Category Archives: Retirement

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Vesity Financial merges with NorthPointe Insurance

I’m excited to announce the merger of my company with a regional leader in group benefits, NorthPointe Insurance. This partnership enables me to offer my clients full-service benefits planning and increased customer service. NorthPointe brings considerable expertise in the areas of workers compensation, liability and property and casualty, along with a history of excellence in providing defined […]

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Banking on Babylon

You’ve heard of banking on yourself? Well here’s a free ebook that’s even better. A savvy client recently reminded me of this classic financial book which I hadn’t thought about in many years. Generations ago, it was a bestseller which banks, financial planners and insurance companies gave away to customers, though this same lot has long […]

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Case Study: Crohn’s Disease and IUL

A friend sent me this brief story about his recent experience with a new client.  I feel it’s worth sharing with you… Tim is a 41-year old successful hedge fund manager with a wife and three young kids. And he has no life insurance at all. Why? In college, Tim was diagnosed with Crohn’s Disease. […]

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Greasing the Markets

The bulls bounced back this past week as futures speculators bid up the price of oil, which closed on Friday at over $52.00 per barrel. The broad US indices rode the coattails of oil, producing their best weekly performance in awhile. Last week the S&P 500 Index gained over 3%, the Dow rose nearly at 4%, […]

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Don’t pull that lever!

Are you or someone you know about to file for Social Security benefits? I wouldn’t if I were you… at least not until you first learn how to maximize your benefits. You may recall that last year I began offering a new service to my clients and the community.  Myself and a small team of […]

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Reading the Market

Worth the read: These guys may not know where the market is headed, but their opinions are entertaining and informative, so here ya go!…. Strong dollar weighs on US results published by US Equities This Is a Flash Crash Waiting to Happen published by TheStreet Don’t Expect 7% Returns Like Your Dad Did; The Long View for Stocks  […]

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Running on fumes

Are declining gas prices bad for the Markets? The past few weeks have seen an acceleration in the drop in the price of crude oil, with the expected contagion just beginning to work it’s way through the global financial system. At the closing bell last Friday, the S&P 500 Index had posted a weekly loss […]

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Buying Life in 2015

Some fairly significant changes are in store for the life insurance industry in the coming year. As 2015 approaches, you should be aware of the highlights as well as the pitfalls to avoid. 1. Policies Not Requiring Medical Exams It’s no secret that some people are reluctant to take a medical exam.  Many have difficulty working it into their schedules, […]

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Want tax on that SUB?

SUB and Severance Plans – Supreme Court Decision in Quality Stores Case Supplemental Unemployment Benefit Plans, (SUB plans), have been the focus of scrutiny for the past several months. Employers have been uncertain whether or not they could use SUB plans as part of their benefits package without being subject to compliance and regulatory concerns. A […]

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Some COLA for your IRA

The IRS recently announced cost-of-living adjustments to the 2015 retirement plan contribution limitations. Although the COLA adjustments are incremental, the raised limits offer savers the chance to accelerate pre-tax contributions to many types of qualified retirement accounts. Some of the highlights The elective deferral (contribution) limit for employees who participate in 401(k) plans has increased […]

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Move over Rollovers

Are Rollovers over or on their way out?  Consider the IRA One-Rollover-Per-Year Rule Beginning January 1, 2015. The IRS recently announced that beginning as early as January 1, 2015, taxpayers can make only one rollover from an IRA to another IRA in any 12-month period, regardless of the number of IRAs they own. Roll what? Transferring money […]

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Is it over yet?

It’s been a wild ride over the last week in the markets, leaving many investors wondering if it’s over, or just beginning. With this question in mind, here are some quotable quotes from the last few days… The key question you need to ask yourselves is this: Have the reasons for this selloff disappeared after the […]

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Social Security Workshops

Over this past year, I’ve begun offering a new service to my clients that I’d like to tell you about. Myself and a small team of financial advisors are providing Social Security workshops to employer and community groups, wherein we educate baby-boomers on how to get the most out of their benefits. The results have […]

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Too Big for its Britches?

The following quotes are all from this recent week…   “…the next five months into year-end are going to be extremely treacherous for equity investors.” ~Peter Boockvar, chief market analyst at The Lindsey Group   “Stock may get rattled by a shallow U.S. recession starting early next year, caused by slack consumer spending and a […]

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Building a Bigger Bubble

Last Thursday, the Dow Jones Industrial Average dropped over 200 points, as worries mounted about China’s economy and escalating tensions in Ukraine. CNBC reported that Alan Skrainka, chief investment officer at Cornerstone Wealth Management, pointed to a chart making the email rounds showing the correlation between NYSE margin debt and the S&P, with margin debt […]

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Stress-Free Retirement

How did your retirement account look before 2008? How does it look now? I’ve talked to many folks who say they are just recently getting back to where they were. But imagine what your retirement account would look like if you had never lost any money in the first place. This concept is the subject […]

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401kaution

If you are relying on your 401(k) as your only source of retirement income, take a lesson from 2008. And 2000. And ’87, and ’73, and ’29 and 1907… Just since the late seventies when 401(k)s came on the scene, trillions of dollars invested in this vehicle have simply vanished during market crashes such as […]

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Stock Shock

The Ill Effects of the Ill Advised Two unrelated reports emerged yesterday about how our health is negatively impacted by the economy. The first may be a bit general and less than scientific; nonetheless, it’s not a difficult pill to swallow.  NYTimes blogger, Nicholas Bakalar, writes about a study published in the February issue of […]

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Attracting Key Employees

Classic 401(k) and 401(k) Look-Alike plans have long been the retirement vehicle of choice for many employers. In both 401k (qualified) and 401k Look-Alike (non-qualified) plans, the employee participants choose to defer a portion of their income and thereby defer the income taxes due on that income. Employers also defer a tax deduction on that […]

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Insurance that Sizzles

For nearly 17 years, I’ve had the privilege of helping scores of small business owners save thousands of dollars in taxes through unique retirement vehicles and health plans. Similarly, I’ve helped families find affordable individual health plans and term life insurance. In each case, I’ve listened to my client and then made my best effort […]

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