NYC Comptroller Pushes City-Sponsored Retirement Plan: In New York City, three-fifths of private-sector employees don’t have employer-based retirement plans. Sign up for your employer 401k or other type of retirement plan. Try to save 5% – 10% of your monthly gross income. How many jobs have you held during your work life? Chances are more… Continue reading Planning for Retirement ?
Month: October 2016
Mortgage protection insurance related information
We offer jet issue mortgage protection insurance, inexpensive term, universal life, final expense, annuities, disability and unique “MONEY BACK” term life insurance.
Taxation on Retirement account
If retirement account has been funded with after tax money, the cost basis will be tax free withdrawal. Example: Rose owns a traditional IRA and has made $3,000 in nondeductible contributions to the plan for the past 20 years. When she reaches age 60, she decides to retire and take a lump-sum distribution from her… Continue reading Taxation on Retirement account