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Category Archives: Retirement Accounts

I’m About To Retire! What Investments Should I Buy?

I have 2 unhealthy food favorites: fried chicken and donuts. I try to limit my exposure to these. That means rarely having donuts in the house.

As for fried chicken, I generally only eat it once a month. This is usually the 3rd Sunday of the month, also known as “fried chicken” day at church. We bring in a big platter of it for lunch after worship service.  

Lesson: Never sleep in on the 3rd Sunday.Continue Reading

Social Security File and Suspend – Reader Question & Answer

One of my readers, Judy, asked me the following question:

“Will the file and suspend change prevent me (62nd birthday is not until 8/26/17) from participating? Hubby still works but is already 63 and so I guess can file and suspend.”

Good question, Judy. And I’m sure that a lot of other people are looking for some guidance on this as well. So let’s tackle this one.Continue Reading

Know Your 401(k) Plan’s Rules

I recently got hooked on a board game called “Pegs and Jokers.”

If you’ve never played it before the simplified explanation would be you are trying to get all your “pegs” around the board before your opponents do. And the “Joker” card is a really good card to have.

It’s a game of chance of course. If you get a bad hand it can be hard to win the game.

But it’s also a game of skill. You have to play your hand wisely. And save up different good cards for just the right time.Continue Reading

How To Choose The Right Annuity

Today’s question comes from Russ. He has some questions about the type of annuity he is looking for. He writes:

How To Choose The Right Annuity Question


“I am looking at fixed index annuities. I am looking for a fixed index annuity that offers no cap, has a rider for fix income for life and an inflation guard. I would like one if possible that would have a 5 year surrender period… if that is possible… I would be taking income in about 5-6 years.”

What’s great about this email is that Russ has a clear idea of his different needs and what he’s looking to accomplish with an annuity.

Specifically, there are a couple of important issues Russ is looking for:Continue Reading

Do I Have Enough To Retire In 19 Years?

Today’s question comes from Stephanie. Here it is:

Stephanies question Do I Have Enough To Retire

Thank you for asking if any of your subscribers had any retirement questions. I am 48 years old and I plan on retiring at 67 years old. I make approximately $70k a year. I have  deferred compensation through my employer which I am currently contributing $400.00 per month. The employer is taking out approximately 8% for my retirement. I used the Social Security tool and the estimate at retirement (if the system doesn’t dissolve) will be approximately $1100.00 per month. I have about $30k in a Roth IRA right now. I have another $125k in mutual funds that I am not happy with. Here’s my question(s). I am thinking of putting the $125k in an annuity. I am concerned that I will not have enough money to live on after retirement. If my relatives are any indicator of life, I will probably live to be pretty old. My grandmother was 103, my other great grandmother was about 105, etc… Do you think I will have enough money to live on? How do I base that because today’s prices are not going to be the same as 18 years from now? I own a home, but I am no where close to paying it off. I live modestly, but I love traveling and want to continue to have this luxury after retirement. I am not married and I do not have any children. Please tell me what you think. Thank you for your assistance.

Great question, Stephanie. Here are a few things for you to think about…Continue Reading

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Investment Advisory Services offered through Retirement Wealth Advisors, (RWA) a Registered Investment Advisor.  Tri-State Financial Group, and Tri-State Insurance & Financial Services, and RWA are not affiliated. Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. Past performance does not guarantee future results. Consult your financial professional before making any investment decision.

This information is designed to provide general information on the subjects covered. Pursuant to IRS Circular 230, it is not, however, intended to provide specific legal or tax advice and cannot be used to avoid tax penalties or to promote, market, or recommend any tax plan or arrangement. Please note that Tri-State Financial Group and its affiliates do not give legal or tax advice. You are encouraged to consult your tax advisor or attorney.

Annuity guarantees rely on the financial strength and claims-paying ability of the issuing insurer. Any comments regarding safe and secure investments, and guaranteed income streams refer only to fixed insurance products. They do not refer, in any way to securities or investment advisory products. Fixed Insurance and Annuity product guarantees are subject to the claims‐paying ability of the issuing company and are not offered by Retirement Wealth Advisors. Chris Hammond is insurance licensed in TN.