Matthew Gallagher wants to help with
your personal financial journey.
On Sunday, March 25, I went on TV to share my wealth management knowledge with everyone watching “News 8 Daybreak” on ABC (WFAA-TV). If you missed my Five Tips to Avoid Household Budget Busters, you can watch the segment below.
It was gratifying and humbling to share my knowledge with the people who watch ABC television, but I know a lot more than just these five tips—I have a lot of knowledge to share. I’m always sharing that knowledge with clients, and I’d like to share it with you, too.
Do you want to know more about how to create a financial strategy that’s right for you. Who better to help you do that than a Certified Financial Planner™ practitioner like me?
Call me directly today to set up an appointment (817.400.4486) or
email me at [email protected].
Licensed Insurance Professional. This information is designed to provide a general overview with regard to the subject matter covered and is not state specific. The authors, publisher and host are not providing legal, accounting or specific advice for your situation. By providing your information, you give consent to be contacted about the possible sale of an insurance or annuity product. This information has been provided by a Licensed Insurance Professional and does not necessarily represent the views of the presenting insurance professional. The statements and opinions expressed are those of the author and are subject to change at any time. All information is believed to be from reliable sources; however, presenting insurance professional makes no representation as to its completeness or accuracy. This material has been prepared for informational and educational purposes only. It is not intended to provide, and should not be relied upon for, accounting, legal, tax or investment advice. This information has been provided by a Licensed Insurance Professional and is not sponsored or endorsed by the Social Security Administration or any government agency.
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Are you considering using an annuity to provide income during your retirement? That could be a good idea, depending on your needs and objectives. Annuities can be a helpful tool to create predictable, reliable income that lasts through your retirement years.
Annuities can generate income via two different methods: annuitization or withdrawals. With annuitization, you contribute a lump sum into the annuity policy. The insurance company then converts that lump sum into a lifetime guaranteed stream of income based on your age and other factors. You lose access to the lump sum, but you receive a stream of income that’s guaranteed for life.
Annuities are one tool commonly used by retirees and those approaching retirement. While annuities offer a number of specific benefits, they are often viewed with skepticism. They may seem confusing or overly complex. You may feel they pose risks or that they may not fit your situation.
If you’re preparing for retirement, you are likely familiar with the broad range of tools that can be used to accumulate assets, manage income and provide a sound financial foundation. From IRAs to 401(k) plans to long-term care insurance and more, there are many financial strategies at your fingertips.
Are you one of the 64 percent of Americans concerned about not having enough money in retirement? According to Gallup’s 2016 survey of Americans’ financial concerns, retirement topped the list, edging out worries about medical bills and sustaining one’s lifestyle. In fact, retirement has been the top concern every year Gallup has conducted the survey.1
One of the best ways to alleviate that concern is to develop a detailed retirement plan. By planning ahead, you can establish a retirement savings goal and then work backward to create and implement a savings strategy.
For many workers, the path to retirement is well-defined. You build a successful career, earning promotions and pay raises over time. You contribute to your 401(k), IRA, and other accounts, gradually increasing your net worth. The goal is to minimize your reliance on debt, live within your means, and accumulate enough assets to fund a long and enjoyable retirement.
Sometimes the traditional path doesn’t go quite according to plan, though. Unexpected costs and emergencies happen. A medical issue could generate sizable health care costs. You may have to pay for costly home repairs. Market volatility could threaten your savings efforts. You could experience a career disruption that limits your ability to save for retirement.
Is retirement quickly approaching? Are you currently exploring tools and products that can help you enjoy a financially stable and comfortable retirement? From IRAs to insurance to investment vehicles, you have a broad range of tools and products at your disposal.
An annuity is one such tool. Annuities are often used to generate income, minimize taxes, manage risk and more. There are several types of annuities, and each is used to achieve specific objectives.