Josh Sparks

JoshSparks@JoshSparks.com

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The Government seems to be printing out dollars like there is no end. Inflation can only stay at this level for so long! Its as though our government is blowing up a balloon it hopes will never pop. As we all know if you continue to blow up a balloon it eventually pops.

Do you remember when you were a kid and use to dig holes until they were so deep you almost couldn’t get out. I mean even as a kid you knew when to stop digging, so why does our government not know when to stop digging?

With the recent market performance those of us on a fixed income or no longer accumulating assets are left with our head spinning wondering what to do. Will we outlive our assets or is the legacy we were planning to pass on really worth what it was.

A solution needs to be developed and implemented that hedges against inflation, allows for conservative growth, secures your retirement, and eliminates the need to worry any longer! Traditional planning no longer exist effectively in this environment.

When you build a house you have to start with the foundation! The contractor does not start with the roof and then hope for the foundation to fall into place. Your Financial & Retirement Planning In Naples should not be any different. You must first identify your lifestyle needs. Those needs have to be met with planning that has zero, yes zero risk! Why would you want any other type of planning when the last 50-60+ years of your life was spent collecting hard earned assets for this “retirement” stage of your life. Economic and government changes should not negatively effect your intentions that you have had for so long!

Once you “SECURE” your lifestyle needs it is only those funds that are left that should be used for potential wealth accumulation and growth. Why risk your lifestyle with the possibilities of your current advisor making a poor decision. One thing all retirees don’t have is time. Retired individuals do not have the time they once had to wait for a market correction.

Is it not time to secure your retirement and lifestyle with little to no risk? Get a plan that is based on solutions that work to fit your needs and objectives!

Josh Sparks

Your Personal CFO

A popular question I get from a lot of clients when it comes to financial and retirement planning in Naples is whether or not they should cash out their bonds, CD’s, and/or stocks to invest in other options like high yield life settlements or indexed annuities.

Typically when an individual cashes out a Bond or CD there is some sort of penalty involved for early liquidation. Those penalties vary from one financial institution to the other. It is best to contact the broker or bank from which you purchased these instruments to find out if any fees are associated with early termination. In some cases you may have a defined time period that you must hold the instruments before cashing them out and others allow you to cash out free of charge.

When you look at the returns with Bonds and CD’s its only a marginal 2 or 3% if your lucky and are typically weak tools for financial or retirement planning in naples. Some bonds can offer an even greater return but they still do not hold any comparison to other available instruments. The banks and financial institutions want you to buy CD’s and Bonds because that is how they raise capital to continue loaning money.

Just the other day I had a client come in that was concerned about a tax bill she was receiving this year. I uncovered that her bank encouraged her to completely cash out her IRA to purchase $50k worth of CD’s. This move from a qualified account made her liable for a $5100 tax bill. Clearly it was the banks fault for not educating her on the liabilities that would exist after such a transaction. These types of situations happen all the time and its clear that some bankers are operating in their own best interest. So when you deal with them remember that Bankers are not the best financial and retirement planning in Naples experts. I would encourage everyone to take time and consult their financial advisor on these types of transactions.

So we have to make sure that when cashing out instruments like CD’s and Bonds it makes financial sense to do so. Their are products that offer either a high return or a bonus for participation that can easily make up and overcome the penalties acquired for liquidating low yield instruments like CD’s & Bonds.

My bit of wisdom is to analyze these details and remember that I am always here to help. The navigation through this financial puzzle is easiest with expert advise from your advisor. Bonds and CD’s are safe instruments today and are great alternatives to the market. However, there are other options available that will outperform and even carry less risk

Josh Sparks

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

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Josh Sparks

For years the markets have been expected to turn a 10-12% return. Lets take a minute and look at actual historical data for financial and retirement planning in Naples. If you look at the real numbers the market has actually only increased at about a 5% rate yearly on average until today. That is if you dont include dividends and so forth which might bring it up to around 6-8%. Financial and retirement planning in Naples for individuals younger than 59 it is typically ok to assume these numbers because of their ability to wait out the bad years. However, if your retired and no longer have a steady stream of income and rely on the earnings of your portfolio to survive these dips can be very devistating and even impact your lifestyle. When these dips occur those who are retired are forced to cut into their principles therefore effecting their overall well being for the future of their lifestyle. This does not need to happen! Retirement planning should be a plan for safety with safe returns that actually considers the tax effeciency of those investments. Even though one may have a solid retirement planning outline it is important to note the taxes that may be wittling those earnings away! Your typical advisor may make investments sound really good on the outside but deep within there may be catches in things like taxes or 12b-1 fees.

Did you know that interest earned on CD’s and Bonds effect your taxes! Yes thats right you have to pay taxes on the interest your bonds earn regardless of whether or not you cash them in and use those earnings. A lot of financial and retirement planning in Naples is done so using muni-bonds to help avoid this taxation! The only problem with muni-bonds is that they actually impact the amount of social security taxes you have to pay. Once again this plan can be very detrimental to your lifestyle during retirement. So what does all of this mean? Well it means that you have to do some retirement planning that not only solidifies your ability to never outlive your principle but will be tax effecient. Products do in fact exist that can do this and if those products are used correctly you can surely reap the benefits.

Before we carry on into that we must understand a couple things about the current economic situation and where we might be headed. Understanding these things will make the financial and retirement planning in Naples objective a lot easier to meet. First off we have just experienced one of the largest financial upsets this economy has ever seen. What is on the horizon is Alt-A mortgages that will soon be due for reset and a national debt that is expected to double in the next 8 years. Taxes are at record lowes and the only way to start paying this mess off is with tax dollars. So it is very important that you take the necessary steps to minimize these liabilities.

Josh Sparks

As some of you know I took the opportunity to go down to Naples, FL for a while to work with one of the top five players in the annuity and retirement planning business. I have learned more in the last week than I have in the entire year I have been in this business. I wanted to take some time to share some very important things with you concerning your financial and retirement planning in Naples.

First off did you know that this year you are allowed to roll money over from your IRA or 401K and defer those taxes to the following years if done so correctly. Now is the time to take advantage of those taxes. By setting up a carefully planned rollover schedule you can avoid the huge tax losses and gain the advantages of the Roth IRA tax free growth. Not to mention the lowest level of taxes most of us have seen in some time or may never get to see again.

Just what does the “Roth” offer? Well in a 401K, IRA, or similar instruments you get taxes deferred to a later date. If your like most everyone in this country you have no clue what tax bracket you are going to be in and you agree that taxes are going up. Lets be honest we are experiencing some of the lowest taxes in a long-long time right now. As a financial and retirement planning in Naples company “Sparks Financial” can show you how a rollover into a tax-free growth account known as the “Roth” may work for you. This is not for everyone but could very well fit into your financial and retirement planning in Naples needs.

Sparks Financial also offers a system for financial and retirement planning in Naples that allows our clients to build a retirement income. A retirement income that they can not outlive and provides the sustainability that they need to continue their normal life style. These systems may not work for everyone but with the 80 years of combined experience that our firm provides we have the ability to use that experience to design a system that fits your needs.

Feel free to contact Sparks Financial today if you feel that taxes are going to affect your retirement, if you are afraid of outliving your retirement funds, or you want to make sure that you are leaving a lasting legacy for your heirs. I look forward to hearing from you

Josh Sparks
joshsparks@joshsparks.com

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

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

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”

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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