How to Solve Executive Benefit Planning Issues

The successful businessman, Andrew Carnegie, stated, “Take away my factories, my plants; take away my railroads, my ships, my transportation; take away my money; strip me of all of these, but leave me my men and in two or three years, I will have them all again.” Carnegie understood that in order to be successful, … Continue reading How to Solve Executive Benefit Planning Issues

Advertisements

How to Use a Split-Dollar Life Insurance Plan for Your Business

Not a type of insurance policy, per se, a business split-dollar life insurance plan is used by a business when an arrangement allocates that a life insurance policy benefits and premium costs are made between an employer and a valued employee. Typically, an employer assists certain employees in purchasing a business split-dollar life insurance plan. … Continue reading How to Use a Split-Dollar Life Insurance Plan for Your Business

How to Decide if a Reverse Mortgage is Right for You

Almost everyone has heard of a reverse mortgage, but few people really understand how a reverse mortgage works or if it is right for them. A Reverse Mortgage Review A reverse mortgage is a loan paid to someone who owns their home or has enough equity built up in their home where they can borrow … Continue reading How to Decide if a Reverse Mortgage is Right for You

How to Convert Home Equity into Income

One of the richest assets many people own is their home.  During retirement, this home may be used to provide financial stability.  A reverse mortgage is a popular way to provide financial stability to those who are retired and are living on a fixed income. Tapping into the Value of a Home A few years … Continue reading How to Convert Home Equity into Income

Long-Term Care Insurance: Fact Vs. Fiction

When reviewing a person’s assets, liabilities, health, and choices for healthcare facilities during retirement, a qualified financial planner will often mention long-term care insurance.  However, those who are considering this option often have trouble separating fact from fiction.  The first fact is that few people are prepared to handle the financial burden of long-term health … Continue reading Long-Term Care Insurance: Fact Vs. Fiction

Fact vs. Fiction: Long-Term Retirement Care

With the odds of a person over 65 years of age needing long-term care at some point in their life, creating an asset-based long-term care solution can help provide them with the financial security they need and deserve in their retirement years.  Without any sort of long-term care plan, many people will quickly drain their … Continue reading Fact vs. Fiction: Long-Term Retirement Care

A Review of Tax-Deferred Annuities Part II

In our previous article on tax-deferred annuities, we discussed the three primary sources of retirement income as well as potential drawbacks of relying on Social Security benefits to cover expenses in retirement. We then introduced tax-deferred annuities, also known as TDAs, and brief information on how these accounts work. Today, we’ll wrap up our review … Continue reading A Review of Tax-Deferred Annuities Part II