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INCOME STRATEGIES and PLANNING We all need a financial plan for the possibilities that life can and will deliver. A solid plan is much more likely to create a positive outcome, regardless of the circumstance.
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Life/Living
While we are still enjoying life, we want and need income to meet our needs. How long will we need to work to build the net worth to sustain us? Will the income sources be guaranteed?
Death
When you are gone, your family and assets continue on. Will the financial plan allow your family to continue their current lifestyle? If you owned a business, will it now cease to operate? How did you prepare?
Disability
Sometimes we get hurt along the way. A disability can happen to anyone. What is the contingency plan to generate income during this phase of your life? Will it be adequate? Will it be tax free?
Leaving Employment
You will decide to walk away from employment one day. Did you accumulate enough to provide lifetime income?
Predators
What we have accumulated is at risk of being taken away. Make no mistake, predators do exist and they come in all shapes and personalities. Have you insulated your nest egg so that it will always be yours? Can it be stolen?
This is what financial planning is all about....we want and need income stability. And it matters if that income is taxable or tax free. So that brings us to a few questions to consider:
Consider carefully the answers to these questions. The reality is, your capacity to earn income could be disrupted.
At Main Street Financial, Inc., we offer the education and solutions to a cash flow, taxable or tax free, for all of the above possibilities.
For more information on these, and many other income protection strategies, called us at 843-830-0555.
While we are still enjoying life, we want and need income to meet our needs. How long will we need to work to build the net worth to sustain us? Will the income sources be guaranteed?
Death
When you are gone, your family and assets continue on. Will the financial plan allow your family to continue their current lifestyle? If you owned a business, will it now cease to operate? How did you prepare?
Disability
Sometimes we get hurt along the way. A disability can happen to anyone. What is the contingency plan to generate income during this phase of your life? Will it be adequate? Will it be tax free?
Leaving Employment
You will decide to walk away from employment one day. Did you accumulate enough to provide lifetime income?
Predators
What we have accumulated is at risk of being taken away. Make no mistake, predators do exist and they come in all shapes and personalities. Have you insulated your nest egg so that it will always be yours? Can it be stolen?
This is what financial planning is all about....we want and need income stability. And it matters if that income is taxable or tax free. So that brings us to a few questions to consider:
- Are you building assets that will guarantee a lifetime income when you start drawing from them?
- What happens to your family's financial world should you become disabled, or worse...die? Will they be able to maintain their current lifestyle?
- What if you become unable to work due to illness or an accident? Where will your income come from then? Will you continue to receive your paycheck?
- What if your ability to earn money stops? Do you have a backup plan?
Consider carefully the answers to these questions. The reality is, your capacity to earn income could be disrupted.
At Main Street Financial, Inc., we offer the education and solutions to a cash flow, taxable or tax free, for all of the above possibilities.
For more information on these, and many other income protection strategies, called us at 843-830-0555.
