Annuity Factors for Consideration

August 19th, 2010
Fees: Determine whether the yearly fees imposed on a considered annuity plan are worth the benefits you may receive; and find out if the plan puts “surrender fees” into effect if you want to make a premature withdrawal. A wealth management firm in Fort Worth TX can help you consider these options.
Return Rates: Make sure that the rate of return promised by the insurance company selling the annuity is the actual rate that you will receive. Confirm the time period during which that rate will apply. Occasionally, the guaranteed fixed annuity rate decreases after the introductory period. Double-check the long-term financial qualifications of the insurer, since it has promised to pay you benefits over the course of many years.

Tax Advantages: Consider this: you will have to pay income taxes on payouts your receive from your Fort Worth annuity program. You will be forced to pay a tax penalty if you withdraw money before you reach the age of 59 1/2.

Inflation: The amount of income provided by an annuity may decrease in the face of adverse inflation. You and your financial advisor in Fort Worth can decide to take part in an inflation protection program.

Contract Terms: Consult a Fort Worth financial advisor before you obtain an annuity contract. These contracts can be extremely complicated. Also be aware of advice to switch to a new annuity plan, however. High surrender charges could apply if you change plans before the original surrender period has run its course.

For more information, please contact our Fort Worth wealth management firm.

Benefits of Tax Planning

August 12th, 2010

There are an overwhelming amount of strategies that you should be aware of when creating a plan for your wealth. A wealth strategy that helps you minimize taxes on your income should be included in those options. Everybody has different financial situations; so no two tax strategies are exactly alike. Customizing the right tax plan begins with answering questions like: “Which current Fort Worth tax laws exist?”, “Which Fort Worth tax laws affect me?”, and “How can I create a reduction plan for the Fort Worth taxes that I owe?”

Individuals and businesses can equally benefit from a solid Fort Worth tax reduction plan. Individuals benefit by the reduction of taxes on wages and other types of taxable income. From a business perspective, the more after-tax income savings, the greater the profits a company will have to reinvest into your business’s operation expenditures. This will also lead to an increase in owner and shareholder profit.

A tax plan should be in place the moment that there is income that is prone to taxation. In the past, tax advisors created strategies to aid wealthy citizens reduce in liability scenarios. However, there is now a greater need for taxpayer informativeness, in order to show certain individuals how to benefit from tax-reducing and tax-saving options. A Fort Worth Tax Advisor can show you how to apply these moves throughout the year for ideal, maximum savings.

To get assistance developing a tax plan seek the advice of one of our qualified Fort Worth Wealth Management professionals.

Surviving the Recession

August 5th, 2010

Although it seems as if the recession has leveled off, and may possibly be improving, financial responsibility is important – especially if the recession continues longer than expected or we experience a double-dip recession. Our Fort Worth Wealth Management Group can help you.

The key is to become financially educated. Overspending, cutting instant gratification buys, and using basic thrift are common, but their aid can only take you so far. It is critical to partner with a professional who can advise you on asset management, retirement planning, and other financial attributes.

A company such as our Fort Worth Wealth Management Company helps in achieving long-term wealth and long-term profit. It may provide many services like investment management, portfolio balancing, financing solutions, trust and estate management, tax advice, and more. They will also be able to provide you with personal banking and insurance advice.

With a recession comes swirling (and often conflicting) opinions about how you should manage your money. Lower and middle class citizens have debt piling up, while we hear stories about upper class citizens who mismanage their wealth and lose it all. The truth is, people need a qualified economic advisor who understands their situation and their goals to help them weather the economic storm. Our professional Fort Worth Financial Advisors can help.

Reducing the Stress of Taxes by Tax Planning

July 8th, 2010

Doing your taxes will be easy and a lot less stressful if you get started early. Start early and you may be able to reduce your taxes and get more back when tax season comes around.

Here are a few tips for early tax planning:

1. Write down all expenses. Saving every receipt will aide you, especially if you are an independent business owner.

2. Increase your withholding. If you owed money and withheld $0 last year, try withholding $5 to $10 per paycheck. Ask your employer for the withholding sheet.

3. Donate the extra cash to an IRA account. IRA stands for Individual Retirement Account, and it provides tax benefits when used to save money for retirement. IRA contributions are deductible as well. An IRA account holds the investments so you can invest in stocks, mutual funds, CDs and more.

If you would like more information about tax planning, contact Robinson Wealth Management Group in Fort Worth, TX.

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Do you have a retirement plan?

June 23rd, 2010

Have you really given serious thought to retirement?  Come on, who thinks about the future right?  Wrong!  Retirement is a serious subject that deserves your undivided attention. I mean seriously, if you view retirement that way, I guess you don’t have a life insurance policy either.  Death is inevitable and should you live a long and prosperous life retirement is as well.  Let’s plan for both so you can relax knowing your future is taken care of.

I recommend you contact a Fort Worth investment advisor immediately.  This will get the ball rolling towards establishing a retirement plan that works best for you.  Your investment goals will assist your advisor in picking the right product to suit your needs.  In the end the choice is yours, but keep in mind you investment advisor has years of experience at connecting people with strategies toward financial freedom.  Review the product list below:

Traditional IRA


Rollover IRA

Simple IRA




Solo 401K

Profit Sharing Plans

Defined BEnefit Plans


The goal is to make sure the money you’re setting aside towards retirement is producing the level of return you desire.  If you’re not seeing the value, you may need to switch to a Fort Worth wealth management group that can optimize your investments and present you with the best strategy to reach your goals.  If retirement is something you’ve had on the back burner like your child’s education or estate planning, get busy now.  Proper retirement planning today will provide you and your family a much brighter tomorrow.

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June 14th, 2010

These are the first steps to start building your retirement plan.

 Are you like countless others, wondering where to start retirement planning? No need to worry or procrastinate any longer. The most important thing is to do is to simply begin. Here are five top ways to help you get started.

 Retirement Plan Step #1 – Start Saving

The only way to create wealth is to save. Only by saving will you have money in the bank or otherwise invested. By the time retirement rolls around, the dollars you save today may have grown many times over. The key is to begin and to begin soon. Thanks to the miracle of compounding interest, it is the money you save today that has the opportunity to grow by the most. Each year you wait can be costly, so make sure to save enough.

 Retirement Plan Step #2 – Use Your 401(k) Plan

Although not every employee will have a 401(k) plan available to them at work, those who do will be hard-pressed to find another retirement planning opportunity as lucrative as that one. Thanks to the benefits of tax-deferral and automatic savings, you’re likely to find your account balance growing faster than you previously thought possible. Plus, due to the penalty for early withdrawals, you’re unlikely to take your money spontaneously (That’s a good thing because you want it to be there for your retirement).  A 403(b) or a 457 plan may be available to some employees instead of a 401(k) plan and, if so, typically work very similarly. Other employees won’t have access to any of these plans. That’s why there are IRAs.

 Retirement Plan Step #3 – An Employer Matching Program Means Free   Money!

If your employer offers a matching program as part of your 401(k) plan, you’ll have the opportunity to receive additional funding for your retirement at no cost to you. But to receive the funding, you need to participate to a certain level in your 401(k) plan. However, this is a no-brainer! After all, you’d never knowingly say “No” to free money, right? 

Retirement Plan Step #4 – Don’t Forget The IRA’s

A traditional IRA contribution allows your money to grow tax-deferred. Depending on your income, tax filing status, and ability for you (and/or your spouse) to contribute to a workplace retirement account, your IRA contribution may even be tax deductible, further saving you money on this year’s taxes.

Retirement Plan Step #5 – A Roth IRA Could Be Even Better

Imagine access to a retirement fund without having to pay income taxes. It could happen – through the Roth IRA. Although you won’t receive a tax deduction for any contributions you make, your money grows tax-free, making it a truly fantastic place to begin saving for retirement.

Categories: Retirement Tags:


June 4th, 2010

Like every investor, you want to choose investments that will provide the growth and income you need to meet your financial goals. To do so, it is important to understand your investment choices and how different types of investments put your money to work.

It is equally important to understand yourself as an investor.  A portfolio that is right for someone else may not be best for you. The factors that make a difference are:

  • your age
  • your goals, or what you want to accomplish by investing
  • the timeframes for your various goals
  • your attitude toward risk, i.e. your risk tolerance

Once you have devised a strategy for choosing investments appropriate to each of your goals, you have taken a major step toward meeting them.

General Rules of Investing

As a general rule, the younger you are and the more time you have to reach a financial goal, the more investment risk you can afford to take.

On the other hand, when you are in your late 50s or 60s, you probably will want to exercise more caution about taking on investment risk, since your portfolio may not have a chance to recover from a market downturn before you need to start drawing on your retirement assets. When you retire, your goal is not only providing continued growth while taking limited investment risk but also ensuring that you have a stream of income that can cover a portion of your living expenses.

But these are just guidelines. No single approach to choosing investments will work for everyone or will be right for every situation. You will want to tailor your strategy to your own unique needs and circumstances.

What does make sense for all investors is concentrating on investments that, however different they are from each other, share these important characteristics:

  • The investments are easy to evaluate because there’s lots of information about them. Regulators require disclosure of certain information to investors through documents such as mutual fund prospectuses, corporate filings for stock issued by public companies that trade on the major stock markets, and prospectuses or offering statements for bonds.
  • The investments are easy to buy and sell, either through a brokerage account or in some cases directly from the issuer. Thinly-traded stocks or securities that are not listed on a major exchange are rarely a good idea for most investors.
  • Sales charges for buying and selling the investments are clearly explained, as are any fees for selling within a certain timeframe.
  • The investments are registered with the SEC or your state’s securities regulator, and the salespeople who sell them are licensed by FINRA.
  • You understand the risks of the investment and how it works.
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June 2nd, 2010

Our Fort Worth Retirement Planning and Money Management Department have compiled a list of forms that we feel would help you manage various aspects of your financial record keeping needs. Feel free to download these forms or share them with your friends.

Financial Planning Forms


June 1st, 2010

“I need money!”  Well, not me specifically… I’m talking about when my clients call me and let me know that they would like to withdraw some of their funds.  You didn’t work all those years and diligently put money away to die rich, did you?  You did it so that you can live comfortably and have money there when you need it.  Right?

Well, this is one area that might seem simple, but I’ve actually seen lots of mistakes.  How you take your money out can have a big affect on your finances.  There is actually an intelligent order in which you should tap into your accounts.  If you do it right, you can both extend how long your money lasts and increase the amount you can pull out safely.  All without changing your investments at all.

Read More at Fort Worth Retirement Planning Site

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May 24th, 2010
The answer has nothing to do with finding the single perfect stock or mutual fund. The key is changing your idea of what the ‘right’ investment really is!
Do you have the right stock and bond mix?
Once you’ve given up the notion that you can pick the next hot mutual fund, you can focus on the real key to investing for retirement. And that’s creating a blend of stocks and bonds aggressive enough to generate the returns you need but not so risky that your retirement savings will be decimated by market meltdowns.

When you’re younger and have more time to recover from short-term setbacks, you can afford to tilt your mix toward stocks. As you age and become more vulnerable to losses, gradually shift toward bonds. It’s pretty simple.

If you don’t have the time or inclination to do this yourself, go with an increasingly popular option known as a target-date retirement fund. You simply choose a fund with a date that roughly corresponds to the year you plan to retire – say, the 2035 fund if you’re in your early forties – and you get a fully diversified portfolio suitable for someone your age. Many large fund firms, including Fidelity, T. Rowe Price and Vanguard, offer these options, while 85% of 401(k)s at large companies offer or plan to offer similar funds.

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