I guess summer is officially over! Woke up over the weekend with the temperature at 28 degrees, and the yard full of leaves and pine needles! Yikes, I liked it better a couple of weekends ago when it was 80 degrees and I went out on the boat, instead of raking and blowing leaves. We want to wish everyone a Happy Thanksgiving in a few weeks, and hopefully you'll be able to spend cherished time with family and friends. Like most months, Kelly and I have kept busy, and I'm always thankful for that. Things continue to change in our industry, and we're working hard to stay on top of it. EXAMPLE: Have you ever heard of a QLAC? This stands for Qualified Longevity Annuity Contract. On July 1, 2014, the IRS and Treasury Department released final regulations on the treatment of qualifying longevity annuity contracts, or QLACs, under the required minimum distribution (RMD) rules of Internal Revenue Code section 401(a)(9). Utilizing these types of policies may allow you to defer a portion of your RMDs until age 85, which could be a nice benefit for higher net worth individuals in particular. Various insurance companies are coming out with individual QLAC products that may be very beneficial for some folks. If you'd like more information as it becomes available, or would like to set up a visit to discuss, just let Kelly know and we'll get you on the calendar. Enjoy this month's "Thoughts for the Week" from Global Financial Private Capital and my latest Lake Norman Magazine article. Don't forget to listen to Kelly and me every Wednesday morning at 8:00am and Saturday morning at 10:00am on "The Safe Harbor Retirement Planning Show" - on WSIC 1400AM and now also on 100.7FM! Or, go to the radio tab on our website where all the shows are uploaded for your enjoyment, as well as all the interviews I've done with "The Big Guy" Harold Johnson, and with Joe Vagnone & Wayne Bidleman on "Local Biz Now"! It's all educational and fun! Also, my new book "Finding Safe Harbor in Retirement" is nearing completion after being in the works for over a year and a half. What an interesting experience authoring a book. We're really excited about it. Just let us know if you'd like a copy, and Kelly will get you on the list. As always, if anyone would like a free consultation, quote, portfolio stress test, or additional information, just shoot us an email or give us a call. Until next month,  James Stillman |
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The Power of Life Insurance
for Legacy Planning
Lake Norman Magazine, November 2014
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Now that summer is over and fall is here, I'm sure most of you are planning Thanksgiving dinner, not to mention that Christmas is just around the corner! But, what's the common denominator with all of these holidays? For many it's all about family. What a blessing for those families that have the opportunity to spend time together, and enjoy each other's company. Or, for many it's about helping others in need that may not be quite as fortunate. For many, it's extremely important to leave a family legacy, as well as a legacy in their community. All are honorable goals for sure, but how do you assure you meet your legacy goals?
The most important thing I can say in regards to legacy goals is this, HAVE A PLAN! Of course when it comes to retirement planning, our readers know I always say that. Let's discuss the top three things that can "blow up your legacy":
A) Risk - Obviously if you take too much risk with your investments, and you lose the money, there goes your legacy.
B) Healthcare / Long Term Care costs - If this is not planned for properly, it can devastate your estate / legacy.
C) Taxes - Do you think taxes are going to go up in the future? Only a dreamer would say no (I'm being kind).
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Oh How Soon We Forget
GFPC Thought for the Week (318)
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Synopsis*The strong investment gains seen in the broader equity indexes over the past six years are frustrating many conservative investors who feel that they have not participated.
*The Investment Committee strongly urges investors to remember that it's not about the total return, but rather how much risk you are comfortable adding to your portfolio to get that return.
*Those in retirement should aim for consistent returns rather than highly volatile ones, particularly since we are living longer than prior generations.
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A Nightmare on Main Street
GFPC Thought for the Week (321)
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Synopsis
*Many Americans are planning to enjoy Halloween this evening by either watching a scary movie or visiting a haunted house.
*The unfortunate reality is that more than half don't have to look too much past their own retirement accounts to witness a real life horror story.
*Proper diversification and consistent returns are the keys to retirement, and most Americans are urged to seek help from a seasoned financial planner to meet their short and long-term needs.
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All content is intended for informational purposes only. Any guarantees are for insured products only and are dependent on the claims paying abilities of the insurer. All investments carry some risk and you should be advised by your personal financial advidor before implementing any strategies discussed, as they are not suitable for everyone. James D. Stillman is an Investment Advisor Representative of JDS Wealth Management Corporation and Global Financial Private Capital.
JDS Wealth Management Corporation's outgoing and incoming e-mails are electronically archived and subject to review and/or disclosure to someone other than the recipient. We cannot accept requests for securities transactions or other similar instructions through e-mail. We cannot ensure the security of information e-mailed over the Internet, so you should be careful when transmitting confidential information such as account numbers and security holdings. If the reader of this message is not the intended recipient, or an employee or agent responsible for delivering this message to the intended recipient, you are hereby notified that any dissemination, distribution or copying of this communication is strictly prohibited. If you have received this communication in error, please notify us immediately by replying to this message and deleting it from your computer."
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