Posts by pwsadmin

What Type of Life Insurance Do I Need?

A life insurance policy protects your loved ones against the loss of your income after your death, and helps to preserve their standard of living. You’ll name a beneficiary to receive the proceeds, and in exchange, you’ll pay premiums as outlined in the policy terms. Once you’ve determined how much you need, factoring in future…

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Do I Need Life Insurance, and if so, How Much?

  Most people start to think about life insurance after they’ve married and had children. That’s because the main goal of buying life insurance is usually to replace income if the buyer’s earning power is taken away by death. The industry standard on how much life insurance you need is five to ten times your…

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Should I Invest in an IRA or a 401(k)?

  Many people are unsure about the differences between a traditional IRA and a 401(k). Both have accounts that provide tax-deferred growth on the money in the account. Withdrawals from the accounts are taxed at ordinary income tax rates. But IRAs and 401(k)s differ in terms of eligibility, contribution limits and how you can access…

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5 Important Medicare Facts for Pre-Retirees

Most Americans who turn 65 are eligible for Medicare, a federal program that covers many health expenses for seniors. But the program is complicated. Here are 5 important facts you need to know: First – Medicare is not free. Of the 4 parts, Part A – Hospital Insurance – is the only one that normally…

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Which Retirement Plan Should I Choose?

Choosing a retirement plan is a great step toward financial security. There are several types available, but here are the most common: 401(k)s and 403(b)s are plans offered by employers. 401(k)s are offered by for-profit companies, and 403(b)s are offered by public schools and some non-profit organizations. Contributions are deducted from your paycheck, and are…

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What Can Indexed Annuities Do For You?

  A fixed index annuity is a contract between you and an insurance company that may help you reach your long-term financial goals. In exchange for your premium payment, the insurance company provides you with income, either starting immediately or at some time in the future. Most fixed index annuities have two phases. First, there’s…

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What’s the Difference Between a Will and a Living Trust?

  A “Living Trust” is a trust you created that is active while you are alive versus a Testamentary Trust which becomes active at your death. When you create a Living Trust, you ensure that your assets will be disbursed efficiently to the people you choose after your death. The big advantage to a Living…

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About Moti Gur

  Time is flying by so quickly. Are you taking advantage of all the options out there for investing, tax planning, and saving for retirement? Moti Gur has been providing financial and investments consulting to LAUSD employees, businesses, and people in the private sector for over 35 years. His services include investments, retirement planning, employee…

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What is an Annuity and How Does It Guarantee Income?

What are annuities and how do they work? Annuities are both a savings and an income investment that pays out over a period of time. It’s actually a steam of income you can’t outlive. An annuity is a flexible insurance contract that allows retirement savings to grow income tax deferred and then payout to you…

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What are Required Minimum Distributions and How Are They Determined?

  What are required minimum distributions and how are they determined? Beginning at age 70.5, you must begin to withdraw money from your retirement accounts every year. The amount is determined based on your life expectancy as contained in the IRS tables. Required minimum distributions are computed by dividing the account balance at year-end by…

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