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Public and Municipal Employees
Life Insurance
Life insurance not only provides peace of mind to you and your loved ones but can be an essential part of a sound retirement plan. There are four common areas in which life insurance can play an integral part of your investment and estate plan: 1) Paying off a mortgage, 2) A lump sum of cash for final expenses, 3) Funding for college, or 4) Caring for a special needs’ child or aging parents.
College Planning
There are multiple investment vehicles that can be used to help save for your children’s college tuition. By treating college savings as a monthly bill, you can put time on your side and set your children up for a more successful financial future.
Individual Retirement Account (IRA)
An investing tool individuals use to earn and earmark funds for retirement savings.
Disability Insurance
Disability insurance is a type of insurance that will provide income in the event a worker is unable to perform their work and earn money due to a disability. There are many types of organizations that provide different types of disability insurance.
Estate Planning
Estate planning is the preparation of tasks that serve to manage an individual's asset base in the event of their incapacitation or death. The planning includes the bequest of assets to heirs and the settlement of estate taxes. Most estate plans are set up with the help of an attorney experienced in estate law.
Durable Power of Attorney: A document that authorizes someone to act in a wide range of legal and business matters and remains in effect even if you are incapacitated.
Health Care Directive: A written legal document that states your healthcare wishes if you are unable to communicate or make decisions. The document appoints an individual to be your agent that oversees executing your wishes and preferences regarding provisions of healthcare-by-healthcare providers such as doctors, nurses, specialists, etc.
Will: The will is the rulebook for the distribution of your assets, and it could prevent havoc among your heirs. A will can also name a guardian for your minor children and designate who should care for your pets. You can leave assets to charitable organizations through your will, too.
Annuities
As investments, annuities have several unique properties that make them very versatile in addressing several income and investment planning needs including;
- Tax deferral
- Capital preservation
- Reducing Social Security taxation
- Maximizing retirement income
- Portfolio diversification
- Protecting assets
- Probate protection
Disability Insurance
Disability insurance is a type of insurance that will provide income in the event a worker is unable to perform their work and earn money due to a disability. There are many types of organizations that provide different types of disability insurance.