Retirement Compass

Jul 29, 2022

People are not getting much growth to so-called safe money investments such as savings accounts or money markets, leaving much riskier ways to try and achieve growth. But buffered ETFs are an off-the-beaten path tool that could work in some portfolios. In this episode, Bennett Thayer of Innovator ETFs joins Tim and...

Jul 29, 2022

These are the most popular vehicles for savings in retirement. Tim and Jeff discuss what they are and positives and negatives concerning each.

Takeaways

• Traditional and Roth IRAs have different types of tax advantages. The traditional is tax deferred so the savings come up front, while the Roth brings you tax free...

Jul 27, 2022

Small business owners have numerous challenges in running their business. But they also face challenges when it comes to retiring. A recent survey showed over a third of small business owners don’t have a retirement plan.

Takeaways

• There are IRA options available, including a SEP
• Simple IRA for businesses with under...

Jul 27, 2022

Life insurance has obvious advantages when you are younger and need to protect a family in case of a tragedy. But in retirement, life insurance can have other advantages in the right plan.

Takeaways

• It is the most tax efficient way to transfer wealth
• Proceeds from a policy are tax free
• Some policies can also be used to...

Jul 22, 2022

Women have their own unique challenges when it comes to retirement, especially given that they outlive their partners or spouses more often than not. Proper planning can help assure a surviving spouse that they have the income to continue their lifestyle after a partner passes away.

Takeaways

• Health care concerns also...