 For many Americans, retirement is the ultimate financial goal. Retirement is often associated with freedom. You’re free from the schedule and lifestyle constraints that come with a busy career. When you’re retired, you’re free to spend your time as you like, on the things, people, and activities that mean the most to you.
Unfortunately, many people don’t get the chance to experience that kind of freedom until late in life. In some cases, they may not be healthy by the time they retire and their most active years could be in the rearview mirror.
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 Do you own one of the more than 25 million individual retirement accounts in the United States? Since its inception in 1974, the IRA has become a popular savings vehicle for retirement, largely due to its flexibility and substantial tax advantages.1
Originally, there was only one type of IRA available - the traditional IRA. Traditional IRAs offer potential tax deductions for upfront contributions, assuming you meet income limitations. They also offer tax-deferred growth as long as the funds stay inside the account. However, all distributions from a traditional IRA are taxable.  Every year since 2001, Gallup has conducted a survey to measure Americans’ top financial worries. Medical bills, cost of living, and investment volatility are commonly cited by respondents as significant concerns.
However, the study has delivered the same number one financial worry for sixteen consecutive years. It’s the concern that one won’t be able to afford retirement. In the 2016 study, 64 percent of Americans said their primary financial concern is that they won’t have enough money to retire comfortably.1  A new year is here, and if you’re like many Americans, that means it’s time to make resolutions to improve your life. Perhaps you want to lose weight or drop an unhealthy habit. Maybe you’ve resolved to finally get organized. Or you could make 2017 the year you take back control of your financial future.
Many resolutions are simply a promise to one’s self to build more productive habits. Losing weight is about getting in the habit of exercising regularly and eating healthy. Quitting smoking or some other unwanted behavior is all about developing the habit of self-control. |
Kirt CarstensCarstens Financial Group focuses on providing comprehensive asset management, estate planning and life insurance solutions. Allow us to help you secure your financial future. Archives
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Kirt Carstens, CLU, ChFC
Investment Advisor Representative |
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.
Securities and Advisory Services offered through CreativeOne Securities, LLC Member FINRA/SIPC and an Investment Advisor. Carstens Financial Group and CreativeOne Securities, LLC are not affiliated.
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.
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Securities and Advisory Services offered through CreativeOne Securities, LLC Member FINRA/SIPC and an Investment Advisor. Carstens Financial Group and CreativeOne Securities, LLC are not affiliated.
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.
Check the background of an investment professional. | Privacy Policy