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Category: Summer Savings Strategies

8 posts categorized as "Summer Savings Strategies"

Summer Savings: How Much Will it Cost to Eat in Retirement?

Jun 23, 2021

By Theresa Fry, Senior Vice President and Manager, IRA’s, Retirement & Education Planning

Do you know how much it will cost to eat in retirement? Consider this example, at $5.00 per meal, eating three meals a day, 365 days in the year, for a retirement period of 20 years, it will cost a retired couple $219,000 just to eat in retirement.  That assumes there will be no inflation on the cost of groceries during that 20-year period. 

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Summer Savings: Seven Ways to Do More With an Income Annuity

Jun 16, 2021

By Dan Schulte, Senior Vice President and Manager, Annuities and Insurance

Income annuities can be a great way to provide guaranteed income for a period certain, or even for a lifetime. What may not be as well-known are the strategies that can utilize various income annuity designs. Below are samples of various income annuity techniques:

  1. Retire sooner – If your goal retirement date depends on when you have enough money saved,

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Summer Savings: Graduation Marks a New Phase of Financial Responsibility

Jun 9, 2021

By Edward “Ed” V. O’Neal, Senior Vice President and Manager, Retirement Plans

For those who have recently graduated from college – or may be on the verge of doing so – this experience marks a monumental time in your life. The possibilities are unlimited, and the excitement is intoxicating. For most young adults, college graduation is the start of a major transition into adulthood and the prospect of employment in the “real world.” College students will enter the work force armed with degrees and knowledge ranging from computer science and physics,

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Summer Savings: Strategies for Success

Jun 2, 2021

By Theresa Fry, Senior Vice President and Manager of IRA’s, Retirement and Education Planning

With Memorial Day weekend behind us and temperatures warming up, the unofficial kickoff to summer has begun. Thankfully, more and more states are lifting their COVID restrictions and people are once again looking forward. Summer may offer you the opportunity to lead a more active, adventurous, and healthy lifestyle, or perhaps provide the rest and relaxation you need to recharge and restore your mental well-being.

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Summer Savings Strategies: Indexed Variable Annuities May Provide a Buffer from Loss

May 22, 2019

By Dan Schulte, Vice President and Manager, Annuities and Insurance

There are times when stock market volatility leaves some investors worried about meeting their retirement goals. This has left many of these individuals seeking products that can provide downside protection with upside potential.  A product that can help give investors some degree of piece-of-mind in turbulent times is an Indexed Variable Annuity.

Indexed Variable Annuities (also known as buffered or structured annuities) are typically designed with a combination of variable and index-linked investment options that can balance both personal risk tolerance with growth potential as well as provide a protection of principal.

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Summer Savings Strategies: Be Disciplined and Systematic

May 15, 2019

By Bruce Buerkle, CFA, Senior Vice President, Manager Securities Research Support

Have you reviewed how much you are saving annually and considered whether there are opportunities to increase your savings rate? Developing a “pay yourself first” plan can reap large rewards over the long term. Look for ways to automate your savings such as establishing a direct deposit into an investment account. Dollar-Cost Averaging, an investment strategy wherein you buy the same dollar amount of an investment at regular intervals,

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Summer Savings Strategies: The Earlier the Better – Graduates Should Start Saving for Retirement Now!

May 8, 2019

By Edward “Ed” V. O’Neal, Vice President and Manager, Retirement Plans

Congratulations college graduates, all your late-night study sessions and frantic essay writing is finally over! Now, welcome to the “real world” as your attention begins to turn to matters of joining the workforce and actual adult financial matters. Saving for retirement is probably near the bottom of your financial priorities, after paying rent, student loan payments, and determining how much of your income is left for takeout food and Uber rides.

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2019 Summer Saving Strategies

May 1, 2019

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

Temperatures are warming up and flowers are blooming which means summer is right around the corner.  Have you been busy making summer plans?  Are you going to travel somewhere for a well-deserved vacation?  Are you planning to finally read that book you bought last year?  Maybe you’ve been thinking about making some healthy lifestyle changes and getting in more steps each day. 

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