Video Tutorial – Real Estate Investment Trusts (REITS)
Video Tutorial – Real Estate Investment Trusts (REITS)
Do you know that there is a way to invest in real estate without owning a physical property? Real Estate Investment Trusts or REITS are companies that own, operate, or finance income-producing real estate projects. These companies pool money from many investors to purchase office buildings, apartment complexes, or shopping centers.
Investors can buy shares in REITs, like investing in stocks, and the shares are traded on major stock exchanges. This gives investors the opportunity to diversify their portfolios by investing in real estate without the complexities of directly owning a physical property. Many REITs can also provide passive income to investors in the form of dividends, distributions of a large portion of their income that they are required to make to shareholders. And unlike directly owning a physical property, REIT shares are relatively liquid, so they can be bought and sold more easily on the exchanges.
But there are certain unique qualities of REITs you should be aware of before you invest. Dividends from REITs are taxed as ordinary income, not at the more favorable qualified dividend rates, so that could affect your tax strategy. Because REITs are required to distribute a large portion of their income, that can limit their ability to reinvest in their properties or expand their portfolios. This can potentially limit their long-term growth. And while REITs can offer unique benefits to a portfolio, their performance can vary and underperform other investments at times.
Make sure you have all the facts before you decide to invest in REITs. If you’d like to learn more about REITs, call us today.
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The Effects of Inflation on Retirement – Tutorial
The Effects of Inflation on Retirement
You’ve probably seen the headlines about inflation and how it is increasing the price we pay for everyday items like gasoline, food, and healthcare. But have you considered the impact inflation is having on your retirement savings? Social Security uses inflation as a benchmark to determine the cost-of-living adjustments it makes to monthly payouts, so beneficiaries can keep pace with inflation. This protects you from the negative effects of inflation over time. But the other elements of your retirement savings plan, such as 401K’s and most non-government pension plans, are not adjusted for inflation. That means the actual purchasing power of your retirement savings is being eroded over time… and you’ll need more money to accomplish your original goals.
Your financial advisor can help you adjust your retirement plan to take the effects of inflation into account and suggest some ways to preserve capital going forward. They can show you how a change in tactics can help keep your retirement plans on track. To find out more about how inflation may affect your retirement, call us today.
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Cash Flow and Reverse Mortgages – Videos for your Clients
Videos for your clients – Cash Flow and Reverse Mortgages
Having enough cash to last to – and through – retirement is one of the major challenges facing today’s seniors. A reverse mortgage is a safe way to help senior homeowners improve their cash flow while allowing them to better “age in place” in their own home. With a reverse mortgage, seniors can tap into the equity in their home in a variety of ways that best suit their individual circumstances and needs.
For example, they could take a lump sum payout at closing to spend it in any way they choose. They could also choose to receive a liquid, growing line of credit that allows any unused balance to grow at the same compounding rate as the loan balance, and the amount of the credit line increases when any payments are made. These tax-free funds in the line of credit can grow substantially over time, and the homeowners will only accrue charges on whatever funds they have borrowed. Also, this line of credit cannot be capped, reduced, or eliminated because of market conditions or declines in property value.
To find out more about how a reverse mortgage can improve your cash flow in retirement, call us today.
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Affordable Social Media Posts – Video Marketing Machine
Video Marketing Machine – Posts for You!
Whiteboard Videos for Reverse Mortgage, Financial Advisors, Loan Officers, and Medicare Insurance. Social Media posts for Facebook, LinkedIn , X, Instagram and more!
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Reverse Mortgages – The Math and the Benefits
Reverse Mortgages – The Math and the Benefits
If you’re considering a reverse mortgage, but not sure it’s right for you, let’s do some math to help make your decision easier.
How much you can borrow is based on the age of the youngest borrower, the value of your home and the expected interest rate. You’re borrowing approximately 40%, while 100% of the value of your home is appreciating at 4% a year on average. That means there will be money left over after the loan is paid.
Let’s look at an example of how a typical reverse mortgage plays out. Jane is a 70-year-old single woman with a home value of $500,000 that’s free and clear. She wants to borrow $1,000 a month – or $12,000 a year – for 20 years. She’ll use the money to pay for long term care, property taxes, and Homeowners Insurance premiums. After year ten, she is projected to have $557,000 in equity and after year 20 $531,584. This means that Jane will have received $1,000 a month in additional income to cover her other retirement expenses… and still have over $500,000 in equity to leave to her heirs!
To find out what your numbers would look like, reach out today.
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Tips for you Roth IRA – Financial Advisor Video Content
Roth IRA: Contribute or Convert
Roth IRAs are funded with money that you’ve already paid tax on, and then they grow tax-free. This is different than traditional pre-tax funded retirement accounts. Roth IRAs offer many advantages that other traditional retirement accounts don’t.
First, you can withdraw your money tax-free during retirement, which allows you to manage your taxable income. And second, with no annual distribution rules, you’re free to take your money out only when you want to.
There are two ways to put your funds into a Roth IRA; through contributions and conversions. Contribution rules include contribution limits. And to contribute money to a Roth IRA, you must earn compensation, or income, but remain below IRS mandated income levels. High earners can’t contribute. Conversions have very few limitations. Anyone can convert an account such as an IRA, 401(k) or SEP IRA into a Roth IRA. You don’t need to have income, but if you do, there’s no income limit and there are no restrictions on the size of the conversion. You can convert one million dollars if you like! You will, however, owe income tax on any amount that you convert, so conversions should be scheduled when your tax rate is lowest. To learn more about Roth conversions and contributions, give us a call today.
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Supplemental Medicare – What you Should Know!
Video to post on Social Media: Medicare Supplement Plans
Medicare Supplement plans – also known as Medigap plans – are designed to cover some of the costs that Original Medicare doesn’t. These costs include things like copayments, coinsurance and deductibles. Some Medigap plans also offer certain benefits that Original Medicare doesn’t like emergency foreign travel expenses. Medigap plans don’t cover your costs under other health plans – including Medicare Advantage Plans – but only the costs that Original Medicare doesn’t cover.
Here’s how it works. If you have Original Medicare and a Medigap policy, Medicare will pay its share of the Medicare-approved amount for a covered service. Then, your Medigap policy pays its share. But Medicare doesn’t pay any of the costs of purchasing the policy.
Medigap Plans differ from Medicare Advantage Plans in an important way. Medicare Advantage Plans are just an alternative way to get your Medicare Plan A and B benefits. Medigap Plans are solely designed to cover costs that Original Medicare doesn’t cover. In fact, insurance companies generally can’t sell you a Medigap Plan if you are already covered by a Medicare Advantage Plan or Medicaid. Medigap Plans are required to follow all federal and state consumer protection laws and policies must be clearly identified as “Medicare Supplement Insurance.” Medigap Plans in most states are standardized, and identified by Plan letters A through N. Each standardized state Medigap plan under the same plan letter must offer the same basic benefits, no matter what insurance company sells it. Usually, the only difference between Medigap policies with the same plan letter is the cost charged by different insurance companies… so you can comparison shop!
Let us help you with your important Medicare decisions. Call to speak to a licensed insurance agent.
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Inherit an IRA? Watch this Video Tip from YouTube!
Video: What to Do with an Inherited IRA
If you’ve become the beneficiary of an IRA or other retirement account, it’s important to know your options. You can take the money out in one lump sum. This requires opening an account called an Inherited IRA in your name for correct IRS reporting. That lump sum may be taxable depending on whether the original contributions were pre- or post-tax.
Or you can open an Inherited IRA and leave it alone to grow tax deferred. You can’t make additional contributions and must start taking Required Minimum Distributions based on when the deceased would have turned 73. You must also liquidate the account in ten years. With this option, you can name your own beneficiary to pass it on. If your spouse left you the account, you’re allowed to roll those assets into your own retirement account and follow your account’s distribution rules.
You could also disclaim the account, or not accept it. The assets can then pass on to alternate beneficiaries. If you disclaim, it must be done before taking possession of the account, and within nine months of the original owner’s death.
To learn more about what to do with an inherited retirement account, please give us a call today.
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Reverse Mortgages – Facts and Fiction
YouTube Video: Reverse Mortgages
There’s a lot of misinformation out there about reverse mortgages, so let’s separate the facts from the fiction. To qualify for a reverse mortgage, you must own your home outright or have at least 50% equity, but you don’t have to surrender the title… you retain ownership. To qualify, you must be 62, 55 in some instances, live in the home as a primary residence, maintain the home, and pay your property taxes and homeowners’ insurance.
A reverse mortgage is a way for senior homeowners to generate additional cash flow in retirement by tapping into the equity in their home… and it is not necessarily a lifeline for those in financial straits. Reverse mortgage rates have risen, but depending on the type of reverse mortgage you choose, interest rates are often comparable to those of a traditional mortgage.
With a reverse mortgage, monthly mortgage and interest payments become optional, and the resulting savings gives you additional cash flow to fund a more comfortable lifestyle in retirement. Your heirs will have the option to either sell the home or refinance it and utilize the proceeds to repay the loan when the time for a payoff occurs. In fact, depending on how the value of your home appreciates over time, a reverse mortgage could provide a source of equity to those same heirs if they simply choose to sell it.
To find out the truth about reverse mortgages, call us today.
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Group Health Insurance – Videos on YouTube, Facebook, LinkedIn
Choosing the right Group Health Insurance Plan can help reduce costs for employers and employees. For employers, providing a Group Health Plan saves money because it spreads risk across a larger group, reduces premiums, and provides some tax incentives. Group Health Plans benefit employees by providing coverage at a lower cost than individual policies, because the employer covers part of the premium cost.
Two typical types of Group Health Plans are Health Maintenance Organization (or HMO) plans and Preferred Provider Organization (or PPO) plans. HMO plans often offer lower premiums, but you’re required to choose care from an in-network provider. With a PPO Plan, you can choose any doctor, but you’ll pay more for out-of-network care.
Helping employees stay healthy boosts company productivity by reducing sick time and can help recruit and retain top people. In fact, a Forbes Advisor 2022 survey showed that health coverage is a great influence on what jobs people select. And it can help a company retain—or lose—employees: 8% of respondents with health insurance through work said they left a job that they liked because they wanted better health coverage.
Need help choosing the right Group Health Plan for your business? Call us for a no obligation consultation today.
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