In recent years, we’ve seen that aggressive and conservative products, both domestic and global, can move in tandem with one another. In other words, we have experienced market scenarios in which there is very little safety anywhere — even for diversified portfolios. Twenty-first century asset protection calls for more than just strategic asset allocation. Product allocation — buying instruments that can protect your portfolio from negative returns early in retirement — is generally considered a more effective means of protecting assets. Diversifying your retirement assets among a variety of vehicles, both insurance and investment-oriented — depending on what is appropriate for your situation — may offer you the best chance of meeting your retirement income goals throughout your lifetime.
Life insurance is offered from many different companies. This makes our role as a Life Insurance Broker very helpful in determining which company is the right one for your situation. We actively ‘shop the marketplace,’ looking for products that offer benefits and solutions for each client’s needs.
Annuities also have the tax-deferred component and can be very helpful in providing an optional guaranteed income for life. Since the income payout is based on the claims-paying ability of the insurance company, you need to be careful in selecting your annuity provider.
Guaranteed Life Income Plans
Most all clients have a basic monthly expense amount that must be met to be secure in their current lifestyle. It is extremely important that this income amount not fluctuate just because the stock market is having a bad month — or even longer. We can implement a guaranteed income strategy using innovative lifetime annuities.
Business Succession Planning
In any business, there are always a select number of key employees who are vital to the company’s ongoing success. The company may implement a benefit program to keep, help replace, and even attract these employees. This may include key-man insurance, deferred compensation plans, or executive bonus plans. In addition, properly drafted and funded buy-sell agreements can play a critical role in protecting your business’s destiny.
Charitable Planning & Endowments
Creating a charitable gift-giving plan may provide you with multiple tax breaks: an income tax deduction, the avoidance of capital gains on highly appreciated assets, and no estate taxes on the charitable contribution upon your death. We expect an increased tax environment in the U.S. in coming years. This makes for some compelling reasons to integrate philanthropy into your financial and estate planning.
Estate planning is simply determining where your assets should go after you die. Without a properly structured estate plan, your wishes may not be fulfilled, and your loved ones could be hurt both emotionally and financially. While the concept is simple, the vehicles’ planning and implementation processes can be rather complex. We are in a constantly changing estate-tax-law environment. That’s why it is important to work with experienced estate planning professionals who stay current in this field and advise clients in a timely manner.