Alin David Lozada, RICP®, CSA |
March 3, 2017 |
Indexed Universal Life, Life Insurance
For years, Americans have been told that the best way to save for retirement is by contributing to accounts like 401(k)s, IRAs, SEPs, and Tax-Sheltered Annuities (TSAs). These have two things in common: You receive a tax deduction based on your tax rate, and you must pay a tax when you withdraw the money. Most accountants and CPAs are more concerned with saving taxes today than in the future, so they will advise you to maximize your retirement plan to receive the greatest tax deduction. Also,...
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Steve Soffer |
April 2, 2015 |
401k and IRA Blogs, Fixed Annuities, Life Insurance, Long Term Care, Retirement Planning, Your Retirement
Ok, cute title… but what the heck is a “2-Step” when it comes to taxes and my money? Well, if you currently have savings in a qualified 401k, 403b or 457 Deferred Compensation Plan, then one of your concerns is probably how taxes will impact your retirement as well as the legacy you leave your family. You might want to consider implementing this simple 2-step financial planning strategy. First of all, you might wonder, “Is it possible to use existing financial tools to create a...
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Stan The Annuity Man |
September 12, 2013 |
Annuity Taxes, Ask Stan The Annuity Man, Life Insurance, Member Posts, Miscellaneous Annuity Info
Question: Is an annuity considered life insurance? Do they work the same? from Ted in Miami, FL Answer: Most people don’t know this, Ted, but annuities are actually issued from life insurance companies….so in essence they are life insurance products. However, annuities and life insurance are vastly different when it comes to how they are taxed. As a side note, when it comes to anything involving taxes, you should always consult with a qualified CPA or tax lawyer. Annuity agents are not tax advisors, and...
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Stan The Annuity Man |
June 14, 2013 |
Life Insurance, Member Posts
Doug Wright, President of The Wright Group, has produced an insightful video containing an overview of the benefits of life insurance and describes why life insurance needs to be part of comprehensive financial plans. Click here (Life Insurance Overview) to meet Doug and listen to his educational video about life insurance. To learn more, visit his website: www.seniorincomenetwork.com.
Stan The Annuity Man |
April 19, 2013 |
Income For Life, Life Insurance, Member Posts, Nina Avery
Written By: Nina Avery, CFP® | Avery Safe Money Solutions A week before my dad died he asked me to create a plan for him that would protect my mother. My folks had the standard term policies when they were younger to protect each other, the house and us girls. But when those ran out, as term policies ALWAYS do, there was no more insurance. When the idea came back around that life insurance was the best way for my dad to protect and take...
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Stan The Annuity Man |
March 25, 2013 |
Cal Burgess, Indexed Universal Life, Member Posts
Written By: Cal Burgess | Retirement Servicing Group There are a plethora of options out there in regards to college education, so when it comes time to pick the best option for your loved one, it’s important to make sure all of your bases are covered. Unfortunately, many college plans today fail to deliver the anticipated results for a couple of reasons: volatility or change. Since there is very little certainty in life, it is crucial to use a flexible college-planning tool that allows you...
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Stan The Annuity Man |
February 25, 2013 |
Cathy DeWitt Dunn, Life Insurance, Member Posts
Written By: Cathy DeWitt Dunn | President of Annuity Watch USA A tired old cliché says the two things you can’t avoid in life are death and taxes. It may be uninspired and a little depressing but, unfortunately, it’s mostly true. Americans are taxed for just about everything. And, if you have been fortunate enough to accumulate some wealth over your lifetime, you are even taxed for dying…the ultimate double whammy of the seemingly unavoidable. Luckily, exposure to the “death tax” doesn’t have to be...
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Stan The Annuity Man |
October 17, 2012 |
Jeremy Smith, Life Insurance, Member Posts, Retirement Planning
Written By: Jeremy Smith | Amerishield The night air is getting crisper, and high school football is in full swing – such are the perennial comforts that tell us that autumn has arrived. Many people use autumn to embark on the seasonal to-do list in preparation for the colder weather just around the corner. I’m wondering, with last month being National Life Insurance month, was your own mortality on the list of things to make sure all was in order? If not, it’s time for...
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Stan The Annuity Man |
September 5, 2012 |
Life Insurance
A recent survey by Northwestern Mutual Life Insurance Company has revealed that two thirds of Americans who make the steps to buy insurance feel more “secure”. This survey involved a poll of 2,097 American adults ages 18 and older. Although the overall result was certainly not a surprise, the survey did reveal some unique insight into the reasons why individuals are prompted to seek life insurance. The most common factors behind the purchase of life insurance is due to a recent marriage (32%), retirement planning...
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Stan The Annuity Man |
August 17, 2012 |
Cal Burgess, Indexed Universal Life, Life Insurance, Member Posts, Retirement Planning
Written By: Cal Burgess | Retirement Servicing Group A few months ago I made a recommendation to a referral (now a client) regarding an indexed universal life policy. His financial goals were straight forward; he wanted to protect his money from rising federal income taxes while protecting as much of his money from market risk as possible. When we met, I could tell that he was frustrated with the performance of his portfolio and was skeptical about other financial vehicles that he entertained. After about...
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