Long-term care insurance policy may help protect your savings from
being depleted by potential home health care costs.
Life Coverage
If you're like most people, the amount of insurance protection you need is a big question. The answer depends on your unique needs.
Annuities
Millions of Americans have chosen annuities to help them chart a course toward their long-term financial goals.
Annuities can provide:
Tax-deferred accumulation
Lifetime income options
Death benefits
Will you enjoy a worry-free retirement?
Everyone wants to be financially secure in retirement.
Of course, to accomplish this goal requires making good decisions about how to
invest and use the assets you have set aside for retirement.
I can work with you to analyze youir situation in the following areas:
Transfer retirement assets from a company plan to an IRA without taxes and penalties.
Select suitable investments for your financial situation in retirement.
Explore options for drawing income or setting up income payments you can't outlive.
Leave a legacy to your heirs using your retirement plan assets.
Key Employee Life Insurance
Key employee life insurance is designed to indemnify your business for the death of an employee who is vital to your continued business success.
How it Works:
The business pays premiums on a life insurance policy insuring your business� key employee The business is the owner and beneficiary of the policy
Upon the death of the key employee, the business receives the life insurance death benefit income tax free*
*under current federal income tax law
Executive Bonus Life Insurance
A bonus to a key employee is an efficient method of paying fremiums for needed life insurance. The bonus is taxable compensation to the employee and is a normal deductible business expense under Section 162 of the Intternal Revenue Code. Since it is treated as compensation, the life insurance premiums become tax deductible bye the business. The arrangement also enables you to recognize valuable employees. A bonus in the form of premiums for life insurance protection shows that you really care for the welfare of your employees and their families
How it Works:
The business pays life insurance premiums directly to the life insurance company.
The premiums are treated as taxable compensation (bonus) to the employee.
The employee pays income tax on the bonus (premiums).
The employee retains full rights to the policy, including accessing the policy�s cash values, pledging the policy as collateral for a loan and naming a beneficiary.
The death benefits are income tax free* when paid to a named beneficiary.
*Under current federal income tax law
Increase your Profits
Interested in a way to make your business more profitable? If so, I�d like to talk with you about Premium Only Plans (POP) � one of the best tax savings plans the IRS allows small business owners. A POP helps reduce your payroll taxes, while allowing employees to increase their take home pay. Insurance premiums are deducted from participating employees� paychecks on a pre-tax basis, reducing both their taxable income and the amount of income tax they pay. None of this effects their benefits or premium payments. And when you combine lower turnover with increased employee loyalty and morale, it helps you increase your profits.
A small change in your payroll process and appropriate forms and filings are all it takes to implement a Premium Only Plan
Is It Time For a Change
As the old saying goes, the only thing that is certain is change.
Sometimes circumstances beyond our control, such as sickness or the
unexpected death of a loved one, force us to make critical choices
that can change the course of our life � and the lives of those we
hold dear. Although change is sometimes out of our control, I can
help you plan for the unexpected. And that planning begins with a
financial strategy. Think of a financial strategy as a roadmap for your future. The
strategy sets a course for your future with �rest stops� or unexpected
challenges built into the plan. In addition to preparing for life's
challenges, thoughtful planning also helps you plan for exciting life
events � such as college funding and retirement planning. I can work with you to develop a comprehensive strategy that takes into consideration your current standing, and your individual financial temperament. Your attitude about money, and your special concerns, needs, and desires are all factored in.
With insurance and financial products and services customized for your
needs, I can point you in the direct direction. After completing the
financial strategy, you can begin to improve your financial outlook �
and your future. All you need to do is reply to this message. Your future is in your hands.
Call me today.