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The Best Physician Retirement Savings Plan
 
05:14
For two years in a row, reports show that nearly half of all US physicians both employed and in private practice are behind where they would like to be in retirement preparedness. The question is what can they do about it? Hi, I’m David Alemian and welcome another edition of The Alemian File. Today I’m going to share with you an overview of a solution to the huge problem of funding your retirement. But first let’s look at one of the big reasons why so many doctors are behind. After all, they make a good living right? Many doctors get a late start to funding their retirement due to a late start in their careers and medical school debt. Whatever the reason, nearly half of all doctors viewing this right now need help catching up, so let me get right to the point. Today, I’m just going to talk concept but first I need you to Open your mind and put yourself into learning mode, because you are about to learn something that is not only remarkable it is absolutely amazing. This is sophisticated, but I’m going to make this very very simple, You financed your medical education,…. you financed the purchase of your home…. You financed your car…. Most large financial undertakings are financed…. Why not finance your retirement? Yes it’s true you can actually finance your retirement? Let’s say we have a 50 year old doctor who is behind on his or her retirement savings. This doctor does not have a lot of time to catch up, because the doctor want to retire at age 65. The doctor decides to put fifty thousand dollars per year into this retirement plan. A very large bank matches that contribution and loans the doctor another fifty thousand dollars per year to put into the retirement plan. So now the doctor has one hundred thousand dollars per year going into this retirement plan. There are no loan applications or loans for the doctor to sign, because the plan itself fully collateralizes the loan. That is because, the savings vehicle for this plan is very special cash value life insurance policy from an “A” rated insurance company. There is always enough cash value in the policy to cover the loan. The doctor does this for five years and each year the bank matches the doctor’s contribution. After the fifth year, the doctor stops… contributing to the plan. Here is the amazing part… In the second five years…. years six through ten, the bank puts the entire one hundred thousand dollars per year into the plan…. So that at the end of the 10 years… one million dollars has been put into the doctor’s retirement plan. That is four times what the doctor has put in. Now the money grows and compounds for the next five years and in year fifteen, the bank gets their money back along with the accrued interest. Here the best part… In this conservative example, starting at age 65 the doctor would enjoy a tax-free income of about sixty thousand dollars per year for life. Some of these plans yield lifetime six figure tax free retirement incomes. Imagine being able to maintain your current lifestyle through retirement and never run out of money. This plan is so safe and secure that even during the banking crisis, these plans were still being approved. This plan works for physicians in private practice and for physicians who are employed. It can be done for a single doctor or a group of doctors. To qualify for this plan the doctor must be age 65 or younger, earn at least one hundred thousand dollars per year…. and be able to qualify for standard life insurance rates. … Oh and if it were a group of seventy or more doctors, everyone in the group is automatically approved for the insurance. You could do an entire hospital full of doctors, a doctor group or even a hospital group and everyone who qualifies and wants to participate could. In summary, this is a safe and secure way for doctors to use leverage to catch up on their retirement readiness.s If you have questions send an email to Questions @ The Alemian File .com I’m David Alemian and Thank you for watching.
Просмотров: 845 David Alemian
David Alemian - The Physician's Retirement Plan
 
05:01
Contact: David Alemian www.PhysiciansRetirementPlan.com. Tel.(760) 231-8788 Email: David@PhysiciansRetirementPlan.com Are you a physician in your 50’s or even mid-60’s wondering how will I ever be able to retire? Are you concerned about not having enough money for retirement? Hi I’m David Alemian, retirement expert. I help physicians just like you enjoy a tax-free retirement income without the risk of running out of money. I’ll get right to the point. You don’t have time to wait and you want the problem fixed. So let's fix it now, because this problem is like cancer, the longer you wait, the worse it gets, and if you wait too long it'll be too late. Here is how others doctors just like you have made it so they are guaranteed never to run out of money in retirement. You financed your medical education, you financed the purchase of your home You financed your car Most large financial undertakings are financed…. Why not finance your retirement? Let’s say we have a 50 year old doctor who is behind on his or her retirement savings. This doctor does not have a lot of time to catch up, because the doctor wants to retire at age 65. The doctor decides to put fifty thousand dollars per year into this retirement plan. A very large bank matches that contribution and loans the doctor another fifty thousand dollars per year to put into the retirement plan. So now the doctor has one hundred thousand dollars per year going into this retirement plan. There are no monthly payments, and there are no loan applications or loans for the doctor to sign, because the plan itself will fully collateralize the loan. That's because, there is always enough money in the plan to cover the loan. The doctor does this for five years and each year the bank matches the doctor’s contribution. After the fifth year, the doctor stops… contributing to the plan. He’s all done. Here is the amazing part… In the second five years…. years six through ten, the bank puts the entire one hundred thousand dollars per year into the plan…. So that at the end of the 10 years… one million dollars has been put into the doctor’s retirement plan. That is four times what the doctor has put in. Now the money grows and compounds for the next five years and in year fifteen, the bank gets their money back along with the accrued interest. Here the best part… In this conservative example, starting at age 65 the doctor would enjoy a tax-free retirement income of about sixty thousand dollars per year for life. Some of these plans yield six figure tax free retirement incomes that are guaranteed for life. Imagine being able to maintain your current lifestyle through retirement and never run out of money. This plan works for physicians in private practice and for physicians who are employed. It can be done for a single physician or a physician group of almost any size. This plan is so safe and secure that even during the banking crisis, these plans were still being approved. So what does the smart money think about this? This is what very wealthy people do. Warren Buffet likes it so much so that he is owns a number of companies that provide these types of plans. You know some people have told me that this plan sounds too good to be true, I mean, a bank lends you money for your retirement plan, and there are no monthly payments and then they wait 15 years to get paid back from the plan itself, there’s no risk to you and then you get income that is guaranteed for life? There’s gotta be a catch right David? Well there isn’t, as a friend of mine whose spent 40 years in the banking industry told me, it’s the safest kind of loan that a bank can make. In summary, this is a safe and secure way for doctors to use financial leverage to catch up on their retirement readiness. Please give me a call at 760 231 8788 The same way the you want to help your patients, I want to help you. Contact me and lets see if whether or not that you’re a good candidate for this of plan. My contact information is next.
Просмотров: 324 David Alemian
Steven Podnos MD, MBA, CFP(R)  on Common Physician Retirement Planning Mistakes
 
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http://physicianfinancialsuccess.com Josh Mettle: Let’s move on to another article that I found very interesting, and that article’s titled Six Common Physician Retirement Planning Mistakes. Would you mind giving us just a brief review of that article and covering a few of the common mistakes that you see physicians making? Steven Podnos: Sure. What I find in general is one of the most powerful ways that physicians and other businesses can build wealth and retirement security is with retirement plans. Because essentially the government is helping you, letting you deduct the contributions that are relatively high tax bracket and then later when you take distributions or paying back in a much lower tax bracket from those retirees and there’s that both arbitrage of tax rates as well as, the fact that your earnings get tax-deferred for so many years. It’s just a spectacular way they build wealth. And so, most physicians and other physician businesses and other businesses have retirement plans, but I’ve seen some big errors that cost them a lot of money. The biggest error is when they go to a bank, or a brokerage company, or a nontransparent investment advisor, and they get put into these plans that have very high costs, again many of which are usually hidden. There will be mutual funds on many of the insurance company brokerage plans that they call it pay-to-play. That it’s well known that these are mutual funds that no one would ever in their right mind buy because of performance and expenses, but they pay the insurance company a fee to be on the platform and then you’re stuck with those choices. I actually see these all the time because I have people that work for big corporations including physicians, and they’re stuck with these terrible choices. http://www.wealthcarellc.com ________________________________ Josh Mettle fairwayphysicianhomeloans.com 801-747-1210 NMLS #219996 CA-DOC #219996 Equal Housing Lender Fairway Independent Mortgage Corporation NMLS Entity ID # 2289 1-800-201-7544 Copyright© 2016 eJLM LTD All Rights Reserved
Просмотров: 45 Physician Home Loans
Retiring Physician
 
05:02
Dr. Leland Lindquist shares his knowledge about how the medical field has changed in the last 40 years.
Просмотров: 196 AM 1240 WJON
Finance Your Retirement Plan
 
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www.DoctorsRetirementPlan.com (760) 231-8788 Hi, I’m David Alemian retirement expert, radio talk-show host, video columnist, and author of the soon to be published book The Physician’s Retirement Plan. You’re watching this video because you’re concerned about the possibility of not having enough money to last throughout retirement. That’s a scary and lonely thought. I’m here to tell you that you’re not alone, because half of all doctors are behind in their retirement savings. It reminds me of when I had testicular cancer. The first time the doctor mentioned the word tumor, it sent a cold chill right down my spine. The next thing he said was that he sees this all the time, and that there is a 99% survival rate. There wasn’t time to wait, I just wanted the problem fixed, so I let him fix it and now I’m cancer free. You're concerned about not having enough money for retirement, you don’t have time to wait and you want the problem fixed. So let's fix it now, because this problem is like cancer, the longer you wait, the worse it gets, and if you wait too long it'll be too late. Here is how others doctors just like you have made it so they are guaranteed never to run out of money in retirement. You financed your medical education, you financed the purchase of your home You financed your car Most large financial undertakings are financed…. Why not finance your retirement? Let’s say we have a 50 year old doctor who is behind on his or her retirement savings. This doctor does not have a lot of time to catch up, because the doctor wants to retire at age 65. The doctor decides to put fifty thousand dollars per year into this retirement plan. A very large bank matches that contribution and loans the doctor another fifty thousand dollars per year to put into the retirement plan. So now the doctor has one hundred thousand dollars per year going into this retirement plan. There are no monthly payments, and there are no loan applications or loans for the doctor to sign, because the plan itself will fully collateralize the loan. That's because, there is always enough money in the plan to cover the loan. The doctor does this for five years and each year the bank matches the doctor’s contribution. After the fifth year, the doctor stops… contributing to the plan. Here is the amazing part… In the second five years…. years six through ten, the bank puts the entire one hundred thousand dollars per year into the plan…. So that at the end of the 10 years… one million dollars has been put into the doctor’s retirement plan. That is four times what the doctor has put in. Now the money grows and compounds for the next five years and in year fifteen, the bank gets their money back along with the accrued interest. Here the best part… In this conservative example, starting at age 65 the doctor would enjoy a tax-free retirement income of about sixty thousand dollars per year for life. Some of these plans yield six figure tax free retirement incomes that are guaranteed for life. Imagine being able to maintain your current lifestyle through retirement and never run out of money. This plan works for physicians in private practice and for physicians who are employed. It can be done for a single physician or a physician group of almost any size. This plan is so safe and secure that even during the banking crisis, these plans were still being approved. So what does the smart money think about this? This is what very wealthy people do. Warren Buffet likes it so much so that he is owns a number of companies that provide these types of plans. You know some people have told me that this plan sounds too good to be true, I mean, a bank lends you money for your retirement plan, and there are no monthly payments and then they wait 15 years to get paid back from the plan itself, there’s no risk to you and then you get income that is guaranteed for life? There’s gotta be a catch right? Well there isn’t, as a friend of mine whose spent 40 years in the banking industry told me, it’s the safest kind of loan that a bank can make. In summary, this is a safe and secure way for doctors to use financial leverage to catch up on their retirement readiness. Please give me a call at 760 231 8788 The same way the you want to help your patients, I want to help you. Contact me and lets see if whether or not that you’re a good candidate for this of plan.
Просмотров: 29 David Alemian
The Shocking Retirement Savings Mistake You're Making
 
02:41
It's important to save for retirement, and 401(k) plans can be a smart place to put your retirement savings. But it's important to use the investment options that 401(k)s provide correctly in order to avoid big mistakes. In the following video, Dan Caplinger, The Motley Fool's director of investment planning, looks at a key mistake that retirement investors are making with target-date funds in their 401(k)s. Dan discusses a survey from Aon Hewitt and Financial Engines that found that more than half don't use target-date funds as one-stop investment choices, instead combining them with other investment options in a way that often leaves them mismatched. As a result, the survey found that investors earn two percentage points less in annual returns than they would with only a target-date fund. Dan concludes that it's important to use your 401(k) properly, understanding the role that target-date funds play and the diversification they offer. Investing made simple: The Motley Fool's essential guide to investing is now available to the public, free of cost, at http://bit.ly/1atRpHZ. This resource was designed to cover everything that new investors need to know to get started today. For your free copy, just click the link above. Visit us on the web at http://www.fool.com, home to the world's greatest investing community! ------------------------------------------------------------------------ Subscribe to The Motley Fool's YouTube Channel: http://www.youtube.com/TheMotleyFool Or, follow our Google+ page: https://plus.google.com/+MotleyFool/posts Inside The Motley Fool: Check out our Culture Blog! http://culture.fool.com Join our Facebook community: https://www.facebook.com/themotleyfool Follow The Motley Fool on Twitter: https://twitter.com/themotleyfool
Просмотров: 432 The Motley Fool
Withdrawing money from retirement accounts
 
05:46
Withdrawing money Now that we've covered how to put money into your retirement account, and how to manage it once it's in there, let's take a look at how to withdraw your money. The government gives up a lot of tax revenue by letting you save through retirement accounts. The government is offering you the carrot of tax deferred savings, but it also has the stick of penalties to deter you from raiding your account before retirement. Penalties for early withdrawal Generally, you cannot withdraw money in retirement accounts until you reach the age of 59.5. If you withdraw funds early, the amount you withdraw is treated as taxable income with taxes due immediately. You also must pay an additional penalty tax of 10 percent of the amount withdrawn. As always, however, there are exceptions and you actually have a good degree of access to your money. Borrowing against retirement account assets In the case of a 401(k), it depends on the plan, but you generally can borrow against your account balance for any reason. You don't have to show any kind of hardship. You normally can borrow up to half of your account balance, up to a maximum of $50,000. The term of the loan is normally five years, and longer if the loan is used to make a downpayment on a home. You generally pay a low interest rate on the loan, and best of all, you usually pay the interest to your own retirement account. 403(b) plans also normally allow borrowing against your account. IRA's are different, however. You can't use your IRA money as collateral for a loan. 401(k) hardship cases with penalty 401(k) plans also allow you to withdraw your money in so-called hardship cases. The definition of a hardship varies from plan to plan, but some acceptable hardships include making a downpayment on a home and paying for college tuition. In these cases you can withdraw your funds before age 59.5, but you still must pay the penalty tax of 10 percent, despite the hardship. 401(k) hardship cases without penalty There are also cases where you can withdraw money from your plan without paying the penalty tax, but these are more drastic cases. If you have large uninsured medical expenses or suffer a disability and cannot work, you can withdraw the money before age 59.5 and avoid paying the 10 percent penalty tax. Also, if you die before age 59.5, your beneficiaries can withdraw the money without paying the penalty. In both cases, however, regular income taxes must be paid. Withdrawing money as an annuity Finally, you can withdraw money before age 59.5 and avoid any penalty if you agree to withdraw the money in a series of roughly equal payments each year. Assume you're 50 and have enough money saved up to retire. You can stop working and receive roughly equal annual payments from your account as determined by IRS tables. You must continue these payments for five years or until age 59.5, whichever is later. You must pay normal income taxes on the annual distributions, but you won't have to pay a penalty. Withdrawing money after age 59.5 We've talked about how to manage money before you've retired, so now let's look at how to manage and withdraw money from your accounts after retirement. After age 59.5 you can tap into your accounts without penalty, but your retirement accounts should be the last place you'll want to look for money. If you have other savings outside of retirement accounts, you'll want to use these other savings first. You'll want to let your money in the retirement accounts grow tax-deferred as long as possible. Forced withdrawals after age 70.5 However, the day will come when you'll have to begin to withdraw money from your retirement accounts. In fact, after you reach age 70.5 you must begin making minimum withdrawals from your retirement accounts according to a set schedule. Unfortunately, you can't let the money grow tax deferred forever. But in most cases when you take the money out after age 59.5, you can take out almost any amount you want, whenever you want. You can take out a big chunk all at once, or you can have your mutual fund send you checks on a monthly basis. If you receive a lump sum from a pension, you can annuitize the lump sum by turning it into a stream of monthly payments for your lifetime. However, you will have to pay income taxes on almost all the distributions that you receive from your retirement accounts. About the only exceptions are if you make non-deductible contributions to your IRA or 401(k). At the end of the year your old employer or the mutual fund will send you a Form 1099-R. This form shows how much you received from your retirement account. The IRS uses this information to ensure that the amount listed on your tax return matches the amount distributed by your mutual fund. Copyright 1997 by David Luhman http://moneyhop.com/scripts/retirement-planning/150-withdrawing-money-from-retirement-accounts
Просмотров: 19782 MoneyHop.com
Aviva's 5 point plan for a better retirement
 
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Aviva supports calls for improvements to how consumers organise their retirement income. Aviva's five point plan sets out key areas for change to ensure people nearing retirement get a better deal. Providing retirees with clear guidance, ensuring medical information is always obtained, and offering competitive annuity rates are central to the changes we want to see. Here, David Barral makes the call for change. For more information visit:  http://bit.ly/LSw6eK
Просмотров: 638 Aviva
How Medicare Works in Retirement
 
00:59
Learn more at www.FinancialEngines.com. The road to retirement includes a healthy you. As you know, Medicare begins at age 65. Certain health conditions and other criteria may qualify a person for Medicare before that age. You must sign up three months before your 65th birthday. You should know the government won't remind you about this important deadline. Medicare has four parts and it covers the majority of your medical expenses. You can buy supplemental insurance to cover some of the things Medicare does not cover. Unfortunately, there are still medical expenses not covered by Medicare or supplemental insurance. Your savings may be the answer to paying for these uncovered expenses. But that means you have to protect your money and manage it carefully so cash is available when you need it. We can help you manage your nest egg now to cover medical expenses later. Video for information purposes only. ©2014. Financial Engines, Inc. All Rights Reserved. No distribution rights granted. Financial Engines® is a registered trademark of Financial Engines, Inc. Advisory services are provided by Financial Engines Advisors L.L.C., a federally registered investment advisor and wholly-owned subsidiary of Financial Engines, Inc. Financial Engines does not guarantee results and past performance is no guarantee of future results. Please note that the information presented on this website is for educational purposes only and does not constitute investment advice or an offer to buy or sell any security or insurance product. Videos utilized on this site should not be construed by any existing or prospective client as a solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.
Просмотров: 6579 FinancialEngines
Retirement plan alternatives for small businesses, 2014
 
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Michael Gray interviews Phil Price of the Price Company about "Retirement plan alternatives for small businesses" for Financial Insider Weekly. They talk options small business owners have for setting up retirement plans and the administration requirements they should expect. http://www.financialinsiderweekly.com
Просмотров: 512 financialinsiderweek
Individual Retirement Account (IRA)
 
04:09
IRAs - retirement plans for everyone Finally, let's talk about the one retirement account that's available to almost everyone, the Individual Retirement Account. The IRA was expanded in the early 1980s with great fanfare. Although IRAs subsequently took some hits in the mid 1980s, they're still important savings accounts, especially for those who have no other retirement plan. In the early 1980s everyone with earned income could contribute the lessor of their earned income or $2,000 to an IRA and deduct that amount from their taxable income. IRA deduction phase-outs The Tax Reform Act of 1986, however, severely restricted the ability of people to deduct their IRA contributions from their taxable income. If you or your spouse are covered by a retirement plan like a 401(k) or a traditional pension, you still can contribute the lessor of your earned income or $2,000 to an IRA. This part hasn't changed. However, your ability to deduct your IRA contribution may be limited. If you're single, covered by a company plan, and your income is over $25,000, your ability to deduct all of the IRA contribution will be phased out. If you're single and make over $35,000 you can't deduct any portion of the IRA contribution. Similar phase-out rules apply to couples covered by company plans with incomes between $40,000 and $50,000. Again, if you have earned income, you always can make an IRA contribution. But if you already have a retirement plan and make too much money, you can't deduct your whole IRA contribution from your taxable income. Should you make a non-deductible IRA contribution So if you're covered by a company retirement plan and can't fully deduct your IRA contribution, should you make a non-deductible contribution? A non-deductible contribution gives you tax-deferral on your future earnings, but you don't get the immediate benefit of deducting the contribution from your taxable income. Because of the lack of immediate tax benefits, and tax complications, I'd recommend that you don't make non-deductible IRA contributions. Instead, I'd suggest you look elsewhere for simpler, better investments. If you aren't contributing the maximum deductible amount to your 401(k) or similar plan, that's obviously the best bet. After that, you might think about paying off your mortgage or see my tape on mutual funds where I discuss another strategy. Don't get confused with non-deductible IRA talk In spite of this admittedly confusing talk about non-deductible IRAs and phase-outs of deductions, remember one thing about IRAs. All that stuff only applies to those who are covered already by a company retirement plan. If neither you nor your spouse are covered by an company plan, you can contribute up to $2,000 to your IRA, and the entire amount is tax deductible. Period. But how do you know if you're already covered by a plan? If you're in a 401(k) or 403(b) or SEP, you're covered. Another way to tell is to check the little box that says "retirement plan" on your W-2 form. If this box is checked, you're covered and your IRA contribution may not be fully deductible. Last minute IRA changes And as we were going to the studio with this script, Congress passed a new law permitting Medical Savings Accounts for employees of small businesses. MSAs allow you to pay for medical expenses on a tax-free basis while saving money for retirement inside a special retirement account. If you're self-employed or work for a small company, you should look into MSAs to improve your medical coverage and save for retirement. Copyright 1997 by David Luhman http://moneyhop.com/scripts/retirement-planning/110-individual-retirement-account-ira
Просмотров: 1641 MoneyHop.com
David Alemian - Inflation  Physician's Retirement
 
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Contact: David Alemian www.PhysiciansRetirementPlan.com. Tel.(760) 231-8788 Email: David@PhysiciansRetirementPlan.com Alemian File – Inflation The AMA Insurance Agency 2013 Report on US physician’s financial preparedness revealed that 48% almost half of all US physicians are behind their retirement plans. The same agency just came out with their 2014 report. This time it is about EMPLOYED physician’s financial preparedness. It's important to note that nearly 60% of all US physicians are employed by a group practice, hospital or medical school and the results are just as disturbing as before, because the trend continues. Once again the report shows that nearly half of all physicians consider themselves behind where they like to be in saving for retirement. Hi I'm David Alemian and welcome to another edition of the Alemian file. In an earlier episode, I introduced you to what I call the Alemian retirement killers. There are five of them taxes, inflation major medical illness, market losses, and late start to saving due to medical school bills. Any one of these can financially kill your retirement, causing YOU run out of money in the middle of retirement. Today I'm going to talk about inflation, I call it the silent killer of retirement. The same way that cholesterol and blood pressure are called the silent killers, because they have no symptoms but the the effects that they have on your body creep up on you over time and take their toll. So is the effect of inflation on your retirement, you don't notice it on a day to day basis, as it quietly eats away at your purchasing power. Over time inflation takes it’s toll on your ability just to maintain your current lifestyle. Eventually, you are faced with the choice of either dramatically cutting back on lifestyle or running out of money. Neither one is a good choice which is why Inflation made the list of the Alemian Retirement Killers. To be accurate and calculate how inflation will affect your retirement we’ll use the long-term inflation rate. Over the last 50 years inflation has averaged 3.33%. At that rate, the cost of most things doubles about every 21 years. What does this mean to you? Whatever it cost you to live now... In about 21 years it should cost you about double. Now remember any fixed costs should be factored in as fixed costs. Here is a shocking example of what inflation will do. A 40-year-old doctor with about $7500 per month in living expenses can expect to spend about $15,000 per month by the time he or she reaches age 61. And that is just last to maintain the same standard of living. But we're living longer, so when this same doctor reaches the age of 82 that Dr. can expect to be spending about $30,000 per month. This doctor would have to plan for a lifetime retirement income of approximately $30,000 per month to reach age 82, and an income of $45,000 per month to reach age 93. Subtract any expenses that will go away (personal debt, medical school bills etc.) Remember, you want to be accurate so only subtract your mortgage if you truly expect to completely pay off your mortgage. And what you have now is a simple way to calculate how much money you will need to stay ahead of inflation. The lesson that I want you to take away is this, One: Add up your monthly living expenses Two: Starting with your age today, Double those monthly living expenses every 21 years. Three: Keep any fixed costs the same and subtract any expenses that will go away (personal debt, medical school bills etc.) The remaining amount will give you a good idea of how much AFTER-TAX money you will need to stay ahead of inflation while maintaining your current lifestyle through retirement. Feel free to email your questions to Questions at The Alemian File . com Watch for future editions of The Alemian File and discover how to build the retirement of your dreams. My Name is David Alemian Thank you for watching.Alemian File – Inflation
Просмотров: 112 David Alemian
Why Medicare Planning is Important to Retirement - Let's Get Down to Business
 
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Curtis reviews the top seven items about Medicare you should know. Medicare is an important aspect of retirement planning. Medicare part A is hospital coverage, Medicare part B is physician and out patient covering 80%. This is why seniors need to purchase a Medicare Supplement policy to cover the other 20%. Medicare part C are Advantage Plans.Medicare part D is a limited drug plan. Medicare pays partial medical expenses like dental, eyes and other items. Heath savings accounts are available for funding through age 65. Funding an HSA account with pretax dollars and the distributions for qualified medical expenses are tax free. Tax management may result in paying less Medicare premium by keeping eligibility for Tier one and two, the lowest premium income means testing for Medicare. Syndicated financial columnist and talk show Steve Savant interviews author, platform speaker and nationally recognized retirement expert Curtis Cloke, adjunct professor at the American College. And as a producer, Curtis is a qualifying member of MDRT and Top of the Table. http://youtu.be/nvLQgDfF0LM
Просмотров: 1148 Ash Brokerage
AT&T Retirement Option through AON Group - Opinion only
 
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This is my personal opinion about the lack of opportunities in the market being offered to AT&T retirees that are eligible for Medicare, since the brokerage firm hired to represent them only offers one or two plans in any given market. And they're not the most cost effective plans for the seniors. For an independent review, contact 1-800-729-9590 http://SeniorSavingsNetwork.org I-M-P-O-R-T-A-N-T L-I-N-K-S Best Medicare Plan Information 1-800-729-9590 Call 24 hrs Our site: https://SeniorSavingsNetwork.org (Secure) Follow us on Facebook: https://www.facebook.com/SeniorSavingsNetwork/ Best Medicare Videos: https://seniorsavingsnetwork.org/bestvideos Subscribe here on Youtube: https://seniorsavingsnetwork.org/youtube Make sure to also click on the BELL icon when you subscribe! Our service is 100% Free and we have the same rates the carriers have, directly, so you get us for free!
Просмотров: 22579 Christopher Westfall
Are You a Boomer Physician Worried about Retirement?
 
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If you are a physician in your 50's or 60's, you may be behind in retirement planning. Vicki Rackner MD, President of www.MedicalBridges.com, points out that safe targeted financial solutions-- like those used by Warren Buffett and financial institutions like banks --can help you get your retirement plans back on track.
Просмотров: 31 Doctor Retirement
Konstantin Litovsky - Shocking Myths of Investment Management for Physicians
 
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http://physicianfinancialsuccess.com Konstantin Litovsky of Litovsky Asset Management specializes in providing financial advice for doctors and dentists and is one of the tiny number of advisors who provide flat-fee comprehensive retirement plan services. Konstantin was recently on our podcast, "Physician Financial Success". You can find us on iTunes. To listen to this interview or any of our other guests, please visit http://physicianfinancialsuccess.com/. http://litovskymanagement.com/ Josh Mettle fairwayphysicianhomeloans.com 801-747-1210 NMLS #219996 CA-DOC #219996 Equal Housing Lender Fairway Independent Mortgage Corporation NMLS Entity ID # 2289 1-800-201-7544 Copyright© 2016 eJLM LTD All Rights Reserved
Просмотров: 84 Physician Home Loans
Financial Planning for Medical Professionals | Aventus Advisors
 
02:41
Learn about financial planning specifically for medical professionals such as custom retirement plans designed to reduce tax liability. Contact Aventus Advisors at http://www.aventusadvisors.com to learn more about the Aventus Wealth Management System.
Просмотров: 71 Jeff Hare
Defined benefit plans
 
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Defined benefit Plans In addition to qualified and non-qualified plans, pension plans also can be divided into defined benefit plans and defined contribution plans. Defined benefit plans are the traditional pension plans usually offered by large, established companies or government employers. Defined contribution plans are newer creations and include 401(k) and 403(b) savings plans. How defined benefit plans work Under a defined benefit plan a company typically makes a promise to provide a certain benefit to employees when they retire. The benefit, defined in advance, usually depends on the employee's salary and the number of years of employment. For example, a company may promise to make payments of $40 per month times the number of years of service. Under this formula a person who retired after twenty years would receive $800 in monthly benefits. Notice the future benefit is defined in advance. Now it's up to the company to contribute enough money and manage the investments well enough to meet these promises. Why defined benefit plans are disappearing These defined benefit programs, however, are becoming increasingly rare. Because they promise a defined benefit, the employer is liable for keeping its promises. If the stock and bond markets perform poorly, the employer must chip more money into the plan to meet its obligations. Defined benefit programs are also expensive to manage. Because benefits are often promised for the life of the worker, defined benefit plans require complex actuarial calculations to ensure the benefits will be paid. Although defined benefit plans are losing their popularity, they still cover tens of millions of workers at large companies and government employers, so let's take a closer look at them. History of defined benefit programs and the PBGC Corporate pensions began to become popular in America in the 1930s and these retirement plans were almost exclusively defined benefit plans. These plans underwent a radical change in 1974 when Congress passed the Employee Retirement Income Security Act after the bankruptcy of a few large companies and the subsequent destruction of their pension plans. With the passage of ERISA, almost all large pension plans had to purchase insurance from a federally chartered corporation called the Pension Benefit Guaranty Corporation. If a company goes bankrupt and the pension plan is underfunded, the PBGC steps in and makes payments to the retirees. However the PBGC doesn't guarantee special early retirement or medical benefits given to retirees, and it doesn't cover defined benefit plans offered by employers with 25 or fewer employees. Check on your pension plan's health So you should be aware of your pension plan's viability. Your company is required to give you an annual summary statement disclosing the pension's health. Each year you should also get an individual benefit sheet which shows what you might get from the pension. Also, companies are required to send notices to employees if the pension funding is less than 90 percent of liabilities. You also can request to see IRS Form 5500, a detailed form which qualified pension plans must file. Public employee pensions Finally, if you're an employee of a state or local government, you may want to look into your pension plan's finances as well. There are about 9,000 public employee pension plans covering 16 million teachers, firemen and other state and local workers. Many of these people are in plans that are seriously underfunded. When Congress passed ERISA to force private employers to disclose information and otherwise protect their pension plans, Congress exempted state and local governments. Politicians have taken advantage of this to use pension plans as a convenient way of buying votes now, while pushing the liability off to future taxpayers. By promising pension increases today, politicians can avoid ugly strikes with powerful unions. When workers retire with increased benefits 20 years from now, the politicians responsible for this shell game will be long gone. This has lead to some seriously underfunded pension plans. Many midwest and New England states have funded only 60 percent of their pension liability. One of the worst offenders is the West Virginia Teachers' Retirement System. It recently had a liability of $3.7 billion, and yet had under $400 million in assets. Of course the worst offender is the federal government, which has an unfunded pension liability for it's workers of hundreds of billions of dollars. If you work for a government agency that has a seriously underfunded pension plan, you should save a little extra money on your own. You'll probably get some kind of pension, but it's doubtful that tomorrow's taxpayers will be willing to pay for untenable promises made by yesterday's politicians. You're lucky if you have a defined benefit plan Copyright 1997 by David Luhman http://moneyhop.com/scripts/retirement-planning/060-defined-benefit-plans
Просмотров: 2689 MoneyHop.com
MEDICAL TOURISM 'EXTRA' | Best of Everything | AARP
 
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Millions of Americans travel outside the U.S. for all kinds of surgery. Here's why. For more ideas and inspiration on living your best life after 50, check out Barbara's weekly columns right here: AARP: http://bit.ly/1cPctx7 BestofEverythingAfter50: http://bit.ly/1bOkql7 Huffington Post: http://huff.to/18v88jv Want to know what Barbara was wearing? Jeans: Uniqlo Skinny Jeans Jacket: Helmut Lang in "Charcoal Grey" Makeup: All makeup by Revlon ColorStay About AARP: AARP is leading a revolution in the way people view and live life after 50. AARP is a nonprofit, nonpartisan organization, with a membership of more than 37 million, that helps people turn their goals and dreams into real possibilities, strengthens communities and fights for the issues that matter most to families such as healthcare, employment security and retirement planning. Connect with AARP Online: Visit the AARP WEBSITE: http://bit.ly/1dAgW3N Like AARP on FACEBOOK: http://on.fb.me/1akoB9b Follow AARP on TWITTER: http://bit.ly/1a4qR40 Follow AARP on PINTEREST: http://bit.ly/1aLhZx6 MEDICAL TOURISM 'EXTRA' | Best of Everything | AARP http://youtu.be/Bz5mRMHNmIw
Просмотров: 1540 AARP
Dave Kanegis on Baby Boomer Retirement Planning
 
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Video for Huffington Post article titled Boomer Retirement Planning -- What Have You Forgotten? huffingtonpost.com/david-kanegis/
Просмотров: 220 Dave Kanegis
3 Easy Ways To Protect Yourself Against Rising Health Care Costs In Retirement
 
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Retirees are worried about rising health care costs. And rightly so. Health care costs have been on the rise in America. According to an AARP study cited in the video above, from 2000 to 2010 health care spending per person has grown at an average rate of 5.6%, compared to inflation of 2.4%. To download your free report that will show you how to protect yourself against rising health care costs in retirement go here: http://www.http://retirementplanningmadeeasy.com/retire-worry-free There may not be much we can do to stop health care costs from rising. But there are things that we are in control of that can help protect us from those rising costs. It goes without saying that staying healthy is important, not only from a lifestyle point of view, but also from a financial point of view. But other than living a healthy lifestyle, there are steps financially speaking that you can take to protect yourself from rising health care costs in retirement. We are in control of our budgets. So let's start there. 1. Make a list of your monthly core expenses and compare that list to your monthly guaranteed lifetime income sources. When I say "core" expenses I'm talking about things you must purchase, like food, utilities, rent/mortgage, property taxes, etc. Since these expenses will be recurring for the rest of your life, you want lifetime income sources to cover them. To download your free report that will show you how to protect yourself against rising health care costs in retirement go here: http://www.http://retirementplanningmadeeasy.com/retire-worry-free 2. Consider a diversified portfolio to fight back against inflation. In the video above you can see what inflation can do to prices over a 25 year time period. Did you know you could be retirement that long or longer? You need to strategy to fight back against inflation, especially health care inflation. A diversified portfolio is one such strategy. 3. Put together your own personal retirement income plan. This plan will show you how much in lifetime income you need, as well as how much cash is a safe amount to have on hand, and how to combat inflation with a diversified portfolio. It is important to focus on what you can control. We are in control of how we spend our money, and how we allocate. By focusing on proper planning you are taking a step in the right direction to protect yourself against rising health care costs. To download your free report go here: http://www.http://retirementplanningmadeeasy.com/retire-worry-free Disclosures: Investment Advisory Services offered through Retirement Wealth Advisors Inc. (RWA) a Registered Investment Advisor. Retirement Planning Made Easy / Tri-State Financial Group and RWA are not affiliated. Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. Past performance does not guarantee future results. Consult your financial professional before making any investment decision. This information is designed to provide general information on the subjects covered, it is not, however, intended to provide specific legal or tax advice and cannot be used to avoid tax penalties or to promote, market, or recommend any tax plan or arrangement. Please note that Retirement Planning Made Easy / Tri-State Financial Group and its affiliates do not give legal or tax advice. You are encouraged to consult your tax advisor or attorney. Annuity guarantees rely on the financial strength and claims-paying ability of the issuing insurer. Any comments regarding safe and secure investments, and guaranteed income streams refer only to fixed insurance products. They do not refer, in any way to securities or investment advisory products. Fixed Insurance and Annuity product guarantees are subject to the claims‐paying ability of the issuing company and are not offered by Retirement Wealth Advisors Inc.
Просмотров: 2609 Retirement Planning Made Easy
Employers Workshop | Designing Your Retirement Plan
 
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Don't miss another event- https://www.career-innovate.com/upcoming-events Career Innovations Upcoming Events - https://www.career-innovate.com/upcoming-events Description: A well designed retirement savings program is a critical component of your organization's employee benefit package -- it's also essential to your ability to attract and retain top talent. A well-defined Retirement Plan should: **Help your employees retire with greater confidence and security **Improve operational efficiency & increase employee satisfaction **Focus it's resources on the objectives that really matter to your employees **Simplify your compliance and administrative process Jerel Harvey with Morgan Stanley Wealth Management and Nick Novoselich with Maxus Plan Solutions will lead the discussion. This workshop will discuss: **Strategies that can improve employee participation, increase deferral amounts, and ensure highly compensated employees are maximizing their retirement savings. **Tools and techniques to evaluate all plan benefits including medical coverage and wellness, retirement plans, insurance coverage, and benefit communication and education. **Creative Plan Design Strategies that includes 401(k), Profit Sharing, 403(b), Money Purchase, and Cash Balance Plans. We know that retirement can be some of the most rewarding years of your life, if you properly planned.
Просмотров: 194 CareerInnovations
Retirement Plan Design Workshop
 
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Career Innovations ONLINE LIVE WORKSHOP Retirement Plan Design Workshop Thursday March 13, 2014 1:00 PM EST WATCH RECORDING- https://attendee.gotowebinar.com/recording/730526877685154306 Visit us at http://www.career-innovate.com OTHER WORKSHOPS- https://career-innovate.com/upcoming-events ABOUT A well designed retirement savings program is a critical component of your organization's employee benefit package -- it's also essential to your ability to attract and retain top talent. A well-defined Retirement Plan should: **Help your employees retire with greater confidence and security **Improve operational efficiency & increase employee satisfaction **Focus it's resources on the objectives that really matter to your employees **Simplify your compliance and administrative process Jerel Harvey with Morgan Stanley Wealth Management and Nick Novoselich with Maxus Plan Solutions will lead the discussion. This workshop will discuss: **Strategies that can improve employee participation, increase deferral amounts, and ensure highly compensated employees are maximizing their retirement savings. **Tools and techniques to evaluate all plan benefits including medical coverage and wellness, retirement plans, insurance coverage, and benefit communication and education. **Creative Plan Design Strategies that includes 401(k), Profit Sharing, 403(b), Money Purchase, and Cash Balance Plans. We know that retirement can be some of the most rewarding years of your life, if you properly planned. Join Career Innovations as we receive insight from Morgan Stanley and Maxus Solutions on designing the most important of your life. Your Future. REGISTER TODAY!!!
Просмотров: 158 CareerInnovations
When is the Best Time to Retire?
 
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www.SafeMoneyAdvisorsusa.com (866) 609-3232 Get Whiteboard Animated Videos like this one for your business here: http://www.jilladdison.com/get-monthly-videos-for-a-low-monthly-rate You might be asking yourself, "When should I retire? Should I retire early or defer it?"Deciding when to retire may not be one decision but a series of decisions and calculations. For example, you'll need to estimate not only your anticipated expenses, but also what sources of retirement income you'll have and how long you'll need your retirement savings to last. You'll need to take into account your life expectancy and health as well as when you want to start receiving Social Security or pension benefits. You'll also want to consider when you'll start to tap your retirement savings. Each of these factors may affect the others as part of an overall retirement income plan. Contact us today to receive a FREE retirement plan that will help you determine the best time for you to retire. http://youtu.be/Q226KtWW_r8
Просмотров: 135 SafeMoneyAdvisorsUSA
Life Insurance Retirement Planning
 
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OJM Group principal Jason O'Dell will define this planning tool and explain why a well-rounded retirement plan should have a portion in cash value life insurance. The presentation includes valuable information on: - Using life insurance as an asset class - Comparing and contrasting life insurance with other investments - Tax aspects of life insurance - Unique features of indexed life insurance ABOUT THE PRESENTER: Jason O'Dell is a principal and managing partner of OJM Group, and a NFLPA Registered Financial Advisor. As an author, his most recent text is the ebook Fortune Building for Business Owners & Entrepreneurs: The Keys to Corporate Structure, Tax Reduction, Asset Protection & Wealth Creation. Jason is an experienced entrepreneur, financial consultant and investment advisor and has worked with high-net worth families, business owner and physician clients for over 20 years. He has conducted financial planning, asset protection and wealth management lectures throughout the nation.
Просмотров: 2597 OJM Group
Small Business Retirement Plans
 
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Design your small business retirement plan to better target contributions and tax deductions.
Просмотров: 22 Odyssey Advisors LLC
Medical Professionals, Retire Early with 3x The After-Tax Income vs Your 401(k) or 403(b) plan
 
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https://retirement-toolbox.com 800-955-7898 Medical Professionals, Are Government Regulations and Taxes getting to you? How about retiring early with 3 times the after-tax income vs. your 401(k) or 403(b) retirement plan? Simply use the secret of the top 10% of America's wealthiest families. It has been known to double, even triple after-retirement income vs. 401(k)s and 403(b) retirement plan. Imagine going from $25,000 per year in after-tax retirement income to $75,000 in tax-free retirement income. The strategy works and it could work for you. The Wealthiest American families use it to avoid taxes and to get rid of stock market losses once and for all. This little known IRS approved strategy that has been called the perfect retirement solution for those who qualify. The Tax-Free Pension Alternative is also known as living benefit life insurance. You or a family member must be insurable to qualify. • You don't lose money when the markets go down, so you are never digging out of an investment hole! • You Share in Market Upside when Markets go up, up to a cap rate currently 13.5% to 16.0%! • You'll Earn Reasonable Rates of Return! • Your Gains are locked in annually, so you never give back profits already earned! • Tax-Free Penalty Free Withdrawals at any age, the ultimate tax shelter! • You can generate a Tax-Free Income You Won't Outlive! New eBook Explains How It Works. It is available for download at http://www.bruceecoxcpa.com/tax-free-iul-ebook.html • So, if you hate paying taxes and hate even more losing money in the stock market, pay close attention. • If you are worried you won't have enough money to enjoy your retirement, this strategy will help you generate a tax-free income you won't outlive. • If you are rolling over money in CDs because you fear stock market losses, with this tax- free retirement strategy, you don't lose money when the markets go down. • If you have not put enough money away for retirement and need a catch up strategy, this strategy could work for you. • When you recognize the tax-free retirement plan can generate 3 to 4 times more income after taxes than a 401(k) or 403(b) retirement plan, you'll want to replace your retirement plan with the tax-free retirement plan. • If you want to implement a gifting strategy for your children or grandchildren, the tax- free IUL is a vehicle that can keep on giving with a lifetime of tax-free income. • If you like the idea of having a tax-free emergency fund to tap as needed, the tax-free retirement plan is for you. • If you would like to be your own bank, funding big ticket items with retirement funds, paying interest to yourself rather than a bank, this could work for you. Fortunately, the tax-free retirement solution addresses all of the above. http://tax-free-income.com http://dependable-income.com http://retirement-toolbox.com
Просмотров: 459 Bruce E Cox
Americans- Living Rich, Retiring Poor with Professor Michael Granof
 
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"I'd like to start off with the good news — and this is about the only good news today. The good news is that you're going to be living longer than your parents or your grandparents," begins Michael Granof. "The question is, can you afford to? For most Americans, the answer is no." Granof, a professor of accounting at the McCombs School of Business with a joint appointment at the LBJ School of Public Affairs, spoke to a sold-out lecture hall at the AT&T Executive Education and Conference Center on March 26, 2014 as part of the Texas Enterprise Speaker Series. Now that the baby boomers are reaching retirement age, the United States draws closer to a retirement crisis. Simply put, the golden years that many Americans have expected may turn out to be more dross than gold.  Retirees may be facing a fiscal tsunami. They have saved far too little in their 401(k) plans to enable them to sustain the standard of living to which they have become accustomed.  The Social Security system, while not in as bad shape as some claim, is unlikely to increase benefits, at least not in the foreseeable future.  The pension plans of state and local governments are significantly underfunded.  Without significant reforms in our health care system that go beyond the Affordable Care Act, medical costs will most probably increase. The ratio of workers to retirees is certain to decrease thereby requiring that an increasing percentage of GDP be directed toward retirees.  We examine the myths and realities surrounding these trends and discuss how they will affect us as both current and future retirees and as taxpayers. Issues that will be addressed include? • Why 401(k) plans have not lived up to their promise • How best to reform public pension systems (and thereby avoid more municipal bankruptcies) • Can you (and your children) expect to receive promised Social Security payments • How reliable is government financial reporting with respect to pensions, Social Security and  Medicare
Просмотров: 49771 McCombs School of Business
Diane's Funny retirement tribute song
 
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Funny farewell video made by operating theatre staff in the UK for a colleague retiring, set to Gloria Gaynor's "I will survive". Made with laughter all the way.
Просмотров: 2497 donna547
#1 Retirement Planning Mistake - Failing to Transition to an Age Appropriate Strategy
 
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Download the free Personal Retirement Workbook: http://retiringwithconfidence.com/retirementplanningworkbook Opps! I forgot to change my retirement strategy Failure to Transition to an Age Appropriate Plan. Seeing a disaster before it strikes can be a huge blessing because it can enable you to avoid it. I am going to show you the #1 mistake retirees and pre-retirees make and what the devastating consequences are to that mistake - for one reason -- so that this never happens to you!
Просмотров: 384 Chris Abeyta
Dr. Doug Carlsen - keys to wealth, savings and finanical mistakes to avoid
 
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http://physicianfinancialsuccess.com Doug Carlsen, D.D.S. retired at the age of 53 after 25 years in private dental practice and clinical lecturing at the UCLA School of Dentistry. Dr. Doug Carlsen retired at age 53 from a 25 year restorative practice. He never produced $1,000,000, yet was able to be financially free at an early age. Doug is now a writer, speaker, and business and personal finance consultant to physicians, dentists, and other medical professionals. Doug shared some of his best advice for dentists and physicians: - The 3 major keys to wealth - The importance of compound interest and having a clear savings plan - The 6 personal habits of super saver dentists and how you can adopt these and improve your financial health - The 3 big financial mistakes to avoid in your 30s and 50s - including the one mistake that can add 5 to 10 more years of work to getting to the goal of retirement. Avoid this one or find a way to minimize its impact! Call (760) 535-1621 to reach Dr. Doug Carlsen http://www.golichcarlsen.com/ Josh Mettle fairwayphysicianhomeloans.com 801-747-1210 NMLS #219996 CA-DOC #219996 Equal Housing Lender Fairway Independent Mortgage Corporation NMLS Entity ID # 2289 1-800-201-7544 Copyright© 2016 eJLM LTD All Rights Reserved
Просмотров: 684 Physician Home Loans
How to get 100% Tax-Free Income In Retirement
 
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Is it possible for you to get tax-free income in retirement? how can you maximize the amount of tax-free income in retirement?, and is this a suitable strategy for you? We answer these questions in this video, and disclose a little known section of the tax code that allows you to use life insurance as a vehicle to receive tax-free income in retirement. Get your FREE Report by sending your request to: anton@thehendlerfinancialgroup.com Depending on your age, life Insurance may just be the best vehicle to establish a retirement fund that will grow steadily over time and provide you with income that is 100% tax-free during your retirement. We explain the reality of paying taxes; the different options for tax free income and why using the Life Insurance option may just be the most effective way to achieve tax-free income in retirement. Taxes and Inflation are one of the biggest concerns that retirees and those people planning retirement have today, and using life insurance in this way will alleviate the concern about future taxes on income and provide more spendable income in retirement. The attached report will reveal in detail, the highlights of using Life Insurance for Tax-Free Retirement Income, namely: no limits on contributions, tax-free income, protection against market losses, contributions ‘linked’ to a market index, gains are credited and ‘locked-in’, income (loans) can be taken at any stage, the remaining death benefit goes to your beneficiaries. To download the full report “How to get 100% Tax-Free Income in Retirement Using Life Insurance” send your request to: anton@thehendlerfinancialgroup.com PS: Please subscribe to our channel above to make sure you receive updates on all future retirement videos. We post new retirement videos like this regularly, so please Subscribe now to get instant updates on our upcoming videos.
Просмотров: 8905 Default Name
Managing Longevity Risk | Just Ask Freeman | Retirement Planning
 
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Find out how you can "keep your money safe" with expert advice from retirement specialist, Freeman Owen, Jr. In order to manage longevity risk, you must carefully plan for your retirement early. By using a professional retirement specialist, your dollars can stretch and work for you! Free consultations at Maryland office ( Financial Sources, Inc.) www.JustAskFreeman.com Tel: 1-866-471-7233 MD, VA, Washington DC
Просмотров: 21 Freeman Owen
The Contractors Plan - How It All Works
 
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Government Contractors face unique challenges when it comes to benefits. Make sure you partner with the expert. We've thought of everything. Imagine a flexible suite of medical, retirement and specialty benefits, supported by easy-to-use online tools. Learn more at: http://www.thecontractorsplan.com.
Просмотров: 6661 The Contractors Plan
David Alemian - Physician Disability and Critical Illness
 
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Contact: David Alemian www.PhysiciansRetirementPlan.com. Tel.(760) 231-8788 Email: David@PhysiciansRetirementPlan.com When critical illness strikes, it can be financially devastating for almost anyone. When doctors are hit by a critical illness…, it can be particularly hard, because for doctors a critical illness can be a career changing event. Hi, I’m David Alemian and welcome to another edition of The Alemian File. You may have heard me talk about what I now call The Alemian Retirement Killers Taxes, Inflation, Major Medical Illness, Market Losses and late start to saving due to medical school bills. Any one of these can financially kill your retirement plans. Today I’m going to talk about major medical illness. These illnesses can kill your retirement during your working years, or they can kill your retirement later on during your retirement years. And there are two types, there are critical illnesses which for this conversation we'll call heart attack, stroke, Cancer, .........ALS disease, ..........blindness, .......end-stage renal failure, or ........major organ transplant …… the big three being heart attack, stroke, or cancer. And then there chronic illnesses, that requires long term care…… the inability to perform two of the six ADL's. Today I'm going to focus on critical illness, and I'll talk about chronic illness in a future episode. You’re a doctor, you know more that anyone that critical illnesses can come out of nowhere and strike without warning. Let me ask you a question… What would happen if You were the one who is stricken with a critical illness, in mid-career. Think about it , you spent all those years in medical school, and in training and building your practice, and then all of a sudden through no fault of your own… It’s over. Because for medical reasons, you could no longer practice medicine. What would happen? How would it impact you and your family? For many of you this would be such a financially catastrophic event that you don’t even want to think about it. The sad truth is that statistically, some of you who are watching this will one day lose your ability to practice medicine, because of a critical illness. Well, that's why you have disability insurance right? But do you have enough? Chances are you don't, ........because with all the other expenses and overhead many doctors go under insured when it comes to disability. So what's the solution? You could build it into your retirement plan by re-directing where you’re putting some of your retirement money and put it into a new type of life insurance called life insurance with a critical illness rider. This type of retirement savings vehicle is making huge gains in popularity largely because of the safety, security and tax-free retirement income that is also associated it. That being said, I’m still amazed that many insurance agents, financial advisors and CPA’s still aren't familiar with it. So what is life insurance with a critical illness rider, anyway? This is life insurance that you don't have to die to take the death benefit. If you are diagnosed with a covered critical illness, you can actually take the death benefit from the life insurance policy, even though you are going to live. With one company that I know of, .......up to $1,000,000 cash tax-free, another company up to 1,000,000 1/2 dollars cash tax-free. You could have two of these policies from two different companies, and if you suffered a critical illness you could have up to two and one half million dollars in cash tax-free, if the policies were big enough. More than enough to launch a new career should you so choose to start one. These types of policies should be part of every retirement plan, because they provide financial protection for you and your family during your career, and then provide tax-free retirement income during your retirement. If you have questions about this or any other retirement issues, send an email to Questions @ The Alemian File .com I'm David Alemian and Thank you for watching.
Просмотров: 51 David Alemian
How to Grow Your Wealth in Times of Economic Crisis: Investing Advice & Personal Finance (2009)
 
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Personal finance refers to the financial management of which an individual or a family unit is required to make to obtain, budget, save, and spend monetary resources over time, taking into account various financial risks and future life events. Waggoner's book: https://www.amazon.com/gp/product/0470401257/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0470401257&linkCode=as2&tag=tra0c7-20&linkId=bb9be99120033eb875d38cb800fdf547 When planning personal finances the individual would consider the suitability to his or her needs of a range of banking products (checking, savings accounts, credit cards and consumer loans) or investment (stock market, bonds, mutual funds) and insurance (life insurance, health insurance, disability insurance) products or participation and monitoring of individual- or employer-sponsored retirement plans, social security benefits, and income tax management. The key component of personal finance is financial planning, which is a dynamic process that requires regular monitoring and reevaluation. In general, it involves five steps: Assessment: A person's financial situation is assessed by compiling simplified versions of financial statements including balance sheets and income statements. A personal balance sheet lists the values of personal assets (e.g., car, house, clothes, stocks, bank account), along with personal liabilities (e.g., credit card debt, bank loan, mortgage). A personal income statement lists personal income and expenses. Goal setting: Having multiple goals is common, including a mix of short term and long term goals. For example, a long-term goal would be to "retire at age 65 with a personal net worth of $1,000,000," while a short-term goal would be to "save up for a new computer in the next month." Setting financial goals helps to direct financial planning. Goal setting is done with an objective to meet certain financial requirements. Creating a plan: The financial plan details how to accomplish the goals. It could include, for example, reducing unnecessary expenses, increasing the employment income, or investing in the stock market. Execution: Execution of a financial plan often requires discipline and perseverance. Many people obtain assistance from professionals such as accountants, financial planners, investment advisers, and lawyers. Monitoring and reassessment: As time passes, the financial plan must be monitored for possible adjustments or reassessments. Typical goals most adults and young adults have are paying off credit card and/or student loan debt, investing for retirement, investing for college costs for children, paying medical expenses, and planning for passing on their property to their heirs (which is known as estate planning). The six key areas of personal financial planning, as suggested by the Financial Planning Standards Board, are: Financial position: is concerned with understanding the personal resources available by examining net worth and household cash flow. Net worth is a person's balance sheet, calculated by adding up all assets under that person's control, minus all liabilities of the household, at one point in time. Household cash flow totals up all the expected sources of income within a year, minus all expected expenses within the same year. From this analysis, the financial planner can determine to what degree and in what time the personal goals can be accomplished. Adequate protection: the analysis of how to protect a household from unforeseen risks. These risks can be divided into liability, property, death, disability, health and long term care. Some of these risks may be self-insurable, while most will require the purchase of an insurance contract. Determining how much insurance to get, at the most cost effective terms requires knowledge of the market for personal insurance. Business owners, professionals, athletes and entertainers require specialized insurance professionals to adequately protect themselves. Since insurance also enjoys some tax benefits, utilizing insurance investment products may be a critical piece of the overall investment planning. Tax planning: typically the income tax is the single largest expense in a household. Managing taxes is not a question of if you will pay taxes, but when and how much. Government gives many incentives in the form of tax deductions and credits, which can be used to reduce the lifetime tax burden. Most modern governments use a progressive tax. Typically, as one's income grows, a higher marginal rate of tax must be paid. Understanding how to take advantage of the myriad tax breaks when planning one's personal finances can make a significant impact. Investment and accumulation goals: planning how to accumulate enough money for large purchases, and life events is what most people consider to be financial planning. http://en.wikipedia.org/wiki/Personal_finances
Просмотров: 4972 The Film Archives
The Retirement Miracle Presentation
 
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Order you Free copy of The Retirement Miracle written by best selling Author Patrick Kelly. www.retirementplanningstore.com/safe-money.html
Просмотров: 4588 Hopwood04
Navigating Your Medical Aid
 
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Talk to a Doctor anytime, anywhere. Dial *120*1019# The average middle class South African family has no retirement plan, no life insurance, and no medical aid scheme in place - and that's worrying! We speak to guest Damian McHugh about the in's and out's of medical aid, why it's important, and how to make it work for you. Watch the Hello Doctor show every Sunday at 14:30 on SABC 2.
Просмотров: 116 Hello Doctor SA
Picking the best term insurance plan
 
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Term insurance is the most compulsory product of all life insurance plans one must buy. Visit www.policybazaar.com for best investment options. Let’s be social. Follow us on: Facebook: https://www.facebook.com/Policybazaar/ Instagram: https://www.instagram.com/policybazaar_in/ Twitter: https://twitter.com/policybazaar Google+: http://plus.google.com/+policybazaar
Просмотров: 29039 Policybazaar
Retirement    Funny How Things Change
 
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Retirement... isn't it funny how things change? My husband Mike is a baby boomer, born just 13 days into the start of the most rapidly growing and successful generation in the history of the world. That generation is now moving into retirement and facing issues with the economy, benefits and medicine that most are likely not prepared to encounter. Maybe the first and foremost concern for you as you pass by the 65-year-old level is the concern for personal health, medical services availability and long-term care. One day you go to bed thankful for the best healthcare in the world, only to wake up to a new concept in the delivery of medical services. Funny how things change. A promise that was made when you were young is now in danger of being taken away, because our government lives without a budget. For many, the accomplishment of our children entering college was a dream come true. We didn't blink at the fact that many colleges were charging more for an education than the graduates would make in a year. Funny how things change. Years pass quickly and the burden of helping repay college loans cut into your savings and your incomes as you worked to help your kids keep their heads above the rising debt. And then there are our parents. Most lived longer than expected to and needed support and care. It is and was not uncommon that we faced the need to provide money for personal care and nursing homes. Kids and parents... expenses we gladly paid out of our incomes and savings. You're familiar with inflation and the cost of living. Like many seniors, we are concerned about our month-to-month expenses... and those with retirement portfolios worry about outliving their money. For those with no nest egg... the situation is even bleaker. Funny how things change. Used to be that benefits and salaries kept up with inflation. Retirement plans that once were the stable backbone of retirees are now under-funded and in danger of folding without notice. Today the stock market is somewhere in the 16,000 range. Heady stuff, if you've been in it for any length of time... but it was just a few years ago that it plunged. It came back, but with everything happening in the world... do any of us feel comfortable with our investments? Funny how things change. The once government bond has lost its shine. Do we still believe that our government cannot or will not go bankrupt? It's easy to look at the world and see storm clouds on the horizon. For a huge number of retirees and soon-to-be retirees, it now means working well past retirement age. The greater percentage of your generation does not have sufficient incomes to sustain the lifestyles they lived prior to retirement. So, what happens? You begin to feel old. The dream of retirement and growing old gracefully begins to fade and you replace your once active lives with inactivity. Funny how things change. For many seniors, life is changing once again. With problems come opportunity. With additional free time comes the chance to learn new skills... although many are less computer savvy than the younger generations, you still rate very high in overall intelligence. You can and will compete! What can you do? First, refocus! You're not helpless. You're able to do far more than work as a greeter, or doing some mundane job making minimum wages. Have you replaced dreaming of the future with fretting about the future? If so, then it's time to change the way you think. Inventory your abilities and determine that you're not going to lose this fight for financial and mental freedom. When you change your focus from victim to victor, you will change the direction of your life. But that's for next blog in this series. Hey, thanks for hangin' out with me this far. This blog is more wordy than I intended. In my next blog, I'll tell you how my husband and I changed the playing field and how we are winning the battle. Funny how things change. Last year we thought we would outlive our savings by a significant number of years. Now we think that won't happen unless we live to be over 100! If you'd like to receive the next blog via email, you can click on the button at the top of this video, and I'll send you the next several blogs dealing with strategies for the retired person. If you'd rather not give out your email, then you'll find the next blogs on the web site address listed below. God bless you today and bring you health and abundance. I am Marlene Sparrow and, until we meet again, I am in His service and yours. Marlene Sparrow M&M Prosperity Team marlenesparrow@gmail.com
Просмотров: 1700 Marlene Sparrow
Money Awesomeness: Retirement Savings
 
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SUBSCRIBE TO CORAL: http://bit.ly/CoralSubscribe Are you saving for your retirement yet... you should be! Swapcations: http://bit.ly/1AaWjsx Bad Financial Habits: http://bit.ly/1mG1fgv Clothing Swaps:http://bit.ly/1yrBfLt Calculate the cost of waiting to invest here: http://www.lifestylecalculators.com/cost-of-waiting-to-invest/ _____ FOLLOW CORAL:    Youtube (@TheCoralChannel):  http://bit.ly/CoralSubscribe Facebook (@CoralDIY): http://bit.ly/CoralDIYFb Twitter (@CoralTV): http://bit.ly/CoralTwitter Instagram (@CoralTV): http://bit.ly/CoralInsta    And be sure to visit on the web at http://bit.ly/CoralWeb _____ Playlists Watch more Sara Lynn here: http://bit.ly/DomesticGeekList Watch more Candice here: http://bit.ly/EdgyVegList  Watch more Eva Redpath here: http://bit.ly/FitInTheCity  Watch more Sarah Bolen here: http://bit.ly/SurvivingYoga Watch more Home Tours here: http://bit.ly/HomeTourPlaylist  And be sure to visit our DIY playlist http://bit.ly/CoralDIY ___________________ A lot of you can speak various languages and even lip read! We’d love help transcribing and translating out captions (CC) to help reach a broader audience. To contribute click here: http://www.youtube.com/timedtext_cs_panel?c=UC1oMom9DVdfeNZqvqHO-LOg&tab=2
Просмотров: 2593 Coral
FERS & CSRS Federal Employee Benefits VEBS
 
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Click to join our facebook page: https://www.facebook.com/vebs.net http://www.vebs.net Click here for FREE Federal Employee Benefits Report for FERS & CSRS retirement systems. Voluntary Employee Benefit Systems provide participants with a detailed understanding of the benefits they are entitled to under the Civil Service Retirement System (CSRS) and/or the Federal Employees Retirement Systems (FERS), Social Security, Medicare, the Thrift Savings Plan (TSP), the Federal Employees Health Benefits Program (FEHB), Long-Term Care Insurance, the Federal Employees Group Life Insurance program (FEGLI), and the Flexible Spending Account Program. All courses can be tailored for only Civil Service Retirement System (CSRS) participants, or only Federal Employees Retirement System (FERS) participants; or a combination class that includes both the Civil Service Retirement System (CSRS), and the Federal Employees Retirement Systems (FERS). Federal employees who attend early in their career are able to make proper, educated plan adjustments to maximize their federal retirement benefits. We understand that budgets are tight. We can help your agency bring this important information to your employees in a number of ways. VEBS has over 20 years of experience counseling civil service employees in the area of retirement benefits. VEBS focuses exclusively on financial, retirement, and estate planning needs of federal civil service employees. VEBS is contracted by the Department of Defense and Homeland security to provide retirement training to employees of the Federal Employees Retirement System (FERS) and the Civil Service Retirement System (CSRS). VEBS counsels and trains employees belonging to the Federal Managers Association, U.S. Military Personnel, Employees Unions, and Employee Associations. VEBS is a member of the National Ethics Bureau, National Association of Insurance and Financial Advisors, qualifying member of the Million-Dollar Round Table, and the Annual National Quality Award. Let VEBS help you or your agency get on track and make the rest of your life the best of your life. Your CSRS and FERS retirement system doesn’t have to be a mystery anymore. You have now discovered the doorway to your CSRS and your FERS retirement system. Welcome to Voluntary Employee Benefit Systems. Your federal benefits specialist with a detailed understanding of each part of your CSRS and FERS retirement system. Our clients include but are not limited to the IRS, CBP, FAA, FDIC, DOD, DOJ and the list goes on… we have federal retirement specialist strategically placed throughout the United States ready to help you with your CSRS and your FERS retirement questions. Are you confused and need answers with your Federal Employees Group Life Insurance (FEGLI), Thrift Savings Plan (TSP), Survival Spouse Benefit (SSB), Military time, or simple need a retirement calculation to see if you are eligible to retire and how much income you will receive; or do you simply need help filling out your retirement paperwork to process out? Regardless, VEBS can help.
Safe Money - Tips to Retire | NewsWatch Review
 
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To learn more, head to http://safemoney.com today. Subscribe to NewsWatch: http://www.youtube.com/subscription_center?add_user=tvconsumerwatch Safe Money is a company that's dedicated to helping pre and post retirees understand basic retirement principals so they're not misled into using the wrong products or working with deceiving advisors. They offer support and product advice to create the best possible retirement plan for each client, and because they're a smaller organization with a great track record, they're able to give customized advice that's unique to each situation.
Просмотров: 1680 NewsWatchTV
Special Needs Trusts - How to Avoid Losing SSI and Government Medical Benefits
 
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Special Needs Trusts - How to Avoid Losing SSI and Government Medical Benefits TomCoxLaw. Call Toll Free at 855-494-7552 or visit: http://m.tomcoxlaw.com/specialneedstrustshome.htm Naming your special needs child/adult directly as a beneficiary on life insurance, a retirement plan or in a living trust, will DISQUALIFY them from Government Benefits. This disqualification can all be avoided with a Special Needs Trust. SPECIAL NEEDS TRUSTS WHAT IS A SPECIAL NEEDS TRUST? A Special Needs Trust is an irrevocable trust set up to leave assets that are protected from the Government and won't disqualify your special needs child from the Government assistance like SSI. You've heard of a Living Trust. That is different. A living trust is a revocable living trust and money left there would be counted as would disqualify your special needs child from Government assistance. A living trust and a special needs trust work hand-in-hand. Let me explain. Say you have three children: Jack, Jill and John. You are a single Mom. You setup a living trust to leave all of your assets to Jack, Jill and John equally (1/3 each). John is now 19 and is fully supported by Government assistance because he has a disability. John has minimal assets and is able to qualify for Federal and State medical benefits. Fast forward and you, the single Mom, passes away. Regrettably, that 1/3 of your Estate (even if only $2,000) will disqualify John off SSI & Medicare as well as State benefits. It will take years for John to re-qualify after he reaches the poverty level. I don’t want this to happen to you. By creating a special needs trust such as John's Special Trust and naming John's Special Trust as the beneficiary in your revocable living trust (rather than John personally), you will preserve John's Government benefits such as his monthly paycheck and needed medical insurance. HOW TO SELECT A SUCCESSOR TRUSTEE FOR YOUR SPECIAL NEEDS TRUST? You and/or your spouse (if married) will be the initial trustees, but you will also name a Successor Trustee. It's important to pick a successor trustee that is somewhere around the same age and one that should be familiar with the situation of the special needs person. It's preferable to pick someone who is good with numbers. The details involved with the Social Security Office and requires the understanding of government benefits calculations. CRITICAL: The successor trustee should be an excellent record keeper. For more information, call TomCoxLaw Toll Free at 855-494-7552 or visit: http://m.tomcoxlaw.com/specialneedstrustshome.htm
Просмотров: 3699 Tom Cox
Army National Guard Retirement Process
 
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http://www.part-time-commander.com/the-retirement-process-in-the-army-national-guard/ Learn the retirement process in the Army National Guard. Five steps to success.
Просмотров: 1168 Charles Holmes
Retired military doctor wins "2014 Country Doctor of the Year" award
 
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Dr. John “Rob” Marsh is no typical doctor. Tirelessness and the confidence to operate alone in a crisis — key requirements for rural physicians — were drilled into him in his previous job as the doctor for the Army’s elite Delta Force antiterrorism unit. Read more: http://www.stripes.com/1.320439
Просмотров: 5790 Stars and Stripes
1st National Bank IRA/HSA
 
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1st National Bank offers many ways to save. An Individual Retirement Account and a Health Savings Account are two ways that offer tax advantages. An IRA is usually used when saving for retirement. The traditional variety is usually tax deductible, while the Roth is generated with after-tax funds. Both can include certificates of deposit as well as many other investment options. An HAS plan is a savings account, created through a health insurance company with pre-tax dollars. Those dollars are set aside for medical costs. The money in an HAS plan can grow because it can be invested or simply remain in an interest-bearing account. If you have questions, just ask any 1st National Bank employee for more information. We're happy to take the time to explain the advantages of any of our accounts.
Просмотров: 4334 Fortifi Bank
When to Retire from the Army National Guard or Army Reserves
 
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http://www.part-time-commander.com/when-to-retire-from-the-army-national-guard-or-army-reserves/ Determine when is the best time to retire. Here are some questions to ask yourself.
Просмотров: 2754 Charles Holmes