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.

Do’s and Don’ts of Estate Planning

It's Your Money
It's Your Money
Do’s and Don’ts of Estate Planning
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Debra Seaward talks about real life scenarios of unexpected planning issues relating to Estate Planning and ideas on how to make sure that you have the proper basic documents in place for when the “what if’s” happens.  Without the right documents you may end up giving more than your fair share in inheritance taxes.

What’s a Good Withdrawal Rate for Income Planning?

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It's Your Money
What's a Good Withdrawal Rate for Income Planning?
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This week from State College, Pennsylvania, the investor coach, Paul Nichols, once again provides a market update. Paul also shares some recent articles that relate to retirement planning, financial investments, life-insurance, and student loans. He discusses the safe max withdrawal rate that one may use for income for life needs according to recent studies. He […]

How Risky Are Bonds?

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It's Your Money
How Risky Are Bonds?
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This week Paul Nichols, the financial coach, focuses on his bi-monthly market update. The recent stock market hiccup, brought on by bonds being rated as risky from conservative by a major brokerage firm and the feds reluctance to continue buying bonds at their current rate may be significant for those that are concerned about retirement […]

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 […]

Getting Educated – Part 1 of 2

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It's Your Money
Getting Educated - Part 1 of 2
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This week, Paul Nichols, the president of Financial Abundance talks about why he enjoys being the “Investor Coach”. Financial Abundance operates under the core belief that education plus understanding leads to clarity and confidence resulting in peace of mind.

To view part 2 of the video, please visit our website at; http://www.financialabundanceinc.com/node/311

Financial Abundance, Inc., a Registered Investment Advisor based in Centre County with offices throughout Pennsylvania.

Visit Financial Abundance’s website and send Paul a note about the show or a question that you would like to have answered under the “Ask the Coach” link.

http://www.FinancialAbundanceInc.com or 866-867-5745

Thank you

Saving For College

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It's Your Money
Saving For College
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Our podcast this week focuses on an alternative to saving for college. The show really sheds some light on 529 accounts and their limitations. We talk about properly structured and funded insurance plans on today’s show and their many uses and how college planning is just one of them. Let us know what you think and drop us a line if you have a subject for the Investor Coach!

Paul Nichols is the President of Financial Abundance, Inc., a registered investment advisor based in Central Pennsylvania with offices in State College and Lewisburg in Centre County.

Visit Financial Abundance’s website and send Paul Nichols a note about the show or a question that you would like to have answered under the “Ask the Coach” link.

Unintended Consequences: Len Renier

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It's Your Money
Unintended Consequences: Len Renier
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This week Paul interviews Len Renier from the Wealth and Wisdom Institute.

The History of Insurance: Ben Nevejans

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It's Your Money
The History of Insurance: Ben Nevejans
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This week Paul has Ben Nevejans from LifePro on the show. Ben is a life insurance expert. They explain how insurance started, transformed and how it got to be one of the safest places for your money.

Safety: Banks or Insurance companies?

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It's Your Money
Safety: Banks or Insurance companies?
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Paul had best selling author Barry Dyke on the radio with him. They discuss weather it is safer to put your money in banks, or in life insurance.

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.