Alliance Financial

03/16/2024

America's Retirement Crisis: 30% of Americans Have Zero Retirement Savings, Raising Concerns About 401(k) Misuse... Discover Strategies to Build Robust Nest Egg for a Comfortable Retirement

The findings lay bare America's so-called 'retirement crisis' amidst fears many workers are using their 401(K) pots like cash machines.
Across all ages, 28 percent have no money at all saved for their twilight years while 39 percent are not contributing to a retirement fund, survey of more than 1,000 adults by GoBankingRates found.

Even among 55 to 65-year-olds, who are close to retirement, a quarter have nothing put away.

Retirement planning expert Mike Kojonen, founder of Principal Preservation Services, said: 'The statistic that 30 percent of Americans have $0 saved for retirement is not surprising.

'Through countless consultations, I’ve observed a prevalent lack of awareness about the cost of retirement and a significant underestimation of how much needs to be saved.'
According to GoBankingRates' survey, workers aged between 35 and 44 are the least prepared for retirement. Some 35 percent of respondents in this age group had nothing saved for their later years.

By comparison, 33 percent of those aged 45 to 54 do not have a single dollar in their funds.
This figure falls to 30 percent for the 25 to 34 cohort and 28 percent for those aged 18 to 24.
Experts warned that many low-paid workers were missing out on key benefits from retirement funds - such as employee contributions and tax breaks.
A 401(K) is an employer-sponsored plan which workers often contribute to directly from their paycheck. A worker's contributions are often matched by the employer.
By comparison IRAs can be opened by anybody including freelance workers.
These IRS-approved Investment and Retirement Guaranteed Income plans help achieve lifetime financial security to join the top echelon of Americans who are on track for a comfortable retirement.

First Plan: Choose between 'Today' or 'Tomorrow' income options for investment growth and retirement income distribution. With a 30% immediate bonus on the principal amount and a guaranteed 45% return after the 3rd year, 'Today' is designed for immediate benefits. 'Tomorrow' features an outstanding 14% APY during years 1-10 (plan: angquote.com/i.pdf).

Second Plan: Focus on aggressive lifetime accumulation with an 11.80% APY. After the 1st year, it deposits more than 50%. It's a long-term retirement savings product with a minimum of 7 years, offering protection against outliving your money (plan: angquote.com/a.pdf).

Third Plan: Designed to provide income payouts for unexpected events like injury, illness, or passing away. It generates cash with a 6.53% APY return and delivers a stream of Guaranteed Lifetime Income during retirement (plan: angquote.com/l.pdf).

To learn more and receive your Growth & Income figures for your desired retirement age, please text YES or call us.

Alliance Financial
Tel: 888-604-4090

02/09/2024

The historic decline of American homeownership: Discover the strategy that facilitates building generational wealth to secure your children as homeowners

Owning a home has long been regarded as a cornerstone of the American dream. However, for residents in Virginia, that dream is rapidly fading. According to a recent report, the Old Dominion state has experienced the most significant decline in homeownership across the US since 2000.

In 2022, only 67.4 percent of Virginians owned their own property, down from 73.9 percent at the turn of the millennium. This represents an overall drop of 8.8 percent, making it the sharpest decline of any US state. Following closely behind are North Dakota, Ohio, and Connecticut, which all saw declines of 7.5 percent and 7.4 percent, respectively.

Further analysis reveals that Nevada has the lowest proportion of homeowners, with only 64 percent of residents owning their own property. These findings, compiled using data from the U.S. Census Bureau, indicate a concerning trend across the nation, with younger generations showing significantly lower rates of homeownership compared to their parents.

To ensure your children can become homeowners sooner than their peers and build generational wealth, our financial advisers recommend taking proactive steps. This includes creating a realistic budget and investing early in IRS-approved Investment and Retirement Guaranteed Income plans. These strategies help establish a substantial safety net, guaranteeing financial security for life.

First Plan: Choose between 'Today' or 'Tomorrow' income options for investment growth and retirement income distribution. With a 30% immediate bonus on the principal amount and a guaranteed 45% return after the 3rd year, 'Today' is designed for immediate benefits. 'Tomorrow' features an outstanding 14% APY during years 1-10 (plan: angquote.com/i.pdf).

Second Plan: Focus on aggressive lifetime accumulation with an 11.80% APY. After the 1st year, it deposits more than 50%. It's a long-term retirement savings product with a minimum of 7 years, offering protection against outliving your money (plan: angquote.com/a.pdf).

Third Plan: Designed to provide income payouts for unexpected events like injury, illness, or passing away. It generates cash with a 6.53% APY return and delivers a stream of Guaranteed Lifetime Income during retirement (plan: angquote.com/l.pdf).

To learn more and receive your personalized income figures for your desired retirement age, text 'YES' to our number.

Alliance Financial
Tel: 888-604-4090

02/08/2024

Skyrocketing Credit Card Debt Surges 50%, Pushing US Household Debts to Worrying High of $17.5 TRILLION… Unveiling Strategies to Avoid Financial Strain and Fortify Your Financial Security

America's household debt hit $17.5 trillion in Q4 2023, rising with delinquencies reported by the NY Fed. Factors include inflation, rising interest rates, and the resumption of student loan repayments in October. Credit card debt soared to $1.13 trillion.

Wilbert van der Klaauw of the NY Fed expressed concern about credit card and auto loan balances turning delinquent, especially among younger and lower-income households, signaling financial strain. Car loan balances surged to $1.61 trillion, reflecting broader financial challenges.

Credit card interest rates spiked to 21.5%, the highest since 1994, increasing credit costs for consumers. Silvio Tavares of VantageScore highlighted significant financial stress despite consumers' overall financial health.
Despite robust growth and low unemployment, inflation and Fed interest rate hikes pose challenges. Benchmark borrowing costs remain high, worsening credit affordability.

Credit card payment delinquencies impact credit scores and financial health. Experts recommend timely payments, budgeting, and exploring IRS-approved Investment and Retirement Guaranteed Income plans which help build a substantial safety net, guaranteeing financial security for life.

First Plan: Choose between 'Today' or 'Tomorrow' income options for investment growth and retirement income distribution. With a 30% immediate bonus on the principal amount and a guaranteed 45% return after the 3rd year, 'Today' is designed for immediate benefits. 'Tomorrow' features an outstanding 14% APY during years 1-10 (plan: angquote.com/i.pdf).

Second Plan: Focus on aggressive lifetime accumulation with an 11.80% APY. After the 1st year, it deposits more than 50%. It's a long-term retirement savings product with a minimum of 7 years, offering protection against outliving your money (plan: angquote.com/a.pdf).

Third Plan: Designed to provide income payouts for unexpected events like injury, illness, or passing away. It generates cash with a 6.53% APY return and delivers a stream of Guaranteed Lifetime Income during retirement (plan: angquote.com/l.pdf).

To learn more and receive your personalized income figures for your desired retirement age, text 'YES' to our number.

Alliance Financial
Tel: 888-604-4090

10/24/2023

America receives a C+ for retirement rating…U.S. seniors are less financially secure than those in third-world countries like Kazakhstan

The US came in 22nd out of 47 countries in the latest Mercer CFA Institute Global Pension Index and received a C+ rating or a '63' score by researchers.

While most middle-income earners benefit from workplace 401(K) structures, lower-paid employees fall behind in savings for their twilight years.

What's more, Americans have more freedom to withdraw their savings early than in other countries. A recent report by Bank of America warned this is an option workers are increasingly taking to cope with rising living costs.

The study assessed a host of factors including adequacy, sustainability, and integrity. 'Adequacy' rankings looked at benefits received, system designs, government support, and growth assets while the other two focused on operating costs, government debt, and economic growth in each country.

At the top of the list ranked The Netherlands where residents benefit from both private and public pension accounts.

The public account is a flat rate for all retirees which is calculated by how long they have lived and worked in the country.

On top of that, there is a partially mandatory requirement for all employers to guarantee a pension to their workers. And individuals can contribute to their plans with their own investments.

In the US, rampant inflation and higher interest rates erode workers' opportunities to save for their twilight years, sparking fears of a nationwide 'retirement crisis.'

A separate study published this week showed more than half of Americans felt 'behind' on their later life savings.

Meanwhile, one in three said they felt 'significantly behind on their retirement savings.'

These IRS-qualified and non-qualified Guaranteed Income plans can help you achieve lifetime financial security, allowing you to join the top 7% of American households who are on track for a comfortable retirement.

First Plan: Choose between 'Today' or 'Tomorrow' income options for investment growth and retirement income distribution. With a 30% immediate bonus on the principal amount and a guaranteed 45% return after the 3rd year. 'Tomorrow' features an outstanding 14% APY during years 1-10 (plan: angquote.com/i.pdf).

Second Plan: This plan focuses on aggressive lifetime accumulation with an 11.80% APY. After the 1st year, it deposits more than 50%. It's a long-term retirement savings product (plan: angquote.com/a.pdf).

Third Plan: Designed to provide income payouts for unexpected events like injury, illness, or passing away. It generates cash with a 6.53% APY return and delivers a stream of GUARANTEED LIFETIME INCOME during retirement (plan: angquote.com/l.pdf).

To learn more about these high-yield Guaranteed Income plans and receive tailored income figures for your desired retirement age, text us 'YES' at our number.

Alliance Financial
Tel: 888-604-4090

08/31/2023

Unveiling the Retirement Reality: Americans' Underestimation of Financial Needs Leads to Account Drain and Hardship

At Alliance, we recognize the pressing financial challenges faced by many American working families, especially the prevalent issue of high-risk, low-return outcomes stemming from exposure to volatile stock market investments and the burden of elevated management fees within their retirement plans, which not only generates a multitude of future uncertainties but can also lead to financial hardships.

According to the latest LIMRA report, only 7% of Americans are on track to a comfortable retirement, while 59% who reached the retirement age still need to work, and 64% of married couples depend on two incomes. This is due to a lack of sufficient income and savings, as well as exponentially growing expenses and taxes driven by inflation and government spending, which can make life a struggle.

In the realm of retirement planning, a notable trend has emerged—Americans often find themselves grappling with a critical miscalculation: underestimating their required retirement income. Despite the intricacies of individual financial needs, the prevailing average retirement savings of approximately $1.27 million for all age groups serve as a reminder of the challenges that lie ahead. This financial oversight, while seemingly innocent, can have profound implications, leading to the inadvertent depletion of retirement accounts, the imposition of hefty penalties, and an immediate onset of financial hardships.

Here are the most essential IRS-qualified and non-qualified Guaranteed Income plans:

• First Plan with two income options: 'Today' or 'Tomorrow', designed for investment growth and retirement income distribution. Income Option Today offers a 30% immediate bonus applied to the principal amount and guarantees a 45% return after the 3rd year. Income Option Tomorrow features an outstanding 14% APY during years 1-10. Additionally, the plans yield about 9.5% APY during their lifetime, providing your employees or clients with a reliable source of guaranteed lifetime income. View the plan here: www.angquote.com/l.pdf

• Second Plan: Features aggressive lifetime accumulation with an 11.80% APY, depositing more than 50% after the 1st year. It is a long-term retirement savings product, with a minimum of 7 years, that can help protect you from outliving your money. View the plan here: www.angquote.com/a.pdf

• Third Plan: Designed to provide income payouts for individuals and their loved ones in unexpected events like injury, illness, or passing away. It generates cash with a 6.53% APY return and delivers a stream of GUARANTEED LIFETIME INCOME during retirement. The accumulated wealth is transferred to their loved ones upon the final event of their life. View the plan here: www.angquote.com/i.pdf

We believe our income plans will be highly beneficial for our clients, providing them with a reliable source of guaranteed lifetime income flow.

If you're interested in learning more and would like to receive your income figures, please text ‘YES’ to the toll-free number indicated below. Our business hours are from 9 am - 9 pm EST during weekdays and from 10 am - 5 pm on Saturdays.

We are eagerly looking forward to assisting you with your investment and retirement planning.

Alliance Financial
Tel: 1-888-604-4090

01/24/2023

Many Americans fear falling ill and experiencing a loss of income. This can create a stressful financial situation where families are unable to provide for their loved ones during times of crisis and uncertainty since these figures are understandably alarming.

90% of the U.S. population has at least one chronic medical condition. 51% of men and 35% of women experience at least one critical or terminal illness during their lifetime, and 77.3% at the age of 70 and over wish to have an additional income due to an exponential gap between their earnings and expenses. *

Given the circumstances, many people often ask their financial advisors “what income could I and my family receive in case of unexpected events.”

A new affordable Life & Income plan designed to work in all episodes of our lives is finally available in your state.

It provides replacement of earnings in case of qualified injury and chronic, critical, or terminal illness, generates cash with a return of 6.53% APY, and delivers LIFETIME INCOME. Tax-free benefits in the amount of coverage plus accumulated wealth are transferred to your loved ones upon life’s final event.

Program’s features & requirements:
● No medical exam required;
● State residence;
● Age: 18 to 75;
● Coverage amount ranges from $5,000 - $3,000,000;
● Tax-free Lifetime Income you will never outlive;
● Cash Growth of 6.53% APY;
● Cash withdrawals for any purpose;
● Lump-sum tax-free payouts in the event of qualified injury, and chronic, critical, or terminal illness;
● Coverage Tax-free Benefits and Accumulated Cash are delivered to your loved ones upon life’s final event.
● Plan matures at the attained age of 121.

Submit your request: bit.ly/3n4QWyh

Please book a 5-minute phone call or video meeting to receive a free calculation of the income you and your loved one could receive in case of unexpected events.

Phone: bit.ly/3yzjuSL
Video: bit.ly/3YMqHd1

* Statistics provided by LIMRA

Here is a plan example.

12/09/2022

https://www.cnbc.com/2022/12/01/how-covid-has-changed-life-insurance-underwriting.html

The non-medical life insurance plan works in all episodes of our life. If we live too long, it generates cash growth with 5.89% APY that provides a return of premium after ten years and doubles your contribution within the next 20 years. You may use funds for any purpose and pay a premium. If the reserve is left untouched it will deliver a tax-free lifetime income you cannot outlive, since the plan expires at attained age of 121. If we fall ill or become disabled, it will provide tax-free payouts in case of qualified injury, disability, or chronic, critical, and terminal illness. The accumulated wealth and coverage face value amount are transferred to our loved ones as a legacy upon the final event of our lives and final debt like funeral and burial expenses paid.
Please call (646) 360-0018 or follow the link to obtain more information and find out what the monthly cost is
https://angquote.com/

08/18/2022

https://vimeo.com/434552519

Nassau Personal Income annuity is designed to help address three of your retirement income needs. Protection, flexibility, and growth. Secure your income for life…

08/18/2022

GUARANTEED INCOME INVESTMENT
Depending on when you would like to begin taking income, you may elect one of the options:

INCOME STRATEGY TODAY
45% Guaranteed return on your initial investment in years 1-3,
an additional 3% simple interest roll-ups in years 3-10.

INCOME STRATEGY: TOMORROW
14% Simple Interest roll-ups grow the Initial Investment for the first 10 years.

MAIN GOALS
Protection: Securing income for life with guaranteed lifetime income benefit.
Flexibility: Meeting your individual time horizon and needs.
Growth: Accumulating your cash value while protecting against market downturns.

ISSUE AGES: 0-80

INITIAL INVESTMENT DEPOSIT:
• Minimum: $15,000 (qualified by IRS and non-qualified)
• Maximum: $1,000,000 unless approved.

07/14/2021

***ATTENTION NEW YORK STATE RESIDENTS***
Finally, a new state-regulated Income Protection & Debt Repayment program is now available to provide replacement of earnings in the event of illness, disability, or passing; pay off all outstanding debt (mortgage, loans, taxes, final expenses, etc.); make payments for current household expenses (home loan, rent, bills, car leases, credit cards, etc.) and deliver a stream of guaranteed tax-free Lifetime Income you will never outlive.
$250,000 plan starts as low as $19.90/ month
Program’s features & requirements:
● NY state residence;
● Age: 18 to 75;
● No medical exam required below $250,000;
● Coverage amount ranges from $5,000 - $3,000,000;
● Premium Return - refund of the total amount of premium payments paid;
● Cash Growth of 6.31% APY;
● Cash withdrawals for any purpose;
● Guaranteed Tax-free Lifetime Income you can’t outlive;
● Lump-sum tax-free payouts in the event of illness or disability make payments for mortgage, rent, car lease, bills, and all other household expenses;
● Tax-free Death Benefits - pay off all lifetime accumulated debt, final expenses and provide future income for the family;
● Plan matures at the age of 121;
● SmartWatch Fitness Tracker rewards to encourage healthy activities.

Get your quote now and receive a
free SmartWatch Fitness Tracker
at www.angquote.com
Tel: (646) 360-0018
https://www.businessinsider.com/personal-finance/private-student-loans-not-forgiven-death-consider-life-insurance

Private student loans aren't discharged if you die, so they become the responsibility of your heirs. But if you have life insurance, you'll be covered.

05/20/2021

***ATTENTION NEW YORK STATE RESIDENTS***
Finally, a new state-regulated Income Protection & Debt Repayment program is now available to provide replacement of earnings in the event of illness, disability, or passing; pay off all outstanding debt (mortgage, loans, taxes, final expenses, etc.); make payments for current household expenses (home loan, rent, bills, car leases, credit cards, etc.) and deliver a stream of guaranteed tax-free Lifetime Income you will never outlive.
$250,000 plan starts as low as $19.90/ month
Program’s features & requirements:
● NY state residence;
● Age: 18 to 75;
● No medical exam required below $250,000;
● Coverage amount ranges from $5,000 - $3,000,000;
● Premium Return - refund of the total amount of premium payments paid;
● Cash Growth of 6.31% APY;
● Cash withdrawals for any purpose;
● Guaranteed Tax-free Lifetime Income you can’t outlive;
● Lump-sum tax-free payouts in the event of illness or disability make payments for mortgage, rent, car lease, bills, and all other household expense;
● Tax-free Death Benefits - pay off all lifetime accumulated debt, final expenses and provide future income for the family;
● Plan matures at the age of 121;
● SmartWatch Fitness Tracker reward to encourage healthy activities.
Get your quote now and receive a
free SmartWatch Fitness Tracker
at www.angquote.com
Tel: (646) 360-0018
https://www.foxbusiness.com/money/is-permanent-life-insurance-a-good-idea-for-you

A permanent life insurance policy provides full-life coverage, but it may not be as advantageous as a term life policy. Assess the pros and cons of a permanent life insurance policy to determine if it’s right for your needs.

05/19/2021

***ATTENTION NEW YORK STATE RESIDENTS***
Finally, a new state-regulated Income Protection & Debt Repayment program is now available to provide replacement of earnings in the event of illness, disability, or passing; pay off all outstanding debt (mortgage, loans, taxes, final expenses, etc.); make payments for current household expenses (home loan, rent, bills, car leases, credit cards, etc.) and deliver a stream of guaranteed tax-free Lifetime Income you will never outlive.
$250,000 plan starts as low as $19.90/ month
Program’s features & requirements:
● NY state residence;
● Age: 18 to 75;
● No medical exam required below $250,000;
● Coverage amount ranges from $5,000 - $3,000,000;
● Premium Return - refund of the total amount of premium payments paid;
● Cash Growth of 6.31% APY;
● Cash withdrawals for any purpose;
● Guaranteed Tax-free Lifetime Income you can’t outlive;
● Lump-sum tax-free payouts in the event of illness or disability make payments for mortgage, rent, car lease, bills, and all other household expense;
● Tax-free Death Benefits - pay off all lifetime accumulated debt, final expenses and provide future income for the family;
● Plan matures at the age of 121;
● SmartWatch Fitness Tracker reward to encourage healthy activities.
Get your quote now and receive a
free SmartWatch Fitness Tracker
at www.angquote.com
Tel: (646) 360-0018
https://finance.yahoo.com/news/many-americans-want-bitcoin-life-222400309.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAADmzDjGS_cdZkUJN33T2znD50CMGOfTXvv5uwILAQqWoZ3OoXUd32kQe-0k3F744i1fuw6VyzYOsrkJZewD4zjhepGaeW_bjQgRYVyDRsHwgYYKn9A4fC9gW8qnA-aMyZ24fosf-9f4rfmPautJdsNscnsgzIrFxfuq717eJH-d7

Spoiler: It’s not as mysterious as it sounds.