Introduction to Retirement Planning Understanding the importance of retirement planning is the first step in securing your future. But how do you start? One crucial aspect is estimating the income you’ll need during retirement. This task can be complex and varies greatly depending on individual goals and other factors. Starting with Your Current Income The …
Estimating Your Retirement Income Needs: A Comprehensive Guide Read More »
Life insurance is a cornerstone of financial planning, offering peace of mind that your loved ones will be financially secure after you’re gone. However, many are unaware that life insurance proceeds can be significantly reduced by estate taxes, leaving less for your family than you planned. This is where an Irrevocable Life Insurance Trust (ILIT) …
Navigating Estate Taxes with an Irrevocable Life Insurance Trust (ILIT) Read More »
Memory loss can be a concerning issue, especially as we age. While it’s common to forget where we’ve placed our keys or the name of a new acquaintance, it’s important to recognize when memory loss might be a sign of something more serious. This article explores when and why you should seek help for memory …
Understanding Memory Loss – When It’s Time to Seek Help Read More »
New Life for Your Old Insurance Policy Life insurance can serve many valuable purposes. However, later in life — when your children have grown, you’ve retired, or you’ve paid off your mortgage — you may think you no longer need to keep your coverage, or perhaps your coverage has become too expensive. You might be …
Can I deduct premiums paid for long-term care insurance (LTCI)? It depends on several factors. Your LTCI contract must be a qualified one, you must itemize deductions on Schedule A of IRS Form 1040, and the total of your medical expenses (including your LTCI deduction) must exceed 7.5 percent of your adjusted gross income (AGI). …
Things to Know About Life Insurance We inform, help and support the creative community Policies differ widely. Term life insurance pays out a death benefit if you die within the specified period, often 20 or 30 years. Because it only pays for untimely deaths, it is less expensive. Permanent policies, whole or universal, cost more …
