Index To Life Insurance Content

Life insurance, most Americans think of it simply as a death benefit, that would be one way to use life insurance. But there are actually different types of insurances and different ways to utilize. You'll find a smattering of information on life insurance in these tips and clips below. Would encourage you to reach out and contact us , if you would like to learn more about the very unique and sophisticated ways living benefit life insurance can be used for tax planning, income planning, college planning, liquidity and of course death benefits.

Group vs Individual Long Term Care Insurance

Long term care insurance planning, an area that many do not really want to talk about. There’s a certain inevitability that we often ponder when this subject comes to the surface. I find it to be one of the areas that cannot be overlooked, especially considering our fiduciary duty. Some folks have an opportunity to […]

What a Difference a Day Makes!

This weekend is very special! As a peace time veteran I did have often considered myself lucky not to have served in combat. My job description and duties as a crew chief in Ch-53’s would have put me in the line of fire. I often think of my military service with a humble heart and say to myself “there but for the grace of god go I” when pondering on those currently in harms way.

What Is The Value Of Human Life?

You may not want to put a price tag on it.  But if we really had to, most of us would agree that the value of a human life would be priceless. “It is established that the protection of one’s family, or those near to him, is the one thing most to be desired, and […]

Retirement Income

For this post I’m using an article that I wrote for the Town & Gown’s Guide to Financial Services, regarding our income for life strategy. Enjoy!

Recent studies have shown that the traditional retirement strategies of pulling a percentage off a brokerage account may be flawed. According to one study, stock and bond only strategies preserved the original value in just 45% of the cases, while “Income for Life” strategies preserved the original value in 93% of the cases. Paul Nichols, the president of Financial Abundance a registered investment advisor and estate planning firm in State College, compares traditional retirement strategies to the “Income for Life” strategy.

Top 5 Reasons for Long Term Care Insurance

Planning for long term care is an easy thing to put off. Maybe you think you’re too young, can’t afford it or simply won’t need it. But if you want to help preserve your choices about future care and have retirement assets and personal savings to protect then, long term care insurance could be the right vehicle for you. Here are 5 logical and emotional reasons why it may make sense for you:

1. To enable you to stay in your home for a longer period of time—comprehensive long term care insurance offers you the option of staying in your own home for as long as possible which helps to preserve.

The Ethical Will: Voice for Estate Planning

In medieval times, Jewish men wrote letters to their sons, passing on guidelines for living a worthy life. These legacy documents were called “Ethical Wills,” and provided for meaningful, enduring communication between generations. Modern people of all ages and faiths are now rediscovering this beautiful and sensible tool.

An Ethical Will or “personal legacy letter,” is appealing because it provides thoughtful adults the opportunity to reflect on their own lives for the benefit of those who will follow them, and helps make sure that nothing really important gets ‘lost in the cracks’ between generations.

Caring for Your Spouse…Even After You’re Gone

Your spouse has been there with you through thick and thin. They have been your rock, the foundation upon which you’ve built your life. Your spouse has probably been your friend, confidant, and true partner.

If your spouse is ailing now, there are ways that you can protect them, even after you are gone. Let’s say your spouse has a slowly degenerative disease, like Alzheimer’s disease. Hopefully, their illness may be kept at bay. As long as you are there, you may intend to care for your spouse at home. But, what if you die first? At least one study has shown that caregivers themselves often get sick or die early because of the stresses on them.

Welcome to Financial Abundance

Financial Abundance, headquartered in State College, PA, is a Registered Investment Advisory Firm whose founder Paul Nichols is known as the “Investor Coach”.

FA (Financial Abundance) is a full-service investment, retirement and estate planning firm. We operate under the core belief that education plus understanding leads to clarity and confidence that can result in peace of mind.

Our site includes both audio and visual content and is designed with an educational component. You will notice an array of links to the left under Primary links; specifically Weekly Clarity Coaching and Podcasts.

– Under Weekly Clarity Coaching you will find two to five minute subject-specific videos that have been featured on NBC affiliate WJAC-TV Channel 6. These educational videos were produced with the intent to clarify financial subjects.

– Under Podcasts we have approximately three to four years of recordings from Paul’s syndicated radio show, It’s Your Money (now available on iTunes).

Please take advantage of some complimentary coaching using the “Ask the Coach” link where Paul answers questions about the content in our site and how it may apply to you. For those of you with general questions, please use this same link to send a question and/or comment to the Coach.

You don’t know what you don’t know.

Our Mission

Our goal at Financial Abundance is to save the world one investor at a time. We want to play our part in the solution to create peace of mind for individuals, families and businesses about their investments. This can be accomplished, through education and understanding with research and studies from Nobel laureates and professors at leading universities around the country. We want to show people that they can, for the first time in their lives, have peace of mind about how they invest; that sleepless nights of doubt can be converted into confidence about their direction regardless of the current economic conditions. Regardless if you’re from Penn State or the state pen you can learn how to be a prudent and educated investor.