The Power of 10

With so much conversation about money and ideas on what and where to put it, do you ever just want to ask the question, can you HELP me?

Then we start talking about it to friends and now as a group, we are all the expert.  Sometimes with everyone acting as the expert sharing what they thought did or didn’t work, has now become more like the old game we played as kids called “Telephone.”  The words passed from ear-to-ear change and ultimately the information is incorrect. We may hear about someone’s unfortunate outcome with an annuity. When the person was actually put into a plan that wasn’t correct for them in the first place. They only know the pain of their particular experience. After hearing all of this you now become mentally paralyzed.  In reality, there are some great annuities that will pay you for the rest of your life and can be transferred to a beneficiary:  Win-Win.

Example: An income of $100,000

How about that saying of putting 10 percent of your money away annually for retirement?  Let’s put away $833 a month for the next ten years.  It almost seems unattainable. First reaction, “Oh my gosh, are you kidding me?”

Now if I say to you, let’s create a plan for ten years based on your income of $100,000 and fund it with $10,000 annually with guarantees that you will not only have growth capped, meaning that there will be a ceiling and a floor so that you never lose principle. Growth is compound and guaranteed; one that will offer you a larger amount to pull from in case of an emergency, will reduce future taxes and pay you a tax-free income for life. WHAT WOULD YOU SAY?

We need multiple streams of income going forward. Are you ready?

 

Winning or Losing?

By Lu Casillas

Are we as women winning or losing in our financial house? Realistically as women we are making more money than ever before. We have made strides over the decades creating our own businesses and surpassing that glass ceiling. One thing that is getting overlooked in most cases ( statistically)  is the FUTURE.

If you had a magical ball and could see your financial future what would it look like?

Those that follow me have heard me speak about women wearing several hats.

Examples;

parent,child,babysitter,at home doctor,therapist,healer,listener,shopper,chef,housekeeper,animal sitter,caregiver,chauffeur…

This refers to what we as women handle on a daily, weekly, monthly or yearly basis. What is happening to us as we age gracefully? We have increased our income. However our children & parents are aging.

Some of you are the “Sandwich Generation” taking care of aging parents and parenting children.

Some are taking early retirement and allowing someone referred by your company to put all of that money at risk because your company doesn’t want fiduciary liability for the outcome of potential losses.

Some may be dealing with a career as well as being the caregiver for a parent. How do we juggle this without financial help?

It has been written that women are actually at risk for future financial danger! Isn’t it time to alleviate this risk? Retirement healthcare costs average $130,000 per person! This could be devastating.

How do we WIN in this game of life? It is crucial these days to be open to what is working that you are not being told enough about.

I am an advocate for Living Benefits and not all are created equally. These products can be a financial life saver. Insured products are your safety net. Don’t be afraid, Be PROACTIVE. Today we have tools that provide what yesterday’s tools cannot provide.