Alexander "Tom" McClorey, Registered Representative Nylife Securities LLC

05/15/2024

In the latest episode of Market Matters, host Lauren Goodwin is joined by Michael LoGalbo to discuss potential “black swan” risks that – though unlikely – have the most potential to disrupt investor consensus in 2024. In part one of this series, they discuss an unlikely monetary union, a major cultural shift, and a valuable new asset. https://bit.ly/3R9WWlx

05/13/2024

Check out Money magazine’s "How to Create a Life Insurance Retirement Plan" by Jeremi Davidson, explaining how a strategy of using the cash value of a permanent life insurance policy to supplement retirement income can enhance your retirement strategy, offering both the protection of life insurance along with the potential growth of retirement assets. https://nyl.co/44G3o98

05/10/2024

Using IDITs to reduce taxes and protect assets Want to keep more of your hard-earned wealth in your family's hands? Jeff Chadwick, JD, reveals the power of intentionally defective irrevocable trusts (IDITs) in this article, diving deep into the nuanced world of transfer taxes, estate taxes, and effective strategies to protect your assets. Using IDITs can not only reduce your taxes but also can ensure your wealth is secured for future generations. It's never too late to start planning your estate, but remember, professional consultation is key to tailor the best strategies for you. Read this article from Jeff Chadwick at Winstead, PC, to learn more!
https://bit.ly/3QEQkeA

05/08/2024

IDITs: What advisors need to know
Explore how IDITs can boost the estate planning process and protect your client's wealth while reducing transfer taxes. With shrinking transfer tax exemptions, there's no better time to learn about the benefits of life insurance as part of an overall financial strategy. Read this article from Jeff Chadwick at Winstead, PC, to learn more!
https://bit.ly/4ahP9Zf

05/06/2024

Saving for retirement while saving for your child's education isn't impossible—it just may take a little creativity. For instance, did you know you can use Uniform Gifts to Minors Act (UGMA) or Uniform Transfers to Minors Act (UTMA) accounts to help pay for college? Click here for more tips and reach out if you want to chat.

Learn more about the best ways to save for your child's college education while also meeting your retirement goals.

05/03/2024

Most Americans (58%) plan on retiring after age 60.* What’s the first thing you plan to do when you retire?

* https://bit.ly/3UJViJk

05/01/2024

Have you considered the impact that caring for aging parents has on your financial strategy? Tell us your thoughts.

04/29/2024

Both CDs and fixed deferred annuities are considered low-risk investments, but if your goals are more long-term, an annuity may be your better option. From tax benefits to return on interest, make sure you're saving the right way for the goals you want to achieve.

Read the pros and cons of fixed deferred annuities and CDs. Compare taxation and rates of CDs vs fixed annuities, and decide which is best for you.

04/26/2024

You may have the perfect retirement in mind, but when it comes to your savings, it's always a good idea to expect the unexpected. From medical bills to inflation, having a steady stream of income in retirement can ensure your plans don't get derailed. Reach out, and I'll help you come up with a strategy that keeps you on track.

New York Life can help you identify the insurance, investment solutions, and strategies to make your savings last.

04/24/2024

Did you know that the "Great Wealth Transfer” is underway? Up to 15% of American adults expect to receive an inheritance in the next 10 years. However, only 42% feel comfortable managing the wealth on their own. Read even more interesting findings in the most recent Wealth Watch survey from New York Life.

New York Life’s latest Wealth Watch survey finds financial resiliency among American adults, even in the face of high interest rates and rising credit card debt.

04/22/2024

In today’s economy, handling an inheritance and effectively managing its investments has become increasingly challenging. In fact, a significant 58% of adults who are poised to inherit anticipate that inflation will be a substantial or moderate influence on its overall value. Read even more interesting findings in the most recent Wealth Watch survey from New York Life.

We can help you create a temporary, long-term, or permanent life insurance solution that meets your needs and your budget