Are you a self-employed business owner with no employees other than a spouse looking for the opportunity to put contributions into a ROTH? Depending on your salary, contribution limits are $56,000 or $62,000 for individuals who are 50-years-old and beyond.

If you are reading this, chances are you need life insurance to provide cash to your family or loved ones after your death. Life insurance provides a tax-free death benefit to your beneficiary to replace loss income, pay off debt, provide college funding, and end of life expenses. The gravest individuals who need life insurance the most are married with depended children. Both parents whether working or not have a human life value that needs to be insured. There are two variables that come to mind when calculating the amount of coverage needed: How much will be needed at death? And How much future income is needed to sustain my family’s standard of living?

Term Insurance – 

The most affordable type of insurance, it is mainly designed to cover an individual temporary. This temporary time period is commonly set for specific number of years – 10,15,20,25,30, etc. and only pays a benefit in the event of death during this time. This type of insurance is frequently purchased because individuals are starting their careers, family, or purchasing a home.

Permanent Insurance –

In comparison permanent insurance provides coverage till the end of life. As long as you pay premiums and no loans, withdrawals, or surrender are taken, the full amount will be paid. There are numerous different types of permanent insurance and the main difference is based on how the cash value grows internally. There is never a rule of thumb when selecting the right coverage but often a combination of both may be the right solution. The most important rule of thumb is not selecting what type but buying the right amount that protects your family!

Time horizon, diversification, and an overall risk score are key to defining your goals as an individual investor. Having discipline, patience, and confidence are the most important elements in establishing a plan. Our portfolios are highlighted in three key areas (Strategic, Tactical, and Diversifier) to broaden our diversification because not all strategies that work in bull markets may not be effective in bear markets. We believe market timing is not the answer and staying the course is the best approach. Portfolios will consist of Mutual Funds, ETF’s, stocks, and bonds.

Power – 

Portfolio built of globally diversified mutual funds. Accounts of any size small to large.

Finesse – 

Portfolio built very similar to Power but uses Exchange Traded Fund’s (ETFs). Accounts $25,000 and up.

Custom – 

Combination of multiple strategies – Strategic, Tactical, and Diversifier. Utilizing a combination of Power and Finesse Portfolios as well as stocks, bonds, and fixed income plans. Accounts $250,000 and above will be commonly used.

*Each client has different goals and objectives but overall this provides a basic concept we apply.