Many of us in the sandwich generation toss and turn at night wondering if we'll manage to stay in control of our financial kingdoms." Jerry Yu By Jerry Yu If you' re like me, you may fall into a category known as the "sandwich; generation." It's a term that describes people who still have children [...]
By Jerry Yu Several years ago, a successful career woman named Julia purchased a million-dollar life insurance policy from me. Many of Julia's family and friends questioned her decision. After all, they pointed out, she was only forty-six years old, in excellent health, and had very little debt. She and her husband earned a good [...]
While annuities can be daunting financial products, they can also help retirees and pre-retirees build a more solid, predictable income stream to supplement Social Security, pensions, and other accounts. Semi-retired CPA and accounting technology expert Bob Beardsley of Florida talks about the process of finding and purchasing an annuity, doing the right research and due [...]
"Recessions are not an ideal time for exposing your wealth to risk or taking on more debt." By Andrew Winnett According to a definition from the National Bureau of Economic Research, or NBER, a recession is a significant decline in economic activity that impacts broad sectors of the economy and lasts longer than a few [...]
" 2020-2022 has been a trying period of supply chain issues, labor shortages, and lockdowns that may cause you to think about selling your business." By Sean Sparkman The fallout from the pandemic has pushed a growing number of business owners into thinking about selling their companies. Supply chain issues, labor shortages, and now, [...]
"Getting down off the mountain can be as treacherous as the ascent, especially if you grow complacent." Lawrence Castillo By Lawrence Castillo Multiple surveys indicate that most Americans are concerned about outliving their money once they stop working. This fear is understandable, even justified, given our current high inflation and precarious economic situation. Beginning in [...]
Before choosing to include an annuity in your employer-sponsored plan, what are some things you should consider? By Sean Sparkman You may be aware that on January 1, 2020, Congress enacted a significant and far-reaching piece of retirement legislation. The Setting Every Community Up for Retirement Enhancement Act, known commonly as the SECURE Act, is one of [...]
re: INCOME is the thing... Many planners are so focused on helping you accumulate lots of money and invest it, that they forget the hands-down, most critical element in retirement. It's INCOME. Where will your money come from when you no longer get a paycheck? Thinking Social Security will see you through until you're cold [...]
"You may be one of the many people over 65 who are making Health Savings Account (HSA) contributions. Be sure you are following the rules to the letter." Donna McElroy. By Donna McElroy Most clients know I am a big fan of Health Savings Accounts (HSAs). HSAs can potentially save people THOUSANDS of dollars [...]
In this short, info-packed video, Nashville-area financial educator and planner Andrew Winnett unpacks the hot topic of #INFLATION, what it is , how it affects you and your retirement planning, and what steps you can take to buffer against it. Women especially are vulnerable to the ravages of the inflation beast due to the fact [...]
re: What's the difference between qualified and non-qualified plans? By Sean Sparkman Like it or not, the IRS is most definitely a stakeholder in your retirement planning. That's because many of your accounts come with highly-attractive tax benefits. As you probably already know, the government never gives anyone anything that doesn't have a long [...]
re: Latest podcast with Austin-based trusts, tax, and estate planning expert, Scott Royal Smith: In this podcast, attorney Scott Royal Smith explains why everyone, especially #realestatesyndicators and #realestateinvestors need to be concerned with protecting their assets. #realestateinvesting, #taxplanning, #tax-planning-real-estate, #assetprotection, #scottsmith, #scottsmithattorney, #estateplanningattorneys
