JOSH SPARKS YOUR PERSONAL CFO

My services are different because my team of CPA’s, Attorneys, CIO’s, and Advisors will work with you to build and implement solutions that are tailored to your specific needs and objectives. Those solutions are centered around 5 different categories that include Income Planning, Estate Planning, Wealth Accumulation, Tax Planning, and Asset Protection. As your personal CFO I will evaluate your situation and develope a plan that is tailored to meet your specific needs and objectives.

I focus on using solutions rather than products to provide my clients with a safe predictable income no matter what the market does. Life Insurance in Naples should focus on systems that offer specifically designed solutions that have tax favored incentives and will provide an income that will not be outlived.

Do you know what the difference is between tax avoidance and just not paying taxes? About 20 years in jail! A very good product that can be used for a tax shelter is an indexed annuity. When some of us hear about annuities we run for the hills. The only thing is its hard to understand that all of the bad news you hear is about variable annuities and I never will use those in my planning! I have used in the past a product that is known as an indexed annuity. These types of annuities can have no fees and only ride up with the market, never down. When the market goes down the cash value never falls in the annuitants policy. Here is a chart that shows a good example of the differences between CD growth, Stock growth, & an Indexed Annuities growth.

After looking at this chart it is evident of the actual benefits of an indexed type annuity. Not only will this benefit your portfolio but when it comes tax time you can avoid unwanted taxes. For example I have several life insurance in Naples clients that receive monthly payments for life by one of these types of products. When it comes tax time they are only responsible for paying taxes on money that they have used throughout the year if there is no RMD. Unlike instruments like CD’s or Bonds they are not taxed on reinvested interest earnings which can make huge differences in your portfolios balance. As you can see the tax advantages here are outrageous. Unlike stocks, bonds, and cd’s that make your tax liability increase and include fees those earnings you think your making are actually a lot less than it appears. Everyone thinks the market grows at a steady 10% each and every year. However, if you look back to the S&P 500 from its original established date the growth is only around 5%. There are always a couple of good years in every decade but the multiple down years usually play into leveling the earnings. If your retired you can not afford these fluctuations and do not have time to wait on the corrections!

If a downturn occurs in the market as it did over 2008, retired individuals that continue to pull out money they need to maintain their lifestyle will possibly find themselves running out of income!

Insurance carriers typically have to maintain legal reserves that are equal to 1.05-1.07 for every dollar its insureds put in. If an insurance company’s reserves drop below .99 cents for every dollar put in, the company is deemed insolvent and the insurance commissioner makes the other state insurers buy them out. Out of the some 129 banks that have gone out of business I have not heard of one insurance company failing. That banking number continues to climb as debt and instability within the market place increases. I have answers to your concerns and its always worth a second opinion!

Josh Sparks

Thats Right! Become Your Own Bank…The Information You Are About To Read Will Change Your Life, Guaranteed

If your like everyone else I talk to these days doing financial and retirement planning in Naples your sick and tired of watching the rich get richer while the poor get poorer. If you want to change that situation keep reading and I will tell you their secret! Im here to tell you that I can honestly show you how to save yourself over 1 million dollars in your entire life time without ever changing your spending lifestyle habits! That means you will have an extra million dollars in your account for retirement, vacation, that new house, whatever you want. Keep reading Im going to tell you how this happens

So just how do you become your own bank? Well it works like this! I show you how to manage your debt and allocate the left over earnings into a life insurance policy. This life insurance policy becomes your bank and enables you to take advantage of tax savings, benefits, and interest. This policy is funded basically with no money out of your pocket!

Next time you purchase a car the money comes out of your policy as a loan. You know you would have paid the dealership around 10% interest so why not pay yourself that 10% interest? Once you get that loan from your policy pay off the car and take the monthly payments you would have had and pay those back into your life insurance policy. I know this is out of the ordinary for your typical financial & retirement planning in Naples objectives but it really works

So, what does a bank do? Loans you money and charges you interest on that loan. Ok so if you loaned money out of your policy to yourself and now paying the loan off with interest to yourself into a tax deferred account. Imagine how that stacks up saving wise when the interest you would have paid is put back into an account that grows tax deferred while compounding interest. These numbers add up very quickly, you only have to make sure that the person setting your policies up are doing so correctly. It takes a professional advisor to help you do this!

Here to help you become your own bank and show you how we can fund these types of policies without any change in your lifestyle. Dont listen to your financial advisor that tells you his investments will earn you more interest. Think of it this way when doing your financial and retirement planning in Naples. If you become your own bank you will not only get the interest you would have spent, back, but it will grow in most cases tax free. Thats a huge difference when your paying bills with 10% interest and only growing your money at 4-6% in a IRA or 401K. Are you starting to see the secret of how the rich get richer? Check out this example

Sample Client
Finances a car at 10%
has to pay back the principal plus the interest

Sample Client 2
Finances a car at 10%
Has a 401k that earns 4%
Has to pay back the 10% on the loan principal and only earns 4% on 401K principal

Sample Client 3
Buys car with money out of policy
Pays self the 10% on the principal back to self
money grows taxed deferred that is paid back from loan
Investments continue to grow as normal in 401k plan
No money out of ordinary lifestyle to do this

Can you see the difference now with the examples. Are you following the numbers? Contact me today for a consultation.

How much would my services be worth to you if I told you using my concepts would save you over 1 million dollars in your lifetime? Would you believe me now? I can tell you my services are no where near that expensive and I look forward to hearing from you!!

Don’t forget to go to the home page and sign up for my newsletter. Each of the articles I write will be sent directly to your email account. Articles are posted on a weekly basis! Thanks for visiting http://www.joshsparks.com

KNOW THIS BEFORE REPLACING YOUR LIFE POLICY

When I do life insurance reviews and replacements as a part of the financial and retirement planning in Naples, I give my clients full and complete disclosure of every detail and comparison of both policies. Even though some aspects of the new policy may look inviting, you really must get to the bottom of the details to determine whether or not your making the right decision.

Life Insurance Reviews can lead to a replacement when top market carriers are so fiercely competing for new consumers. If you gather all the right information and evaluate every aspect, you can actually save a generous amount of money on premiums while even having your benefits increased. In today’s market it is extremely important to have a life insurance review as part of your financial and retirement planning in Naples. Just having your stocks and bonds reviewed is no longer sufficient!

Make sure you weigh out the affects of a life insurance review that turns to a replacement. When replacing a policy you will have to pay acquisition charges on the new account. Just like the account you are replacing the new insurer will want to be paid for the expenses of bringing on a new client. This includes things like marketing expenses, commissions, and other direct and indirect marketing expenses. Your current policy may also charge you a surrender fee for early termination. Both acquisition fees and surrender fees will pay a huge part in deciding on your new policy. If the surrender fee is high and the acquisition fee is high you will need to look at the projections of the new policy. By projections I mean the timely check of face values, total premium accumulations, and so forth. In a lot of cases your policy will not be generating any better benefits and sometimes worse benefits for the first few years of the new policy.

However, a careful examination of the IFL “in-force ledger” by a professional in financial and retirement planning in Naples like myself, can help you determine if the benefits of the new policy will occur in a timely fashion and if the final projections are worth applying to the positioning of your portfolio. Insurance reviews that result in a replacement can be a very beneficial thing to you and your beneficiaries as long as it is done correctly.

Keep in mind that a financial and retirement planning professional in Naples can also help you contact and work with your current insurer to possibly get a modification in your contract to fit your present needs. This could occur at a much lower upfront cost. It all depends on your situation and the insurer. All the variables must be analyzed by the help of your agent for financial and retirement planning in Naples. If you are looking for professional consultation contact Josh Sparks, your local life agent to help determine if there is a policy on the market that could help better position you in the market place.

Don’t forget to go to the home page and sign up for my newsletter. Each of the articles I write will be sent directly to your email account. Articles are posted on a weekly basis! Thanks for visiting http://www.joshsparks.com

Josh Sparks

The Policy Exam or Life Insurance Review

A Service Offered By Your Local Life Insurance in Naples

In today’s evolving marketplace, your life insurance policy needs to be assessed on a regular basis by an experienced advisor that puts your interests first. This is known as a policy exam or life insurance review in some cases.

Dear Mr. and Mrs. Client,

I am offering you a free service to make sure your policies are competitive with current market trends! You will receive a detailed chart of your policy’s original projections along with comparisons against top market carriers. A free evaluation that simplifies your insurance needs is also available. All of this is part of the free unique Policy Exam and life insurance review service offered by your local life insurance company in Naples.

Insurance, like all financial instruments, evolves over time. Just as fluctuations in the stock and bond markets demand regular portfolio maintenance, so too does the changing insurance marketplace of your life insurance.

The Policy Exam will help you stay informed, proactively analyze and update your insurance policies and solidify your financial wellbeing.

Too often, un-checked insurance policies perform poorly, falling victim to negative changes in crediting rates, and lower cash values.

The Policy Exam and life insurance review starts with a unique, highly effective review of all your policies. I have expertise in a variety of types of insurance, allowing you to review or analyze almost any type of policy, including trust-owned life insurance.

If you find another policy is best for you after receiving this in-depth Policy Exam, the transfer process is simple. Your cash values will roll over into the new policy and everything will proceed basically unchanged!

“Lets Get Started Today! You Will Be Contacted Immediately”

Don’t forget to go to the home page and sign up for my newsletter. Each of the articles I write will be sent directly to your email account. Articles are posted on a weekly basis! Thanks for visiting http://www.joshsparks.com

Josh Sparks

“What is Non-Guaranteed vs Guaranteed Death Benefit?”

Basically Non-Guaranteed vs Guaranteed Death Benefits is a term that refers to whole life policies. Lets cover some background details to simplify these terms!

You can have a whole life policy that either runs for your entire lifetime or you can have it where it runs until your a certain age (not to be confused with term, term policies do not build cash value. We are only talking about policies that build cash value here). That age can be determined with your insurance agent on whatever grounds they have set within the policy. I prefer lifetime policies because my clients will never have to worry about what they are going to do after their coverage runs out.

A Lifetime policy will cover the client until death whether they live to be 45 or 145! However in some policies the coverage may only be good for 30 or so years. This is not a term policy but an age at which the policy will endow. That means that the cash value inside of the policy will match the benefit to be paid. This type of policy is where Non-Guaranteed vs Guaranteed Death Benefits apply.

If you buy a policy that is not a lifetime policy it will eventually have built up so much cash value that the benefit to be paid is equal to the cash value built up within the policy. This is simply known as a time when the policy endows. These types of policies have an exact rate to be paid out known as a “Sum Assured” amount. Lifetime policies can have adjustable “Sum Assured” amounts to be paid.

Premiums paid into whole life insurance policies build interest. Those interest rates can be “guaranteed” or “non-guaranteed.” If your policy has a 16-year guaranteed death benefit that means that the premiums you are paying in have a guaranteed rate of return or interest for 16 years. That interest rate is paid out as part of the benefit or the endowment. Aside from the guaranteed benefit there is also a non-guaranteed benefit where the interest earned is not guaranteed and the benefit then is variable depending on the interest rates of the time. So basically Non-Guaranteed vs Guaranteed Death Benfit are guaranteed or non-guaranteed interest rates to be paid on the premiums going in. Non-guaranteed death benefits are variable rates paid on premiums going in and therefore you have a variable benefit paid out.

Questions Or Comments about Non-Guaranteed vs Guaranteed Death Benfit

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Josh Sparks
joshsparks@joshsparks.com