by goatomic | May 3, 2022 | Birmingham Financial Services, Retirement Planning
By: Josh Slocum, McClellan Wealth Management You, as an employer, may plan on retiring at some age, but may not be thinking about actually saving money for retirement. Luckily, there are different investment plans that could contribute to retirement — IRA plans. IRA...
by admin | Jan 26, 2022 | Retirement Planning
By: Josh Slocum, McClellan Wealth Management IRA stands for an individual retirement account. To simplify, one contributes money, either pre- or post-tax dollars, into an IRA where the funds can be then invested for the purpose of saving for retirement. Unlike...
by admin | Jan 24, 2022 | Retirement Planning
By: Josh Slocum, McClellan Wealth Management A 401(k) retirement plan is an employer-sponsored retirement savings program that enables employees to save for their retirement by making pre-tax contributions. No matter if you’re just starting your career or have been in...
by admin | Jun 25, 2021 | Finances, Retirement Planning, Wealth Management
By: Josh Slocum, McClellan Wealth Management If you’re nearing retirement, you may be facing some difficult decisions regarding your defined-benefit pension plan. You might be wondering whether you should opt for the traditional path and accept lifetime monthly...
by admin | Jan 13, 2021 | Retirement Planning, Wealth Management
By: Josh Slocum, McClellan Wealth Management If I asked you what an annuity is, could you tell me? If the answer is no, you’re not alone! An annuity is essentially an insurance contract. For example, when you purchase an annuity, you pay a set amount of money today,...
by admin | Dec 7, 2020 | Retirement Planning
By: Josh Slocum, McClellan Wealth Management This year, maybe more than ever, saving for retirement is on everyone’s mind. While some people think it’s a given – that things will fall into place financially, and they’ll be able to retire on their pre-planned...