subject: Financial Planning Assistance! [print this page] Triumph Senior Solutions is a financial planning company that specializes in insurance, annuities, other investments, and senior retirement planning. The company is owned by Ben Bryson, and its located in Ephrata, Pennsylvania. Their goal is to love and serve the community through financial planning. They provide excellent service and consultation service to those seeking financial security. To give you an idea of the services they provide, I would like to open with what insurance actually is. Insurance works on a contractual basis, in which the policy owner pays a predetermined amount on a predetermined schedule, and insurance can do many different things. If you purchase life insurance, you get to pick a beneficiary so that in the event you would die, that beneficiary would receive a lump sum based on that specific insurance plan. If you purchase health insurance, your predetermined schedule of payments ensures that if you get hurt, the insurance company will cover all or most of the treatment you receive. You can also purchase disability insurance which would cover you in the event you would injure yourself to the point that you would have to quit your job, it covers paid sick leave, short and long term disability benefits. Triumph can also assist you in investments such as IRAs and annuities. An IRA can make you money and lower your tax liability, which is awesome for anybody. It allows for deductible contributions or up to $4,000 per year or more if your over the age of 50. There are rules concerning IRAs however, for example; once money in an IRA is withdrawn it is subject to standard income taxes and an additional 10% penalty if withdrawn before the age of 59 . You can get around this by investing in a Roth IRA which is not tax deductible, however it is definitely more flexible. Contributions can be withdrawn anytime without penalty or taxation, and after five years both contributions and earnings in the account can be withdrawn without penalty or tax. There are many options and routes you can take, and Triumph Senior Solutions is there to help you every step of the way!
by: Triumph01
welcome to Insurances.net (https://www.insurances.net)
