‘Fiscal Cliff’: Impact on Your Clients – Think Alternatives with Index Universal Life Insurance
September is Life Insurance Awareness Month: Buddy Valastro’s realLIFEstory
September is Life Insurance Awareness Month! Buddy Valastro, also known as “The Cake Boss”, understands the needs that life insurance fulfills first hand.
Read his story to learn why he has partnered with the Life and Health Insurance Foundation for Education (LIFE) to become the spokesperson for Life Insurance Awareness Month.
Life Insurance as a Asset Class
Planning for the 3.8% Surtax using Index Universal Life Insurance
Beginning in 2013, certain investment income will be subject to an additional 3.8% surtax, enacted as part of the Patient Protection and Affordable Care Act [P.L. 111-148], March 23, 2010, and the Health Care and Education Reconciliation Act of 2010 [P.L. 111-152].
Nearly Half of Pre-Retirees Underestimate Life Expectancy
A recent online article from Life Pro Health reports that nearly half of retirees and pre-retirees in the U.S underestimate their life expectancy.
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It is important for your clients to understand ways to prepare for their future, such as savings for retirement.
Problems that can occur with an Inherited [Beneficiary] IRA.
Inherited individual retirement accounts made news earlier this year when the Senate Finance Committee proposed to make heirs cash them out within five years of the benefactor's death.
Alternatives to the 401K
Many Americans rely on the 401K as a means, and often the only means, to save for retirement. While there are some advantages to the 401K, mainly the tax deferral aspect and the automatic nature of the deposits, there are many hidden issues. Many do not realize two important items: the fees on 401K plans and the alternative options.
US News and World Report published a very interesting article on the fees of 401K plans:
Tax Apocalypse in Retirement Accounts
A recent Fox Business online article talks about how having all of your funds in tax-deferred accounts can be very detrimental to retirement.
Wealth Stabilization Using Life Insurance
Wealth stabilization involves a combination of planning techniques, diversification strategies and life insurance to help reduce the impact and volatility a down market has on a couple’s wealth transfer plans.
Inflation & Additional Life Insurance
Life Insurance is a unique wealth creation and preservation tool that assures the accumulation of a desired amount of liquid capital at death. Depending on the plan of insurance, it may also create more or less capital for lifetime needs.