Education Center

It is important for us to have planning for ourselves and our family. Below are brief summaries of topics that may help you to explore your long term and short term financial goals. Basic Estate Planning - Set up a Revocable Living Trust Advanced Estate Planning - Grantor Retained Annuity Trust (GRAT) - Charitable Remainder Trust (CRT) - Charitable Lead Trust - Foundation: Public and Private - Insurance Trust (ILIT) Insurance Planning 1. Protection - income replacement to continue providing income to family 2. Accumulation - cash growth on tax (deferred basis) 3. Preservation - use death proceeds from insurance policy to pay estate taxes, it may need to set up an Irrevocable Life Insurance Trust to own the insurance policy Retirement Planning 1. Qualified Plan - 401(K), IRA 2. Non-Qualified Plan - Variable Annuities Long-Term Care Planning,  Education Planning - Custodian Account - Scholar Share Trust (TIAA-CREF) - Minor Trust With hard work and careful planning during your income-earning years, you may have built a healthy nest egg, sufficient to ensure a comfortable, independent retirement. You may actually be in the enviable position of being able to leave something to those you love the most: your spouse, children, grandchildren, and perhaps your favorite charities. Now's the time to seize the moment and put together a plan that creates a legacy for those you love. As a New York Life agent, I can help alleviate some of the worry that comes with ownership. One major concern may be that your family will face difficulties paying off the mortgage in the event that you pass on. One of the ways to help assure your family's financial security is to consider life insurance products as mortgage protectors. Products such as Permanent Life and Term Life insurance are personally-owned and portable. If purchased in an adequate amount, the death benefit can help retire the mortgage, and also help provide money to cover other expenses. Ensuring your family's future now will help ease your mind, and let you concentrate on the really important things like choosing between carpet or hardwood floor for the dining room. Need a little help in deciding which products and services would be right for you and your family? Please use the Contact Us button on the left to e-mail me. I can help you analyze your needs and recommend appropriate products.

**Neither New York Life Insurance Company, nor its agents, provides tax, legal, or accounting advice. Please consult your own tax, legal, or accounting professional before making any decisions.