People today are living longer, 80 is the new 70. Therefore, new thoughts and strategies must be given to the subject of how people can make certain that their retirement income distributions are protected against a loss of assets. This loss would result in a reduced flow of income that will adversely affect their lifestyle during retirement
If it seems like all the attention has previously been placed on accumulating assets, you’re right! Emphasis by brokers as well as investors has always been on tax deferred growth, highest returns and lowest expenses, with hardly any attention paid to better managing risks or distribution planning
Whether Youre A Corporate Executive, Business Owner Or A Professional, The Chances Of You Or Your Key men Or Partners Suffering A Significant Loss Of Income Due To A Disability Are Staggeringly High.
The time has come for a new addition to the traditional estate planning process, I’ll call it “The Family Meeting.” Since talking about the things we don’t want to talk about can be extremely difficult, it unfortunately most times just doesn’t get done. However, this “Family Meeting” can become one of the most important and pivotal things we can do for and with our children and grandchildren.
Whether you’re an individual or a company saving premium dollars is always a good idea only sometimes we don’t look as closely or care as much when times are financially less troubling than they are today. Ive been in the Insurance business for 32 years and it goes without saying that when the price of our homes and investments are increasing in value people are less inclined to go out of their ways to look for ways to save money on their Insurance expenditures. However as soon as we hit an
What exactly cause the bubble to burst on Wall Street is still unclear but, we will certainly overcome it. Watch this excellent synopsis from CBS news to give you a clear and concise insight into our current financial crisis both pre and post election.
While some would say its inflation, others would say its a recession, and others still, might think its a stock market crash that is the biggest threat to their retirement. The truth is that its neither taxes, interest rates nor volatility spikes. It’s instead living a good long life and then incurring unexpected un-reimbursed health care costs amounting to hundreds of thousands of dollars. This situation could by far be a much bigger threat to your own retirement that you could have ever imagined.
Many people are of the wrong impression that there must be some governmental program out there that will pay for some or a big part of these unreimbursed healthcare costs. The fact of the matter is that there are no governmental programs available to pay for these costs other than Medicaid. But to qualify one must be destitute and have virtually no assets in their name. It used to be much easier to qualify for Medicaid but several years ago they changed the eligibility requirements and made it more difficult for a person to qualify for benefits if he/she is only artificially impoverishing themselves.
A fixed annuity is an accumulation planning vehicle that allows an individual to accumulate money they’re not going to need for at least 5-7 years. One of the benefits of this type of vehicle is that it offers a return significantly larger than usually offered in a bank CD or money market fund. In addition it allows the money to accumulate on a tax deferred basis. In addition It is GUARANTEED by the Life Insurance company that issues the contract. Even in this day and age of Bailouts and failed financial institutions that GUARANTEE is extremely meaningful as not one investor has ever lost a nickel in a failed Life Insurance contract.
Not only is it possible to retire in a Bear Market but its possible to guarantee that your investment will NOT lose value despite what may or may not occur in the stock market the credit market regardless of Inflation or which way interest rates go.
In addition one has the opportunity to participate in the growth of say the S&P or another similar index.
Henry Montag, is an Independent Certified Financial Planner as well as a CLTC. He’s been in practice since 1976 with offices on Long Island, New York. He is a contributing writer for The Moneypaper, a national financial publication and has held insurance and securities licenses for over thirty years.
He has lectured extensively on the subject of the proper utilization of Insurance and Investment products
used to protect and preserve assets, to organizations such as the New York State Bar Association, the New York State Society of CPA’s, and various regional and local banks. In addition he has spoken to National
Organizations such as the American Association of Individual Investors, the Whitehouse Conference on Aging and the American Society on Aging.
Over the years he has developed an expertise in the overall coordination of a client’s assets, their goals as well as the features and benefits currently available in the various financial products in the marketplace today.
In addition, Henry Montag has spoken before numerous community and civic organizations and acts as resource for various publications, radio and cable television programs. He is a contributing writer for The Moneypaper, a national financial publication, been my sourced by Investors business Daily, Long Island Business News, Newsday, Wall St Journal, The Moneypaper,Investment News, and Senior Lifestyles.
In today’s volatile investment climate, which you may have noticed, an Immediate annuity may be an excellent investment vehicle for the individual who wants to assume absolutely no market risk yet be provided with a guaranteed income for the rest of their lives. With the assurance that it will be significantly higher than what could be earned in a CD. I suppose a favorable tax treatment wouldn’t hurt either right?
