The DBk Plan by Pete Mitchell

What is a DB(k)? Basically, a DB(k) combines a pension plan with a matching 401(k) plan. As the name implies, it is a defined benefit retirement plan with some of the features of a 401(k).

Pete Mitchell’s- What To Do If You’re Laid Off

If you’re laid off, what happens to your retirement money? Well, you have three basic choices with your 401(k). One gives you more freedom and control than the other two.

Pete Mitchell’s Immediate Annuties

Nobody wants to outlive their money. In fact, somebody recently asked me, “How do I organize my money so that I spend my last dollar on my last day of life?”

Rule Changes For In-Service 401(k) Rollovers

RULES CHANGES FOR IN-SERVICE 401(k) ROLLOVERS 401(k)-to-Roth rollovers are now possible before age 59½.   There is a  new possibility in the world of the 401k. Sometimes employees want to pull money out of a 401(k) before they retire. It isn’t always because of an emergency. Some workers want to make an in-service non-hardship withdrawal just to [...]

How To Know If An Indexed Annuity is Good For You by Pete Mitchell

Fixed indexed annuities can be very useful investments. As the name implies, FIAs are fixed annuities linked to the performance of a stock market index (often the S&P 500). Because of this stock market exposure, they can sometimes bring conservative investors very nice returns – often, considerably better returns than CDs, bonds, or money market accounts. They really aren’t designed to outperform the stock markets; they are designed to outperform the fixed markets.