https://youtu.be/AL7y2y9KpVY
Are you a business owner who is a family man/woman and worried about how to protect yourself from all things financial? Well, in this episode, our guest Jay Judas shares his years of experience working with Business Owners, Life Insurance Carriers, and High Net Worth Families and some of the things that you should know about such as Offshore Assets, International Travel, Living Abroad, and the strategies to enjoy that lifestyle.
In this episode of The Perfect Plan Podcast™ we have Steve Dark and Joe Sparacio share the basics behind financial planning, and Life Insurance. They share stories on how much Life Insurance do you really need, as well as how and when to set up accounts that protect your family.
This is the episode you want to hear on how to plan for all of your family's "what if's", with money that you would've normally just spent.
If you are a business owner or decision making executive, how would you want to design The Perfect Plan™ to retain and reward your employees? A 401K is terrific for basic retirement savings, but there are limitations to how much you can put in, and it must be given to everyone on a proportional basis.
In this episode, we discuss the decision making process, how you can get the perfect timing of your deductions, and include the people and benefits that are needed most, in the most tax efficient manner. No two companies are alike, and neither should your plans be.
Come and listen to this podcast as we lay it out for you.
https://youtu.be/jKzJWj8SbRQ
Are you a fan of Arli$$ the TV Show? Do you remember what the premise was? It was about a glitzy sports agent played by Robert Wuhl who is in the big-money world of professional sports and entertainment, playing the eternally optimistic and endlessly resourceful L.A. sports agent Arliss Michaels, whose Achilles' heel is his inability to say "no" to clients and employees.
In this episode, we have the pleasure of sitting down with the man that the show was based off of, Dennis Gilbert of Paradigm Gilbert (a Higgenbothom Partner), as he goes into how Bobby Bonilla came about, what it was like to get started in the insurance industry, his stint in baseball and how he brought his passion for the game together with the financial services world.
https://youtu.be/iz5oKmVcRns?si=zvo-o7hNFcsTGAnK
This week we get to hear from Dan Murphy and Eric Eklund of The Ridgeback Group as they share the synergy of SEB and RBG coming together. Over fifty years of familial relationships are in this episode. The history, the friendship, and the future of this partnership as part of Ridgeback's "Network of Networks".
You've heard the saying, "Buy Term and invest the difference, right?" Well, in this clip, Tom Hegna explains the BASICS about Whole Life Insurance. When combined with other tax strategies, as well as a Long Term Care Rider which is now a "standard" rider that EVERYONE should add to your policy (if old enough), it becomes an Asset that you can use your WHOLE LIFE.
If you are in your 20's, the concept is compounding. A life insurance policy purchased when young, can do the following:
- Tax Deferred Growth of your money
- Lifetime Insurance Protection
- Guaranteed ability to purchase MORE every few years (without a medical exam)
- Provide a Long Term Care Benefit
- Placed in a trust for "special needs" care of an individual
- Used as a Buy/Sell in the future
- Buy a house and use the cash as a down payment (with repayment to yourself)
- Depending on the product, may also have guaranteed lifetime income (depending on carrier).
Recently the Today Show did a piece on purchasing life insurance and having a will. In this video they explain the Why, How, Costs, Types of Coverage, and who you can buy Life Insurance from.
Writing a will and buying life insurance: What you need to know (today.com)
Did you know that only 31% of people feel like they understand life insurance? Why not get educated and click on our link to the Today Show's clip to learn more. Then, come back and we can help.
In today's post COVID world, are you finding it hard to keep your best people happy, while making sure that you don't overpay the rank and file employees? Well maybe a Phantom Stock Plan, informally funded using key man life insurance, might be an answer.
Check out this sample program from one of our carriers, Guardian. It outlines these benefits in easy, simple to understand discussion pages, and then shows you the cash flow from the business, the benefits provided to the participant and his family in case of pre-retirement death, and the flexibility available to the company in funding this benefit, that, depending on the age and tenure of your employee, can provide a significant supplemental income at retirement that prevents them from leaving for a few extra thousand in compensation
Click on the following link for a copy of a Phantom Stock Sample. Then, if you'd like to a have a custom design done for you or your company, give us a call at 610.292.9330 or send us an email at info@SchiffBenefits.com.