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Phone: (713) 681-2500

Fax: (713) 684-1600

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STORM SEASON
Important Note:

June through November our agency may become prohibited from binding coverage should a “Tropical Disturbance” enter the Gulf of Mexico or Caribbean Sea.

In these cases we may be unable to bind new coverage quoted in open proposals until the storm leaves our area and our binding authority has been restored.

Please arrange your coverage protection early to avoid this type of delay. While we regret any inconvenience, the carriers impose these restrictions on all agencies.

Essential Benefits for a Comfortable Retirement

When most people start planning for retirement, they spend a lot of their time trying to calculate how long they’re likely to live, how much money they’ll need to save to support themselves between their final paycheck and their final breath, and what that translates into as far as monthly savings needs. They spend far less time thinking about the various benefits they can use to generate that income—including the following:

  • Social Security is the foundation of many retirees’ income during their golden years. In order to maximize your Social Security benefit, you’ll need to work for at least 35 years, wait until full retirement age to quit working, and talk to a financial planner about further delaying your benefit claim.
  • Medicare will help you keep healthcare expenses from eating away at your post-retirement budget. You can sign up for Medicare three months before you turn 65. If you wait until later, you may find yourself paying higher premiums, so it’s a good idea to secure this benefit as soon as you are eligible.
  • 401(k) plans are sponsored by employers. If you have access to one, the company you work for may match the contributions you make each year. You won’t pay taxes on your savings until you withdraw them, which can lower your current tax burden. Should you eventually change jobs, you can move your savings into your new employer’s 401(k), maintain your old 401(k) or roll it over into an IRA—all without paying income tax or early withdrawal penalties.
  • IRAs—or individual retirement accounts—are similar to 401(k) plans but are not sponsored by employers. They are funded with pre-tax dollars and are a great way to save additional funds towards retirement once you’ve worked up to maxing out your 401(k) contributions each year.
  • Roth IRAs are funded with post-tax dollars. However, future withdrawals are tax free. You’ll want to talk to your financial advisor about whether a traditional IRA or Roth IRA is the right choice for you. If you’re currently in a lower tax bracket and expect to be in a higher one after retirement, a Roth could very well be your best option.
  • Cash savings accounts are also vital sources of money in retirement. If you need to deal with an emergency expense, you can make a withdrawal from a savings account without incurring the taxes and penalties you might have to pay if you access your retirement account too early.
  • Part-time employment is a viable way for many retirees to supplement their income. However, before you take on any paid job, it’s a good idea to talk to your financial planner about how your earnings may impact your other benefits such as Social Security.