Smart Saving Plan

06/17/2020

I often ask my friends "What are they investing for?"

Their responses are diverse:

"Returns."
"Growth."
"Assets."
"Freedom."
"Fun."

I rarely get the answer that matters the most: INCOME!!!

WE all need income, a consistent cash flow that shows up in our account monthly. Can you imagine never worrying again about how you will pay your bills or whether your money will run out? or having the joy and freedom of traveling without a care in the world? Not having to worrying about opening your monthly statement and praying the market holds up? Yes, Income is Freedom!

There are many ways to skin the cat, Our financial vehicle focuses on the following:

1) 100% guarantee on your deposits ( you don't lose your money and keep total control)

2) Upside without the downside: your account value growth will be tied to the S&P500, so if the market goes up, you get the participate in the gains. But if the market goes down, you don't lose a dime.

3) Tax deferral on your growth.

4) A guaranteed lifetime income stream where you have control and get to decide when to turn it on

5) Get this: the income payments can be made tax-free if structured correctly.

6) No annual management fees

There you have it. You get all of these benefits by using the modern version of a 2000 revolutionary financial tool!!! I know it sounds too good to be true, but stick with me. It is not. I use this approach and I am excited to share the details with you.

04/30/2020

Always have a backup plan.

42-year-old retiree who lost $600,000 due to pandemic: 'I feel foolish for retiring early'

In 2012, after saving nearly $3 million, Sam Dogen quit his job in investment banking and retired at 34. Then the coronavirus pandemic hit. Here's how it disrupted his family finances and future plans.

02/17/2020

How much money you'll have every month in retirement on a $50,000 salary

If you make $50,000 a year and save 10% to 15% of your income, here's how much you'll have for retirement if you factor in those savings, plus Social Security.

12/20/2019

https://apple.news/A22nUygOaTaGfAbyIbyhRNA

Inside the spending legislation the Senate passed are the most significant changes in more than a decade to the nation’s retirement system.

12/15/2019

12/15/2019

Our annual xmas party 2019 and product trainings at IAA.

I am so blessed to be around many of the strong independent individuals who are committed to helping clients to build their vision of financial future.

11/13/2019

A friend of mine found this interesting article. What’s your thought?

Life insurance costs the same as a streaming service subscription, yet many millennials either don’t have life insurance or don’t have enough coverage.

06/15/2019

In early 2014, the Guinness Book of World Record announced that "Mystery Billionaire Buys Record-Breaking $201 Million Life Insurance Policy."

Guinness World Records confirms new policy more than doubles previous record

06/06/2019

I think the biggest 401k isn’t the tax advantage. It’s the forced savings nature. A lot of people don’t see the money they’re contributing in their paychecks, it helps turn spenders into savers.

People usually think 401k is the only choice. But, there are other options. Inbox me if you like to find out other options.

05/19/2019

Don’t let these 3 money lessons become your mistakes.

The article suggests to save early age and invest in the stock market long term. There are saving plans that remove you from the vulnerability of the stock market and has the same effect using compound rate.

The more lessons you learn and mistakes you avoid, the wealthier you can grow.