VG Financial

05/14/2024

📊 Attention Millennial Women! Statistics state that women in our age group are most likely going to live in poverty in our golden years!!!

Let's talk about retirement savings and the financial hurdles many of us face. Did you know that according to recent studies:

🔍 TIAA states only 29% of millennial women are actively saving for retirement, compared to 41% of millennial men.

🔍 According to NIRS Millennial women have an average retirement savings balance of $23,000, significantly lower than the average balance of $50,000 for millennial men.

💡These statistics shed light on the challenges we encounter when planning for our financial future. There's a safe, powerful solution that can help bridge the gap: Cash Value Life Insurance.

Here's how it can make a difference:

💎Flexibility for Life's Twists and Turns: Whether it's taking time off for caregiving, pursuing a new career path, or dealing with unexpected expenses, cash value life insurance offers financial flexibility to adapt to life's changes without sacrificing long-term security.

🛡 Protecting Your Loved Ones: As caregivers, breadwinners, and nurturers, ensuring the well-being of our families is paramount. Cash value life insurance provides both protection and a savings component, offering peace of mind knowing our loved ones are taken care of no matter what.

🛠 Building Wealth Over Time: With cash value life insurance, you're not just preparing for retirement; you're building wealth that grows over time, giving you a solid financial foundation for the future.

Feel free to reach out to explore and discuss the benefits of cash value life insurance and take control of your retirement journey today!

04/23/2024

💎️Fixed Index Annuities give investors a huge leg up because of Downside Protection!

💵Due to downside protection, our clients never have a negative return even when the stock market does.

🔒FIAs grow in value when the index is positive. And any interest credits are locked in at the end of each crediting period so our clients don't lose the gains they've built. This gives a major advantage for growth potential.

📈Downside protection and growth potential work together to ensure you don't have to worry about market volatility, eliminating the need to make up for market loss.

To find out more about how Fixed Index Annuities can benefit your investment portfolio, feel free to shoot me a DM.

03/25/2024

Parents of children in middle school to undergrad college: do you need help finding scholarships for your student?

03/20/2024

Parents, if college were to begin tomorrow for your student, how are you going to fund the bill?

Parents must stay informed to new ways to cover the college bill because they won't get the help they were once able to receive.

Parents with more than one student already attending college will be losing the sibling discount. For example:

A parent already has a student in college and their Student Aid Index (SAI) is $60,000, but now they have 2 more students in college at the same time.

The rule used to be that their SAI would be $20,000 for each student.

However, the new FAFSA rule states they could be expected to pay up to $180,000 for each student FOR ONE YEAR! This could definitely cause an issue in terms of funding college for all of these parents' students.

If you are a parent that has one or more college bound students, and you are concerned about the new Financial Aid and FAFSA rules, register for tonight's seminar at 6pm PST here:

If you consider yourself to be middle or upper middle class you are going to learn how to fund your students college education.

02/22/2024

For people looking to secure a retirement income that will sustain them for the duration of their golden years, annuities is a great option.

There are two ways you can fund the annuity: with a single premium, or with monthly contributions.

A single premium annuity is a type of annuity contract where you make one lump-sum payment to the insurance company in exchange for a stream of future income payments.

It's a common option for individuals who have a large sum of money, such as an inheritance or the proceeds from a sale of property, and want to convert it into a reliable source of income.

A 401k, 403b, and IRAs can be utilized via a qualified rollover to start an annuity.

For people who do not have access to large sums of money, but want to secure lifetime retirement income, you can fund an annuity monthly starting at $100.

Annuities are also nonmedical, so you don't have to worry about your health affecting acceptability.

Feel free to reach out to inquire about annuity products and compare the terms and rates across multiple insurance carriers to find the one that best suits your needs.

Call now to connect with business.

02/22/2024

🛑Buy term insurance and invest the rest is the worst financial advice to tell anyone, particularly young investors.

⏰If you're a young investor, you should first invest in a permanent life insurance policy because you're more than likely going to outlive the term on that policy.

💎The permanent life insurance policy is a better investment, because it gives you the ability to experience compound growth inside the policy while having insurance coverage for the rest of your lifetime.

🔒You can also benefit more with a permanent policy because the compounded cash growing inside your policy is protected from volatility and cash loss, locking in gains and eliminating loss.

✅You have access to the cash tax free without penalty for any reason without an age requirement increasing your cash liquidity.

💵Unlike an IRA, there is no income requirement to participate nor a limit to how much you can contribute to your permanent policy.

✅Unlike a 401k, you do not need to be with an employer to contribute, and again receive no penalties for accessing the cash inside your policy.

💲You can maximize on market volatility by taking advantage of all the market gains and none of the market loss, and won't have to worry about paying a capital gains tax in the future.

📉You can minimize investment fees leaving you with more to invest and eliminate future taxes that you otherwise would have in a traditional IRA or 401k .

💵You also can use your permanent policy to lower your taxable income at retirement age.

🚫Term policies definitely have their uses, but investing is not one of them.

💎Feel free to DM me for more info on using permanent life insurance to properly invest.

02/18/2024

⛔️Your attitude of being passively involved with your investments and retirement income will negatively impact you and your finances this year and the next coming years:

🛑Many people are sleeping on how this election year will impact them financially. Don't be one of them!

We can see what is going on with our economy currently.

‼️The DOW is going crazy, increasing market volatility.

📉During election years, the powers that be always manipulate the market to reflect a stable economy, giving a false sense of security to the American people.

‼️Inflation rates are affecting everyone and will double the cost of living in less than 5 years,

‼️The federal government continues to spend more than double they receive in revenue due to stimulus spending

‼️The federal government is printing money at an unprecedented rate to cover deficits,

‼️The federal reserve has aggressively raised interest rates to curb year high inflation rates.

‼️The federal government is raising taxes and going after people and businesses who have the money.

‼️Capital gains taxes and income taxes are increasing.

‼️Experts such as Lisa Shalett, the CIO for Morgan Stanley, and Kobessi Letter speak of a looming commercial real estate crisis that will be worse than 2008 that will ultimately bleed into the residential real estate market, and bank failures.

What can you do?

💎Put your money into institutions that rate high in safety and use strategies to provide safety of principal.

✅Use legal reserve insurance companies because they employ indexing strategies to protect principal and lock in any gains.

💲Use indexing strategies that take advantage of market volatility while eliminating loss risk.

For more information on strategies that allow you to take advantage of market volatility and protect you from loss, feel free to DM me.

02/14/2024

If you're in need of insurance and you smoke, some insurance carriers that I represent are willing to offer non-smoker rates for a period of 3 years if you're actively trying to quit smoking.

This is great news as it can save you money on your premiums while also encouraging you to live a healthier lifestyle.

02/10/2024

Please, for the sake of all things holy, do NOT lie on your life insurance applications!

I finished watching a Tiktok reel addressing this very issue. A husband is now forced to turn to GoFundMe and count on the kindness of strangers to bury his wife, because she passed away from complications of diabetes 2 years after she got insured.

She did not state that she had diabetes on her application. When the insurance company did an investigation into her death and her health history, they discovered her death was due to a preexisting condition (diabetes). She willfully answered no to all questions that asked about diabetes.

Instead of receiving the death benefit (it wasn't disclosed how much he could have received), the husband only received $3,100.

I have encountered this as well as an insurance broker. Individuals have come to me and willfully tried to hide strokes and cancers, even though I disclosed the insurance company will run your social to check your medical information and compare what you're saying to what is in the system.

You do yourself and those who will handle your final affairs a huge disservice when you lie on your applications.

Now when you apply, you may not be considered not because of your health history, but also because you are viewed as being willfully dishonest. Tell the truth. They WILL find out.

02/08/2024

When you open yourself up to discussions on building wealth, you may discover opportunities that were previously unconsidered.

Expanding knowledge leads one step closer towards achieving your goal of attaining affluence!

Congrats to Phill and Denise for taking the first step of having the conversation!

Not only did they diversify their portfolio and protect their 401k by investing in an insurance vehicle that is built to accumulate wealth,

they lowered their taxable income and set themselves up for additional tax-free retirement income!

They also took the extra step in breaking the generational curse of poverty over their family by setting their children up to accumulate wealth that their children will have access to anytime they need it!

This is what I call securing your legacy! Bravo Zulu parents, and I am glad to have helped you both add value, comfort, and financial stability to your lives and your future generations!