When it comes to the many options you have to prepare for retirement, the list can sometimes appear a bit intimidating. You might also notice that among the option, there’s very little uniqueness and they all tend to involve much of the same risks and rewards. While there are variances to the outright risk of …
Living Balance Sheet® is a financial planning platform created by the Guardian Life Insurance Company of America. Guardian makes the software exclusively available to its career salesforce. Living Balance Sheet purports to help both individuals and business owners organize their financial lives, uncover uncommon knowledge, and provide correct advice that traditional financial planning often gets wrong. …
There are a great many people who believe that they would like to be a financial advisor. It seems that some people are very much wired to enjoy topics around personal finance. In the past couple of decades, and more intensely in the last 10, the interest in personal finance has evolved an entire online …
If a life insurance policy fails the 7 Pay Test, it loses its status as a life insurance contract and becomes a Modified Endowment Contract (MEC). This failure and reclassification creates a change in several tax aspects of the insurance contract and we will detail all of those changes in this article. But first, let’s …