Kingsman Financial Solutions LLC

12/01/2024

The Fed's rate cut will provide relief for some borrowers, but savers will have to work harder to get decent returns.

The Fed's rate cuts will provide relief for some borrowers, but savers will have to work harder to get decent returns.

11/30/2024

It’s easy to confuse tax credits and deductions. Here’s what you need to know about the key differences.

Your guide to tax deductions and credits, how the IRS treats them differently, and how they impact your tax bill.

01/31/2023

Guaranteed lifetime income annuities (GLIAs) are a type of insurance product that offer a reliable source of income for the rest of your life. Here are several reasons why you should consider buying a GLIA:

Guaranteed income: GLIAs provide a guaranteed stream of income for life, regardless of market conditions or other factors. This can give you peace of mind and stability in retirement.

Protection against longevity risk: One of the biggest risks in retirement is outliving your savings. GLIAs help protect against this by providing a guaranteed income for life.

Inflation protection: Some GLIAs offer inflation protection, which means your income will increase over time to keep up with the cost of living.

Tax benefits: The income from GLIAs is taxed as ordinary income, but a portion may be taxed at a lower rate due to the exclusion ratio.

Complements other retirement income sources: GLIAs can complement other retirement income sources such as Social Security, pensions, and investments.

No investment risk: Unlike investments, the income from GLIAs is not subject to market fluctuations, so you don’t have to worry about losing money.

In conclusion, GLIAs can provide a reliable source of income, protection against longevity risk and inflation, tax benefits, and complement other retirement income sources. Consider adding a GLIA to your retirement plan for added security and peace of mind. Call Us Today!

01/27/2023

New legislation allows unused money from 529 college savings plans to be redirected to a tax-free IRA account.

Owners of 529 college savings plans got a potentially lucrative boost from the $1.7 trillion omnibus spending bill that passed in late December, thanks to a measure that allows unused money in the...

12/31/2021

Is improving your financial health a priority for you this year? Once the celebrations settle down, let's talk about your options. It's easier to start making a difference than you may think.

11/25/2021

Happy ! Today, give thanks for your loved ones, the time you spend together, and the memories you make. When the festivities have quieted, give me a call and we'll talk about how to protect them.

When you add whole life insurance to your financial portfolio, it can work for both you and your family. Learn how this type of investment can support your goals.

11/14/2021

These five tips can help small business owners quickly improve productivity, avoid burnout, and get better results for their growing business.

As an entrepreneur, do you ever find yourself frustrated with what you've been able to accomplish throughout the day? Or perhaps, what you haven't been able to accomplish? If so, know now that a few key quick fixes in the ways of productivity can make all the difference in the world.

11/13/2021

The Stock Market Crash of 1929 was not caused by one single factor but a collection of events. Take a look at some of the major causes in this article.

The stock market crash of 1929 started because of overconfidence by investors but was amplified by the actions of Congress. Here's what to know.

11/12/2021

This article shares the most common IRA rollover mistakes and how to avoid them.

It's easy for a rollover to break the rules, triggering income taxes and penalties.

11/11/2021

On , we salute those who bravely serve our country and protect all of us every day.

10/11/2021

Whether your business is closed or not for , it's the perfect time to explore new horizons of your own. With our financial professionals, you can learn about new ways to protect your business, reward your employees, and prepare for the future.

Learn how insurance from New York Life can protect and support your small business, from guiding succession planning to providing incentives for your employees.