Limited pay life insurance is for an individual who owns a whole life insurance policy but chooses to pay for the total cost of their premiums for a limited number of years. With the limited pay life insurance option, you pay premiums in the first 10, 15, or 20 yearsContinue Reading
Typical tax-deferred or tax-advantage savings plans haven’t proven themselves to be a guaranteed way to help people keep more of their savings protected from the tax man. This is for two reasons. First, the tax bill does come due when account owners withdraw money as income and secondly, because ofContinue Reading
On May 16th we will be launching a brand new site. It’s not changing anything that we’re doing right now, really, but actually expanding our vision to the different stages of life. Each person comes from a unique situation and circumstance, and will need something different as part of theirContinue Reading
This blog was created based on our podcast with Patrick Donohoe and Barry Dyke. Click here to listen to it now! http://thewealthstandard.com/barry-dyke-and-a-risk-free-retirement-episode-138/ Learn from the Corruptness of Wall Street America is in a retirement crisis. The truth is, in 1983 if you worked for a large employer, 83% of theContinue Reading
Baby Boomers have benefitted handsomely from dramatic increases in their home equity over the decades and generous pension plans. But that does not mean they’re riding comfortably into the retirement sunset. Quite to the contrary, Baby Boomers feel the same financial fears as the rest of the population – exceptContinue Reading
If you’re like most Americans who are contemplating retirement, you’re probably wondering how much you need to have saved up to retire. You want to be able to live comfortably in retirement, and to not have to constantly be worrying about whether you’re withdrawing your savings too fast. These fearsContinue Reading
It’s never too late to start planning for retirement. Although you want to start building your wealth as early as possible, you can make a meaningful impact on your wealth no matter what your age, even if you’re approaching retirement. Here are the 10 wealth building strategies you can implementContinue Reading
A century ago, individuals who claimed to be millionaires were part of a rare and exclusive club, but a million bucks today doesn’t go as far—and isn’t nearly as impressive—as a million dollars in 1915. Using a basic annual inflation rate of 3.2 percent, calculations indicate that you’d need overContinue Reading
‘Retirement’ is a buzz word in the financial industry that we don’t like to hear. That is because too often individuals we work with either believe their qualified plans are the repository of all plans, so they’re closed off to better options; or the opposite exists, where individuals realize theirContinue Reading
When you were imagining life at 65, did you think you’d be swimming in debt? Today, it’s more common than not for those 50 and older to be in more debt than even college-bound millennials! Since the Great Depression, the baby boomers have taken more financial hits than any otherContinue Reading