Approximately one in six Americans are now 65 or older, a percentage that is only going to increase in the coming years. This demographic shift has resulted in many challenges, particularly when it comes to financial issues. Financial exploitation of older adults, many of whom hold significant assets and economic decision-making power, is [...]
by Jerry Yu Financial services marketing can be seductive and somewhat deceiving. In brochures and on websites, you often see a happy couple lounging on a calm white beach. They're holding hands like love-struck teens and sipping icy cocktails without a care in the world. If you believe the marketing hype, once you've retired, the [...]
By Jerry Yu When you contribute to qualified tax-deferred retirement accounts such as traditional 401(k), thrift savings plans (TSP), or IRAs during your working years, you'll have some significant benefits. For one thing, you contribute to these using pre-tax dollars. These contributions reduce the current year's tax liability. Over time, these retirement accounts [...]
by Jerry Yu The Family Money Doctor A 1031 exchange, as described in section 1031 of the IRS Code, is an effective way for a real estate investor to defer capital gains taxes when they sell an investment property. By using a 1031 exchange, you will pay zero taxes on an investment you sell as long as you [...]
by Jerry Yu The Family Money Doctor Reign Financial Services Indexed Universal Life (IUL) insurance has gotten more popular in recent years due to its flexibility, tax advantages, and other potential benefits. However, like any financial product, IUL also has some possible drawbacks to consider. If you’re considering purchasing an indexed universal life insurance policy [...]
One of California's most respected financial educators, Jerry Yu, explains how wealthy Americans are busting some of the most common annuity myths. https://www.youtube.com/watch?v=027I9EegSoo Jerry Yu Senior Vice President Reign Financial Services (626) 890-0090 jerry.yu@reignfinancialservices.us
In this short video, the "Family Money Doctor," Jerry Yu uses math to explain why chasing after the average rate of return might not benefit most people as much as they think. If you have questions after watching this presentation, contact Jerry here: https://www.reignfinancialservices.us/contact https://www.youtube.com/watch?v=YKELmHn9wqE&t=75s
by Jerry Yu Reign Financial What is the velocity of money? Many years ago, philosopher David Hume and other thinkers developed what's known as the "classical theory" of inflation. This theory introduced the idea that increases in the money supply were the leading cause of inflation. However, as I will point out in this article, [...]
By Jerry Yu "The Family Money Doctor" Working people in the United States face a significant and growing retirement savings gap. By some estimates, over 57 million US-based workers cannot access an employer-based retirement plan. Several states have implemented what are known as Automatic Individual Retirement Account (AUTO-IRA) programs to resolve this issue. The goal [...]
USA residents: For a limited time only, get a no-cost hard copy of Jerry's bestselling book, "Fortify Your Financial Kingdom." Go to the link below to find out more: https://jerryyu.retirevo.com/content/... Episode 4 of the Fortify Your Financial Kingdom podcast. In this 9 minute episode, Jerry Yu, "The Family Money Doctor©️" takes a look [...]
https://www.youtube.com/watch?v=dO1JuzQfaS0 No views Aug 29, 2023 There are several ways parents can help their children pay for college tuition, but which one is best? In episode 7 of "Fortify Your Financial Kingdom" podcast, Jerry Yu offers advice on how parents can help their kids with soaring college costs without spoiling them. A question often in [...]
"What should I do with my 401k when I retire?" Many people about to retire ask that question. In episode 6 of the "Fortify Your Financial Kingdom" podcast, America's "Family Money Doctor, Jerry Yu, provides some possible answers to the dilemma of what to do with your 401k when you leave your job. https://www.youtube.com/watch?v=q0YPPTzukVY&t=5s [...]
