Jude Barbiere - Northwestern Mutual

04/12/2023

Have you and your family talked about what would happen if you need long-term care? Having a conversation upfront impacts how everyone feels about the choices that are made.

04/04/2023

I get it. Thinking about long-term care isn’t fun. But planning for long-term care sooner could save you, and your loved ones, money and stress later. You can all feel good that your plan for care is taken care of. Reach out and let’s talk about the best plan for you.

03/14/2023

Here are a few of the biggest challenges your retirement plan may face:
1. Longevity—67% of men, and 75% of women over the age of 70 will live at least another 10 years. 20% of these men, and 34% of these women will live into their 90s.
2. Market Volatility—Since 1950, the S&P 500 has averaged a correction of at least 10% about once every three years.
3. Inflation & Taxes—An average inflation rate of 4% will cut your purchasing power in half in just 18 years.
4. Health Care—Average health care costs rose 16% between 2016 and 2020.
5. Long-Term Care—Half of Americans who live to age 65 will have a need for long-term care services at some time in their lives.
6. Legacy—Spending down assets in retirement can diminish the financial legacy intended for family or a charity.

03/07/2023

Starting in 2023, Social Security benefits checks are going up 8.7%—the largest increase in more than four decades.

Thanks to a Cost-of-Living Adjustment, this boost will give recipients around $1,615 more than in 2022 to help offset the impact of inflation. I can show you how Social Security benefits can be an important part of your retirement plan. Message me to get started.

03/01/2023

Reach your new level of financial confidence. We do financial planning differently, so you can. It’s an approach shown by Ernst & Young to give you better long-term financial outcomes than other approaches. Sound good? Let’s get started.

02/22/2023

Many companies want to reward and retain their key employees but are faced with restrictions on the types and amounts of benefits they can provide under a qualified plan. A nonqualified Bonus plan provides a way for a company to reward a key employee(s) with an additional benefit of protection over and above other forms of compensation.

Plan characteristics – employer perspective
- Determines who participates.
- Pays some or all of the premium.
- Deducts amount paid for premium as employee compensation
- Can provide additional compensation to employee to assist with tax payment
- Can have a vesting schedule (golden handcuff)
- Requires no IRS or ERISA approval
- Easy to implement & maintain
- Low Cost

Plan characteristics – employee perspective
- Maintains all rights of policy (Asset) ownership including the right to designate the beneficiary
- Pays income tax on the premiums (bonus) paid by the employer
- Policy accumulated value grows tax deferred and death benefits are received income tax free
- Safe, tax advantaged, liquid, cash growth annually
- Cash can be accessed pre-retirement tax advantaged
- Benefit is portable (can take policy if employee leaves the company)
- Offers greatest degree of benefit security

02/16/2023

KEY EMPLOYEE BENEFITS:

Advantages to the employer:
- A nonqualified benefit plan provides you with a competitive edge in recruiting and retaining key employees.
- Enhancing your regular compensation package can help promote the dedication and commitment of your company’s most important people.
- You can choose which of your key employees will participate in the plan.
- You determine the level and types of benefits provided.

Advantages to the employee:
- A nonqualified benefit plan provides the employee with additional benefits that otherwise might not be possible without current income taxation.
- The plan can offer an income-tax-free benefit to the employee’s family in the event of an untimely death.
- The employee may have the opportunity to put aside a portion of current income without the limitations imposed on qualified plans.

02/10/2023

How can you reach a new level of financial confidence? Watch and see how our unique approach to planning can show you the way. Then let’s talk.

01/24/2023

While your Whole Life policy is in force, your liquid tax advantage cash accumulated value goes to work for you, generating tax advantaged non-guaranteed annual dividends that can be used to purchase more death benefit protection and increase your cash accumulated value. Northwestern Mutuals has paid out dividends every year to its Whole Life Insurance policy owners since 1872.

01/17/2023

Most of us think about life insurance as a way to protect our loved ones after we’re gone, but did you know that whole life insurance can help you retire the way you’ve always wanted to?

The Life Insurance Advantage
* Build liquid cash value that’s guaranteed to grow over time—and when you're ready to retire, you can tap into it for tax-advantage income

01/11/2023

A financial plan is like a road map that shows you where you are and how to get where you want to go. But what does that really mean? Learn more about what’s actually included in a plan. Please reach out if you’d like to start building your plan.

The term “financial plan” can mean different things to different people. Learn what is included in a financial plan and how a plan can help you.