Why Young People Still Need Financial Professionals

by Tim Estes on Oct 20, 2017

It’s that time again - the end of a fiscal year and that means tax season is just around the corner. With each passing filing it seems as though young professionals are turning their backs on financial professionals such as accountants, investors, and advisors, and turning to the technological solutions. But the friendly neighborhood accountant shouldn’t hang up their calculator just yet - young people still need financial professionals.

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Why Young People Still Need Financial Professionals

by Tim Estes on Oct 20, 2017

It’s that time again - the end of a fiscal year and that means tax season is just around the corner. With each passing filing it seems as though young professionals are turning their backs on financial professionals such as accountants, investors, and advisors, and turning to the technological solutions. But the friendly neighborhood accountant shouldn’t hang up their calculator just yet - young people still need financial professionals.

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Universal Life Insurance Explained

by Tim Estes on Oct 4, 2017

Universal life insurance was launched in the early 1980’s at a time when interest rates were historically high and its forebear, whole life insurance couldn’t satisfy consumer appetites for high returns that were available in bank CDs and money market accounts.  Universal life offered an alternative means to purchase a permanent form of life insurance that also provided flexibility, low costs, and the ability to earn competitive rates of return all of which was not available in the more rigid and low yielding whole life policy.

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Universal Life Insurance as a Financial Management Tool

by Tim Estes on Sep 27, 2017

When universal life insurance debuted in 1982, it quickly became a popular alternative to whole life insurance policies which had been losing favor due to its low yields, high premiums and nontransparent structure.  In the high interest rate environment of the 80’s, consumers were looking for competitive rates on their money and more flexibility in the way they could structure their life insurance policies.

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Finance Lessons for Your Teen

by Tim Estes on Sep 20, 2017

The current economic environment has caused most everyone to reconsider their personal finances with many people having to drastically change their spending and savings habits. Out of this economic malaise may come an opportunity to finally instill the right habits in your teens that can carry them into adulthood on the right financial footing. Just as our parents and grandparents of the Great Depression era developed deeply ingrained attitudes about finances from their experience, our teens can share in the lessons of today’s “great recession” generation.

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How to Reduce Life Insurance Costs

by Tim Estes on Sep 13, 2017

With rates as low and competitive as they have ever been, it’s as close to a “buyers” market in life insurance as we’ll get.  Still, in these cash-strapped times, curbing all costs and expenses is a priority for most people, and buying life insurance is no different.

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Should You Take Early Social Security Retirement Benefits?

by Tim Estes on Sep 6, 2017

Most people are aware that they can begin collecting their Social Security retirement payout at age 62, and, in doing so, they are informed that they will be collecting a reduced benefit. And most people also know that, the longer they wait to collect benefits, they will receive a higher monthly benefit. When they do the math, some people figure they are better off by collecting a smaller benefit for a longer period of time. Of course, some people may not have a choice but to collect early if they are forced out of work or they simply don’t have sufficient resources.

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Life Insurance as an Accumulation Vehicle ��� Pros and Cons

by Tim Estes on Aug 30, 2017

Ever since the introduction of variable life insurance in the 1950s the debate over life insurance as an investment has raged on, and, to this day, the issue remains largely unsettled. Life insurance advocates can make a case for its unique properties – tax deferred growth, tax free death benefit, low interest loan provisions, and varied investment options – but then the critics can argue that it can be expensive and that there are better ways to invest your money. The reality is that, while both positions have merit, they also don’t apply equally to all financial situations.

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Have a Long Term goal? Financial Planning can Help You get you there

by Tim Estes on Aug 23, 2017

After several years of wallowing in financial upheaval caused by a severe recession and financial crisis, Americans are, once again, looking to the future. A renewed confidence has many people setting their sights on long term goals that, just a few years ago, may have seemed out of reach. However, as too many people have painfully learned, simply having a long-term goal, whether it’s an early retirement or a college education for your children, is not enough to realize your ambition.

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