Financial Services

Recent economic challenges have left many of us with less money in our wallets and more concern about our financial security. Still, one of the best things we can do now is make a plan to save. Even a modest nest egg can make a difference. Here are some low-risk options to consider:


Whether you’re in or near retirement, an annuity can be set up to provide a guaranteed income for the rest of your life. Fixed annuities, in particular, are a great way to securely grow your savings. Annuities can also be used to supplement other income during retirement, such as Social Security, and can help make sure your income keeps up with inflation. They also offer tax-deferred growth, until the annuity starts paying.

An annuity is a contract between an investor and a life insurance company that allows the investor to save money for retirement. Annuities can provide a lump sum payment or periodic payments at specified intervals, usually after retirement.

Annuities may be issued in connection with qualified retirement plans or arrangements (qualified annuities) or issued as a non-qualified annuity. All annuities receive tax deferral on the earnings. Qualified annuities receive additional tax advantages as a result of the qualified plan or arrangement for which they are purchased. Purchasing an annuity as an investment vehicle for a qualified retirement plan or arrangement does not provide any additional tax advantage beyond that already available through the qualified plan or arrangement.

Financial items on a desk


Traditional IRA

Account (IRA) IRAs offer tax advantages while helping you save for retirement. There are different types of IRAs; the most popular are Traditional and Roth.

Your retirement needs will vary based on your stage of life and financial goals. I would love to earn the job of being your financial advisor. If you have questions or want to learn about your savings options give me a call.

Roth IRA

A Roth individual retirement arrangement (Roth IRA) is a type of IRA where earnings are tax-deferred and contributions are not tax-deductible. In addition, if certain conditions are met, the earnings will be tax-free. To establish a Roth IRA, eligibility requirements must be met based on income.

Roth IRAs have annual contribution limits that are the same as traditional IRAs and can be further limited if contributions are also made to a traditional IRA.


These are tax-deferred compensation plans from employers to help employees save for retirement. However, many people don’t take advantage of them. Consider enrolling in one or increasing your contribution.

403(b) Roth

Made with after-tax contributions. If certain conditions are met the earnings can be tax free. With a 403(b) contribution requirements are also larger than a Roth IRA. 403(b) Roth’s are usually investment vehicles for school employees

457 Plan

A 457(b) is a program set up by your employer and allows you to set aside money for retirement on a pre-tax basis through salary reduction. Your contributions and any earnings grow tax-deferred until you make a withdrawal, presumably at retirement. If you already contribute to a 403(b) annuity and have contributed the maximum amount, you may be able to use a 457(b) to increase the amount you are putting aside for retirement.