Providence Association – Life Insurance & Retirement Savings

Retirement: How Much Is Enough?

Couple not thinking about Retirement

Retirement Dreams How much is Enough? How much is enough to live the life you want during retirement?  A good question to ask yourself at any age, but difficult to know early in life.  If you have spent the last ten, twenty or thirty years working full time, you may think that your retirement savings are well […]

Retirement Planning: Avoid Superannuation By Investing In an Annuity

Many of our seniors dread ‘superannuation’:  They fear that they might outlive their retirement savings. What will they do if their savings get used up? What will they then do to supplement their limited social security and pension benefits?  What will be left for a spouse or the children and grandchildren? The inability to properly […]

Providence Association Maintains a Good Annuity IRA and Roth IRA Rate – 3.25%

Providence Association Maintains a Good Annuity IRA and Roth IRA Rate - 3%

An annuity is an investment account that consists of two phases: an accumulation phase and an ‘annuitization’ (pay out) phase. It is fully guaranteed by the issuing fraternal benefit society’s or insurance company’s general account assets. Monies are accumulated at a favorable interest rate and, at a time or times specified by the investor, are […]