minimum).

Clients who come through the new division will benefit from the strength of the Hanson McClain systems, but they won’t receive the same amount of attention and comprehensive planning that clients in the larger firm receive.

They’ve housed the new entity in a separate location and have staffed it with an advisor and service person who do not work with existing Hanson McClain clients. most of the prospective clients coming to the smaller firm are a result of the weekly radio show that Hanson and McClain have been hosting for over 14 years.

As innovators and pioneers, Hanson and McClain have long been revered by their peers in the industry. “Investment Advisor” magazine, as sister publication of “Research” magazine, featured them on the cover of the January 2010 issue. if their story intrigues you, read more about them here.

Hanson and McClain urge advisors who are sitting on the sidelines to get out there and market like crazy. “Now is the time to see and be seen,” Hansson says. “Make your presence known in the right circles and good things will come.”

Marie Swift is president and CEO of Impact Communications, inc. Read her “Best Practices in the Financial Services” blog at www.marie-swift.blogspot.com. Follow @marieswift on www.Twitter.com.

Time for a Transition (VIII): How to Grab a Niche Market | Advisor One