For business owners, leaving a legacy behind for their children is often a driving factor. Leaving that legacy to chance is not. If the owner of a business passes away, often, the family will have to borrow the cash needed to pay for funeral expenses, taxes on the estate, and ordinary income taxation of stock … Continue reading Can Life Insurance Help Protect Your Legacy?
Certain employees are extremely valuable to a business due to their knowledge, skill set, or investment in the company. Therefore, arming these employees with life insurance can protect a business that may suffer financial loss if the employee becomes unable to work due to disability or death. The Mechanics of a Business Split-Dollar Life Insurance … Continue reading Protect Your Business with a Split-Dollar Life Insurance Plan
In our last blog, we discussed earning power and how it relates to your financial future. Now let us dive right into 12 tips to help maximize your earning power and secure your financial future. Tip 1: Spend Less than You Earn This may seem like a no-brainer, but many people struggle with the concept … Continue reading 12 Tips for Securing Your Financial Future
When planning for the future, many people see the finish line as the happy day when they retire. However, in reality, this is only the beginning. Estate planning can be a difficult process if plans are not made before retirement. Discussing all possible solutions to keeping more of your money to pass on to loved … Continue reading Use Life Insurance to Increase Estate Value With These Tips
Over 72% of all contributions to charitable organizations in 2016 were made by individuals, according to the Giving USA Foundation. People give to charities for a variety of reasons. These reasons include: A compassion for the less fortunate A belief that they owe something back to society A wish to support a favored institution or … Continue reading Give More to Charities with Life Insurance