Risk Management/Insurance

How Global Vision Advisors Can Support You.

For over 40 years, we’ve offered a review of business or family requirements for all types of insurance in the life, health, disability and long-term care arenas.

Additionally, in the financial planning assessment, often times, we will uncover requirements for managing risks in the wealth preservation and transfer phases of a family owned and managed business, where sophisticated uses of life insurance may protect the inheritance of the next generation.

Retirement Requires A Tax-Deferred Plan

Taking control of retirement assets begins with early planning. Because retirement assets that accumulate in employer-sponsored 401(k) plans, IRAs and annuities grow on a tax-deferred basis, all of the earnings — growth dividends, capital gains and interest — are added to the investment for future compounding. The earlier you begin saving, the larger the total amount can grow.

Since annual maximum limits are placed on contributions to individual retirement savings plans (for 2006, that’s $44,000 in Keoghs/SEPs, $15,000 in 401(k)s ($20,000 for those age 50 and above), and $4,000 in ROTH/IRAs and $5000 for those age 50 an above) you may be looking for other tax-advantage vehicles. Annuities are becoming more popular for just that reason. Because the assets in a fixed annuity grow on a tax-deferred basis and there are no annual contribution limits, they can be an excellent choice as supplemental retirement savings vehicles.

Annuities

Annuities are flexible insurance contracts designed to provide income and help families and individuals achieve long-term savings goals. Annuities are a popular savings vehicle, and are essentially a long-term contract between you and an insurance company. Annuities have two stages: the accumulation phase and the payout phase.

During the accumulation phase, you make purchase payments to the annuity, either in one lump sum or on an on-going basis. An annuity grows tax-deferred during the accumulation phase. It is similar to a traditional IRA or 401(k) where the gain is taxed when you choose to withdraw those gains from the annuity.

After making a single lump-sum premium payment, or a series of periodic payments, you can then receive regular annuity payments from the insurance company. These payments can be made over a definite period of time, or they can last a lifetime. Payments to the annuity owner can also be tailored to begin after the contract has been established for a number of years, or they can begin immediately after the first premium payment is made.

Fixed Annuity

A fixed annuity is a tax-deferred investment that offers a competitive interest rate over a specified period of time.

• Fixed annuities are often used for additional retirement income and to diversify your portfolio.
• A fixed annuity can add stability in your portfolio, providing fixed income no matter what happens in the stock market.
• A fixed annuity has none of the risk and volatility of a stock-market investment and can be more stable than some other fixed-income instruments.
• 401(k) Plans and other Employer sponsored Retirement Plans. As a general recommendation it is advisable to participate in a corporate sponsored retirement plan. The main advantages are:
• You are not taxed currently on the portion of compensation that is placed in the plan.
• An employee has the option of choosing between cash or future benefits on a year-to-year basis.
• The contributions enjoy tax-free reinvestment of earnings and the opportunity to receive special tax treatment on certain plan distributions.
• The plans frequently features an “employer matching” provision in which the employer makes a contribution to the plan equal to (a certain percentage of) the employee’s contribution.

Knowing how to fulfill your intentions begins with knowing your intentions.

The discovery process is the first step in our relationship with you.  You are asked what is important to them for yourself, your family and your place in society. We continue this conversation with you as we pose questions through one-on-one meetings and experiential based processes. These inquiries are designed to encourage you to reflect upon what you value most and what you hope to achieve in your life.

After helping you develop a more complete knowledge of the ideas and objectives that are central in your life, we explore how your concerns and principles can shape your decisions and guide you to become more intentional regarding your time, relationships, health and money. The clarity achieved guides the relationship between you and Global Vision Advisors and shapes a plan of action.