Winchester Financial

JC Penney is latest employer to transfer pension obligations ($2.8 billion) to an insurance company group annuity. No pension recipient whose pension is now provided by a group annuity has incurred any loss in their pension payment amount. Insurance companies understand risk and longevity.

Your future long term care needs can affect the working years of your children. Often it is the daughter or daughter-in-law who must shorten her working years (and years to fund her retirement) so that she can provide care for her parents or parents of her spouse. We encourage you to plan a funding strategy to minimize the costs and time that falls on her. Please let us be a resource to help you.

Want to understand when to claim your Social Security Benefit? Join us in this free education-only webinar this evening: "Understanding and Maximizing Social Security Benefits". Here’s what we will cover: Its possible to increase your lifetime benefits by over $125,000 and more with the right strategy. A great resource for anyone who plans to retire in the next 15 years. ... Topics include: How your benefits are calculated, spousal and ex-spousal benefits, survivor benefits, potential taxation of benefits, early and delayed claiming strategies. We will also discuss how a ROTH could be important in shielding part of your Social Security Benefits from taxation. Instructor: Robert Cox, RICP, CFF a retirement strategies specialist and certified financial fiduciary. To register for this webinar click on link: https://us02web.zoom.us//register/WN_C8EHM8G3RN6raRvZj4u4qw

Ladies, this is certainly worth 5 minutes to review. Many of our clients have echoed some of the same sentiments.