Tag Archives: Benefit Consultant Inc.

Business Protection Planning

Ask Yourself…

What impact would the death or disability of an owner or key employee have on the continued success of your business?

Objective Issues to Consider Indemnify the Business for the Loss of a Key Employee:

 Do you have key employees who make a substantial contribution to the success of your business?

 Do you know what the financial impact on your business would be if a key employee, including yourself, died? Address the Financial Consequences of an Owner’s or Key Employee’s Disability

 How would you continue your income in the event you were disabled?

 What would the impact on cash flow be of continuing an income to you, if disabled, or to a disabled key employee?

 If you were sick or hurt and unable to work, how would your ongoing business overhead expenses be paid? Guarantee Business Loan Repayment at an Owner’s Death

 When your business borrows money, do you have to sign for the loan once or twice?

 How are business loans to be repaid in the event of your unexpected death? Are your personal assets at risk?

 What would the consequences to your business be of having to repay business loans after your death?

Paying For Healthcare In Retirement

Plan ahead. It wasn’t raining when Noah built the ark.

It would be nice to believe that health care cost increases were a temporary phenomenon. Unfortunately, that’s not the case … the cost of medical care has outpaced inflation for the past 20 years and predictions are that medical and long-term care costs will continue to escalate into the future.

The decisions we make as to how and where we live in retirement are unique to each individual or couple. The options open to us, however, are frequently determined by our financial resources … our ability to pay. This review of the various ways to pay for health and long-term care costs during retirement is offered in the hope that it will be of assistance to you as you make decisions regarding your retirement plans.

Retiree Health Insurance Plans: If your company provides retiree health care benefits, make sure you know how much of the premium you will be required to pay, as well as deductible and co-payment requirements. Retiree health insurance plans are generally designed to coordinate with Medicare benefits. Caution: Even if your employer currently provides retiree health care benefits, there is no guarantee those benefits will be available when you retire.

Medicare and “Medigap” Insurance: Most people qualify for Medicare insurance when they reach age 65. Medicare helps to protect you from the costs of medical care during retirement. One fact, however, is evident … there is no “free lunch.” You will have costs related to medical care and the likelihood is that those costs will continue to increase each year.

Medicaid: Medicaid is a joint Federal and state program that helps with medical costs for some people with low incomes and limited assets. Medicaid is essentially a safety net for those who didn’t adequately plan for their financial needs in retirement, or who encountered unexpectedly large expenses that depleted their financial resources.

Long-Term Care Insurance: Long-term care insurance can put you in control, preserving your assets and dignity, while allowing you to select the type of facility and setting in which you want to receive long-term care services, if needed.

Personal Savings: Review your retirement plan to make sure that it adequately takes into account the potential costs of medical care and long-term care in retirement. If you find a shortfall, you may want to increase your personal savings now in order to have sufficient funds available after you retire.

Home Equity: Many retired people have built up substantial equity in their homes. There are a variety of ways to tap that equity if needed to pay for health care costs in retirement.

Going Back to Work: When it comes to planning for health care needs as we age, it’s time for a reality check. How many 70+-year-old people with health problems really want to be out looking for a job?

Don’t wait until it rains to start building your ark … Plan ahead while the choices are still yours to make!

Contact my office, we can help. (800) 419-5379

Contact@BenefitCI.com

First Meeting with Gurdayal Singh

First of all thank you very much for visiting Benefit Consultant Inc. I’m hoping and looking forward to meeting with you personally.

All the time, people ask me what I do. I show people how money works.

I’m in the financial planning services business for 26+ years with a very unique approach, in that I help people find money that they’re currently transferring away unintentionally, unknowingly and unnecessarily.

I believe I can have a bigger impact on your future by helping you avoid the losses rather than picking a winning investment or winning stock or winning mutual fund. It makes no sense to have a million dollars only to discover you lost a million on the way.

I don’t like the way financial planning is being sold to the American public. If it were a science nobody would have lost the money. I hope you agree with me on that.

The main goal for our meeting will be to give you a defining moment in the way you think about your future. The conversation is designed to create questions in your mind. This is important because it will tell me that you have started to think about it, rather than being told what to think or what to expect. I want to give you enough information so that you can make those great decisions.

Working together you have nothing to lose but all the money that you’re already losing. Our conversation will be: The Next 3000 Days. Very important, remember that’s about almost 10 years. If you knew what was going to happen in the next 3000 days, you would have a clearer view and you can make a better decision.

In the end I just want to ask you, if something you thought to be true wasn’t true, when would you like to know? I’m sure right now. That’s what we are going to do, looking forward to meeting with you.

Working together you have nothing to lose but all the money that you’re already losing. Our conversation will be: The Next 3000 Days. Very important, remember that’s about almost 10 years. If you knew what was going to happen in the next 3000 days, you would have a clearer view and you can make a better decision.

In the end I just want to ask you, if something you thought to be true wasn’t true, when would you like to know? I’m sure right now. That’s what we are going to do, looking forward to meeting with you.

“Have you Ever paid a TAX that you didn’t Want to”

                                                OR

         “Have you Ever Paid a TAX you didn’t have to.””

Hope Is Not A Strategy, It’s Time To Talk Honestly and Seriously About Your Financial Future

Financial Genie – Gurdayal Singh from Benefit Consultant Inc. Financial Services In Chino, CA