June 2006 - Posts

posted Friday, June 30, 2006 9:00 AM by Chris Ford :: 0 Comments

How Annuities really work

How annuities really work Read More
posted Thursday, June 29, 2006 9:00 AM by Chris Ford :: 0 Comments

Split Dollar Insurance: Part VI: Conclusion, Tax Considerations and the Bottom Line

The split dollar concept is not hard to grasp. It is a funding agreement that helps an individual obtain life insurance at a lower cost than would otherwise be possible. This is achieved by splitting and sharing the premium with another entity or individual Read More
posted Wednesday, June 28, 2006 9:00 AM by Chris Ford :: 0 Comments

Split Dollar Insurance: Part V: Scenario

Most of the time the employees ownership of a business is organized in an irrevocable trust or other like legal arrangement that can be used in any number of asset protection plans and estate planning scenarios. One should obtain legal assistance to Read More
posted Tuesday, June 27, 2006 9:00 AM by Chris Ford :: 0 Comments

Split Dollar Insurance: Part IV: Purpose and Methods

These split dollar insurance agreements can be very sophisticated and can be used for any number of purposes depending on the type of business or the purpose intended. These intentions and purposes are beyond the scope of this discussion and should Read More
posted Monday, June 26, 2006 9:00 AM by Chris Ford :: 0 Comments

Split Dollar Insurance: Part III: Why have this arrangement?

This split- dollar arrangement is a safe, effective and prudent way to obtain and retain key employees by helping them to achieve a sense of security at relatively no cost to the employer and little cost to the employee. These plans can also be effective Read More
posted Sunday, June 25, 2006 9:00 AM by Chris Ford :: 0 Comments

Split Dollar Insurance: Part II: Example

Lets take a look at an example involving a small business owner and an employee. In this case, the employer takes out a whole life/ cash value life insurance policy on an employee and agrees to pay the cash value portion of the premium. The employee then Read More
posted Saturday, June 24, 2006 9:00 AM by Chris Ford :: 0 Comments

Split-Dollar Insurance: Part I: Overview

This blog is intended to explain the Split dollar method of paying for insurance. This is Part 1 of a 6 part series “Split Dollar Insurance” isn’t an insurance policy, rather, it is a way of paying for insurance coverage. This insurance plan is an arrangement Read More
posted Friday, June 23, 2006 9:07 AM by Chris Ford :: 0 Comments

What is an Annuity? Part III: Avoid Probate within an Annuity

Avoid Probate                                                                                                                   Read More
posted Thursday, June 22, 2006 9:03 AM by Chris Ford :: 0 Comments

What is an annuity? Part II: How the IRS collects taxes on earnings.

The IRS eventually collects the taxes on your annuity earnings. When you withdraw money from your annuity; the earnings, according to the IRS, are withdrawn first. The earnings are subject to ordinary income taxes in the year in which they are withdrawn.   Read More
posted Wednesday, June 21, 2006 10:12 AM by Chris Ford :: 0 Comments

What is an annuity? Part 1: What is an annuity?

This blog is intended to explain what an annuity is in basic terms. This will be part of an ongoing series of posts. An annuity is a contract issued by an insurance company and is usually referred to as an annuity policy or annuity contract. What makes Read More
posted Monday, June 19, 2006 10:50 AM by Chris Ford :: 0 Comments

Retirement Fund Rollovers

This blog is intended to cover what your options are when leaving an employer in regards to your qualified retirement funds. Qualified Plans (TSAs, 401(k)s, pensions, profit sharing plans, 457s) must now roll small cash-outs to IRAs. There are allowed Read More
posted Friday, June 16, 2006 9:58 AM by Chris Ford :: 0 Comments

IRAs Exempt in Bankruptcy!

This blog is intended to cover a recent Supreme Court ruling stating that IRAs are exempt assets in bankruptcy. In the fall of 2005 the Supreme court heard a case where they were asked to decide if an IRA is exempt from bankruptcy just as pensions Read More
posted Thursday, June 15, 2006 4:21 PM by Chris Ford :: 0 Comments

Stretch IRAs

This blog entry is intended to explain how you can roll your existing qualified retirement plan into an annuity that will ensure a lifetime of income for you, your spouse, your children and even your grandchildren! The stretch IRA is a compelling sales Read More
posted Thursday, June 15, 2006 3:48 PM by Chris Ford :: 0 Comments

Annuities win over CD's!

This blog entry is intended to show why a fixed annuity is a better choice than a bank CD.       Before you buy a CD from a bank I want to explain a couple of things you may have missed.    Take the rate Read More
posted Thursday, June 15, 2006 3:35 PM by Chris Ford :: 0 Comments

Equity Indexed Annuities are all the same

I wanted to let you in on a little secret. Almost all Equity Indexed Annuity products are priced to return between 6-8% over the life of the contract. They are all priced by the same acutaries, using the same treasury, using the same calculators. Read More
posted Thursday, June 15, 2006 3:27 PM by Chris Ford :: 0 Comments

Annuities and Social Security

This blog will describe the most basic annuity in the most common terms. When you are shopping for an annuity think of it like this. If you have been contributing your tax dollars to social security; expecting to recieve a lifetime of income; then you Read More
posted Thursday, June 15, 2006 3:15 PM by Chris Ford :: 0 Comments

Annuity and Life Combo Concept

Annuity and Life Combo Concept Read More