Reverse Mortgages- The Sandwich Generation
Video Transcript:
If you’re part of the “Sandwich Generation”, meaning your parents are over 65 and you’re raising your own children, you face a difficult choice. You’re trying to balance the funding needs of your own family against the worry that your parents’ savings won’t be enough to cover their living or health care expenses in retirement. Traditional financial planning would suggest that you draw down assets from your portfolio to help cover these costs… putting the funding of your own retirement at risk.
A Reverse Mortgage Specialist can show you – and your financial advisor – how a reverse mortgage can be a better option for you and your family. A reverse mortgage can provide the additional cash flow in retirement that aging parents need by accessing the equity in their home. It eliminates monthly mortgage payments and replaces them with a lump sum or monthly payout, a line of credit or some combination… and your parents don’t have to sell their home. Your parents can use this extra cash to age in place more comfortably or to help cover the high cost of medical care.
This also leaves your portfolio intact… ready to meet your own retirement needs. To find out more about the reverse mortgage option for aging “Sandwich Generation” parents, contact us today.
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Whiteboard Videos for Reverse Mortgage, Financial Advisors, Loan Officers, and Medicare Insurance.
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How Money Savvy are You? – For Women
You don’t have to be a math whiz or know how to pick stocks to become savvy about money. Being savvy about money is more about being engaged, understanding what you want and having a plan designed for your life. And it all starts with your experience with your advisor. Take this quiz right now to rate your experience with the financial advisor in your life. I’ll read 5 questions, and you write down a score of 1 to 5, with 1 being non-existent, and 5 being absolutely yes. Total the points to determine if you are getting what you need and want from your advisor:
Number one: I understand the purpose for my money and feel totally confident about my progress.
Number two: I am financially organized and know what I have and how it will support me.
Number three: I enjoy meeting with my advisor and am constantly learning more about my money.
Number four: I have a financial plan that is designed around my life and helps me track my progress.
Number five: My financial knowledge has increased measurably since working with my advisor.
If you scored a 25, congratulations! You are fully engaged in planning for your financial life. If you scored less than 25, perhaps it’s time you engaged in a new experience. Our mission is to help every woman become fully engaged in her financial affairs, understanding the process and enjoying her journey to financial confidence.
Whiteboard Videos for Financial Advisors, Loan Officers, Medicare Insurance and Reverse Mortgage
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Diversification – Protect your Portfolio
Just like the old warning against putting all of your eggs in one basket, if you put all your money in one company stock and it dropped like a rock, you’d lose everything. Diversification can help protect your portfolio from that scenario. Diversification is the practice of spreading your money among different investments to reduce your risk of losses. A portfolio should be diversified at two levels; both between asset categories, such as stocks, bonds and cash; and within those asset categories. Ideally, if one investment is losing money, another will be making gains. To diversity between asset categories with stocks holdings, for example, you’d invest in a wide variety of industry sectors, such as energy, technology, financials, health care and utilities. Then you would diversify again, within those sectors. There are many ways to diversify within sectors: invest by company, such as Google or Apple in the tech sector; by geographical market, like domestic or international or by company size, large-cap, mid-cap or small-cap. Many people choose to diversify their portfolios with mutual funds or Exchange Traded Funds. These funds hold shares in a variety of companies, making it easier for investors to own a small portion of many investments. For more information on how to achieve a diversified portfolio, give us a call or stop by our website today!
Whiteboard Videos for Financial Advisors, Loan Officers, Medicare Insurance and Reverse Mortgage
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Group Health Insurance – Video Marketing for Financial Advisors
Link to Video on YouTube Channel:
Video Transcript:
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.
Whiteboard Videos for Financial Advisors, Loan Officers, Medicare Insurance and Reverse Mortgage
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Reverse Mortgage Marketing – Video Content
Watch video on YouTube Playlist:
Reverse Mortgages and Long-Term Care:
The rising cost of health care is a major concern for many seniors. That’s because out-of-pocket costs of healthcare for a couple in retirement are expected to keep increasing for the foreseeable future. And if a senior needs to hire in-home medical assistance to age in place more comfortably, that figure could increase dramatically. Buying expensive long term care insurance or spending down retirement assets are options… but could expose seniors to financial risk.
But what is there was a way to cover health care costs using home equity? With a reverse mortgage, senior homeowners can unlock the equity in their home and use that additional cash flow in any way they choose. They can use the funds to purchase a long-term care policy or even fund a funeral trust. And if just one spouse needs home care, and the other wants to remain at home, the reverse mortgage can pay for that person’s care… without depleting their investment portfolio.
A reverse mortgage is a unique way to combat the high cost of health care. To find out more about this reverse mortgage strategy, call us today.
Whiteboard Videos for Financial Advisors, Loan Officers, Medicare Insurance and Reverse Mortgage
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Insurance Marketing – Whole Life Insurance
Video Script:
With supply chain shortages and inflation driving so much market volatility, investors are looking for products with predictable benefits. A Whole Life insurance policy is designed for people who don’t like surprises. Whole Life policies offer the certainty of a guaranteed death benefit, so you know your beneficiaries will be protected after you’re not there to help provide for them. Whole Life policies also build cash value at a guaranteed rate of return. Even the amount of the premiums you pay is guaranteed to stay the same for life. And Whole Life policy dividends are tied to how well the insurer performs financially, so you benefit as they become more successful. Dividends can also provide enhanced death benefits, a growth in cash value and if the cash value is left untouched, offset the effects of inflation. Make certain your family is protected from the sudden loss of your income. Find out more about the benefits of Whole Life Insurance, by calling us today.
Whiteboard Videos for Financial Advisors, Loan Officers, Medicare Insurance and Reverse Mortgage
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Financial Advisor Marketing – Is a Tax-Free Retirement Possible?
A question we’re commonly asked is, “Is it possible to drastically reduce taxes in retirement, or even eliminate them? It’s possible, but you must start planning before you retire.
Many people don’t realize that Traditional IRAs and 401(K)s are fully taxed upon withdrawal, so the key is to diversify your retirement income. You can do that by saving and investing in tax-advantaged and non-taxable accounts, such as a Roth IRA, while you’re still working.
Once you’re retired, it’s all about monitoring your adjusted gross income to control your tax bracket. You can limit the amount of taxable income you need to withdraw by pulling income from your tax-free accounts. Also, by withdrawing from non-taxable accounts, instead of selling investments that trigger taxable income, you reduce the amount of your Social Security benefits subject to income tax.
To find out how you can reduce your taxes in your retirement years, call us, or visit our website today.
Whiteboard Videos for Financial Advisors, Loan Officers, Medicare Insurance and Reverse Mortgage
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Video Marketing – Inherited IRA
Watch the video on our YouTube Channel
Video Transcript:
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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Whiteboard Videos for Financial Advisors, Loan Officers, Medicare Insurance and Reverse Mortgage
Video: Protect Your Portfolio with Diversification
Educational Video from YouTube:
Video Transcript:
Just like the old warning against putting all of your eggs in one basket, if you put all your money in one company stock and it dropped like a rock, you’d lose everything. Diversification can help protect your portfolio from that scenario. Diversification is the practice of spreading your money among different investments to reduce your risk of losses. A portfolio should be diversified at two levels; both between asset categories, such as stocks, bonds and cash; and within those asset categories. Ideally, if one investment is losing money, another will be making gains. To diversity between asset categories with stocks holdings, for example, you’d invest in a wide variety of industry sectors, such as energy, technology, financials, health care and utilities. Then you would diversify again, within those sectors. There are many ways to diversify within sectors: invest by company, such as Google or Apple in the tech sector; by geographical market, like domestic or international or by company size, large-cap, mid-cap or small-cap. Many people choose to diversify their portfolios with mutual funds or Exchange Traded Funds. These funds hold shares in a variety of companies, making it easier for investors to own a small portion of many investments. For more information on how to achieve a diversified portfolio, give us a call or stop by our website today!
Whiteboard Videos for Financial Advisors, Loan Officers, Medicare Insurance and Reverse Mortgage
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Medicare Basics – Part B
Hyperlink to video on YouTube Channel
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 B – Medical Insurance. Part B covers outpatient care like doctor visits and lab tests. The premium for Part B Medicare is determined by your income. The amount can change each year and you pay this premium monthly, even if you don’t receive any Part B services. You pay a Part B deductible once a year before Medicare begins to pay. Once you’ve met your deductible, you’ll pay 20% of the cost of any Medicare-covered services or items.
If you don’t sign up for Part B coverage when you first become eligible for Medicare, usually at age 65, your monthly premium could go up 10% for every 12-month period without Part B coverage. You’ll have to pay this late enrollment penalty each time you pay your premium for as long as you have Part B, and the penalty increases the longer you go without Part B coverage.
As you can see, there’s a lot to know about Medicare, so why not get some help with your Medicare plan? Call us today to make sure you get all the benefits from Medicare that you deserve.
Whiteboard Videos for Financial Advisors, Loan Officers, Medicare Insurance and Reverse Mortgage
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Financial Advisors,
On this Exclusive Live Webcast
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- How to Turn Current Clients into Raving Fans
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JILL ADDISON
Founder, FA Client Machine
Author, 7 Steps to Video Marketing Success
Co-Creator, Turnkey Video System
Digital Marketing Expert.
Video Specialist.
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.