Many Americans view life insurance policies as a key part of their financial planning. But they tend to think in terms of how the insurance will benefit their survivors after they are in the grave not how it might benefit themselves while they are very much alive.
If that’s the way they see it, though, they may be missing out on an additional way to help pay for retirement – something especially worth knowing if other investments go awry or a pension is non-existent.
“I think a lot of people are surprised to learn that their life insurance policy can help them handle expenses during retirement,” says Gary Marriage Jr., CEO of Nature Coast Financial Advisors (www.naturecoastfinancial.com). “They consider life insurance a death benefit. But it can be a lot more than that.”
Essentially like this, Marriage says: Over the years, a person pays premiums into a permanent life insurance policy with the intent to provide a death benefit as well as cash-value accumulation for as long as the policy remains in force.
If they reach retirement, and aren’t as concerned with the death benefit, they can withdraw from the insurance policy without paying taxes. Usually, you can withdraw up to the amount that you paid in premiums over the years, Marriage says.
Some other advantages include:
• Contribution limits don’t apply. The government puts a limit on how much money you’re allowed to contribute each year to an IRA. So your IRA is going to grow, but not to the degree that you would like. If you structure a life insurance policy so that it’s part of your retirement plan you don’t face those same dollar-amount limits, Marriage says.
• The cash value of the policy grows each year with interest, tax deferred. Investing in or purchasing a tax-deferred vehicle means your money can compound interest for years, free from income taxes, potentially allowing it to grow at a faster rate. And if you’re worried about the stability of the insurance company, the fact is insurance companies are some of the strongest financial institutions in the world.
• When you leave your children the money you’ve accumulated in an IRA, they have to pay taxes on it. But the beneficiaries of a life insurance policy don’t have to pay taxes.
• The federal government will penalize you if you withdraw money from an IRA or a 401(k) before you turn 59½. But if you need some of that life insurance money at an earlier age, you can withdraw without paying a penalty. That’s a big advantage for those who suddenly find themselves in need of cash, but don’t want even more of their retirement savings to disappear into Uncle Sam’s coffers, Marriage says.
About Gary Marriage Jr.
Gary Marriage Jr. is the founder and CEO of Nature Coast Financial Advisors (www.naturecoastfinancial.com), which educates retirees on how to protect their assets, increase their income and reduce their taxes. Marriage is a national speaker, delivering solutions for pre-retirees, business owners and seniors on the areas affecting their retirement and estates. He is an approved member of the National Ethics Bureau, and has been featured in “America’s Top Hometown Financial Advisors 2011” and was selected to contribute to a book with Steve Forbes titled “SuccessOnomics: Power Principles” and became a “Best-Selling Author” as a result. Marriage is also the founder of Operation Veteran Aid, an advocate for war-time veterans and their families.About Gary Marriage Jr.
When you’re a business manager or owner, one of the things that you’re going to pay attention to most closely is going to be inventory. How much of a certain thing you have? How much can you sell? Where do all of your physical products fit with respect to warehousing and distribution? These are extremely important questions, and if you don’t take the time to answer them consistently and cyclically, you may end up with unfortunate financial circumstances.
Invest In Inventory Management
One of the simplest solutions to help you get a bird’s eye view of your inventory at any given point is toinvest in an inventory management system. Typically this is going to be a third-party software package that steps you through all of the processes to do your initial inventory, and then follow along with any sort of trends going into and out of your stock on a real-time basis. Many inventory management programs are largely customizable too, which helps in maintaining a certain degree of efficiency.
Check Your Financial Flow
When inventory comes and goes, each iteration should come with a gain or loss in terms of finances. These financial changes are going to be shown on your income and expense reports. So, if you want to pay close attention to inventory not just in a physical sense, but also in a practical sense, then make sure that at least someone in your company is in charge ofchecking and balancing inventory finances on a daily basis. If anything that looks out of sync at any point, it should immediately be brought to your attention in order to prevent loss along the way.
Factor In Maintenance
Depending on what your inventory is, you may have to factor maintenance into your typical equations. For instance, if you’re selling any kind of a product with moving parts, it may be that there is a shelf-life on basic mobility. For instance, you may have to have maintenance personnel that go through and oils certain parts to keep them from rusting while they’re in storage. There are all sorts of different situations where regular maintenance will keep inventory from going bad.
Make Sensible Warehousing Decisions
Not every company has the ability to store all of its own stock. This is where you have tomake decisions about outsourced warehousing. There are plenty of companies that specialize in storing, packing, and even shipping products. It’s up to you to figure out if it makes more sense for you to have your own warehousing and distribution, or whether you want to outsource it to one of these specialist companies. There are almost an infinite number of factors that can go into making this decision, but whatever you eventually decide on can and will have a major impact on your eventual bottom-line financials.
When starting school sometimes it can be very difficult. Your child will be afraid to go back to school. And going back to school is not only difficult for children, it can be kind of worrisome for parents, also. We all know that the children will be filled with excitement and will have first-day jitters, and the parents are filled with thoughts of “Am I prepared enough?” But, To help eliminate these thoughts, and to help you and your child prepare for the new school year, all you need is a little organization and forethought.
From the cover of Young and Healthy, a mother gets her son ready for school
Here are some back to school tips to kick-start the new year and get you prepared for a fresh start.
Try togetbackintoyoursleeproutine. To help get rid of those stressful school mornings, start a regular bedtime and morning time routine to help prepare your child for school. Begin your usual school sleep routine about a week or so before school starts.
You should shop for school supplies withyour child. To get your child excited about starting a new school year, shop for supplies together. Make sure you let them to pick out their own backpack, lunchbox, etc. This way you will give them a little bit of responsibility, too!
Start a new school routine. Have your child practice getting back into the rhythm of their daily school routine. You can do this by having them wake up at the same time every day, and eat around the same time they would at school. And also about a week or so before school starts, let them do some outside activities where they have to leave and come home around the same time, they would if they were in school. Doing this will definitely help them be rested and ready for the big day.
Be sure and talk to your child early and often. Because It’s never too early to start talking with and listening to your children about the first day of school. Just ask them what they think school will be like and see if they have any specific concerns so that you’ll have time to talk it over the next couple of weeks. It’s totally normal to have first day jitters.
And go and meet the teacher. For the children that’s wondering if they’ll like their teacher is a big source of fear. And also if your child isn’t comfortable in the teacher’s classroom, he or she will be less likely to be ready to learn. But, most often many teachers will make themselves available for a phone call or will return an email if a visit isn’t possible.
According to the Washington Post, economic growth was slow in the United States during the first quarter of 2017, moving along at only 0.7 percent.
The number is a big drop off from the 2.1 percent growth experienced by the nation in the final quarter of 2016 and a long way from President Donald Trump’s promise of 3 percent economic growth during his time in office.
It hasn’t been all bad news on the economic front thus far in 2017. In the wake of what is turning out to be a volatile and unpredictable presidency, the stock market, which usually swings on every little tick of news – economic or not – has been quiet. In fact it continues the steady growth that it has shown for nearly a decade.
Financial adviser Stephen Ng (www.stephenngfg.com) says he doesn’t know how long this strong market performance will continue, but does know it can’t last forever.
“When the market is up, you have to be careful,” says Ng, author of the book 10 Financial Mistakes You Should Avoid. “You need to make sure you have strategies in place for when the market drops
The stock market is one thing Ng will have his eye on as we move into the second half of 2017, along with a couple of other financial related items:
• Inflation. Prices could be going up in the U.S. and the increase could be pretty high if we limit imports or place tariffs on them, as Trump has talked about doing. Ng says the cheapest watermelon costs about $25 in Japan. Compare that to the U.S. where we might pay $5. But if the country clamps down on imports, we might start seeing $25 watermelons ourselves.
• Taxes and IRAs. Trump’s proposal to lower corporate and personal income taxes could provide a historic opportunity for people to convert their traditional IRAs to Roth IRAs. When you retire, you pay taxes on the money you withdraw on a traditional IRA, but you don’t pay taxes on money you withdraw from a Roth. So if taxes are lowered, people should consider taking advantage and convert to Roths. You would pay taxes when you convert, but likely at a lower rate than you might have in the distant future when you retire.
• The stock market. The market has been on an upward swing for the most part of about nine years. What goes up comes down. When the market is up, people need to be careful, but most people become complacent. Do you have a strategy to protect your portfolio when the market has its inevitable drop?
“The most stable approach is generally to maintain a well-diversified portfolio using a strategy appropriate for your time frame, personal goals and risk tolerance,” Ng says.
About Stephen Ng
Stephen Ng, founder and president of Stephen Ng Financial Group, is author of 10 Financial Mistakes You Should Avoid: Strategies Designed to Help Keep Your Money Safe and Growing (www.stephenngfg.com). Ng is a Chartered Life Underwriter, Chartered Financial Consultant and a Certified Estate Planner. He is also an Investment Advisor Representative with SagePoint Financial, Inc., member FINRA/SIPC. He regularly holds financial management, retirement investing and insurance planning seminars at businesses, churches and non-profit organizations.
Modern day digital technology can be found at the heart of almost every recently successful business venture. Without proper knowledge of the tools and capabilities of the internet, a business owner is practically powerless.
Technology has been integrated into almost every part of our lives, personal and professional. It is high time entrepreneurs jump aboard the digital bandwagon, and start learning. Take a moment to take in this short summary, highlighting some of the most relevant tips and tricks for search engine optimization and digital marketing in 2017.
Understand the basics of how Google ranks
Most novice web designers tend to look at the concepts of SEO with the wrong perspective. Beginners see SEO as a quick and easy way to soak up an initial return, but it is quite the opposite in reality.
Search engine optimization takes time and plenty of effort. It is a slow, steady, and painful journey to the top of the rankings. The bottom line in mastering Google’s ranking algorithm is trust.
Google does not trust you, and will not trust you until it sees the appropriate signs of excellence. Even if the content of a website or blog post is quality (like this knowledgeable example), it will not rank high on the search engine results without first meeting the “trust” standards of Google.
Components of earning Google’s trust
There are three main components to earning Google’s ever-coveted “trust” stamp of approval.
Indexed age – Google looks very closely at the indexed age of a website and its internal content. When a site is brand new, it will have a much more difficult time ranking on the first page of Google’s search results. The indexed age of a site is dependant upon the date in which the Google bots discovered the website, not the date in which the site was launched.
Underlying content – The metadata and other underlying content within a site’s design is commonly overlooked. Be sure to fill in all the blanks.
Utilize fewer variations of keywords
The days of oversaturating a page’s content with different variations of the same keywords are over. Google’s RankBrain is smarter than those silly games and can now recognize abbreviations, acronyms, plurals, synonyms, and even answers to general questions.
Practice ethical SEO to avoid penalization
Before attempting to delve into the realm of search engine optimization, it helps to understand what is considered “bad form.” Using one word 90 times on one page to try to rank higher in search results is not good practice. Research other faux pauxs of SEO.
Please Give a Child with Cleft Palate Disease a Second Chance at Life.
Smile train is one of the most productive charities in the world. They leverage every dollar that you give to help the absolute maximum number of children possible. They save millions by using innovative technology and partnering with local doctors so that your donation can do so much. Being born with a cleft in a developing country is truly a curse. Many of these children have problems breathing, eating and speaking. Many are ridiculed, abused and abandoned. But the real tragedy is that all it takes to help these children is a surgery that can cost as little as $250.
I have recently made a pledge to donate $30 to Smile train, which will provide much needed cleft treatment for children who have nowhere else to turn, giving them a new smile and a second chance at life. A few very special friends of Smile Train offered them a generous grant and because of this, every gift yo make will be tripled to help three times as many children born with clefts! But you need to send your gift in as soon as possible, as the challenge offer expires in a month.
Your gift means so much to Smile Train, because, it will be helping lots of sick children get the best care that they really need. Thanks to caring people like you, Smile Train can continue to provide these surgeries to children around the world. Thank you all for caring enough to help! God Bless you all.
Allergies can develop at any age, but most food allergies begin at a young age, and many are outgrown. Environmental allergies can develop at any time. The initial exposure or sensitization period may even begin before birth. Individuals can also outgrow allergies over time. It is not fully understood why one person develops allergies and another does not, but there are several risk factors for allergic conditions. Family history, or genetics, plays a large role, with a higher risk for allergies if parents or siblings have allergies. There are numerous other risk factors for developing allergicreactions.
Morris Hospital- HealthSource Magazine, Marketing Shoots (Yorkville and Newark Clinics)
Do you suffer from allergies?
Yes I suffer from allergies. I have been suffering from allergies ever since I was a young child and I am still suffering from allergies at the age of 51.
What have you tried to relieve allergies?
To try and relieve and or get rid of my allergies, I have been taking over the counter allergy pills. But the pills have not worked well. And also I have tried some home remedies. I ‘ve also used Zyrtec for allergy relief.
Do you see an allergy specialist?
No, I haven’t seen an allergy specialist, yet. But I probably will go and see an allergy specialist, soon, and if my allergies continues to get worse. If the Zyrtec doesn’t work well enough then I will most definitely go and see an allergy specialist to get help. And I know an allergy specialist that is well trained in allergy diagnosing, Dr. Summit Shah, MD. of Columbus, OH. that I would definitely recommend to other allergy patients.
What do you know about allergies?
I know that allergies can make me feel terrible. The constant sneezing, itching and watery eyes, congestion, and the stuffy and runny nose. I know that an allergy involves an exaggerated response of the immune system, often to common substances such as foods or pollen.The immune system is a complex system that normally defends the body against foreign invaders, such as bacteria and viruses, while also surveying for abnormal changes in an individual’s own cells, such as cancer. Allergens are substances that are foreign to the body and that cause an allergic reaction. IgE is the allergic antibody.Allergic rhinitis (nasal allergies) affects roughly 20% of Americans. Between prescription costs, physician visits, and missed days of work/school, the economic burden of allergic disease exceeds $3 billion annually.
Do you know someone who suffers from allergies?
Yes, My niece suffer from allergies and she takes over the counter allergy pills, also. And she has been suffering from asthma and bronchitis, too. She has since been seeing a allergy specialist and he prescribed to her Zyrtec.
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If you are working your way up the corporate ladder, you already know how important continuing education courses are. If you are a human resources manager, this can be a great way to keep up with all the changes in your field. Fortunately, taking the right courses is easier than it has ever been and the companies that offer these courses can be found online, which makes it easier to research them. Whether you are just out of college or a seasoned pro, there are always more things to learn and these classes make it fast and convenient to get the knowledge that you need to move forward with your career.
Knowledge Always Equals Power
There is no such thing as having too much knowledge and since the human resources field encompasses a variety of areas including payroll, employee performance reviews, and employee motivation, the learning has to be continuous if you want to keep up with everything. Professional courses are taught by instructors with experience in the field so they know what they are talking about every time. The courses can include subject areas such as training and development, analytics, performance management, and succession planning. In fact, when it comes to human resources management courses, there are many available options and the companies are continuously coming up with additional courses for you to increase your knowledge of the field that you love.
Taking the Classes Is Easy
The companies that offer these courses make it easy to take them because they are usually offered at a facility that is convenient for everyone. They usually offer lunch, coffee and tea, and snacks and, best of all, the courses are not lengthy. This means that they won’t interrupt your workload too much because most of them last anywhere from four days to three weeks with most being one week in length. They provide lodging recommendations and airport transfers for those students who come from far away and the classes are small and personal enough to make everyone feel comfortable. All of these things are important because professional development classes should always be easy to take, comfortable and relaxing, and, most of all, convenient.
The classes that these companies offer are also provided at different times so if you have a board meeting scheduled for the week that you are interested in, you can check another week and the class will likely be offered then as well. You get a certificate of completion when the class is over and you will make a lot of new friends, have some downtime to enjoy, and, most importantly, come away with great knowledge that is easily applied once you get back to your office. All human resources departments are crucial, regardless of the type of business you have, so taking HR courses regularly means that you are guaranteed to stay up to date with the information that you need to move up in your job. Regardless of your current position or how long you have been with your company, this is a great thing to know.