• National Senior Insurance

    Committed to Your Financial Direction

    We educate our Post-Retiree clients on how to safely secure more income, transfer wealth more tax efficiently, obtain chronic illness benefits for free and we don’t push products.

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I would like to safely secure more income each month


 
Click here and let us show you how we work with potential clients in helping them secure more income safely, for a longer period of time, with fixed, guaranteed, safe returns.

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I would like to park money to generate a better yield


 
Click here and let us show you how we work with potential clients in helping them secure more income safely, for a longer period of time, with fixed, guaranteed, safe returns.

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I would like to get chronic illness benefits for free or at extremely low cost


 
Click here and let us show you how we educate our clients on how to obtain chronic illness benefits
for very low cost and mostly for free.

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What is the real difference between an investment advisor and/or financial advisor and a stock broker? In the most basic form, stock brokers sell stocks and bonds for yield or income and a financial advisor or investment advisor makes investment recommendations based on a clients’ financial direction. The various financial directions are liquidity, income, inflation hedge, chronic illness planning, and ultimately wealth transfer as explained below:

Every person has a different financial direction and your current financial direction will not change or if it does it will be very slowly over time. One who is maintaining a significant amount of money in savings/checking or money markets is doing so because they aren’t as concerned with “yield” as they are in keeping money safe and liquid on those funds. There are many options for those who seek to maintain liquidity and a high degree of safety without having to invest in stocks and bonds, despite the fact that stocks and bonds are considered liquid. They simply lack the safety required for a financial direction of liquidity. We work with clients who have a need for liquidity and show them many alternatives that are designed to keep money safe, liquid, and also provide other benefits such as chronic illness benefits.

For those in need of income from their assets there are only two ways to generate that income. One is from a variable source such as the stock/bond market and the other is from a fixed, guaranteed source. A stock broker will do the best job to generate your income needs from the stock/bond market, but your principal and income will fluctuate. Our philosophy is educating our clients on how to secure a very high, tax efficient income, from fixed, guaranteed sources that mimic another pension or social security check for at least a portion of your income. We believe that is a common sense approach especially when that income is replacing another source of income like a spouse’s pension that stopped or a social security check. A typical scenario with stock and bond portfolio for a person who needs income from their investments to pay for monthly expenses may be the following: A portfolio provides sufficient income during bullish markets, however when the market has a negative return the portfolio is forced to lose even more money because income has to be taken out to pay for expenses. This puts even more pressure on the portfolio to perform and some find they are then forced to stay in the market or even take greater risks. As advisors we educate our clients on how to secure fixed, guaranteed, lifetime income that is secured from fixed sources as opposed to a variable source. We can secure a high income that will never change due to the ups and downs of the markets. That income can be based on a joint income or just one person and the account value will ultimately go to your beneficiaries as well.

Why is an inflation hedge important? If you are spending all of your income on expenses and do not have much left over, there will most likely be a need for more income in your future. Securing a source of future income to cover those expenses are what we refer to as an inflation hedge. Medical costs, food, gas, and just about every other expense will most likely cost more in the future, so having another source of income to turn on is a necessary financial direction for those that have the resources.

Chronic illness planning is the most overlooked part of financial planning by brokers and advisors. It is also the area most brokers and advisor are not as knowledgeable as they should be. When is the last time your broker or advisor talked to you about the importance of securing chronic illness benefits? What will happen to your financial situation when it occurs? What’s the plan? Unfortunately we are experts in chronic illness planning and know what it can do to a family without it. The good news…as advisors, we help educate our clients on how to obtain these benefits at very low cost and most times, for free. Yes, we used the word free. Of course we understand there is always a catch, however, if you can position some money where it is guaranteed, safe, 100% liquid, with no fees, and comes with chronic illness benefits, it’s free! Every financial direction has some way of securing chronic illness benefits along with it. For example if you need income from your assets to help pay your expenses there are strategies that provide income and chronic illness benefits. If you are maintaining liquidity, there are strategies to maintain that liquidity and safety and receive chronic illness benefits. Some people are lucky enough to even have assets they know will pass to beneficiaries. These assets we call wealth transfer assets since they will be ultimately transferred to beneficiaries. There are strategies and concepts that can not only transfer these assets to beneficiaries more tax efficiently, but can come with chronic illness benefits during your lifetime as well. You know the saying: knowledge is power. We educate our clients on how to receive all of the benefits that fall in your financial direction and how to obtain chronic illness benefits for free or very low cost along the way.

Wealth transfer is a financial direction that some people have regardless of whether or not they want it. When you have plenty of liquidity, income from fixed sources to pay your expenses (including entertainment and gifting, etc…), an inflation hedge, chronic illness benefits, and extra assets on top of that, those assets are going to beneficiaries. Those assets are going to beneficiaries because you will never spend them because you have no need to. We educate our clients on how to transfer those assets that are going to go to beneficiaries anyhow, more tax efficiently. As an example, we have many clients that have IRA accounts and are forced to take the required minimum distribution (RMD’s) but they don’t need the income. They take the income because the IRS makes them, they moan a bit and pay the tax, and then they just park the money in another account where it will ultimately just go to beneficiaries. There are many tax efficient ways to transfer these tax time bombs like your IRA or annuities to beneficiaries much more efficiently. In most cases the taxes to the beneficiaries will be zero or 100% tax free.

Annuities. Let’s just get the good, the bad and the ugly out of the way with these products. Annuities are for income, period! We do not like annuities for those who are simply parking money to be ultimately transferred to beneficiaries because we know more tax efficient ways to transfer money to beneficiaries. Annuities used for this purpose end up being tax time bombs. We also do not like annuities if you are trying to get the best “yield”. Annuities are not liquid, and do not provide the best means of growing your money for transferring out to something else later on. We love annuities for income because that is what they are designed for. Someone with a direction of wealth transfer will most likely never need an annuity. Someone with a financial direction of income may. There are many types of annuities, with many terms, and many features, but in general only use them for income. If you do own annuities and your financial direction is not income, no reason to panic. We help educate our clients on how to actually use these annuities as an engine to transfer wealth tax efficiently.

Needs based planning, specifically comprehensive post-retirement financial planning that is based on financial direction is vastly different than product based sales such as buying stocks and bonds or someone who only pushes annuities. We are comprehensive post retirement financial advisors, we don’t push products, and developing the relationship with you is far more important than any product sale.