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Check Your List and Check It Twice – A Year End Financial Checklist

It’s the holiday season and your schedule may be filled with parties, cookie making, and spending time with family and friends.  But you better not pout, you better not cry, we’re telling you why.  While Santa Claus is coming to town this month; in a few short months so is tax-time.  Read our year-end financial tips that might help keep you off the naughty list come April 15th. (more…)

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Understanding Annuity Lingo

“Does that make sense?” Raise your hand loud and proud if someone has ever said this to you and you answered “Yeah, of course.” when you really had no clue what was being said.  I am guessing there are quite a few hands up right now.  I know I am guilty.  Why are we so afraid of admitting that we don’t understand something?  Here are some of the essential terms you need to know about annuities so you can spend more time understanding and less time Googling.  Understanding what is being said is important.  You know what I mean, right? (more…)

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The Gift Is in the Giving

Today is Giving Tuesday. I’m not exactly sure who came up with the idea but personally, I feel conflicted. On one hand, it’s great to have a focused day to remind everyone that they should try to give back. On the other hand, I wish every day was a day of giving, that it was built into the fabric of who we are. But many of us are busy and we forget. Or maybe we don’t think what we can give would make a difference.

Well, think again.

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How Will You Finance Your Bucket List?

I graduated college in May 2015. Before I graduated I was guaranteed a position at a Fortune 500 company. Within three months of being with the company I knew it wasn’t the place for me. I did not enjoy going to work. I decided after 13 months it was time for me to take a leap of faith and resign.

I started working for National Life Group (NLG) in September. I enjoy coming to work every day. I love my job! Which still feels crazy to say. How many people don’t get sad on Sunday when they realize tomorrow is Monday… another day at work? I don’t. NLG is a company that is mission driven and purpose focused. The company has challenged me to reevaluate my life’s mission as well as take my financial planning seriously.

I am 23 years old and have already changed my mind four times about where I want to live. Stay with my parents? No leave and get my own apartment. Oh wait why not just get a house? Oh wow the high rises in downtown are gorgeous!

I have realized that I change my mind quite often about what I want, but isn’t it nice to know it is ok to change your mind? How nice to know you have options? Planning helps to ensure that you have choices. To be more specific, financial planning is a very important piece of the puzzle.

For example, how can a person help to guarantee a steady income even after retirement? While working for NLG I found out about an amazing opportunity for how I could begin to plan for my future at a young age: A fixed indexed annuity with the Guaranteed Lifetime Income Rider (GLIR)1. GLIR is a rider, or feature, available on fixed indexed annuities issued by Life Insurance Company of the Southwest.  GLIR allows you to take guaranteed income from the annuity at retirement, while still giving you access to the remaining accumulation value in the annuity.  With the two factors that make up my retirement picture, time and money, I now understand the importance of starting today with retirement savings rather than starting later to save toward my retirement.  When I get to retirement, the GLIR will be there to supplement my income!

It is important to realize that you want to live well not only now, but in the future. In order to check off all the items on your bucket list you will need resources and contributing to a financial product now that provides lifetime income in the future may help you get there. Begin planning now. Have the peace of mind that comes from knowing you are making progress towards your financial goals.

 

 

    1. The Guaranteed Lifetime Income Rider (GLIR), as represented in rider form numbers 20135 & 20136, is a rider that can be added to an annuity policy at issue and is available on fixed indexed annuities issued by Life Insurance Company of the Southwest. Electing this rider incurs an additional cost. GLIR may not be available in all states. Guarantees are dependent upon the claims-paying ability of the issuing company.  Indexed annuities have surrender charges that are assessed during the early years of the contract if the annuity is surrendered.  Indexed annuities do not directly participate in any stock or equity investments.  This is not a solicitation of any specific annuity contract.

 

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