Video Marketing for Retirement Planning
Which Retirement Plan Should I Choose?
Transcript of Video:
Choosing a retirement plan is a great step toward financial security. There are several types available, but here are the most common:
401(k)s and 403(b)s are plans offered by employers. 401(k)s are offered by for-profit companies, and 403(b)s are offered by public schools and some non-profit organizations. Contributions are deducted from your paycheck and are often matched by employers. They’re deducted pre-tax, grow tax-deferred and are taxable on withdrawal.
Traditional IRAs, or Individual Retirement Accounts, are opened by individuals through an investment firm or bank. They may be tax deductible, grow tax-deferred and you pay tax when you take the money out.
A SIMPLE IRA plan is similar to a traditional IRA, but these accounts are set up by a small business owner, and usually permit larger contribution amounts.
And lastly, when you open a Roth IRA, you contribute after-tax dollars, the money grows tax-free, and you pay no tax on withdrawals. All these types of accounts have their own set of rules on eligibility, contribution amounts and withdrawals.
For more information on retirement plans – give us a call today or visit our website!
Whiteboard Videos for Reverse Mortgage, Financial Advisors, Loan Officers, and Medicare Insurance.
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Wealth Management – Marketing Videos
Video Content for Social Media
Dollar cost averaging is a stock market investing technique where you buy a fixed dollar amount of a particular investment on a regular schedule, regardless of the share price. More shares are purchased when prices are low and fewer shares are bought when prices are high. This can help reduce the impact of volatility or price swings on purchases of financial assets. For instance, say you plan to invest $500 over a five-month period. So that would be $100 per month.
Let’s say your stock’s price varies month to month as follows: $5, $8, $5, $3, $5. You would have bought this many shares each month: 20, 12.5, 20, 33.33, 20. Mathematically, the average share price would have been $5.20. With dollar cost averaging, the average per share cost would be $4.72. So, you save $0.48 per share despite taking advantage of market variations.
This method does not account for the value of time or for long protected trends. Always seek a professional to develop an investment plan that fits you and your circumstances. Periodic investment plans, such as dollar cost averaging, do not assure a profit or protect against a loss in declining markets.
This strategy involves continuous investment so the investors should consider his or her ability to continue purchases through periods of low price levels. We can help so give us a call today.
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Medicare – Social Media Content – Video tips
Video tips on Medicare for Social Media Posts
Video Transcript:
To get the most out of your Medicare coverage, it’s important to understand what the different parts of the Medicare program provide and what the cost is to you. The Medicare program consists of four parts: Part A – Hospital Insurance, Part B – Medical Insurance, Part C-Medicare Advantage, and Part D – Prescription Drug Coverage.
Let’s talk about Medicare Part D – Prescription Drug Coverage. Medicare Part D helps you cover the rising cost of prescription drugs after age 65. Premiums may vary depending on what plan you choose and may change each year. You may also have to pay an extra amount each month based on your income, if your adjusted individual gross income from the two years prior exceeds preset earnings limits for filing single or if married filing jointly. Social Security will tell you if you must pay this extra amount to Medicare – not to your plan – and the amount will be adjusted each year based on your most recent IRS return.
You might pay a penalty if you don’t join a drug plan when you first join Medicare and go 63 days without coverage similar in value to Part D coverage. Most plans do charge a deductible, and the amount that you pay out-of-pocket before the plan begins to pay, as well as the payment amount, will vary. Your actual costs will also depend on the drugs you take, what drugs the plan covers and the pharmacy.
As you can see, there’s a lot to know about Medicare, so why not get some help with your Medicare plan? Let us help you with your important Medicare decisions. Call to speak to a licensed insurance agent.
Whiteboard Videos for Medicare and Insurance.
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Video Marketing for Reverse Mortgages
Whiteboard Video tip – Watch from YouTube:
Video Transcript:
Are you a senior homeowner living in a home that no longer meets your needs? There is a reverse mortgage strategy that can increase your purchasing power by 35 to 45% so you can purchase a home that better fits your lifestyle.
Here’s how it works. Take out a HECM for Purchase reverse mortgage. You then overfund the required down payment for your new home and create a line of credit that can grow by compound interest each year … tax free. That line of credit can then be turned into cash flow, also tax free, and the money can be used any way you wish.
Using your present home’s equity, you can now more easily afford a move to a neighborhood closer to family and with the amenities to age in place more comfortably. You are required to reside in the new home as your primary residence, maintain it and stay current on your taxes, homeowners’ insurance, or association fees. Importantly, because the term of the loan is 150 years for the youngest borrower, you can enjoy home security for years to come.
For more about how a reverse mortgage can help you afford a new home, call us today.
Whiteboard Videos for Reverse Mortgage, Financial Advisors, Loan Officers, and Medicare Insurance.
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Life Insurance Video Marketing Content
Educational Video to share on Social Media:
Video Transcript:
Have you thought about how your passing will affect your family’s financial life? During this time of grief, you want to make sure that loved ones won’t have to worry about paying for your final expenses. Funeral expenses alone can exceed $10,000 in most states and final medical expenses can add thousands more. Final expense or so called “end-of-life” insurance policies can provide you and your family with peace of mind. These “end-of-life” policies cover your final funeral, legal and medical expenses, and they are a type of whole life policy. They offer affordable premiums, fixed interest rates, and can never be terminated due to age. You will have to answer a few – or in some cases no – health questions to qualify and most offer a free “Accelerated Death Benefit Rider” that allows you to access up to 50% of the death benefit while alive. To find out more about final expense insurance, call us today.
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TVS 126 – Final Expenses
Marketing Content for Life Insurance Providers
Educational, Whiteboard Videos:
Video Transcript:
Most people start to think about life insurance after they’ve married and had children. That’s because the main goal of buying life insurance is usually to replace income if the buyer’s earning power is taken away by death. The industry standard on how much life insurance you need is five to ten times your annual salary. But it really depends on several factors such as your age, the ages of your spouse and dependents, your income, and your debts. Premium rates go up as you age, so it’s more cost effective to buy life insurance when you’re young, and also allows you to purchase more coverage.
You can use the ages of your dependents and spouse to judge the amount of income replacement they’ll need if you die. This will vary per individual as some dependents may need support temporarily, but others could have special needs that require support for life.
If you’re just starting out, there will be many years of income to replace versus someone who’s near retirement or has no debts. A 50 percent income replacement is a starting point suggested by some experts. Your mortgage, car loans and any other debts should be included in your insurance planning. Also factor in future education for your children.
Life insurance is an important investment that can help substitute your income and maintain your family’s current standard of living upon your death. If you’d like to learn more about the right life insurance policy for your family’s needs, give us a call or stop by our website today.
Whiteboard Videos for Life Insurance, Financial Advisors
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TVS 77
Medicare Advantage – Video tip for Marketing Online
Medicare Advantage tip from YouTube:
Medicare Advantage plans are an alternative to basic – or so-called Original – Medicare. Sometimes referred to as Medicare Part C or MA Plans, they are offered by Medicare-approved private companies. They must follow Medicare rules and provide Medicare Part A and B coverage. Most Medicare Advantage Plans also include Part D drug coverage.
In many cases, you can obtain the lowest plan rates by using an in-network provider in your area. Some plans do have an out-of-network option, but it will sometimes be at higher cost. An attractive benefit of Medicare Advantage plans is that they set a limit on the amount you pay out-of-pocket for covered services annually, which helps protect you from unexpected expenses.
When seeking treatment, you must present your Medicare Advantage card to receive Medicare covered treatment.
The most common types of Medicare Advantage plans are Health Maintenance Organization or HMO Plans, Preferred Provider Organization or PPO Plans, Private-Fee-For-Service or PFFS Plans, Special Needs Plans or SNPs. Each type has its own set of benefits, costs and limitations, so be sure to research your choice carefully. But no matter what plan you choose, do not discard your red, white and blue Medicare card, because you’ll need it if you ever decide to switch back to Original Medicare.
Whiteboard Videos for Reverse Mortgage, Financial Advisors, Loan Officers, and Medicare Insurance.
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Are your Investments Tax Efficient?
Whiteboard Video from YouTube:
Tax efficient investing involves strategies to help reduce the impact of taxes. Investments have three tax flavors: taxable, tax-deferred and tax-exempt. Taxable requires gains to be paid as they are earned each year. These include investments like CDs and money market funds. Tax-deferred gains remain sheltered from taxes until withdrawn for retirement at age 59 ½ like 401(k)s or IRAs. Tax-exempt interest is not taxable either by federal or state taxes.
To determine the tax effect of your investments, you must know which tax bracket you’re in and if capital gains rules apply. The highest investment income minus the lowest taxes due is your investment goal. So, focus on placing fully taxable investments in tax-deferred accounts.
Don’t make the common mistake of putting investments that have tax benefits into an IRA. You will lose those tax benefits since all distributions from traditional IRAs are 100% taxable. Let us help you make tax efficient investments in your portfolio. Give us a call today.
Whiteboard Videos for Reverse Mortgage, Financial Advisors, Loan Officers, and Medicare Insurance.
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Fight Inflation – Video Tip for Financial Advisors
Whiteboard Animated Video on YouTube:
Video Transcript:
The huge rise in prices we’re seeing from inflation is causing investors a lot of anxiety. The important thing to understand about inflation is that it’s not the amount in your portfolio that matters, but that inflation diminishes the buying power of those dollars.
That means, that you’ll have to save more to achieve your original financial goals than in years past.
Your financial advisor can suggest strategies and products designed to mitigate the effects of inflation and preserve asset value until market conditions improve. The government has already taken steps to address inflation by raising interest rates, but the inflationary trend won’t disappear overnight. The best strategy for you as an investor is to be proactive and meet with your financial advisor to discuss your individual situation as soon as possible. Meeting with your financial advisor more than once a year can help you adjust your plan and safeguard more of your hard-earned money. Why not call your advisor and map out your inflation-fighting strategy today?
Whiteboard Videos for Reverse Mortgage, Financial Advisors, Loan Officers, and Medicare Insurance.
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Marketing Videos – Mortgage and Loan Officers
Educational Video from YouTube:
You’re retired – or soon will be – and you’re in the process of planning for the days after you stop working. You’re checking with your financial advisor regularly to make sure your IRA or 401K is performing as you hoped, and you’ve worked long enough that your Social Security payments will be near the maximum…. So, your retirement plans seem to be on track. But as you observe all the market volatility these days and watch the cost of just about everything rise, you’re beginning to wonder whether this approach will provide enough money to fund the retirement lifestyle you and your family desire.
Let a reverse mortgage specialist show you how a reverse mortgage – an often-overlooked retirement planning option – can benefit senior homeowners. A reverse mortgage allows you to access the equity in your home – without selling it -and turn it into additional cash flow that you can use to fund a more secure retirement. It eliminates the principal and interest payment requirement, and instead provides payouts as a lump sum, monthly payments, a line of credit, or a combination. You can use the extra cash to renovate your home, fund a grandchild’s education, or function as a “safety fund” should an emergency like an illness or accident occur.
To find out more about reverse mortgages and retirement planning, call us today.
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Loan Officers, Mortgages, Reverse Mortgages – Whiteboard Videos
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JILL ADDISON
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Retired World Traveler (24 countries).
Philanthropist.
Future Real Estate Queen.
Devoted Wife.
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JAMES STEWART, CFP®
Co-Creator, Turnkey Video System
Certified Financial Planner ® (30+ years)
Internet Marketing Expert.
Social Security Workshop Presenter.
Dog-lover/Breeder.
Husband, Father, Grandfather.