I dealt with over 150 clients in my career and haven’t found a single reason why someone would need permanent life insurance. All my clients have term insurance b/c I don’t see why anyone would need life insurance forever. I believe someone needs life insurance at the time when they need it most, which is when they have little savings and lots of debt to pay (such as a mortgage). While I protect the client’s income with term life insurance, I also help them save money for retirement by opening IRAs and/or variable annuities or tax-exempt mutual funds. For kid’s education, I use either a 529 Plan, Coverdell, or UGMA. For estate planning, I setup trust funds.
Posts Tagged ‘Reasons’
The Top Five Reasons to Start Your Own Online Business
28
Sep
Having peace of mind. In these economic times there are more people than ever lying awake at night worried about their money, jobs, and future. Perhaps they have already lost their job and are wondering how and where to find another. Some people have a job, dislike it a great deal, but do not want to lose it because they need the money and are worried that they may lose the job that they already dislike! It is time to stop lying awake at night worrying. In just a few hours of searching online you can certainly find a business that is just right for you. It can provide you and your family with an unlimited income and future and the peace of mind knowing that nobody can fire you and that your priceless source of income will stay with you for the rest of your life.
Spending time with your loved ones. People spend far too much time away from their loved ones in the pursuit of earning money. Long commutes to and from their place of employment adds time to the eight hours per day that is needed just to do the work. How many hours per day are spent on the work and commute? Is it nine or perhaps close to ten hours daily? Imagine spending that time around your loved ones!
Doing something you like, or perhaps even love! The internet offers hundreds if not thousands of business opportunities that can be found with a click of a mouse. What do you like, or love, to do? Food, entertainment, books, writing, health, fitness, business, traveling, nutrition, art, music? Take your pick, you can find a good business in any category!
Having no commute and also a lot of tax benefits. Needless to say, your commute in a home based business is simply a stroll over to your computer! The tax benefits resulting from making money online are numerous: You can deduct a certain percentage for the room that you use for your office as well as internet service, phone, and all needed supplies. Keep receipts for all expenses and be sure to consult with your tax advisor.
Having an unlimited future. Just think, there is no ceiling on your income when you work from home and have your own internet business! The sky is the limit on the amount of money that can be made. You never have to have an annual or semi-annual review of your job by your boss, and you get to write your own ticket. You can also fund your own retirement plan in the form of a Simplified Employee Pension (SEP) and variable annuities.
Do not wait another minute. Now is the time to go for your dreams and have the life you have always wanted for yourself and family! Start your own online business today!
Dallas Cove is the author. Are you looking for an excellent online, autopilot money making system with an unlimited income potential? You can find one that is top notch by visiting this website: http://DallasWealth1.com
Variable Annuities and the 4 Potential Reasons to Stay Away
05
Sep
One of the riskiest ventures is investing your money in the stock market. But along with the extreme risk involved, is also has the potential to make you a lot of money. In fact, investing in the stock market can turn out to be one of the most profitable business decisions you’ll ever make if done right.
With so many variables to consider, it is expected that you may have hesitancy to risk your hard-earned cash on a speculative venture in the stock market. The best course of action is to hire a reputable stockbroker to handle your stocks in the beginning. A trained stockbroker can give you dependable stock tips and solid professional advice.
Another good idea is to discuss stocks with an associate or friend with a bit of experience investing in the market themselves. Talking with educated friends and acquaintances can be a good way to get stock advice and knowledge for free.
A well-known stock move is investing in variable annuities using the premium of your insurance. Variable annuities are actually insurance contracts that allow you to invest your premium in mutual fund type investments. While this may seem like a good idea, when you review it more closely, it might be a poor investment.
Here are 4 reasons why:
1. Early withdrawal penalties can cost you a double penalty. When you withdraw your profits, you will be penalized because insurance plans are designed for retirement. When you take money from your premium, it costs you in penalties to the government and to the insurance company itself.
2. The death benefit affects the people you leave behind. If the stocks you hold are down when you die, your beneficiaries receive as much of the investments as you put in. If stocks are up when you die, they are taxed as regular income.
3. Smaller taxes are paid on ordinary investments in mutual funds and stocks which qualify for low capital gains treatment. The gains from investing in premiums, however, are taxed immediately upon withdrawal.
4. When you buy annuities with insurance features, they are actually more costly than regular mutual funds. When an annuity has more insurance features, there are annual fees heaped on top of it. The result is a loss of profits for you.
Another thing to keep in mind is that timing is a key element to successful stock investing. There are specific times that are good to invest and other times that are poor. During times of hardship or national duress, the prices of stocks may be driven down to a discounted rate, but there is no reassurance that such stocks will recover to realize a significant profit. Educating yourself on the company is key in this situation.
The bottom line with regards to investing in the stock market is diversification. The best decision is to diversify where and when you invest your money so you can always realize some type of profit to offset potential losses.
And you should always hire a reputable finance professional to help guide you through the stock market.