Planning Tools
Reduce current income taxes.
If you are paying more income tax than you want to pay, there may be ways to reduce your tax bill. Congress has provided many programs that provide an opportunity to set aside money without having to pay current income tax on that money. If you are an employee, business owner, administrator or anyone who feels you may be paying too much income tax, you may have an opportunity to save income tax dollars. Contact us today!
Maximize your investment return.
Is your money working as hard for you as you work for your money? Increasing the return on your current investments is one of the most popular solutions we provide. It may be possible to increase your return on a guaranteed basis* or you may want to increase your potential return by using products such as mutual funds or variable annuities.
Variable annuities and mutual funds are sold by prospectus. Their value will fluctuate so that upon redemption it may be worth more or less than their original cost. Carefully consider the investment objectives, risks, charges & expenses of the contract, sub-account(s) and funds before investing. This & other information is contained in the product & sub-account(s) prospectuses available for your registered representative. Read the prospectuses carefully before investing.
* Guarantees are based on the claims-paying ability of the issuing annuity company.
Roll over your 401(K).
When you retire or leave your current employer for a new position, you may be faced with one of the biggest financial decisions of your life: what do you do with the large lump sum of money in your retirement plan? Our associates are trained and experienced to assist you with this difficult decision. We keep up with all of the current IRS rules and regulations and offer you a number of options for your 401(k) rollover dollars.
Reduce your life insurance premiums.
One of the most common questions we are asked is, “Do you think I am paying too much for my life insurance?” Advertisements on television and life insurance products offered through websites and 800 numbers have changed the life insurance marketplace. We were one of the very first financial organizations to offer our clients the same life insurance products being marketed through TV and the Internet. We can provide you with a detailed comparison of your current life insurance plans versus the new, lower-cost products available today. And, we can handle the entire process without the need to meet in person. Email or call us today!
Save for college.
Some parents buy life insurance on their children to fund their college education. Although there may be good reasons to purchase life insurance on children, we recommend using tax-wise and tax-sheltered investment plans that match your risk tolerance to maximize your savings for your children’s education.
Plan your retirement.
When can I retire? Do I have enough money to retire? Should I take my Social Security at age 62 or age 65? These are the questions people approaching retirement age are asking. One of the best questions that I ask in return is, “What are you going to do the second ten years’ of retirement?” We can work with you from your side of the table to use Retirement Modeling software to answer your questions with numbers and graphs. We have many retired clients who have confidence in their future because of the Retirement Modeling process. Call us today to arrange a time to discuss this resource.
Stretch your IRA.
If you would like to see your grandchildren or other beneficiary benefit from your IRA or other qualified plan and would like to defer the tax that would be payable on the lump sum today to be able to transfer it to them, then you will want to learn about Stretching your IRA. This method of setting up your IRA transfer to your grandchildren and other beneficiaries can be a major tax-saving device for you.
Products/Services
Guaranteed Return*
Fixed annuities may offer high current returns and lifetime guarantees. Many clients are using fixed annuities with a very competitive interest rate guaranteed for one, 2, and 3 . . . up to 10 years. Other clients are receiving income that is guaranteed to be paid to them with no reduction in amount over a 5-year or 10-year period (other payment modes are available). Some investors are concerned about having to leave money in a fixed annuity but some of today’s plans have no surrender charges, even in the first year. Call us today to compare the rates of fixed annuities with your CD’s, IRA’s or other investments.
*Guarantees are based on the claims-paying ability of the issuing annuity company.
Taking Some Risk**
Many of our clients are willing to take on some risk of their principal investment to receive the potential of a higher return. Visit with us about the Financial Pyramid and how it can make a difference in the return you are receiving on your savings and investment plans.
**Investment return and principal value will fluctuate, so that the investment, when redeemed, may be worth more or less than the original cost. Mutual funds and variable annuities are sold by prospectus. Carefully consider the investment objectives, risks, charges and expenses of a fund or sub account before investing. This and other information is contained in the prospectus available from your registered representative. Read the prospectus carefully before investing.
How Much Risk?
This is your decision. Our associates are trained to assist you, working from your side of the table, to determine a portfolio that has the amount of risk that is comfortable for you.
Return ON Principal or Return OF Principal?
We often mention this to our clients. Many of our clients prefer to have all guaranteed* products – with a guaranteed return of principal and a guaranteed rate. Other clients want the highest rate of return possible and are willing to risk their principal. We offer plans for both types of clients.
*Guarantees are based on the claims-paying ability of the issuing annuity company.
Fixed Annuities
Fixed annuities are discussed above under “Guaranteed Return.” We believe that fixed annuities are the foundation of a secure financial plan and can be a major part of a client’s investment portfolio depending on the client’s risk tolerance and time horizon. We offer fixed annuities from the leading insurance companies and will provide you with information on plans from several different companies.
Variable Annuities
Variable annuities are a product that gives the client an opportunity to invest in the market and yet still have some guarantees. Variable annuities are sold by prospectus. Their value will fluctuate so that upon redemption it may be worth more or less than their original cost. Carefully consider the investment objectives, risks, charges & expenses of the contract, sub-account(s) and funds before investing. This & other information is contained in the product & sub-account(s) prospectuses available from your registered representative. Read the prospectuses carefully before investing. We can discuss with you the benefits they may provide for your portfolio. Please see the information regarding our Broker-Dealer as listed below.
Managed Money Accounts
We offer a managed money account that has over 1100 different mutual funds and offers six different investment advisors. These accounts give you an opportunity to invest in a number of no-load or load-waived mutual funds within a single account. We can provide you with complete details including brochures and prospectuses.
Mutual Funds are sold by prospectus. Their value will fluctuate so that upon redemption it may be worth more or less than their original cost. Carefully consider the investment objectives, risks, charges & expenses before investing. This & other information is contained in the prospectus available from your registered representative. Read the prospectuses carefully before investing.
FTJ FundChoice,TMLLC is a fee-based mutual fund platform offering no-load and load-waived mutual funds. It is an asset management program that allows clients and financial advisors the ability to develop their own model portfolios or outsource the asset allocation decision to institutional portfolio strategists. FundChoice & FundConnect contain over 1100 fund options from 75 mutual fund families that represent over 92% of mutual fund assets.
Guaranteed Income
A client may want to retire but has five years until they will be eligible for Social Security. In this case, we can invest some of their IRA money into a single-premium immediate annuity and the client will receive a guaranteed*monthly income for five years (other payment modes are available). This is a very popular means of “bridging the gap” until the client is eligible for Social Security.
*Guarantees are based on the claims-paying ability of the issuing annuity company.
Risk and Return Profile
We can help you determine how much risk you are willing to take in your investment portfolio. Designed by professionals, a series of questions will begin the process of determining a portfolio suitable for your time horizon, risk tolerance and amount available to invest.
Your Own Portfolio
A consolidated account information report, or Client Asset Report, which includes all of your investments, is available from your servicing representative. The ability to see all of your plans in one place is one of the most popular services with our clients. The Client Asset Report is provided to all clients at their annual review or upon request. Additional information on individual contracts is available through this website at the Client Service Section.
Full Service Broker/Dealer
Lincoln Investment Planning Inc. (Lincoln Investment) is a full-service broker/dealer and registered investment advisor serrving the diverse financial needs of over 200,000 individual investors representing over $11.5 billion in assets. Lincoln Investment is a leading provider of retirement plans for employees of over 2,500 school districts, universities, hospitals and other non-profit and community-based organizations. We are committed to helping families achieve financial well-being. We do this by applying over 40 years of industry leadership and specialized expertise in the delivery of investment strategies and choices that help our independent financial professionals meet the unique and changing needs of our investors.
Estate Planning
We offer the expertise of a group of associates who specialize in estate planning. This is a sophisticated market and one that requires the involvement of a professional who works with this type of planning on a daily basis. For that reason, when an associate recognizes a client’s need for estate planning, the associate will refer the client to this team of estate planning professionals.
Long Term Care Insurance
We offer the expertise of associates who are trained to provide educational information regarding this very important part of your financial security. Many clients have no need to purchase a Long Term Care insurance policy. However, for those who may have a need, it is important that your situation be reviewed so that you have confidence regarding this potentially critical part of your overall financial security. Our associate will look at your situation, honestly show you how the expenses of LTC might be met through other means and then illustrate a number of policy options if you do have a need for LTC insurance.
Life Insurance
I once heard life insurance described this way: “There will be a day when you walk out the door of your office or out the door of your home and you will not return. But your life insurance policy will be there to meet your creditors, pay the mortgage, pay your remaining medical bills, provide for your final expenses, pay any estate taxes, pay for your children’s education, provide an income for your spouse, assure that your business is transferred according to your wishes and leave your family in a position so they can live in the same lifestyle that they did while you were alive. For this peace of mind, this problem-solver will cost you only pennies per day.” That is a good description.
This is not an offer or contract for insurance. Underwriting according to the company’s guidelines, including an application, is required. Refer to the insurance policy for complete details of the policy you are considering.
Quick Life Insurance Needs Estimate
Obtain a Detailed Life Insurance Needs Estimate and a Free Quote
Term Life Insurance
It is possible to purchase life insurance that will provide a guaranteed death benefit for a period of time such as 10, 20 or even 30 years (other term periods are available). These policies will even guarantee that the premium will not increase during this period. We offer the same products that are advertised on TV and on the Internet. Contact us for a comparison of life insurance plans that will provide protection for your family or business.
This is not an offer or contract for insurance. Underwriting according to the company’s guidelines, including an application, is required. Refer to the insurance policy for complete details of the policy you are considering.
Lifetime Life Insurance
Although cash value life insurance has been available for many years, it is a new type of life insurance plan that is becoming more and more popular with our clients. This life insurance plan charges only the premium necessary to provide the death benefit for the lifetime of the insured. The plan does not charge additional premium to build up a cash value inside the policy. For those who are purchasing the plan for the death benefit, this makes great sense and may reduce the premium cost. These plan have guaranteed premiums and guarantee the death benefit through age 100 or 120. Contact us for information on this new plan of life insurance.
Life Insurance for Children
Although cash value life insurance policies are often purchased as a means of providing for a child’s college education, you may want to consider other methods of saving for this need. Congress has provided parents with substantial tax breaks through the Education IRA and the Education Roth IRA. Contact us for information on providing for your child’s college education.
Life Insurance or Investment?
Our associates are trained to recognize and identify life insurance as a risk management device that has a cost. You might liken this to purchasing insurance on a car or house. You will want to buy the most efficient plan that meets your needs and situation. Our associates are also trained to recognize and identify investments as an asset management device that also has a cost and a rate of return. Again, you will want to buy the most efficient plan that meets your needs and situation. We do not believe that reducing the efficiency of an investment or life insurance product to combine them into one package makes good financial sense for our clients.
**For information regarding any of the above solutions or asset and risk management topics, please contact us by email, phone or by using the Contact Us section of this site. Allen Knox Associates prides itself on being an educational resource for our clients and working to find solutions from the client’s side of the table. We have been working from your side of the table since 1975. We appreciate your continued trust and confidence.
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