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December 2011 – Letter From The CEO

December 7, 2011 By Leave a Comment
December 2011   Monday, December 5, 2011
Geof-Scanlon - Scanlon & Associates Employee Benefits BrokersThe Purpose of My E-Newsletter 
I hope you enjoy receiving my e-newsletter. It is intended to enhance and complement the personalized service that you already receive from me. The e-newsletter’s main objective is to ensure, regardless of busy work schedules and travel plans, that each of my clients will receive at least a minimal amount of timely advice on a regular basis. I also hope it will stimulate your thinking on issues related to your personal finances by providing you with articles on a variety of financial topics. Please feel free to call or e-mail me with any questions or comments, particularly with regard to the applicability of a given idea to your personal situation.Please be liberal in sharing this e-newsletter with your colleagues and friends. Feel free to call or e-mail me with the names and addresses of people who might enjoy receiving their own copy of this e-newsletter.
How Your Stage of Life Impacts Your Bond Strategies 
A common misconception regarding bonds is that they are only appropriate for older or more conservative investors. However, bonds should be considered by all investors as part of a well-diversified portfolio, even though their role may change over your lifetime. 
[FULL ARTICLE] 
Helping Beneficiaries Avoid IRA Mistakes 
While annual contributions to IRAs are still relatively modest, the ability to roll over 401(k) balances to an IRA can result in significant IRA balances. In addition to retirement planning vehicles, IRAs are thus becoming estate planning tools for individuals who won’t use the entire balance during their lifetimes. If you are in that situation, help your beneficiaries avoid these common IRA mistakes. 
[FULL ARTICLE] 
How Much Disability Insurance Do You Need? 
For many, a long-term disability would be financially devastating. Although no one likes to think about this possibility, you should consider your options now so that you can obtain disability income insurance if needed. Many individuals can find the funds, even though it might be difficult, to get through a short-term disability of six months or less. 
[FULL ARTICLE] 
Understanding the Roth 401(k) 
In 1998, the Roth individual retirement account (IRA) was enacted. Instead of offering a tax break when you contribute, the Roth only allows after-tax contributions; and instead of subjecting retirement-age withdrawals to income taxes, qualified Roth IRA withdrawals are tax free. 
[FULL ARTICLE] 
Avoid Withdrawal Mistakes 
During your working years, your emphasis was to accumulate as much as possible for retirement. But as you near retirement age, you need to start thinking about how to withdraw those funds to maximize your income. To help accomplish that, avoid these mistakes. 
[FULL ARTICLE] 
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