Background: Long-term care coverage will pay for qualified Long-Term Care (LTC) services that are required by a chronically ill individual and provided by a plan of care prescribed by a …
A Time to Die
Background: Clients with Universal Life (basic chassis) don’t often realize it, but there is a “time to die” that is best “financially speaking” for them. Our Case: We recently had …
Is Investing Like Farming?
Background: Clients often hear about a great performance for the current year and wonder why their account isn’t doing as well. Our Case: Client called concerned about their account not …
Tax Efficient Giving
Background: We have a successful business client that finds its owners wanting to do as much as possible for the charities that exist in their community. Both owners give of …
Buying Bonds without Buying Bonds
Background: Clients were moving through our PathWise™ Comprehensive Financial Planning Process. After evaluating their goals and objectives, a certain level of non-retirement (or non-qualified, as industry jargon would title it) that …
Achieving Retirement Clarity
Background: Many financial processes and products are designed for people who are nearing retirement. Why is this? Well, a famous bank robber was once asked, “Why do you rob banks?” …
To Convert or Not?
Background: A client had a large retirement account with $1,000,000 of value (100% in a deferred tax IRA) and this is the only asset that he owns that could be …
Giving it Back
Background: In most of our communities, many organizations reach out to local businesses to support their not-for-profit efforts. Most, if not all, are a good cause but it’s difficult for …