An effective tax strategy to minimize the taxes you pay is a critical component to anyone’s overall financial plan.

Using Premium Financed Life Insurance for Tax-Advantaged Income

The purpose of a life insurance policy is to protect and preserve your assets and income in case you or your family suffer a loss (i.e., lose your income, loss of a family member’s income, the inability to work, or other reasons). But did you know that you may be able to use a life [...]

The U.S. Debt Gone Mad!

If you know the truth about America's finances, it should make you mad! Consider that One-fifth of all United States dollars ever printed has entered existence within the past year. A WHOPPING 20% of our new money supply printed within the past year! This craziness has led the Federal Reserve to expand the US balance [...]

Mistakes Government Employees Must Avoid If They Plan On Retiring In 2021-2022

“If you are a federal or state employee planning to retire in the next year, you should waste zero time planning your exit.”- George Politarhos If you are like most federal employees under the Federal Employees Retirement System (FERS), you have numerous things to consider. Many Federal, State, and local employee programs complicate retirement planning [...]

Some Key Points Of President Biden’s Tax Plan

"By focusing on low and middle-income earners, Joe Biden hopes to stimulate a pandemic-ravaged economy. The impact could be significant for higher net worth individuals and corporations."- Jerry Yu. Now that both the House and Senate are in the hands of Democrats, it is likely that President will get more of his tax proposals through [...]

Should You Use Alternative Investments To Increase Your Portfolio’s Diversity And Resilience?

2020 was a year notable for a series of disruptive economic events, dramatic shifts in the way Americans work, and renewed interest in alternative markets, especially those embracing change to maintain relevance. The year began smoothly enough as many asset classes and indices experienced growth from the beginning of the year until around the middle [...]

Are “Hybrid” Policies The Cure For Rising Long-Term Care Costs?

"Even before the pandemic, the senior health care marketplace was experiencing rate increases, capacity shortages, and changes in coverage. The pandemic further deepened these trends." As you plan your eventual exit from the workforce, it is likely your retirement and income planner has talked to you about the need for long-term care insurance. Long-term care insurance allows [...]

How Rising Unemployment Will Affect Retirees

"Rising unemployment has serious implications, even for those already retired." Robert Cannon. As the country emerges from COVID-19-related lockdowns, we are beginning to see more of the economic aftermath, particularly in the form of unemployment. When you are already retired or are close to retirement, it's tempting to feel somewhat insulated from the effects of [...]

What Are Exchange-Traded Funds, And Should You Consider Them For Your Portfolio

"It's been over thirty years since Toronto Stock Market launched the first exchange-traded fund (ETF). Since that time, ETFs have gained popularity and are poised to take over the current mutual fund market." John Ripley What are ETFs, anyway? Created to give individual investors more liquid and tax-efficient products than traditional mutual funds, ETFs were [...]

Most Seniors Will Need Additional Income Streams In Retirement

One of the most common concerns expressed by retirees in financial planning sessions is the fear of running out of money in retirement. As you near the time when you are no longer in the workforce, you might worry about whether your savings will be enough to sustain you once you stop working. The possibility [...]

Establish Your Financial Identity and Thrive

"Knowing who you concern money is a critical component of becoming more successful in life."- Angie Politarhos. Attributed variously to Plato, Socrates, or Aeschylus, the saying, "Know thyself," has popped up in self-help books for hundreds of years. When applied to a person's finances, "Know thyself" has an intrinsic self-help appeal. I mean, after all, [...]