When you work hard but are sacrificing the enjoyment of your earnings today to build an investment portfolio that will generate income tomorrow, enabling you to be financially free, you want to plan for that portfolio to generate as much income as possible with the least amount of risk. The last thing you want to …
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The Challenges of Planning for Long-Term Care As we age, we may find ourselves facing new challenges, such as declining health and the need for long-term care services. This can be a difficult and overwhelming time for individuals and their families, as the emotional and financial cost of long-term care can be incredibly high. Long-term …
https://youtu.be/JSaZtAjU4d8 Annuities are a popular yet controversial investment choice for anyone seeking income from their money. They are a contract between an annuity owner and an insurance company in which the owner pays a lump sum or a series of payments over time to the insurance company in exchange for guaranteed income payments in the …
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Cash-Flow is King https://youtu.be/33FAg8kGB8Y If you don’t have a plan to maintain Cash Flow at all times, you are leaving yourself open to a potential catastrophe. Cash creates flexibility and flexibility enables you to address unforeseen circumstances while also affording you the ability to take advantage of investment opportunities when they present themselves. Expecially those that …
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Licensed insurance agents, out to sell more life insurance, are promoting both the Bank on Yourself and Infinite Banking concepts to explain how people can bypass banks and become their own source of money by utilizing a traditional whole life policy structured properly. The idea behind Infinite Banking and the Bank on Yourself concept is …
The factors you should be looking at when considering how long it will take you to break-even when you wait to take Social Security retirement are more involved than you may think. First of all, the decision of whether or not to take social security benefits as early as possible, the month you turn 62, …
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What are the benefits of waiting past full retirement age to start taking Social Security retirement income? The year you were born determines when you are considered to reach full retirement age for Social Security purposes. At full retirement age you are eligible for 100% of your primary insurance benefit. A fully insured worker is …
How much Social Security retirement income will you lose if you take benefits early? The Social Security system is set up so that eligible workers and the beneficiaries of deceased eligible workers can start taking Social Security Benefits as early as age 62; age 60 for a spouse of a deceased worker. This can sound …
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