All Posts By clientfocusedadvisors

Social Security Timing, Your Guide On When and What to Do

Despite recent warnings that the social security system will be unable to provide benefits in the future as a result of a drying up pool of funds, social security currently accounts for 50% of retirement income for more than half of Americans aged 65 and up, and 90% of income for a quarter of the…
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Retirement Plans for Dummies

Let’s be honest, retirement planning is not the most exciting topic in the world. Considering the number of acronyms and tax implications of different accounts and benefits options, it’s no wonder that many people wait much longer than they should start thinking about their retirement plan. Despite the fact that half of working adults agree…
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Properly Structured Whole Life Insurance, Your Guide

When looking for an overfunded life insurance policy.  It’s important to know that you have opted for a Properly Structured Whole Life Insurance policy. There are 5 simple ways to spot a Properly Structured Whole Life Insurance product It should contain a Paid up Additions Rider There should always be a Term Rider It should…
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How Much Money Do You Need to Retire Comfortably at Age 65?

It’s not hard to understand that retirement savings need to be relatively large in order to live sustainably and achieve each goal you have set out for yourself once in retirement, but understanding exactly how much is a little bit harder to conceptualize. Understanding how much you’ll need to comfortably retire takes a fair amount…
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Can You Exclude Employees From a SEP IRA?

Individual Retirement Accounts (IRAs) are one of the most popular forms of tax-deferred retirement savings accounts. While Traditional IRA accounts are individual (non-employer sponsored) retirement accounts, SEP IRAs behave a little differently. Simplified Employee Pension (SEP) IRAs are tax-deferred retirement plans for individuals who are self-employed, own a business, employ others, or earn freelance income.…
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401 k for small business

401(k) For Small Business Owners, Ultimate Guide

Now more than ever, benefits packages offered by workplaces are one of, if not the most important factor by which employees seeking work will make a determination for their place of employment. With our country’s youth increasingly preferring an increase in benefits as opposed to base compensation rates, 401(k)s are one of the most popularly…
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what is buy sell agreement

What is a Buy-sell Agreement, Your Guide to Making the Right Choice

Business development takes years of careful cultivation and oversight by those that form and own businesses. At the end of the day, the financial strength of a company is only as strong as the quality of the management team that helped it to get there. When circumstances such as death, sickness, or retirement leave an…
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Top 5 Medicare Planning Insider Tricks & Tips for Retirees to Consider

Welcome to our resource on Medicare Planning – An A to Z Guide for the Financial Layperson. We believe that you will find this guide not only informative but at times entertaining as well. When creating this guide, we worked with many different experts on Medicare, including licensed insurance professionals, Social Security administration personnel, in…
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Teacher Pension vs 401k, What is Best?

Unique to the many occupational fields that Americans work in are a variety of retirement plan account options available to them. While the most popular form of retirement plan in the private sector is the 401(k), a number of occupational fields including teachers, police officers, government officials, insurance employees, and nurses are given the option…
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Term Life Conversion | Essential How-To Guide + Alternatives

As your term life insurance policy nears its expiry date, you will want to explore your coverage options – including whether your policy includes a conversion privilege. Financial needs and goals change, and it’s a good idea to have your life insurance policy reflect your current obligations. For example, many term policyholders: Now need lifetime…
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