In this week’s episode:
- Death Tax Liability — it’s not just estate taxes but also tax on IRAs, 401Ks, pensions, etc.
- REITs (Real Estate Investment Trusts) — liquid REITs are traded like stocks; some are good and some are awful! Non-liquid REITs are traded on the secondary markets, which may take years to get out of (if you want to get out you may only get 10 to 20 cents on the dollar).
- Tax Returns — it’s important to bring your last year’s tax returns in for a full and complete analysis. There are often losses that need to be accounted for when creating a comprehensive financial plan. If your financial advisor has not addressed this you need to find someone who will!
Long Term Care
If you served in the military you should make sure to check all your VA benefits. Your spouse may not be included in the coverage and might be in for a surprise (this, too, should be covered in a comprehensive analysis). If you don’t plan properly, your children could be taking care of you at some point, includingc changing your bedpan! We have plans that include Long Term Care for which you don’t have to qualify or pay nosebleed premiums.
Do you want “maybe” or “guaranteed” income? The choice is yours. Too many people have debt going into retirement. We can help you plan in advance so that you don’t have this burden. Trade in your old outdated whole life policies and upgrade to include long term care.