Are you really covered with a health plan or Medicaid that will pay you and not just your hospital care? At present time, only Medical covers 55% of long term care costs. But can you qualify for Medical? It is not simple and easy. Most people get denied because their income and assets exceed theContinue reading “Are you really covered with a comprehensive health plan for long term care?”
Tag Archives: CD
Walk away savings, an annuity at 13% return vs 1% CD
An annuity is an investment that provides a series of payments in exchange for an initial lump sum. With this calculator, you can find several things: The payment that would deplete the fund in a given number of years. = $12k The amount needed to generate a specific payment. = $100k The number of yearsContinue reading “Walk away savings, an annuity at 13% return vs 1% CD”
Save your money for long-term growth tax-free
Dear Fellow Saver, Like you, I have taught of saving long-term for retirement since I know that in the absence of a pension or insufficient Social Security, my own retirement income should be supplemented. A pension is a saving for retirement using an annuity, tax-deferred but taxed later on during withdrawal. I am currently workingContinue reading “Save your money for long-term growth tax-free”
3 Threats: become ill,die too soon,live too long with no income
Save, invest and then spend. Young people has time as their greatest asset. Open a wealth accumulation plan to save early. Invest your extra 5%, save at least 6months of your income for emergency and as you age, save from 10-20% of your income towards retirement. Proper asset allocation is very important. Detailed pension –Continue reading “3 Threats: become ill,die too soon,live too long with no income”
Plan for a long life
If we live, long, do we have enough retirement money? If we die young, do we have sufficient estate to leave the next generation to pay for mortgage and other expenses? If we have health threats like stroke, cancer or long term disability, do we have the reserve that will prevent foreclosure of our houseContinue reading “Plan for a long life”
Idle Money no more in 2014
Instead of the 1% bank CDs, there is indexed annuities at 13% Safe and does not participate in the downside of the market, with Zero market risk, only participates in the upside of the market Instead of 50% taxes on withdrawal of 410K or IRA or sale of your business Start now with an IndexedContinue reading “Idle Money no more in 2014”
Saving monthly and walk TALL, get you tax refund now
Your savings affect the way you walk and talk A man with savings, may appraise opportunities in a relaxed way and have time for judicious estimates and not be rushed by economic necessity He can afford to resign in his job, and as such he is more useful and promotable, giving his company the benefitContinue reading “Saving monthly and walk TALL, get you tax refund now”
Key points in retirement plans, min taxes from sale of your business
Can your current CD, mutual funds, tax-qualified retirement plans and 401k provide you with 6 added values listed below? 1. Safety 2. High growth potential 3. Tax-deferred growth 4. Tax-free access during your lifetime 5. An income-tax free benefit will pass to your heirs at death 6. Accept an incredibly large lump-sum of money Reference:Continue reading “Key points in retirement plans, min taxes from sale of your business”