Author Archives: Steve

SK Financial Group is focused on providing high-quality service and customer satisfaction – we will do everything we can to exceed your expectations.

We work with financially strong companies that offer a wide-range of Life Insurance and Annuity products. While not every product will be right for you, there is sure to be a product that fits your unique situation so your future protection and income goals will be met.

With a variety of offerings to choose from, we are sure you will be happy working with us. Please take a look around our website and if you have any comments or questions, do not hesitate to contact us.

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Benefits for Annuity Owners

Sewickley & Pittsburgh AnnuitiesThere is no other investment vehicle that provides as many benefits in one wrapper as does the annuity, which is something that annuity owners must know and their critics don’t.



Tax Deferral

In one study done on annuity owners, it was found that 85% invest in annuities for their tax benefits.   Under the tax code, annuities are considered to be life insurance contracts and are afforded many of the same tax advantages.  Cash values are not currently taxed which allows accumulated earnings to grow faster.

Over a long period of time, this produces a significant advantage over taxable equivalents such as CDs.  For an individual who pays state and federal taxes at a combined rate of 50%, a CD would have to yield 6% in order to achieve the same after-tax return of an annuity that yields 3%.


Another primary reason annuities are purchased is the safety of principal the offer.  Annuities provide for a guarantee of principal that is backed by the annuity provider, which is a life insurance company.  […]

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Taking a Second Look at Life Insurance for Your Financial Portfolio

Sewickley & Pittsburgh Life Insurance AgentFor most of us, we leave managing the risk associated with our financial portfolio to a professional. You may be familiar with their suggestions to diversify by investing in mutual funds, bonds, and stocks, but did you know that life insurance is an important addition to your overall financial plan?


Permanent or Term Life Insurance? Or Something Else?

Often we think that there are only two choices when it comes to life insurance – term or permanent. Purchasing life insurance, however, should not be simplified to only two choices. You may be better off asking yourself a series of questions designed to help you find the right policy for your needs. […]

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Annuities Are Sleep Insurance

Annuity - Sewickley_PittsburghWhen you ask annuity owners why they purchased their annuity, the answer often involves one of the many benefits that they offer: Tax deferral, safety, access to funds, guaranteed principal, and lifetime income stream.  But if you then ask them what having those benefits really means to them, many of them will, after a deep pause, answer, “It allows me to sleep at night knowing that my money will be there when I need it the most.”  Annuities are different things to different people, but for most annuity owner’s annuities are sleep insurance.


Why an Annuity

If you ask most people today what keeps them awake at night, among the answers you are likely to get is some variation of “having enough money to retire on”.  The baby boomers, especially, are facing a serious predicament as […]

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Traditional vs Roth IRA

Pittsburgh_Life_Insurance_Agent | IRA

Traditional IRA or Roth IRA?  IRA’s have a place in your portfolio, but which one is the right one for you.  Let’s take a look at how they compare and see if one emerges as better for your situation.



Highlights of a Traditional IRA


• Tax deferred until you withdraw the funds.

• Accessible without penalty after 59-1/2.

• Monies withdrawn before 59-1/2 are subject to a 10% IRS penalty. […]

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Pre-Retirement Fixed Annuities

Annuity_Agent_Pittsburgh | Fixed AnnuitiesFixed annuities are a cornerstone of retirement plans for millions of pre-retirees, and, as people climb out from underneath the rubble of their decimated 401(k) plans, they are being considered by millions more as way to lock in some stability during turbulent times. Even as fixed annuities rates fall, investors are looking to them to provide a safety offset to the riskier parts of their portfolios.

In the face of volatile markets and an uncertain economic future, investors are increasingly looking for more stability and predictability in their pre-retirement planning. Sound pre-retirement planning requires a careful consideration of all possible contingencies, and because it impossible to predict the future, there needs to be a safe and solid foundation that acts as a safety net if any of the other pieces of the plan begin to crumble.


The Appeal of Fixed Annuities


Why Fixed Annuities

Fixed annuities are purchased primarily for their safety of principal and guarantees. Offered and backed by life insurance companies, fixed annuities have, […]

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Are Annuities Safe?

Annuities Agent Pittsburgh SewickleyAnnuities have long been considered the safe investment alternative especially for people who are most concerned about securing their retirement income.  Life insurance companies have been issuing annuities since the 19th century. Since then, even during times of the most difficult economic conditions such as the Great Depression, no annuity owner or beneficiary has ever lost a cent of their investment.

Life insurance companies have always been considered to be the most rock solid of all our financial institutions, and, while there have been a few instances of insurers wavering on insolvency, the life insurance industry has always taken care of its own by propping up or buying up troubled companies.

But “times are different” you might say. After all, it took the federal government to bail out one of the largest insurers in the world (AIG), which has billions of annuity deposits. […]

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How Much Life Insurance Do I Need?

Life Insurance Agent Pittsburgh PAHow much life insurance you need depends on what you need the insurance to do. As a general rule, the more dependents you have and the longer their dependency is expected to last, the more insurance you need. But even people with no dependents need some life insurance.


Typical Life Insurance Situations


People with minor children

The younger your children are, the longer they will depend on your income. Therefore, more insurance will be needed to replace the income you would have provided, should you die while they are still young. If both parents earn income, then both should have […]

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