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 for businesses, schools and some non-profits that provide an opportunity to set aside money without having to pay current income tax on that money. Any growth is tax deferred until withdrawn. Withdrawals are taxed as ordinary income in the year received. Contract and/or Tax penalties for early withdrawal generally apply and if made before age 59 1/2 are generally subject to an additional 10% federal tax penalty. You should consult your legal or tax advisor for information concerning your indivudal situation. 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 current income tax dollars. Contact us today!

Potential for higher investment returns.
Is your money working as hard for you as you work for your money? The potential for ncreasing 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 the potential for higher returns 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 from 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. There are several factors to consider if this is in your best interest. And, we can handle the entire process. 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 benefitted 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.