- Income TaxLife insurance can be complicated. There are several different types of life insurance, and finding the right type for your needs is important. Term life insurance, where coverage expires after a certain number of years, is one type, meanwhile, permanent insurance, like whole and universal life insurance policies, keep coverage in place no matter how long you live, and can even build cash value. We like insurance where the funds you’ve paid in can grow and you have the ability to pass that growth on to beneficiaries income-tax free. Call us, we can tell you more. We’re always here to help.
- Retirement PlanningAl takes pride in helping his clients have the “peace of mind” that comes from enjoying a secure and worry free retirement. He takes the company Motto, Your Retirement Savings Rescue Team, very seriously. He has found that most people spend more time planning their vacations than they do planning their retirement. He helps his clients structure retirement assets to protect against the number one fear of retirees today and that’s the fear of running out of money in retirement. There are many “mine fields” out there that are a threat to enjoying a secure and worry free retirement. Al helps his clients navigate through those “mine fields” without blowing anything up. In retirement planning knowledge is power.
- AnnuitiesFrom time to time it is a good idea to review the basics. This week’s article does just that. Take a look and see if you agree that it does a good job of discussing the many types of annuities, the nature of the underlying investment, the primary purpose of an annuity, the nature of the payout commitment, the tax status and the premium payment. Call us if you have any questions. We’re always here to help.