Keep Your Life Insurance in Retirement?
Gonzalo Garcia – In a recent article in Kiplinger Personal Finance, author Evan T. Beach, CFP® AWMA® provides his perspective and answer to the question, If You’re Retired, Do You Still Need Life Insurance? Evan does a nice job at saying “it depends”, gives us the math and then tells the […]
Why The Solo Advisor is a Thing of the Past
Gonzalo Garcia – Every morning I read financial journals and various news publications to keep abreast of what is happening in the financial services industry, and regardless of the day of week or publication I review, the concept of “holistic wealth management” or “holistic financial planning” continues to emerge as […]
Life Insurance: Fees vs Commissions – The Age-Old Battle
Gonzalo Garcia – I am probably going to catch a LOT of grief for this article, but frankly, I really don’t care. I am trying to look at the numbers as impartially as I can and would welcome a math lesson if I have this wrong. For the record, I am a […]
2 Trillion Dollars – LTC Fixed Annuities
Two TRILLION dollars is an unfathomable amount of money. It represents the value currently held inside of deferred annuities, and it is very likely that you have a client (or ten!) that is counted in this sum. Furthermore, a Gallup poll found that 73% of clients who hold nonqualified annuities view […]
QLAC: A Strategy to Reduce Your Clients’ Taxes
Craig Baumgartner – Imagine asking your clients the following question: Sally and Jeff, are you interested in discussing a strategy to reduce your tax bill for next year? Everyone is interested in reducing their tax liability! What if you offered your clients a way to pay less in taxes, while […]
An Alternative Solution To A Roth Conversion
The Motley Fool Embraces the Use of Variable Life Insurance as an Alternative to a 401K – well, not really. In a recent article in The Motley Fool dated July 2, 2023, entitled The No-Brainer Retirement Account that I’d Choose Way Before a 401K, Justin Pope INADVERTANTLY makes a strong case for why a well-structured […]
Leaving or Living a Legacy – What is More Important to Clients?
Conversations that financial planners have with their clients can be tricky. Most financial advisors only talk about “the money” and hope that the recommended planning is put in place so that future generations can continue to reap financial rewards. Other financial advisors, who tend to retain clients for multi generations, expand […]
Sunrise or Sunset?
In a recent LinkedIn post, Caroline Brooks JD, MBA, Head of Advanced Markets at John Hancock, reminded us that we have less than 1,000 days until the sunset of the Tax Cut and Jobs Act (TCJA) doubling of the Estate and Gift Tax Exemption. As many of you know, the […]
Position Yourself for the Generational Wealth Transfer
I must sound like a broken record, and now, I am dating myself …. “broken record?”…Who says that anymore? But I think this is so important to you and your practice that I am going to say/write about this yet again……Positioning yourself and your advisory business for your clients’ and others’ […]
Dead Assets (Literally)
Gonzalo Garcia – As many of you know, I spend a lot of time on the phone with financial advisors assisting them in defining ways to mitigate risks resulting from mortality, morbidity, longevity, and taxes. During a recent call with an investment advisor and one of our AgencyONE risk advisors, […]
Variable Life Insurance as an Alternative to a 401K
The Motley Fool Embraces the Use of Variable Life Insurance as an Alternative to a 401K – well, not quite. In a recent article in The Motley Fool dated July 2, 2023 entitled The No-Brainer Retirement Account that I’d Choose Way Before a 401K , Justin Pope INADVERTANTLY makes a strong case for why a well-structured Variable […]
Are Your Managed Accounts at Risk?
As a Partner at AgencyONE in Bethesda, Maryland and one of the Co-Founders of The Insurance Network for Fiduciary Advisors (IN4FA), I have gratefully been serving financial advisors for 40 years by helping them preserve managed accounts, reduce the morbidity, longevity, mortality, and tax risks from their client’s financial plans. […]