Retirement Planning Part 1

Retirement Planning
Deciding how much money you need for retirement is a highly personal calculation. It depends on any number of factors, from your current lifestyle to your general state of health to whether you plan to retire early. That’s why we’ve designed this set of five interactive worksheets to let you tailor your estimate to your own circumstances. Be forewarned: These worksheets will take some time to complete. But when you’re done, you’ll have a dependable estimate of

  • How much annual retirement income you’ll need.
  • How much you can count on from your pension and Social Security benefits.
  • What your total nest egg must be, and
  • How much you need to put away this year to begin to reach
Read More

Purchased life annuity Guide Part 2

Increasing or escalating annuity
Some offices offer increasing annuities, where the instalments increase by a fixed percentage each year. This can help to offset the effects of inflation, although the rate of inflation may well be higher than the fixed rate of increase. You should also remember that a level annuity will be much higher for the same premium than the initial level of an increasing annuity.

A few offices have annuities linked to the Retail Price Index. Unit-linked annuities are also available and three offices have an annuity linked to their with-profits funds. All these types of annuity give a lower initial payment than a fixed annuity, but better protection against future inflation.

Impaired life annuity
In the past, … Read More

Purchased life annuity Guide

Purchased life annuity
Also known as an immediate annuity, this type of contract provides, in return for a single premium, an annual payment starting immediately and continuing for the rest of the annuitant’s life.

Annuities can be on a single life or joint lives, most usually husband and wife. These policies are particularly popular for retired people who want a guaranteed income for as long as they live. They may be bought with the tax free cash available from a personal pension on retirement.

Where an annuity is being used to provide retirement income for a married couple, it would not be advisable to have a single life annuity, because if the annuitant died first, payments would cease and the … Read More

Guide Buy and Sell Home

Buying a New Home

Looking at new homes can be fun, but it helps to know how much you can afford. When you’ve selected your new home, be sure to investigate your agent bank home mortgage loans. They also have a home equity line of credit for any future needs.

Don’t forget the importance of homeowners insurance to protect your new home and its contents! And of course, you’ll want to learn about how to best protect your new home.


Here you have some tips for selling a Home

Set your price carefully — too high and buyers may not consider it, too low and you’re selling yourself short. Realtors often give a free home market analysis … Read More

Insurance facts for condo owners

Insurance facts for condo owners

As a condominium owner you have special insurance needs.

Your condominium building structure and all common property are usually protected by a policy purchased through the condominium association, but what about your personal belongings, theft losses, and personal liability protection?

Check out the answers to these and other commonly-asked questions about condominium insurance.

Many condo owners don’t realize they have a lot to lose, whether it’s personal belongings or loss due to legal liability. If you don’t already have a condominium owners insurance policy, you may have questions about the importance of condominium insurance and the coverages provided. Checkout the answers. You’ll be surprised to learn just how much you risk losing without proper … Read More