Investing for the Future
JS Financial isn't here to give you an A-Z formula for how to invest your money in the stock market. Instead, let's look at financial planning from an asset allocation* point of view and try to introduce some new ideas for you to think about when putting together a financial plan.
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Retirement Wealth Begins With Risk Management
JS Financial offers three alternative strategies to potentially grow wealth that also seek to mitigate risk of stock market volatility. Fixed Indexed Annuities (FIAs), Indexed Variable Annuities (buffered annuities), and Indexed Universal Life insurance (IUL).
Fixed Indexed Annuities (FIA) are not suitable for all investors. FIAs permit investors to participate in only a stated percentage of an increase in an index (participation rate) and may impose a maximum annual account value percentage increase. FIAs typically do not allow for participation in dividends accumulated on the securities represented by the index. Annuities are long-term, tax-deferred investment vehicles designed for retirement purposes. Withdrawals prior to 59 ½ may result in an IRS penalty, and surrender charges may apply. Guarantees are based on the claims-paying ability of the issuing insurance company.
Variable Annuities are suitable for long-term investing, such as retirement investing. Withdrawals prior to age 59 ½ may be subject to tax penalties and surrender charges may apply. Variable annuities are subject to market risk and may lose value.
Estate Planning
Is your estate plan in order? The answer for most people is no, and many people believe they will get to their estate planning when they are less busy. The truth is, the time is now and we are here to help.
*Asset allocation does not ensure a profit or protect against a loss.
Insurance
*Long Term Care Insurance (LTCI) can be an integral part of protecting your wealth long after retirement. Many people have an “it won’t happen to me” attitude when it comes to the need for LTC expenses, and the amount of coverage depends on the policy purchased. There are several different ways to obtain LTCI coverage. Depending on your situation, one may be better for you than another - and we are here to help you discuss all the options.
*Availability varies by carrier and state
Charitable planning
Charitable Planning can be a terrific planning tool that aids in your financial planning strategy to potentially increase your spendable income, manage taxes, seek to provide a tax-free inheritance to your heirs, and pursue a lasting family and social legacy.
Pension plans
A pension plan is a stream of income, generally received monthly, that’s offered by a former employer to be paid out during your retired years. This is great, but pension plans are more and more often becoming a way of the past. Even though a pension is technically guaranteed monthly income…there are very real risks for the future of your pension plan. The real crux is making the correct pension election for your individual situation.