10 Things Life Insurance Beneficiaries Should KnowIf you know you’re a beneficiary on a life insurance policy, you have protection for your financial future. Life insurance is often purchased to make sure that family members can pay bills, go to college or even support a family business if the …
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Low Rates Aren’t Going Anywhere. Here’s What That Means for Retirement Planning.
Low Rates Aren’t Going Anywhere. Here’s What That Means for Retirement Planning.Low interest rates are bad for households with assets, but good for households with liabilities (loans). For example, I was able to recently refinance my mortgage. So, although the asset part of the balance sheet isn’t …
Put Those RMDs Back. Now.
Put Those RMDs Back. Now.While there are exceptions, taking advantage of the chance to return 2020 RMDs can create outsize tax savings for many clients. But the deadline is fast approaching.The deadline for fixing required minimum distributions (RMDs) that came out of client accounts prior to the …
Why High-Net-Worth Boomers Should Consider Gifting Their Estates In 2020
Why High-Net-Worth Boomers Should Consider Gifting Their Estates In 2020The U.S. is on the verge of the largest generational wealth transfer in history. Over the next two decades, millennials are set to inherit $30 trillion from boomers, America’s wealthiest generation. Like almost everything else, …
What Is A Hybrid Life Insurance /Long-Term Care Combination Plan?
By Bill Monte, CLU, ChFC, CLTC, LTCP, RICP There are a number of things that you shouldn’t take gambles on in life, like your retirement savings, how you raise your kids, or especially your health. Unfortunately, many Americans do take one particular risk with their health, possibly without even …