Happy 2025! Have you set any New Year’s resolutions yet? If your goal for the new year is to become financially fit, then it’s time to start saving your money and stop spending it. Instead of heading out to your daily coffee run, how about you set aside that money and make it work forContinue reading “How to Accumulate Cash”
Tag Archives: Financial goals
Another Reason to Build an Emergency Fund!
So last month I had an emergency, one of my air conditioning units went out right in the middle of the summer heat in Texas. Luckily that has been taken care of and my out-of-pocket expenses were minimal. However, a few more events have happened since then… Another repair or replacement coming soon We’ve allContinue reading “Another Reason to Build an Emergency Fund!”
401k Retirement Plan
youtube.com/watch As I continue to learn more about how tax deferred accounts work, taxpayers do end up paying more in taxes: 1) federal payroll tax withheld and 2) then again when you take withdrawals from a tax deferred account. The two products I recommend (and started investing in myself) that offer tax advantages are theContinue reading “401k Retirement Plan”
Estate Planning Workshop
A Financial Education Story
I was going over an illustration today, specifically an IUL, and realized that this really serves multiple purposes. (Although I have an IUL policy and should already know the advantages, it goes to show you that you learn something new everyday.) So as I prepared the illustration I was working on and I explained it,Continue reading “A Financial Education Story”
Take control of your finances
To begin taking control of your finances, you first need to know where you’re current finances are. You need to change your spending habits and you need to change your financial mindset. Last month I did my very first financial needs analysis…. And I learned a lot about myself. I also began working in financialContinue reading “Take control of your finances”
Cash Value
https://player.vimeo.com/video/215867207?rel=0 Did you know that you can build cash value with a permanent insurance policy? Cash value acts almost like a savings account. It is not offered with term life insurance. One of the features that I really like about cash value in an indexed universal insurance (also known as a permanent insurance), is thatContinue reading “Cash Value”
Near retirement
youtube.com/watch Many people like you and me are nowhere near retirement, yet many of us have failed to save. On the other hand, many have saved quite a sum of cash but have not been able to grow and build their savings to a sufficient amount. The main reason it’s important to build and growContinue reading “Near retirement”
401k’s
twitter.com/cnbc/status/1639042590707425280 A 401K is a retirement account offered through your employer. Employers have the option to match your contributions. For example, you contribute 5% and your employer also contributes 5%. The tax benefit of a 401K is that you do not pay taxes on the money you contribute. You pay with pre-tax dollars and youContinue reading “401k’s”
Annuity
An annuity is a product that provides you with a stream of income mainly for retirement. It is meant to help you avoid outliving your savings. There are different types of annuities such as a fixed annuity, variable annuity, or indexed annuity. And annuities can be funded with a lump sum single premium payment orContinue reading “Annuity”