Blog

CSO Tables…And What They Mean For You

Jul 24, 2019Tomas McFie

CSO Tables…you won’t find these tables in any furniture store. CSO (Commissioners Standard Ordinary Mortality) Tables are produced by the Society of Actuaries and the American Academy of Actuaries, who work together to glean the data that provides insurance companies the necessary information to determine what reserves they need to keep in order to pay …

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Should You Defer Your Taxes or Plan to Have Access to Never Taxed Money?

Jul 17, 2019Tomas McFie

There is absolutely no question that your money has the potential to grow faster if you defer the taxes you owe when you earn that money.  However, not knowing the tax rates that you will be charged in the future on that money is a gamble that may not be sustainable for you. Not to …

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How to Keep More of What You Earn

Jul 10, 2019Tomas McFie

Too many financial planners, CPAs and life insurance agents are so busy talking about rates of return that can be earned either in mutual funds, stocks, bonds or even life insurance, that they fail to properly inform you that most Americans are not saving enough money to retire on.  In fact, outside a brief spike …

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Back to the Basics

Jul 3, 2019Tomas McFie

Recently a southern state spent $214 million over a four-year period to hopefully improve the reading proficiency of fourth grade students. The results were dismal.  According to the Nation’s Report Card, only 1 out of 3 of this state’s students improved their proficiency and their fourth graders fell from 39th place to 47th place nationally.[i] …

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2 out of 3 Regret Their College Degree

Jun 26, 2019Tomas McFie

Unless your degree is in science, technology, engineering or math, you have a 66 percent chance of regretting that you ever went to college.[i]  And that is in large part because the degree earned provides an insignificant difference in income earned. Take for example a registered nurse.  They will spend somewhere between $40,000 -$100,000 on …

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Understanding Indexed Universal Life Insurance Values

Jun 19, 2019Tomas McFie

It is common to see a table of past index performances in an Indexed Universal Life Insurance (IUL) illustration. These performances are always accurate but can be misleading if you don’t comprehend how past performances relate to creating value in an IUL policy. Historical data provides little to nothing in helping you project what the …

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CHEERS to this!

Jun 12, 2019Tomas McFie

In a recent study it was discovered that the average American will spend $120,000 on alcohol during their lifetime. That comes to $2,400 per year, or $6.57 each and every day, for 50 years.  This daily cost exceeds the average cost of a six pack. And that means a lot of alcohol is purchased by …

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When to Buy Your Next Life Insurance Policy

Jun 5, 2019Tomas McFie

Without a doubt, one of the most frequently asked questions asked of us is “When should I purchase my next Life Insurance Policy?” But another related question, which is just as frequently asked, is “Why do I need to own multiple policies instead of just one bigger one?” Here are the reasons behind the answers …

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Nearly 1 out of 2 Pay NO Federal Income Tax!

May 29, 2019Tomas McFie

You read it right, more than 44% of Americans pay ZERO federal income tax. That means that over 76 million people won’t pay any federal income taxes on their 2018 income which is more people not paying taxes than before the Trump tax cuts went into effect. According to the Brookings Institute and the Tax …

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Medicare, Social Security, Hospice and Life Insurance

May 22, 2019Tomas McFie

Recent audits show that Medicare will run out of funding by 2026. And Social Security will be depleted by 2035 and that includes the funds that pay for hospitalization, long term care and hospice. The latest data are based on the projections of an audit performed by the trustees of these funds who are appointed …

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