Welcome to Estate Preservation

 

 

 

 

 

 

 

 

Even though the federal estate tax laws were recently changed (to the

benefit of many individual taxpayers),  estate taxes could still pose a

threat to your overall wealth. With highest estate tax rates still close

to 50%, protecting  your estate from the ravages of estate taxation

(not only for now but for  the future), remains a priority for higher

net wealth individuals.

 

Unfortunately, some families place their wealth at risk, even with the

best intentions in mind. Married couples sometimes do it by owning

assets jointly or by naming spouses as the sole beneficiary of their IRAs

and other retirement plan accounts (without naming contingent beneficiaries).

Naturally, you would want to ensure that your spouse has sufficient financial resources for support after you die, and passing your IRA to your spouse upon your death can be a good way to provide this support.

Longevity or the risk of outliving your savings is a significant concern

for many who are facing retirement  today. It goes without saying

that improper assumptions about life expectancy can sometime lead 

to inappropriate financial planning in retirement.

 

So how long should your retirement savings last? Unfortunately, 

different statistical sources can sometimes lead to conflicting

assumptions. For example, IRS publication 590 for 2004 suggests

that a 70-year-old is expected to live 17 years, on average. Are you

average? Do these statistics tell the whole story?

 

Tables that present average life expectancies suggest that  half of

the people reaching age 70 will die prior to age 87 and half will

live past age 87. So what planning horizon should you use for your

 financial planning? With this question in mind, let's take look at

a second source of information provided by the National Vital

Statistics Reports (2004):

Attained Age	Probability of
	Reaching age 90
70	26%
75	30%
80	38%
85	55%

Derived from National Vital Statistics Reports, Vol. 52, No. 14,

February 18, 2004 Table 1: Life Table for the Total Population:

United States

 

This source approaches the life expectancy question from an

alternative perspective. The information from this source suggests  

that while the average life expectancy might actually  be 17 years at

age 70, there is actually a 26% chance that such a person will live at

least to the age of 90.

In view of this finding, would you feel comfortable planning for just

17 years?

 

The probability or expectancy of living to certain ages is relevant

when you make financial decisions. With this information, you

can make informed decisions about your spending. For example,

should you go ahead and spend more per month, given that your

money under your current budget is projected to last until you are

age 90? After all, you might only have a 26% chance of living past  

age 90 anyway? But, what happens if you live past age 90? These

are the types of decisions that require careful planning.

 

Would you like some information so that you can assess the adequacy

of your financial plan and how long your financial resources should last ?                                                                                                                                                        

Call 972-686-2810  explore many great opportunities.

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DO YOU NEED INCOME?

 

Are you looking for a guaranteed "Pay Day" for the rest of your life?

 Let us show you how to secure your retirement income, then pass

it to the Spouse, then to your Children.  

Most of you are building a retirement program for the Government!

 

Are you earning 8%? Call us today and we will show you how

your money can grow at 5%, 7% or 8% with guaranteed lifetime

income.

 

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You've saved your ENTIRE LIFE -

 

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products are insuranced and guaranteed.  We will show you how

to protect your assets.

 

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Let us show you how to stop the worry of LTC,Cost of Living,

Inflation and running out of money with a Lifetime Income Program.

If you have yet to develop a plan for you and your family and

would like to learn about a program that will grow at 5%, 7%  or 8%

don't wait -

"Call today for a no cost, no obligation 'Get  Acquainted' meeting,

 and begin your financial planning  process now!"

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