theresa

Delay Social Security Not Retirement

October 26th, 2017|

By Dan Schulte, Vice President and Manager, Annuities and Insurance and
Theresa Fry, Senior Vice President and Manager, IRA and Retirement Plans

If you are like most pre-retirees, you may be wondering: “When should I begin taking Social Security retirement benefits?”  Americans can begin receiving Social Security retirement benefits as early as age 62. However, beginning benefits […]

Trust Beneficiaries and Your Retirement Accounts

October 18th, 2017|

By Theresa Fry, Senior Vice President and Manager, IRA and Retirement Plans

As Estate Planning Awareness Week continues, one often overlooked aspect of estate planning involves beneficiary designations.  Keeping beneficiary designations up to date is one of the most important aspects of legacy planning when you have accumulated assets in tax-deferred retirement accounts, such as Traditional […]

How Much Do You Plan to Eat During Retirement?

June 19th, 2017|

By Theresa Fry, Senior Vice President and Manager, IRA and Retirement Plans

This may sound like a silly question, but food is one of the essential needs we will have to cover in retirement. Yet many people have not taken the time to calculate how much they will need to cover essential expenses like food, shelter, […]

When Should I Start Taking Social Security?

May 22nd, 2017|

By Kortney Christensen, CFP®, Executive Vice President, Director of Sales and Marketing and Theresa Fry, Senior Vice President and Manager, IRA and Retirement Plans

For many of us, Social Security represents a significant part of our retirement income. The Social Security Administration (SSA) reports that 61% of beneficiaries received at least half of their income from […]

How Confident Are You With Your Retirement Plan?

May 8th, 2017|

By Theresa Fry, Senior Vice President and Manager, IRA and Retirement Plans

Time does funny things—one minute we’re excited at a new job and our prospects for the future. We’re eager to move into the world, assert our independence and enjoy the fun that financial freedom seems to offer. Then, in what seems to be a […]

Tax Tip Tuesday: Is My Social Security Taxable?

April 4th, 2017|

By Theresa Fry, Senior Vice President and Manager, IRAs and Retirement Planning

At one time, all Social Security benefits were tax free. Today, if your only source of retirement income is Social Security, then it may still be tax free. But the higher your income, the more taxes you’ll pay on your benefits.

Taxes on Social Security […]

Tax Tip Tuesday: Yes, You Can Direct Deposit Your Tax Refund into Your IRA!

March 21st, 2017|

By Theresa Fry, Senior Vice President and Manager, IRAs and Retirement Planning

If you haven’t yet filed your tax return and are expecting a refund this year, there is an easy way to turn that refund into retirement savings without being tempted to spend it. Did you know you can direct deposit your tax refund into […]

Tax Tip Tuesday: Extra Time to Contribute To Your IRA

March 7th, 2017|

By Theresa Fry, Senior Vice President and Manager, IRAs and Retirement Planning

It’s not too late. You can still make a contribution for 2016 to your Roth, traditional, or SEP IRA (if you are self-employed). This year there is a little extra time for everyone. All individuals have until Tuesday, April 18, 2017 to file their […]

Summer Savings Strategies: Keep Your Assets Tax Diversified

August 16th, 2016|

By Theresa Fry, Vice President and Manager, IRA and Retirement Planning

When you retire, your savings and investments will likely become a primary source of income. Did you know that how income is taxed is impacted by the type of investment and the type of account the income is taken from? There are three main categories […]

Is It a Hobby or a Business?

June 30th, 2016|

By Theresa Fry, Vice President and Manager, IRA and Retirement Planning

Millions of people enjoy hobbies, and the many pastimes and diversions classified as such are as varied as the people who enjoy them. Some people take up a hobby because they want to have a creative outlet for their talents. Some may do it for […]