Monday, October 31, 2011
Accelerating Retirement Savings With Leverage
Accelerating Retirement Savings With Leverage
When we access our money, there are only two categories that we can pull money from.
The first is taxable (this includes tax deferred/tax qualified plans): 401(k), 403b,
traditional IRA, and various types of annuities just to name a few. When we begin taking
distributions from this category, some taxes will be due. The second category is income
tax free- the Roth IRA, when qualified distributions are taken, is a well known financial
vehicle in this category. When we take money from this category, we pay NO FEDERAL
INCOME TAXES.
Let us show you how to jump start your savings, in a safe & stable way. Learn how to, as a business owner who may or may not started saving for retirement, have an alternative to a 401k plan.
http://www.globalfd.com/pdf/Article-NationalUnderwriterAcceleratingRetirement.pdf
When we access our money, there are only two categories that we can pull money from.
The first is taxable (this includes tax deferred/tax qualified plans): 401(k), 403b,
traditional IRA, and various types of annuities just to name a few. When we begin taking
distributions from this category, some taxes will be due. The second category is income
tax free- the Roth IRA, when qualified distributions are taken, is a well known financial
vehicle in this category. When we take money from this category, we pay NO FEDERAL
INCOME TAXES.
Let us show you how to jump start your savings, in a safe & stable way. Learn how to, as a business owner who may or may not started saving for retirement, have an alternative to a 401k plan.
http://www.globalfd.com/pdf/Article-NationalUnderwriterAcceleratingRetirement.pdf
Jay R. Jones Estate Planning Introduces "Quick"
Once an important piece of information is gathered or researched, sharing that information is just as important as the details of that information. That is why I am introducing a "Quick" that will "quickly" provide readers through Facebook, Google +, and other social media websites. As always, we ask you to check out our Children Foundation's website: www.louisvilleprospectsfoundation.org
We thank you...
Quick...
Business professionals (lawyers, doctors, accountants, etc.) with personal service corporations are taxed at a flat 35% federal income tax rate. Right now, many personal service corporation owners start looking for year-end tax deductions.
We thank you...
Quick...
Business professionals (lawyers, doctors, accountants, etc.) with personal service corporations are taxed at a flat 35% federal income tax rate. Right now, many personal service corporation owners start looking for year-end tax deductions.
Friday, October 28, 2011
Leaving a Legacy
On this Friday when we are closing up for the week, thinking about the weekend or maybe not even thinking because the week has been tough...take time to think about your legacy you will leave behind!
https://www.foremostadvice.com/pdfservice/ConceptPiece.37cddb00-a44a-40f6-8f30-0aeece0cd049.pdf
https://www.foremostadvice.com/pdfservice/ConceptPiece.37cddb00-a44a-40f6-8f30-0aeece0cd049.pdf
6-tips-to-save-on-your-health-insurance-during-open-enrollment
If you're employer isn't offering things like group disability, cancer, accident policies, they should be...depending on which carrier, it doesn't cost them a dime. And actually it could save them money by offering them to their employees. Open enrollment is approaching fast, be prepared & ask questions.
http://www.lifehappens.org/6-tips-to-save-on-your-health-insurance-during-open-enrollment/
http://www.lifehappens.org/6-tips-to-save-on-your-health-insurance-during-open-enrollment/
Thursday, October 27, 2011
Louisville Prospects Foundation, Inc. for Children
Please check out www.louisvilleprospectsfoundation.org
If you can, please donate or contribute anyway possible...funds always go to the youth. Thanks!
If you can, please donate or contribute anyway possible...funds always go to the youth. Thanks!
Wednesday, October 26, 2011
Monday, October 24, 2011
Saturday, October 22, 2011
Louisville Prospects Foundation presents the 2nd Annual Bluegrass Spring Classic
To find out more visit the link below or visit www.louisvilleprospectsfoundation.org
If you are interested in sponsoring the event, please feel free to contact us through the website. Thank you for your support in advance.
https://www.forefieldkt.com/kt/htmlnl.aspx?type=fca&id=22&mid=203341&iplf=ii&ciid=0
If you are interested in sponsoring the event, please feel free to contact us through the website. Thank you for your support in advance.
https://www.forefieldkt.com/kt/htmlnl.aspx?type=fca&id=22&mid=203341&iplf=ii&ciid=0
Hard Dollars vs. Soft Dollars
If something should happen to you or to your spouse, leaving you or him or her without the income they may provide...would you like to pay for the final expenses, maintain your lifestyle, pay for your children(s) education & pay off debt with hard dollars or soft dollars? What is hard dollars? What is soft dollars? If you are not familiar with either, it is really simple. Hard dollars coming from that income that you wake up every morning and provide for the family you adore. Hard dollars are those dollars that you put in the bank, under the pillow. Soft dollars are what you get when you use pennies to buy dollars for life insurance. What I mean, for $500,000 worth of coverage that may cost you $30, $40, $50 per month for a specified period of time can provide that family you adore the necessary funds to pay for those final expenses, lifestlye, making sure your kids end up in college like you and your spouse wanted, & pay off that debt. Those soft dollars will allow your spouse to concentrate on the things that are important if death comes prematurely. Those soft dollars will allow that grief process to be the primary focus while focusing on the children, instead of worrying how to pay the mortgage, the car payment, burial costs, kids' clothes & education costs. Maybe your kids are not college age and attend private school, if I remember correctly, that can be as expensive as college. Let those costs be asorbed by those soft dollars and keep the hard dollars in the bank or under the pillow. Let those soft dollars work for you while you need to focus on you and yours. If you need guidance, please feel free to contact me. If you need more literature, please feel free to contact me. Don't gamble, while your family is the stakes. Let the soft dollars be that piece of mind you and your family deserve. Whether it is term insurance or permanent insurance, being insured is a priority. And the bottomline, soft dollars are cheaper than hard dollars!
Thursday, October 20, 2011
Wednesday, October 19, 2011
Like to receive a Prospects Financial newsletter once a week?
I give you my word, if you would like to receive our newsletter of a particular topic once per week, you will only receive a newsletter once a week.
Email me at prospectsfinancial@gmail.com to sign up. Again, only one email per week about an important topic. Thank you for reading the blogspot...it is growing.
Email me at prospectsfinancial@gmail.com to sign up. Again, only one email per week about an important topic. Thank you for reading the blogspot...it is growing.
Pay off your mortgage or invest?
I tell clients who when they lose a spouse although your insurance policy will allow you to pay off your mortgage, if you don't have the assets built up and can't adjust to one salary instead of two...what good is a home that is paid off if you can't keep the lights on? If you can and the assets and cash are there, then yes.
https://www.foremostadvice.com/pdfservice/ConceptPiece.a16f3f17-aecf-4a39-a475-478ae90b4acd.pdf
https://www.foremostadvice.com/pdfservice/ConceptPiece.a16f3f17-aecf-4a39-a475-478ae90b4acd.pdf
Great time to buy a home
If you are fiscally responsible, it is a great time to buy a house.https://www.foremostadvice.com/pdfservice/17997810192011_093016.TEMPLATEMAST.pdf
Tuesday, October 18, 2011
Monday, October 17, 2011
National Estate Planning Awareness Week
October
17 through October 23, 2011, is National Estate Planning Awareness Week -
October 17, 2011
| ||||
Saturday, October 15, 2011
Are you a physician or business owner? If so, have you not saved the way you should? Unfortunate but common questions physicians & business owners hear.
The
Physician & Business Owner’s Solution: Accelerated Leveraged Planning
Dr. Jones chose a Accelerated
Leveraged Planning program offered to help him/her quickly fund a life insurance policy that would meet the needs of his family. In July of 20, Dr. Jones implemented a $1,200,000 Accelerated Leveraged
Planning program, borrowing the funds in the form of a commercial
loan. The funds from the loan were placed into an indexed universal life insurance product for Dr. Jones’s personal benefit.
Over the subsequent 10 years, the doctor’s practice paid $372,600 in simple interest on the commercial loan, while the life insurance policy is credited $780,286. The death benefit of the policy, $7,478,400, was more than enough to secure a reliable financial future for his wife and children.
Let Jay R. Jones & his team at Prospects Financial show
you your strategy
That will help create peace of mind, while helping maintain
lifestyle
Should something happen.
Dr. Barnett chose a Leveraged Planning
® program offered
by GFD to help him quickly fund a life insurance policy that
would meet the needs of his family. In July of 2002, Dr.
Barnett implemented a $1,200,000 Leveraged Planning
®
program, borrowing the funds from Global One Financial,
Inc. in the form of a commercial loan. The funds from the
loan were placed into an indexed universal life insurance
product for Dr. Barnett’s personal benefit.
Over the subsequent 10 years, the doctor’s practice
paid $372,600 in simple interest on the
commercial loan, while the life insurance policy
credited $780,286. The death benefit of the policy,
$7,478,400, was more than enough to secure a
reliable financial future for his wife and children.
Friday, October 14, 2011
Do you have an old 401k with an old employer? Is the market volatility too much for your situation or liking? Would you like a 6% Bonus on the balance, Prinicple Guarantee, take advantage of the market without the risk? If the answer to one or more is yes, then let's talk!
https://www.foremostadvice.com/pdfservice/ConceptPiece.8e6c944d-4368-4951-9516-227d20b05789.pdfhttps://www.allianzlife.com/IIG/Content/Documents/Forms_And_Marketing_Materials/SalesTools/ASI-338.pdf
Thursday, October 13, 2011
Wednesday, October 12, 2011
Myths created by Dave Ramsey & Suze Orman
If you listen to these two above when you need life insurance & long term care the most, you may not be insurable. They "preach" buy term, not perm (permanent life insurance) because you can do better putting your cash in an investment tool. First of all, what is safer than life insurance? There has never been a life insurance company that couldn't pay its claims. Never. Secondly, there are permanent life insurance policies that only use the cash build up to keep the policy in force & that are guaranteed throughout your 60's & 70's. Example, a client 22 years old has a 10 year term policy paying $23/month every month for ten years, I put in place through a conversion from the term to a permanent Universal Life Product. The client now has $200k of life insurance for the rest of their life and now pays only $34/month. The thinking is what if the client needs term after he 32 (when the 10 year term runs out) & has become uninsurable along the way? That means Mr. Ramsey, he pays an extremely higher premium IF he/she can get the insurance at all.
Along the same lines is their views on Long Term Care Insurance. Tune in anytime & you'll hear, "You don't need Long Term Care Insurance until your in your 60's. Example of why this is not good advice. Mr. & Mrs. Client, that I just recently did an estate plan for listened to this sort of advice. Now in their 70's and uninsurable, the only exposure in the estate plan is due to not getting long term care in their 50's & 60's. So Mr. Ramsey's advice has created an estate planning problem that will addressed if something should happen & LTC is needed.
You see, while their discipline may be good for us all, their advice may not be great for many. They'll say, "he's selling insurance, of course he wants you to listen." I'll say, they are selling stuff too and want you to listen. If you listen to Dave's advice & follow the "buy term instead of perm & invest the rest," you'll be part of the
10% of his listeners that actually do so!
Point is, don't be left without insurance, you don't know what life has in store for you. Don't buy into this mentality, maybe your investments don't do as well as they are projected (they never do). Long Term Care insurance isn't something we think about everyday, but if you need it, you'll think about it every hour.
Along the same lines is their views on Long Term Care Insurance. Tune in anytime & you'll hear, "You don't need Long Term Care Insurance until your in your 60's. Example of why this is not good advice. Mr. & Mrs. Client, that I just recently did an estate plan for listened to this sort of advice. Now in their 70's and uninsurable, the only exposure in the estate plan is due to not getting long term care in their 50's & 60's. So Mr. Ramsey's advice has created an estate planning problem that will addressed if something should happen & LTC is needed.
You see, while their discipline may be good for us all, their advice may not be great for many. They'll say, "he's selling insurance, of course he wants you to listen." I'll say, they are selling stuff too and want you to listen. If you listen to Dave's advice & follow the "buy term instead of perm & invest the rest," you'll be part of the
10% of his listeners that actually do so!
Point is, don't be left without insurance, you don't know what life has in store for you. Don't buy into this mentality, maybe your investments don't do as well as they are projected (they never do). Long Term Care insurance isn't something we think about everyday, but if you need it, you'll think about it every hour.
Tax Free Retirement Plans
Yes, you heard right, Tax Free Retirement Plans for you. If done correctly, Tax Free Retirement Plans could be much more beneficial to you than your 401k. It can work with Accelerated Retirement Savings with Leverage or the plan can be self funded. I have put together a team that can guide you through the process & provide you with peace of mind, while jumping ahead of what it probably take your 401k two lifetimes to accomplish. Contact me to get started or for information as to a free book offer. I would be glad to help you get started, chances are we are licensed in your state.
Check out our Children's Foundation's Website & Support
The Louisville Prospects Foundation founded in 2010 is dedicated to improving the communities we serve through education, the introduction of fiscal responsibility and health & fitness for our youth.
www.louisvilleprospectsfoundation.org
www.louisvilleprospectsfoundation.org
Tuesday, October 11, 2011
Financial Prescription for Medical Professionals
A good portion of what I do is tailored for Medical Professionals. Medical Professionals need shelters and I have strategies to create such shelters.
https://www.foremostadvice.com/pdfservice/ConceptPiece.fec2767a-68bb-4be9-95e3-64dd4a415c57.pdf
https://www.foremostadvice.com/pdfservice/ConceptPiece.fec2767a-68bb-4be9-95e3-64dd4a415c57.pdf
Monday, October 10, 2011
Friday, October 7, 2011
What you need to know about Life Insurance
Check out lifehappens.org; great resource.
http://www.lifehappens.org/pdf/printable-consumer-guide/life-insurance-pcg.pdf
http://www.lifehappens.org/pdf/printable-consumer-guide/life-insurance-pcg.pdf
Nonqualified Deferred Compensation Plans
Something that I specialize in & have the knowledge & experience in establishing for my clients.
https://www.foremostadvice.com/pdfservice/ConceptPiece.df266280-f041-47da-853b-3c7901427a09.pdf
https://www.foremostadvice.com/pdfservice/ConceptPiece.df266280-f041-47da-853b-3c7901427a09.pdf
Thursday, October 6, 2011
Medicare Prescription Drug Coverage
With medicare open enrollment coming Oct. 15th-Dec. 7th let's visit prescription drug coverage.
https://www.foremostadvice.com/pdfservice/ConceptPiece.afbad07e-b970-4ad7-ae98-7bc620bc1c94.pdf
https://www.foremostadvice.com/pdfservice/ConceptPiece.afbad07e-b970-4ad7-ae98-7bc620bc1c94.pdf
Wednesday, October 5, 2011
Large estates, opting out of the estate tax, have until Tuesday, January 17, 2012, to file Form 8939
Large
estates, opting out of the estate tax, have until Tuesday, January 17, 2012, to
file Form 8939
The IRS announced that the estates of persons who died in 2010 will have
until January 17, 2012 (changed from November 15, 2011) to file various required
returns and pay any estate taxes due.
The IRS also announced penalty relief for certain beneficiaries of these estates on their 2010 federal income tax returns.
This relief is designed to give large estates (over $5 million) more time to comply with key tax law changes enacted late last year.
Revised versions of the estate tax forms are now available on IRS.gov, and the carryover basis form will be released this fall.
IR-2011-76 contains additional details.
The IRS also announced penalty relief for certain beneficiaries of these estates on their 2010 federal income tax returns.
This relief is designed to give large estates (over $5 million) more time to comply with key tax law changes enacted late last year.
Revised versions of the estate tax forms are now available on IRS.gov, and the carryover basis form will be released this fall.
IR-2011-76 contains additional details.
Tuesday, October 4, 2011
Life Insurance Riders that Pay for Long Term Care
Although I favor true stand alone Long Term Care policies for my clients, having some protection from exposure is better than none. And this option can/may be less expensive for many who couldn't afford stand alone policies.
https://www.foremostadvice.com/pdfservice/ConceptPiece.a96b2e3f-a34f-442e-90af-1579747a3aee.pdf
https://www.foremostadvice.com/pdfservice/ConceptPiece.a96b2e3f-a34f-442e-90af-1579747a3aee.pdf
Health Care Reform
Since this will be a major topic with the Supreme Court ruling expected soon, let's re-visit the subject:
https://www.foremostadvice.com/pdfservice/17997810042011_153739.TEMPLATEMAST.pdf
https://www.foremostadvice.com/pdfservice/17997810042011_153739.TEMPLATEMAST.pdf
Sunday, October 2, 2011
2nd Annual Bluegrass Spring Classic
http://www.leaguelineup.com/welcome.asp?url=bluegrassevents
We are looking for sponsors for our 2nd Annual Bluegrass Spring Classic April 20th-22nd, 2012 in Louisville, Kentucky. Sponosrships will include advertising on our social media and involvement in AAU basketball which is national exposure for you as well.
We are looking for sponsors for our 2nd Annual Bluegrass Spring Classic April 20th-22nd, 2012 in Louisville, Kentucky. Sponosrships will include advertising on our social media and involvement in AAU basketball which is national exposure for you as well.
Do-It-Yourself Wills & Trusts
For people who want to avoid paying a lawyer & an estate planner to prepare a will & a trust, and do it themselves...it is not what you put in the will or trust that becomes the problem later, it is what you leave out of the documents that is. It has been my experience that the money you pay the right professionals is well worth the cost to prepare a plan & correct documents with the necessary information that will leave your heirs the way you would have intended if something should happen to you.
http://www.palmbeachdailynews.com/business/estate-planners-to-debate-do-it-yourself-wills-1889861.html
http://www.palmbeachdailynews.com/business/estate-planners-to-debate-do-it-yourself-wills-1889861.html
Saturday, October 1, 2011
Charitable Giving
https://www.foremostadvice.com/pdfservice/ConceptPiece.905976e8-ec78-4c53-b673-b5d58a4d5698.pdf
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