World Financial Group

09/02/2021

Social Security benefits will be depleted by 2034 due to the Covid-19 pandemic. What do you have in place to sustain you and your family during retirement?

Comment "Me" for a free consultation!

06/30/2021

If You Were Forced Into Retirement Would You Be Ready

It's never too late to get your retirement plans in order.

01/15/2021

Good News! At the start of the pandemic there was a temporary a restriction on underwriting of Living Benefits and Long Term Care Riders for individuals ages 56-75 has been removed. We are excited to offer underwriting again of these popular riders.

At the start of the pandemic, Transamerica put a temporary hold on Living Benefit and Long Term Care Riders for individuals ages 56-75. We have removed this restriction and are excited to once again offer these popular riders. https://bit.ly/2Lcapdu

01/15/2021

https://m.facebook.com/story.php?story_fbid=3663697037080748&id=2283254235125042

12/25/2020

The best gift you can give to the ones you love is the gift of protection.

https://m.facebook.com/story.php?story_fbid=3614733895310396&id=2283254235125042

12/24/2020

8 Ways Millennials Accidentally Ruin Their Finances Manage Money  -  Save Money Last updated Oct 7, 2020 | By FinanceBuzz Editors FinanceBuzz is reader-supported. We may receive compensation from the products and services mentioned in this story, but the opinions are the author's own. Compensation...

12/23/2020

Workers can withdraw or borrow up to $100,000 from 401(k)s under new COVID-19 aid package. Retirement planners say only do this if necessary.

12/18/2020

PSA!!!!!!!!!!!!

If you need additional insurance coverage outside of your employer now is the time to do it. Don't keep putting it off because rates could go up due to all the covid 19 deaths

For free consultations click the link in the bio.

12/16/2020

Roth IRAs have 2 advantages.
· It accumulates tax free.
· You can take it out tax free.

Life Insurance has those same two benefits plus more.

Ex: You can put 250k into a life insurance policy and have the flexibility to take out 200k in little to no time without penalties. With Roth accounts there are restrictions on how much money can be contributed at one time, not to mention, any funds removed will incur penalty fees.

With life insurance contracts it’s tax free and have been like that long before Roth’s were created in 1997. Another noteworthy benefit about life insurance is that, it mimics the stock market but is not of the market, so you do not have to worry about losing gains (ALL GUARANTEES). However, IRAs and 401Ks are tied to the market and can lose money.

CPAs and Tax Attorneys are well informed about the max funded insurance strategies where you can put in large amounts. If you put in 100k, 200k, or 300k, into this kind of policy and then only put in 10 or 20k thereafter, in future years you make up for the room you did not use. With Life Insurance you have the flexibility to access your money and bypass the Roth 5-year rule and 59 ½ rule to access your funds. In the event, you passed unexpectedly (lord forbid) every million you have in the policy would double and transfer tax free to beneficiaries. There is not a Roth around that will do that.

Comment below if this information was helpful.

12/15/2020

Bank account vs. Saving inside of a Life Insurance policy.

Here is an example of what saving in a bank account vs savings inside of a life insurance policy will get you.

If you were to save as little as $108 a month in a bank account, you'd have around $32,400 give or take the minimum interest (0.03%).

If you were to save inside your Life Insurance policy, you'd have a couple thousand more, and it continues to compound interest.

Ex: 40 yr. old healthy male - budget $108 per month for 25 years.

$32,400 vs $38,326 Cash Value Life Insurance (keeps growing).

Age 65 - $39,875
Age 75 - $57,209
Age 80 - $66,718

Life Insurance is SECURED money. Value diversification!

Where can you get compounded interest, tax free access to your money with no restrictions, creditor protection, health riders to protect your income and tax free pay out to your heirs (beneficiaries) where the money can be provided immediately when your family needs it, or transferred into an income annuity for lifetime payout?

401k savings should not be your only plan for retirement savings. You need a plan with Tax Advantages.

If you need an additional plan for retirement savings click the link in the bio.



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12/10/2020

Let's talk IRAs:

Choosing the type: Traditional IRA or Roth IRA means choosing whether it will be taxed later or never taxed.

Which account is better for you based on your income bracket?

12/08/2020

Falling short financially in retirement is a major concern among working Americans.

But wealthier Americans are worried, too

Learn how to mitigate market risks associated with your retirement for Free! Click the link in the bio and a licensed financial professional will be on standby to answer any questions you may have.

It's not just lower earners who worry about retirement.