Benjamin Hulburt

what are required minimum distributions

What Are RMDs (Required Minimum Distributions) and How Do They Work?

When making plans for your retirement, there’s no doubt that you’re also looking into wealth protection. As such, you’ve probably encountered the term required minimum distributions (RMD) but you may not know what it means. Fortunately, we’ve placed all the vital details in this blog post — read on to find out more. What Is …

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index annuity crediting methods

Index Annuity Crediting Methods: What Are They?

If you’ve been thinking about your retirement goals, chances are that you’ve encountered the term “index annuity.” You may have heard that there are various crediting methods that revolve around them. However, these lead to more questions than answers, and confusion can set in quickly if you don’t know where to look. In this blog …

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what is a guaranteed minimum income benefit

What Is a Guaranteed Minimum Income Benefit (GMIB)?

When looking into creating a retirement budget, you may have come across the term guaranteed minimum income benefit (GMIB). Some annuity providers offer this optional insurance rider to guarantee a lifetime income. These providers often present the benefits of purchasing the rider without detailing how it works. As such, it’s important to understand GMIBs before …

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how to create a retirement budget

How to Create a Retirement Budget

Everyone dreams of a comfortable retirement. Unfortunately for many, poor planning leads to insufficient retirement savings. According to the Congressional Research Service, in terms of the cash amounts used to define poverty status in 2021, 10.3 percent of the elderly population had incomes that were below the poverty standards.  The overall number of elderly people …

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how to fund college education through an indexed universal life policy

How To Fund College Education Through an Indexed Universal Life Policy

The financial burden of a college education is a source of stress for many families. According to CollegeData.com, tertiary education in private institutions would cost approximately $39,400 for the upcoming school year. This rough estimation doesn’t include other supplemental expenses an average college student would incur. With tuition and other expenses increasing each year, finding …

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ordinary annuity

What Is an Ordinary Annuity? Everything You Need To Know

Retirement planning is an extensive yet necessary step to take before leaving your working years. Many people are discouraged from planning their retirement because of the vast options they can choose from. With a lot to learn about retirement planning, it’s crucial to start at the most basic, which is annuities. Under annuities, you can …

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