Annuities in the pandemic.

Our lives have been turned upside down during the last few months because of the COVID-19 pandemic. Annuities during the pandemic. Covid-19 The VillagesThe shock of losing their jobs has affected 40 million Americans and counting. What about retirees? What kind of recourse is there to fall back on? Turns out right now is a great time to look into annuities and secure your financial future.

As minor retirement expenses accumulate, you have to consider the bigger picture. Will your nest egg last through your entire lifetime? On average, most Americans retire by the age of 62, which means many retirees must cover living expenses for around 17 years. An annuity is a long-term investment that you purchase from your insurance company. They are explicitly designed to protect you from outliving your income. For many senior citizens or people over 50, annuities are an integral part of a successful financial retirement portfolio. Annuities help build tax-deferred savings to cover retirement costs like living expenses and healthcare.

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Retirement strategies for women.

There are more women in the workplace than ever before, and many are in charge of their household financial management. Retirement strategies for women.  With longer lifespan expectancies and lower average lifetime earnings than men, women often face a significant retirement funding gap.

Financial advisors are increasingly seeing the concept of women in control of household finances as the norm. The common factor for both young professional women and retirees is that both groups want to plan better and know they can, with access to a competent financial advisor.

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A brief history of The Villages® Florida.

Florida has always been the number one retirement spot in the country because of its lush tropical beaches, sunny warm weather, and many theme parks and activities to explore. A brief history of The Villages, FL.One place, in particular, has become the largest single retirement community in the entire world. 

In the 1960s, a young real estate businessman, named Harold Schwartz was able to purchase a large amount of pasture land in the heart of Central Florida. He had a dream to create a unique retirement community to those who were ready to leave the colder states of the north and enjoy a long-awaited retirement. He soon developed a quaint retirement trailer park In the 70s named Orange Blossom Gardens with his partner Al Tarrson.

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CARES Act Update: Required 2020 Minimum Distributions From Retirement Accounts Waived

cares actWith the economy being hit harder than we have ever seen before from the novel Coronavirus, Congress has tried to relieve American citizens bypassing the CARES Act (Coronavirus Aid, Relief, and Economic Security) Act.

Among the financial relief included in the CARES Act are exemptions from 2020 required minimum distributions or RMDs. 

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