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Tag: daniel

43 posts tagged as "daniel"

Did You Know There is a Financial Product That Can Offer Some Peace of Mind During Uncertain Times Like Now?

Mar 25, 2020

By Dan Schulte, Vice President and Manager, Annuities and Insurance

These last few weeks have demonstrated how connected our world is. In addition to the virus spreading, financial anxiety is also spreading across the land. While annuity products cannot make you immune from a virus, they can help relieve your financial anxiety by contractually guaranteed* products that can be designed to fit your needs.

When the market swings wildly as it has recently,

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Lifetime “Stretch” IRA Dies; Life Insurance Lives

Feb 27, 2020

By Dan Schulte, Vice President and Manager, Annuities and Insurance

The recently passed Setting Every Community Up for Retirement Enhancement (SECURE) Act, changes the post-death distribution rules for retirement account owners by requiring most beneficiaries to receive funds from their inherited account within 10 years after the original owner’s death.   This change mandates much faster distributions than what was previously allowed under the ‘stretch’ provision, which lets beneficiaries spread distributions over their own life expectancies. 

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Year-End Financial To-Do: Holidays Are a Great Time to Address “LTC Denial”

Nov 21, 2019

By Dan Schulte, Vice President and Manager, Annuities and Insurance

Americans will travel near and far during the coming weeks to gather with family and friends for the holidays.  Many families will have someone close to them- possibly a parent- who needs help with activities of daily living for an extended period (long-term care).  Even with this reality, most families do not address their own likely future need for long-term care. 

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Scary Financial Mistakes: Needing Long-term Care Without a Plan

Oct 16, 2019

By Dan Schulte, Vice President and Manager, Annuities and Insurance

The idea of having a prolonged physical illness, disability, or a long-term cognitive impairment, such as Alzheimer’s can be frightening.  So much so that you might not want to think about it at all.   However, having a long-term care need without proper planning could result in a significant economic hardship for you and your loved ones.

Consider this:

  • The national average for 24-hour home care or for one year in a nursing home can cost more than $100,0001
  • At least 70% of people over the age of 65 will require long-term care at some point in their lives with 20% requiring care for longer than 5 years2
  • From 2004 to 2018,

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September is Life Insurance Awareness Month: Are You Covered?

Sep 18, 2019

By Dan Schulte, Vice President and Manager, Annuities and Insurance

September is Life Insurance Awareness Month which is a month-long public awareness campaign sponsored by the nonprofit organization Life Happens.

If the income you earn would suddenly stop, due to death, could your family continue to meet their financial obligations such as paying the rent or mortgage, paying bills, daily living expenses, or even sending a child to college?

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What is “Key Employee” Life Insurance?

Sep 17, 2019

By Dan Schulte, Vice President and Manager, Annuities and Insurance

All businesses, regardless of their size, have key employees that are invaluable to the success of the company.  The death of an individual whose services are important to a business will almost certainly cause considerable losses and costs to the business. For example, some customers or clients with whom the key employee enjoyed a close relationship may choose to not stay with the business,

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Longevity Risk: Live Long and Prosper

Aug 14, 2019

By Dan Schulte, Vice President and Manager, Annuities and Insurance

In addition to the usual financial risks we have — such as inflation risk, market risk, and economic risk — there is another risk to confront in retirement…longevity risk. Longevity risk is the risk of outliving your retirement assets, due to an increased life expectancy. Often these risks are underestimated by pre-retirees. According to a recent survey conducted by Nationwide Mutual Insurance Company1,

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Summer Saving Strategies: Protect Your Savings

Jul 24, 2019

By Dan Schulte, Vice President and Manager, Annuities and Insurance

Does the recent stock market volatility have you a bit jittery?  If so, maybe the purchase of a deferred annuity could help by providing downside protections for accumulation, income, and/or death benefit purposes.

Various type of deferred annuities exists, but basic structures include:

Fixed interest annuities offer a guaranteed rate of return for a certain number of years. 

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Summer Savings Strategies: Indexed Variable Annuities May Provide a Buffer from Loss

May 22, 2019

By Dan Schulte, Vice President and Manager, Annuities and Insurance

There are times when stock market volatility leaves some investors worried about meeting their retirement goals. This has left many of these individuals seeking products that can provide downside protection with upside potential.  A product that can help give investors some degree of piece-of-mind in turbulent times is an Indexed Variable Annuity.

Indexed Variable Annuities (also known as buffered or structured annuities) are typically designed with a combination of variable and index-linked investment options that can balance both personal risk tolerance with growth potential as well as provide a protection of principal.

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Year-End Financial To Do: QLACs-Longevity Insurance that Reduce RMDs

Dec 14, 2018

By Dan Schulte, Vice President and Manager, Annuities and Insurance

Tax-deferred investments interest and investment earnings accumulate tax-free, until an investor takes constructive receipt of the profits.  Qualified retirement plans such as traditional Individual Retirement Accounts (IRAs) are tax-deferred, but investors should be aware they are not allowed to defer taxes forever.  Eventually, Uncle Sam is going to want his share and will require taxable distributions to come out of these accounts.

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