Traditional IRA A traditional IRA is primarily an individual savings plan. Contributions are made up to a specified limit with the contribution tax deductible. Money invested and earned in a tradition... Read More

Annuity Payouts

An annuity is a cash contract between an individual and insurance company designed to systematically liquidate tax deferred capital.  Usually, there are three parties involved in the contract; contra... Read More


An annuity is a contract between you and an insurance company, under which you make a lump-sum payment or series of payments. In return, the insurer agrees to make periodic payments to you beginning i... Read More


A 403b and 401k retirement program look very similar. Both plans allow participants to set aside money for retirement on a pre-tax basis. Both plans take their names from the relevant tax code governi... Read More


What is a 401k? A 401(k) plan is a company-sponsored qualified retirement plan for employees. Contributions and earnings in a 401(k) plan are not subject to federal and most state income taxes until t... Read More