Author Archives: Todd

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We Support Police Officers

Category : Uncategorized

All of the Advisors at Universal Retirement want to publicly express their support and sincere thanks to the police officers in Las Vegas, Henderson, across the state of Nevada, and across the country.

During the last several days we have witnessed brazen attacks against our police officers; those that risk their lives to protect us, and to ensure that each of us lives in a civil and safe community. Attacks on police officers have occurred across the country, but over the past few days those attacks have come into our community, again. Last year two of our finest were gunned down while peacefully eating lunch. This week, several officers were attacked while simply performing their duties of protecting our community.

Imagine a community without police officers; lawlessness and chaos would be the norm. None of us would be safe from criminals. Civil unrest would engulf our community. The place we all call home would be changed into a war zone.

I’m glad we have police officers cruising our streets, defending our schools, safeguarding our homes and businesses, chasing down criminals, and protecting our community.

Police Officers – you have our support and heartfelt appreciation.


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Benefits of a 403(b) Retirement Account

Category : Uncategorized

The 403(b) is a tax-sheltered pension plan that is available to employees that work in institutions that have certain aims; education, literary, charitable, scientific, public awareness or similar purposes are served through these organizations.  The 403(b) plan allows the employees to contribute a certain portion of their salaries to this employer sponsored supplemental retirement account.

The 403(b) plan is similar to a 401(k) as their benefits resemble each other. However, the 403(b) plan benefits are specifically designed for non-profit entities; such as a school district.  The question arises why should one contribute to such a plan? It is a smart choice to choose 403(b) plan and to give you a brief idea about it, some of the top benefits affiliated with it are mentioned below:

Contributions are tax-deductible!

Saving yourself from hefty taxes is always desirable by almost any individual. With a 403(b), the contributions you make are deductible for federal income tax purposes. This means that you can contribute to your retirement plan without paying any tax on it. This reduces the amount of income tax paid and will help the employee get more benefits by saving extra cash.

Increase your savings tax-free!

Another big advantage is that the interest, dividends or gains on your contribution to the plan are not taxed until you start withdrawing them. This is yet another advantage that allows a 403(b) plan to be distinctive from normal taxable brokerage accounts.

You can easily rebalance your earnings more often by regularly scheduled contributions throughout a calendar year. Also, it allows you to focus purely on maximizing your savings for retirement.

Loans can be taken against your retirement plan!

Most people are eligible to take loans out of their 403(b) plans depending upon the provisions of their particular contract document of the employer. This tends to cater to the needs of the employee as unexpected expenses often arise throughout ones career.

However, necessary precautions must be taken when taking a loan from a retirement savings account as it may reduce the earnings you will need during retirement. Therefore, it’s advised that you consult a retirement advisor, accountant, account manager, or even an attorney to learn about the ramifications a loan can have on your account. With a few exceptions, loans taken from a 403(b) account must be repaid. Any unpaid loans may incur I.R.S. taxes and penalties.

Contribution Limits are much higher than IRAs!

In 2015, the I.R.S. allows contributions of up to $18,000 into a 403(b) account. Catch-up contribution limits are increased to $23,000! These annual limits enable an employee to amass a large account balance that can grow tax-deferred. The more money you save on tax-sheltered basis, the better prospects you’ll have after retirement!

However, no matter what retirement plan you choose, it’s always recommended that you become well educated about your options. It will not only allow you to maximize your earnings, but maximize your enjoyment during your retirement years as well!  To learn more about how a 403(b) may be right for you, contact our office to schedule a free consultation with one of our experienced Retirement Advisors.

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Fixed-Indexed Benefits

Category : Retirement

Why it is smart to use fixed-index financial products to guarantee an income in retirement?

When people settle on a decision to retire, it is not only a choice that affects them personally, but also a decision that influences the individuals nearest to them, particularly their grown-up kids. A standout amongst the greatest reasons of alarm for retirees and those getting ready for retirement is the prospect of outliving their savings and resources. Along with being a very common fear, this is a rational one. In fact, according to National Institute on Retirement Security, Americans are at least $6.8 trillion short of what they need to have saved for a comfortable retirement.

While this may sound overwhelming, it doesn’t have to be. For retirement, it’s vital to guarantee you have an ensured stream of salary that lasts your lifetime and will help you maintain the same quality of life. Fixed-index financial products offer that security in the form of fixed indexed annuities (FIAs).

Let’s take a look at a little background, a fixed index annuity is a contract between you and insurance companies that may help you reach your life-long financial objectives. In exchange for a premium payment, the insurance company provides you income, either starting immediately or at some time in the future.

Why is it recommended to include a fixed-index financial product scheme as a feature of your diversified income strategy? The answer is straightforward: Fixed annuities, alongside Social Security and/or pensions, ensure guaranteed payments to help meet necessary expenses. The insurance agency is obligated to make payments to you for a particular time span you select, or if you pick a lifetime choice, the installments will occur as long you or your spouse live.

A fixed index annuity offers a unique combination of benefits that can help you achieve your long term goals. With FIAs, your principal and bonus are never subject to market index risk. A downturn in market index(es) cannot reduce your contract values.

Whereas Fixed-index income offers very low risk, Withdrawals from an investment portfolio, a rival feature in the retirement income scheme, requires its clients to be able to live with market volatility. Although it does provide potential growth, Withdrawals does not always guarantee longevity and inflation protection. This is in contrast with Fixed-index annuity, which invariably ensures longevity protection and guarantees some inflation protection.

No other product offers the tax deferral, indexed interest potential an optional benefits to protect your retirement assets and income. Let’s take a closer look at the three key benefits fixed index annuities: tax deferral, indexed interest potential and protection.

Tax deferral

Under current federal income tax law, any interest you earned in your FIA contract is tax deferred. You don’t have to pay ordinary income tax on any taxable portion until you begin receiving money from your contract; Withdrawals are taxed as ordinary income.

Indexed interest potential

Fixed index annuities provide an opportunity for potential interest growth taking in account changes in one or more index. Due to this potential indexed interest, FIAs provide a unique opportunity for accumulation. And since the interest your contract earns is tax deferred, it may amass assets faster.


Fixed index annuities provide you a degree of security you may find reassuring. This protection can serve you in three different ways:

  • Your principal and credited interests are protected.
  • You can be protected from the possibility of outliving your assets
  • If you pass away before annuity payments begin, a FIA may help you provide for your loved ones.

Today’s fixed-index financial products are a wonderful way to balance out a retirement portfolio because they are a low-risk insurance product that increase with index growth and are protected from market volatility. They also offer a guaranteed, steady stream of income to last throughout your retirement and help you pass on a financial legacy to your loved ones.

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