When it comes to estate planning, there is much confusion and uncertainty. This is mostly due to people not wanting to face their own mortality.
When it comes to taxes, everyone should pay their fair share, but where is the line drawn and who draws it? There are strategies that may reduce the tax bite each and every year.
Life insurance has often been referred to as a “necessary evil,” when, in fact, it is nothing more than a tool that can be used to add security to your financial arena. Have you heard these lines?
In today’s world of corporate mergers, downsizing and budget cutbacks, a large number of individuals find themselves facing questions and choices they thought were still years away. Even though for many retirement
Many people spend their entire working career talking about that wonderful day when they can lay up the tools of their trade, drop a big crayon on their boss’s desk, telling them to “color me gone,” and then ride off into the retirement sunset! If that sounds like you, let me encourage you to begin[…]
Many people retire and then think of the retirement phase of life as if though it were a “Ron-ko” product that they can just “set it and forget it.” Well, life’s just not that way. If you just “set it,” you’ll “regret it” and never “forget it.” As you enter retirement, you have a great[…]
You will be facing many choices and questions as you enter into this new phase of life. Such as: “Can I draw an income from my retirement funds even though I’m not yet 59½?” “Can I afford to retire at this time?” “Which retirement plan option is the right one for me?” As your Financial[…]
Many times, because of improper planning, the estate tax problem is only worsened by the purchase of life insurance. For example, an individual realizes that a $350,000 tax is to be levied against their estate at their death. With this information, they may purchase a $350,000 life insurance policy to cover this future expense. If[…]
When it comes to purchasing life insurance, there has been an age-old war that has raged for over a century. Should everyone buy term insurance or should everyone buy permanent coverage, like whole life or universal life coverage? The answer is a resounding… NEITHER! There is no one-size-fits-all approach when it comes to insurance or[…]
Because of the nasty connotations evoked upon this subject, there are presently three constants. Some people are over-insured, some are under-insured, and most commonly, they are paying too much for the coverage that they have. There is an exact process for determining what type, amount and price you should be paying. There are insurance strategies[…]
Often, when asked if they are currently saving for retirement, people will give answers with comments like, “I can’t afford to save for retirement right now,” or something equivalent. Actually, these days, you can’t afford to not take advantage of the many ways that you can save for retirement. If your employer is offering a[…]
Many people have the feeling of being robbed when it comes to paying taxes. There’s a tax for earning an income, and there’s one for making a gain. There’s a tax for buying, and there’s one for selling. It seems there’s a tax for living, and we know that there’s a tax for dying. It[…]
Generally, when it comes to investing, everyone only talks of the money that you are going to earn while never focusing on what should be a priority… Keeping It! I’m not talking about market fluctuations. I’m talking about taxes. Depending on each individual investor’s particular situation, careful consideration should be given to investing a portion[…]
One day someone asked me this thought-provoking question: “Can you tell me your grandfather’s first name? How about your great-grandfather or your great-great-grandfather?” When my answer was no, he told me this was due to the fact that many times we are so focused on making “ends meet” or maintaining what we have that we[…]