Reenu Cherian - Financial Consultant

When it comes to retirement planning, it can be tempting to take on more risk in the hopes of achieving higher returns. However, it's important to consider the potential downsides of this strategy. Learn more. Text me if you are looking for a retirement strategy.

Here's to all the amazing women around the world, may your voices be heard, your rights respected, and your dreams realized. Happy International Women's Day!

Top 5 Retirement concerns—and how to handle them.

1. Retirement may feel like a long way off, but it's never too early to start saving. Figure out how much you'll need to comfortably cover your costs and start setting money aside now.

2. Another top concern is healthcare costs. Medicare doesn't cover everything, so you'll need to factor in things like insurance premiums, deductibles, and co-pays. Long-term care insurance is also something to consider if you want peace of mind down the road.

3. One of the biggest issues retirees faces is boredom. With all that free time on your hands, it's important to have a plan for how you'll stay active and engaged. Consider joining a club or taking up a new hobby to keep your mind sharp.

4. Approximately 100 million Americans are saddled with healthcare debt. A quarter of those owes more than $5K. Almost one in five aren't expecting to ever pay it off (https://lnkd.in/guxeSJ5m). If you feel overwhelmed by debt, consider credit counseling. There are many ways to tackle it and lots of strategies for paying it off.

5. A Bankrate survey in January shows only 44% of U.S. adults had saved up enough money to cover a $1,000 unplanned expense (https://lnkd.in/gK_apXF4). As you plan your retirement income, keep in mind that even working for just a few more years may enable you to suspend taking Social Security and savings while taking advantage of available pensions and benefits.

Consult your Tax-Free Retirement Specialist, Reenu Cherian today!

After-tax money can be used to start a tax-free retirement account, which will allow your money to grow tax-free and allow you to withdraw it also tax-free when you need it. So, the question to you is – Does it make sense to pay taxes NOW?

There are a few things to consider when trying to answer this question. What is your tax bracket now and what do you anticipate it will be in retirement? How much money do you need to save now to maintain your current lifestyle when you are retired? Is there a possibility that your tax bracket could go down in retirement? These are some important factors to consider when you are planning for retirement.

To help you make the right decision, please consult with your Tax-Free Retirement Specialist, Reenu Cherian today!

Do you want to retire early and enjoy your golden years without worrying about money?

If so, then you should consider using a tax-free retirement vehicle. With this type of account, you can withdraw money tax-free after age 59 1/2 and use it for any purpose, including travel, buying a new home, or starting a business. Plus, there are no contribution limits, so you can save as much as you want. So, if you're looking for a way to retire early and enjoy a worry-free retirement, then a tax-free account may be right for you.

Consult your Tax-Free Retirement Specialist, Reenu Cherian today!

Below are the top five key factors of taxes in retirement. When you retire, your income may change and that may affect the amount of taxes you pay. Here are five key factors to consider when it comes to taxes in retirement:

1. How much money will you have coming in? This includes things like pensions, Social Security, and investment income.
2. What kind of taxes will you owe on this income? For example, federal, state, and local taxes.
3. What deductions and credits will you be eligible for? This can lower your tax bill.
4. What tax bracket will you be in? This determines the rate at which your income is taxed.
5. How can you minimize your taxes?

Consult your Tax-Free Retirement Specialist, Reenu Cherian today!

Does a Tax-Free Retirement Account support my family?

Yes, it is an excellent way to support your family. It allows you to save money for retirement without having to pay taxes on the money you withdraw. This can be a great way to keep more of your hard-earned money in your pocket. There are many different types of tax-free retirement accounts, so be sure to research the best option for you and your family. A tax-free retirement account can be a great way to ensure that you have enough money for your retirement.

Consult your Tax-Free Retirement Specialist, Reenu Cherian today!

Are you worried about how much money you need to retire?

No matter how much money you have saved up, it's never too early to start thinking about retirement. The sooner you begin planning, the way better off you will be. These are the top five questions to ask yourself when considering your retirement needs:

1. How long do I want my nest egg to last?
2. What will my monthly expenses be?
3. Will I need a pension supplement?
4. Do I want to work part-time or full-time during my golden years?
5. Do I have a goal for travel and leisure during retirement?

Consult your Tax-Free Retirement Specialist, Reenu Cherian today!

For high-income earners, the problem is not making enough money. The problem is finding ways to make their money work for them so they can live the life they want to live. There are a lot of options out there, but it can be overwhelming to figure out what is the best way to invest their money. A financial advisor can help sort through the options and create a plan that will work best for the individual.

Consult your Tax-Free Retirement Specialist, Reenu Cherian today!

Here are the top five reasons Why Financial Literacy Is Important Today?

1. Understanding financial literacy can help individuals make sound decisions about personal finances, investments, and other money-related matters.
2. Financial literacy can empower individuals to take control of their financial future and avoid costly mistakes.
3. A lack of financial literacy can lead to a cycle of debt and poverty that is difficult to break out of.
4. Financial literacy can help people save for retirement, plan for unexpected expenses, and make other sound long-term financial decisions.
5. Financial literacy is especially important in today’s economy, where job security is often uncertain and the cost of living is increasing.

For more information on how you can achieve financial independence? Consult your Tax-Free Retirement Specialist, Reenu Cherian today!

Thinking of building a Tax-free Pension Income for Retirement? There are many ways to build one. One way is to use an annuity. An annuity is a self-created pension plan that can provide you with a guaranteed stream of income during your retirement. Another way to build a tax-free pension income is to use a Roth IRA. A Roth IRA is an individual retirement account that allows you to make contributions with after-tax dollars and withdrawals from a Roth IRA are tax-free in retirement.

Consult your Tax-Free Retirement Specialist, Reenu Cherian today!

Top 5 Questions to Ask Before Buying a Retirement Plan.

1. How much does the retirement plan cost?
2. What are the fees associated with the retirement plan?
3. How much money do I need to contribute to the retirement plan to get the full benefits?
4. What is the vesting schedule for the retirement plan?
5. When can I start withdrawing money from the retirement plan?

To get a personalized free consultation. Consult your Tax-Free Retirement Specialist, Reenu Cherian today!

A tax-free retirement account is an account where you can save money for retirement without having to pay taxes on the money that you make in the account. This can be a great way to save money for retirement, especially if you are in a high tax bracket. There are a few different types of tax-free retirement accounts, and the best one for you will depend on your circumstances.

If you are a software engineer, there are a few things that you should keep in mind when choosing a tax-free retirement account. First, find out what type of income tax bracket you are in now so that you know what kind of account will work best for you. Second, remember that it may not always make sense to convert all your retirement savings into a tax-free account because it might lower the amount of your Social Security benefits or certain other types of pensions or disability payments.

Consult your Tax-Free Retirement Specialist, Reenu Cherian today.

Can financial independence be achieved with a tax-free retirement account?

A tax-free retirement account is one way to achieve financial independence. With this type of account, you can save money without having to pay taxes on the money you make in that account. This can help you to build up a nest egg more quickly. There are a few different types of tax-free retirement accounts, so be sure to research which one would be best for you.
Want to achieve financial independence?

Consult your Tax-Free Retirement Specialist, Reenu Cherian today!

Here are the Top 5 reasons why you should plan for a Tax-Free Retirement Account

1. A Tax-free retirement account is a great way to save money for retirement.
2. With a Tax-free retirement account, you can contribute up to $18,000 per year (or $24,000 if you're 50 or older).
3. The money in a Tax-free retirement account grows tax-free, and you can withdraw it tax-free in retirement.
4. A Tax-free retirement account is easy to set up and manage, and there are no fees or penalties for early withdrawal.
5. A Tax-free retirement account is the best way to save for retirement if you want to keep your taxes low in retirement.

It's time that you discover what the right financial strategy can do for you in retirement. Consult your Tax-Free Retirement Specialist, Reenu Cherian today!

Financial advisors have traditionally recommended retirement savings options such as Roth IRAs and 401(k)s, both of which place restrictions on withdrawals. However, a TFRA does not require that you take minimum distributions when you reach age 70 1⁄2 like these other two options do. That means your money can grow tax-free for an indefinite period. But if you decide to access your funds before age 591⁄2, there are no penalties because it is not subject to IRS regulations.

Before rolling over retirement savings into a TFRA or investing in one direction, be sure to talk with your financial advisor about whether it’s right for you?

Consult your Tax-Free Retirement Specialist, Reenu Cherian today!

How should you make your retirement tax-free?

With an index universal life insurance policy, you can make your retirement tax-free. It not only allows you to enjoy tax-free growth on your investments, but it also provides you with flexible investment options, depending on your current and future financial goals. And if that’s not enough to convince you of its benefits, the death benefit in an index universal life insurance policy could help provide financial support for your loved ones if the unexpected happens and that payout is absolutely tax-free to them

To know, how to index universal life insurance works! Consult your Tax-Free Retirement Specialist, Reenu Cherian today!

How would you like to retire by paying minimal taxes?

Well, there’s good news and bad news here. The good news is that there are tax-free retirement accounts that allow you to grow your money tax-free. The bad news? You must contribute pre-tax dollars and make sure the account has what’s called substantially equal periodic payments (SEPPs). Sounds like a lot of work? It isn’t! And once you know how it works, you can save thousands in taxes!

Consult your Tax-Free Retirement Specialist. Reenu Cherian today!

Here’s how tax-free retirement accounts work and why you should consider setting one up as soon as possible?

Tax-free retirement accounts are not as common and well-known as taxable retirement accounts, but they are legal, safe, and one of the best ways to protect your money from going negative and have all the tax benefits of retirement planning.

If you would like to understand more about how to open up one of these tax-free accounts, then consult your Tax-Free Retirement Specialist, Reenu Cherian today!

Tax-free does not mean that you can get away without paying taxes on your money, instead, it allows you to eliminate the additional taxes that you would normally have to pay if your investments were held in a tax-deferred account.

Consult your Tax-Free Retirement Specialist, Reenu Cherian today!

IUL offers major tax advantages for small business owners and high-net-worth entrepreneurs.
Please consult a financial consultant before purchasing a policy so that you can get the most from your policy.

Dm me if you would like to schedule a consultation.