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Author: Kris Miller

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Advice Best Practices Capital Leadership

HABITS ARE NECESSARY FOR ACHIEVING YOUR GOALS, AND THEY CAN ALSO LIMIT YOUR SUCCESS WITH SELF-DESTRUCTIVE PATTERNS

Habits and practices may prevent you from achieving your goals.

Habits make us who we are, how we respond to the world, how we act in front of others, and how we think. And that’s not always a bad thing.

The importance of habits cannot be overstated. Why some habits/ patterns are needed:

You don’t have to concentrate on how to drive your car, so you can be on the lookout for danger while driving. You don’t have to think about how to walk, so you can focus on where you are going.

However, habits can also limit your success by keeping you stuck in self-destructive patterns.

More than likely, if you wish to achieve higher levels of success, you will need to drop some habits you have established up to this point.

Therefore, if you want to accomplish something that requires you to perform at a higher level, I strongly encourage you to drop these bad habits that aren’t serving you and develop new ones that align with what you want.

Do you have any habits that prevent you from achieving your goals?

Ask yourself these questions and be honest:

  • Are you late frequently?
  • Do you forget to return phone calls?
  • Do you stay up late and don’t get enough sleep?
  • Are you prone to breaking your promises?
  • Do you spend money that you don’t have?
  • If all your habits were productive, how would your life be?
  • If you ate healthy foods, exercised regularly, and slept enough.
  • How about saving money, avoiding credit cards, and paying cash for everything?
  • What if you overcame your fears and began networking with people in your field instead of procrastinating?
  • To stay on track to achieving your goals, how about creating a detailed plan broken down into monthly, weekly, and daily objectives?

Changing your habits may not be as hard as one thinks:

  • Make a list of all the habits that keep you from being productive or could negatively affect your future.
  • Choose better, more productive success habits and create a system to support them.

Follow these tips to make sure you follow through on your new habits:

  • Put up signs (yes, signs) to remind yourself to follow through.
  • Stay focused on your new habit with a partner. Talk to your partner five minutes a day, or every few days, to stay on track. 
  • Create consequences for failing to maintain your new habit. (Maybe a monetary amount, slightly painful,  for each offense to a charity.

The “no exceptions rule” is perhaps one of the most powerful ways to stay on track.

People don’t suddenly start living perfect lives overnight, and their habits play a significant role in enabling them to create the lives they want. It is up to you to decide whether to develop habits that lead you to create your ideal life or keep you anchored to your current circumstances.

Decide, commit, and watch your new life unfold. What are your thoughts?

For more Healthy Money Tips Listen to our PodCast “Money 911”

Meet with Kris Miller – Financial Fitness Strategy Sessions

https://healthymoneyhappylife.com/

Kris@HealthyMoneyHappyLIfe.com

(951) 926-4158

Categories
Best Practices Personal Development Technology

THE CHALLENGES AND SOLUTIONS OF A FINANCIAL DIGNITY ISSUE WITH A MUST HAVE PLANNING

“Getting up, Getting over, and Getting on. I want to show you how in under 10 minutes, you can be Getting On with… Financial Dignity. I will attempt to combine over 40 yrs experience helping others to achieve fiscal health upon divorce.

Two parts “the problems and some solutions for today and tomorrow. It has been said that “two can live as cheaply as one” what we have now for many is:  One will now live more expensively than two. What we have is a loss of economy of scale. We now have two residences, two separate health policies, and sets of everything from autos to flatware. Additionally, we lose multi-car insurance discounts; the list continues. These problems are on top of our country’s dismal economic future.

 A few years back, I heard this story. A couple went for a walk in the woods and deviated somewhat from the trail, where they happened upon an old wishing well. Intrigued, the wife went first tossing in a coin, and she made a wish and walked away. As she walked away, she heard a splash and turned. The husband was gone, she gasped, “Oh my god, I can’t believe it works.”

Another story this one is not funny: a man and a woman both earn the same income, have the same job titles, and have the same amount in their 401(k)s. Both work for progressive companies that treat different sexes equally; everything is identical. Who gets the bigger monthly pension check- the male? Why? Longevity women usually live longer and will collect for a more extended period. (Same reason men pay more than women for life insurance- they die sooner).

Must change all legal six must-have documents, inc beneficiary forms 401(k), etc. company and personally owned life insurance*

  1. Will
  2. Power of Attorney for financial
  3. Power of Attorney for healthcare  
  4. HIPAA release
  5. Medical directive
  6. Retirement plan beneficiaries

PICTURE

For future planning: 

Idea one: A 50-50 split may leave the women short when splitting assets. You must factor in retirement assets differently. (Ask how much these dollars will produce in income future) and most importantly. It would be best if you planned more safely for these assets much differently than when married.

Idea Two: Reduce taxes. It sounds basic, but we need to do three things:

  • Reduce current taxes
  • Plan future taxes 
  • Now for the critical part plan to use the tax saving to bolster your savings and retirement income. In others, words use Uncle Sam’s money for you. A big issue is avoiding and reducing taxes on your S.S. benefits.  

Idea Three:   Understand Social Security benefits, how, when, and on whom to collect. You can collect on an ex-spouse (if married for ten years). Did you know you can collect on both? They can be staggered in certain circumstances:  the Ex first, then your own, or you first, then the ex. It would be best if you planned to maximize this income, and the laws are complex.

Idea Four: use the “Old Age Roth,” which will ensure your later years are spent living with dignity and not relying on others. 

Idea Five: You must provide a lifetime income stream that CANOT be outlived.

Idea Six: use the Dollar Multiplier in everything you do. Get three dollars in value for every dollar. Like getting low or no cost Long term care coverage attached to a retirement plan or life insurance.

 

For more Healthy Money Tips Listen to our PodCast “Money 911”

Meet with Kris Miller – Financial Fitness Strategy Sessions

https://healthymoneyhappylife.com/

Kris@HealthyMoneyHappyLIfe.com

(951) 926-4158

Categories
Advice Case Studies Leadership

THE GOAL OF LIVING LONGER WITHOUT PAIN OR DISEASE, AND THE GOLD MINE OF THE WELLNESS PROGRAM INDUSTRY

Most Company’s Health Wellness Programs – fail to save any money

In an attempt to reduce the skyrocketing costs of health care, many companies have employee wellness programs. On average, employees spend about 6 K while companies spend about $16,000 per employee on health care. The attempt at cost-saving has not shown any success in saving money and has not proven effective in better health.

Over 80%  of large employers have a wellness program that may include free screenings of BMI, cholesterol, blood pressure, and other health indicators. There are various incentives to stay healthy, from subsidized health classes to insurance discounts to cash payouts for meeting specific goals, such as quitting smoking. 

Research has shown that preventing cardiovascular disease or other chronic diseases is the best way to save costs. Therefore companies thought that taking the preventive role some of these programs offer could help them pocket some of those savings.

Sadly, companies aren’t getting much bang for their buck with these wellness programs. This has become a $50 billion industry, and the marketing for these programs is prolific. The market is so good that 66% of those companies want to expand their wellness programs, even though very few firms have not seen any savings over the past decades.

Wellness programs do not work for various reasons, but behavioral economics is the main reason. People are more likely to stay the course when they receive an immediate reward for staying the course when the goals are abstract and distant, such as lowering cholesterol. 

Despite some minor evidence that wellness programs work in some cases, randomized trials found no difference in:

  • Health outcomes 
  • Cost savings 
  • Reduced absenteeism

Even though wellness programs sound like they should work – if we give you a little nudge, maybe you’ll take better care of yourself – the data does not support it.

The employees who benefit the most from wellness programs are already those in good health. No evidence suggests that healthy people are more likely to increase their healthy behaviors when participating in a wellness program. They exercise regularly and see their doctor, so getting a gym voucher just rewards what they are already doing. To receive the program’s benefits, they register.

It is when we talk to people who aren’t engaged with their health that they see these incentives and they want to act, but their lives are so complicated  many lower-income workers have some comorbidities; this is such an enormous cognitive burden that adding more routines is difficult.”

The goal of living longer without pain or disease is valuable to most people. Although wellness programs are well intended, they aren’t working.

The idea that these side benefits would alter the calculations for these people is just completely illogical. There is a fundamental point here: these programs redistribute incentives from the unhealthy to the healthy, but neither group changes its behavior.

Do wellness programs help you save money?

For more Healthy Money Tips Listen to our PodCast “Money 911”

Meet with Kris Miller – Financial Fitness Strategy Sessions

https://healthymoneyhappylife.com/

Kris@HealthyMoneyHappyLIfe.com

(951) 926-4158

Categories
Advice Body Language Growth Management

THE ART OF CONCENTRATION: HOW TO DEEPEN YOUR FOCUS AND ACHIEVE YOUR GOALS

Low productivity is a focus problem.

If you keep feeding your distractions, you can’t make real progress. If you are trapped in a wealth of online distractions, you must start thinking about a different approach to work.

Focus, a valuable commodity for getting real work done, is increasingly becoming a lost art.

If you’re trying to be more productive, don’t analyze how you spend your time. Pay attention to what consumes your attention.

If how you work is not working, design a different system that makes progress possible every day, increasing efficiency and output.

Your present life and career total everything you’ve focused on. If you are unhappy with your productive life, change the system that drives it.

New tools and technology are meant to help us work better, faster, and more intelligently, but they often distract us.

Many productivity apps are meant to improve our lives, but they get in the way of deep and accurate work.

You can’t stop responding to those notifications. The zero-email mindset is a productivity trap that keeps you constantly responding to emails.

How can you get real work done when you can’t stop reacting to almost every notification?

“Feed a cold and starve a fever.

To gain productivity, feed your focus and starve your distractions.”

“It’s not that I’m so smart; it’s just that I stay with problems longer.” Albert Einstein once said.

Many people have a real plan to get important stuff done — they are not necessarily lazy and don’t know how to stop feeding their distractions.

Attention distraction is one of the biggest obstacles to getting real done. “Focus is the art of knowing what to ignore.

People who cultivate their ability to concentrate without distraction will thrive:

To feed your focus, start separating your urgent work from essential tasks. And most importantly, identify your distractions and how they starve your focus. Knowing your distractions can help you understand how you spend your attention.

For every focused work you want to do, identify the potential distractions, and stop them before you get in the focus zone.

Deep workers often find that notifications, no matter how important the message, takes their deep focus away from the task, and it takes twice as long to get back to focus mode again.

To produce at your peak level, you need to work for extended periods with total concentration on a single task free from distraction. 

To feed your focus, create healthy work boundaries that allow you to concentrate on essential tasks fully. Build a system that starves distractions. Create intentional constraints that will enable you to assume focus mode.

When you’re ‘on,’ be entirely on — use headphones, and when possible, hide your phone, turn it upside down, or block notifications. Block internal and external distractions.

The ability to focus for about 30/40/60 minutes is the only difference between truly productive people and those who struggle to get things done.

Measure your work and find the most suitable focused time that works for you. Your degree of focus determines how fast you make progress.

Structure your day in chunks of focused work to make in-depth work sessions work. Start your day with intention. What is the one thing you have to accomplish today? Start your focused sessions with that task.

Set up your environment to support your focus mode. And plan purposeful breaks in-between deep work sessions. (Pomodoro method)

One final insight about prioritizing involves getting disciplined about what you don’t put on the stage. This means not thinking when you don’t have to, becoming disciplined about not paying attention to non-urgent tasks unless, or until, it’s genuinely essential that you do,

Deep work is a habit and working for long stretches at a time takes time to develop. You can start today. Do more focused work daily, and it will become a habit that helps you get real work done weekly. Better routines are the personal habits of highly efficient people.

What do you do to become more productive?

 

For more Healthy Money Tips Listen to our PodCast “Money 911”

Meet with Kris Miller – Financial Fitness Strategy Sessions

https://healthymoneyhappylife.com/

Kris@HealthyMoneyHappyLIfe.com

(951) 926-4158

Categories
Accounting Advice Capital

BREAKING THE RETIREMENT PLANNING MYTH: WHY 100% OF STRATEGIES FAIL TO SECURE YOUR LIFETIME INCOME

100% of all retirement planning will fail to provide you with a guaranteed lifetime income.

Yes, 100% is correct. Regardless of how big the planning company is and how lucky or smart the advisor is, none can guarantee you an income for as long as you live.

The best they can do is guess how much or how long you could expect to get checks in retirement. Unlike Social Security and a company pension (not a 401k type plan) that can give you exact numbers, investment advisors can never give you any guarantees.

There are two separate and distinct areas of planning that confuse. Both of them start with the word Retirement. Retirement planning is what an employee gets when he starts working for a company and needs to learn about his investment options, risk tolerance, and dollar matching in the company’s 401(k) or IRA plan.

However, retirement “Income” planning is very different. Note the word income. How to get this saved money to produce a monthly paycheck as I or we are nearing Retirement? That sounds like a reasonable question to ask- how much can I take out for as long as we are both alive? In all honesty, it is the only question that matters. (I have put together critical questions you need to ask now). Income planning should be seriously looked at about ten years before you want to retire.

The retirement planning investment pros cannot give you an answer to that seemingly simple question. Why not? Social Security and company pension plans know to the penny how much you will get guaranteed for your life and a partner if you have one. How come to your retirement planner cannot do the same? Unfortunately, there is no way for them to do that. They can’t give any guaranteed amounts or length of time the money may last.

Why? You see, investment advisors are prevented by law from doing so. Because they can’t give you any guarantees, they need to craft a story that will convince people to leave their money with them: failure to provide a convincing story will result in them losing billions of dollars in commission and fees!

The first step is for you to believe they are the authority by multi-million-dollar advertising.

The second step is to do hypothetical case studies and use computerized projections to tell a story that looks so factual that you believe it. These projections appear authentic by predicting (really guessing) the chances your savings will last and not run out during retirement. To do this, they must apply guesses about what inflation will be projections for portfolio growth, (even though every investor knows “past performance does not guarantee future results, asset mix, and a sustainable

Withdrawal rate. These many assumptions lose any basis in reality. Countless economic studies have proven no one knows what percentage you can take out of your portfolio without running out of money. (No one can predict to future). Now your retirement planner puts these assumptions into a computer, presses the go button, and from these “guesses and assumptions,” impressive report prints.

The best part is that it looks official, leading many to a false sense of security (no guarantees) and the real possibility of running out of money in retirement.

It would be best to ask your advisor direct questions about how your money can produce income now. I have created a robust list of questions, including a guide highlighting each question and detailing what to look for. Please reach out, and I will send them.

 

For more Healthy Money Tips Listen to our PodCast “Money 911”

Meet with Kris Miller – Financial Fitness Strategy Sessions

https://healthymoneyhappylife.com/

Kris@HealthyMoneyHappyLIfe.com

(951) 926-4158

Categories
Best Practices Personal Development Skills

The Productivity Paradox: How Chasing Two Rabbits Can Sabotage Your Success

Multitasking works to get things done slowly and with poor quality. You may disagree. Many times during the day, you may feel overwhelmed. So you decide to kick it up by multitasking, so you feel like you’ve been productive but really have little nothing to show for it. The answer is not trying to spin more plates on sticks at one time; the answer is slowing down, narrowing focus, and completing one thing at a time.

It’s time to introduce you to the lesser-known, more successful cousin of multitasking: Monotasking.  Just work at a steady pace, keep your plate full, and keep chipping away.  The crazy thing is—you’ll probably get there just as fast, if not faster. Here are some basics to get you started.

We are taking on jobs and responsibilities while saying yes to everything, leaving you with the massive task of getting everything done. If you could see yourself as you multitask, you would be shocked at what you see: missed items, uncompleted pieces, and shoddy quality. However, what we see through our eyes as we are in the middle of things, we miss how ineffectual we are. Besides, we are not making progress, constantly switching from one activity to another without completing the first.

Studies show it can take anywhere from 11 to 23 minutes or longer to find your focus after an interruption or task switch. So what is the solution to multitasking?

The solution is simple – do the opposite, just Monotask and produce better results. How to start Monotasking with two simple steps.

First, write it down and get the tasks out of your head. The old-school paper works best.

Do a second pass and put things into categories if you want. But the only thing that matters is that it’s on the list, and nothing is in your head.

Once it’s written out, you can organize it how you like. Color-code tasks and arrange them from big to small, by category or time needed. Once you know everything is listed, you will feel calmer because the list has an end.

Instead of multitasking, do one thing—for as long as you want or until it is finished. Just work at a steady pace, keep your plate full, and keep chipping away. You’ll find that this new pace is far more sustainable and productive. 

Should you start with the easiest or the hardest? It depends on you. One: by starting with the easiest possible items, you can get a bunch done quickly and build momentum. The other is to attack the most challenging first. Once completed, you’ll feel like you can conquer anything, just like coasting downhill on a bike. Either way, you can’t go wrong by working steadily one task at a time. Slow but effective work every time.

For more Healthy Money Tips Listen to our PodCast “Money 911”

Sign up for a Financial Fitness Strategy Session at Meet with Kris Miller – Financial Fitness Strategy Sessions

Go to my website https://healthymoneyhappylife.com/

Email me at Kris@HealthyMoneyHappyLIfe.com

Call me or text (951) 926-4158

Categories
Capital Economics Wealth

TACKLING THE DEBT, SAVING, AND POOR KNOWLEDGE DILEMMA FOR SMART FINANCIAL DECISIONS IN YOUR LIFE

Knowing financial terms and other surplus jargon is irrelevant to one’s personal financial situation. However, knowing some financial terms is marginally helpful to one’s general well being. Understanding how the Fed uses the Federal Open Market Committee (FOMC) to implement monetary policy through Open Market Operations (OMOs) as they direct the Federal Reserve Bank of NY’s Trading Desk to buy securities – is not in the least bit helpful.

In my view, the solution to tackling the debt, saving, and poor knowledge dilemma is teaching people how to make better decisions. Personal Financial Proficiency (PFP) in a manner that allows them to make smart financial decisions in their personal lives, their professional lives, or maybe in their business lives

There is so much information, programs, and courses focusing on financial literacy today; most of them are of little value and waste time. Countless studies have shown that many people fail basic financial questions when asked, and many have so little savings that they can’t handle a $2,000 emergency. 

Teaching financial proficiency through my Foundation Building program is simple; it takes real-life situations and breaks them down so you can apply real-life fixes. The big difference with the Foundation Building program is that they learn these solutions through short 15-minute programs. 

In creating these programs, I reversed and engineered over the last four decades the excuses people used for not having enough saved or accumulated debt, etc. I have heard every excuse you can imagine, and I took all those reasons why they couldn’t and designed solutions so they could. Sadly, the lack of sufficient savings and spending habits is not a problem for just the working poor; it dramatically affects people earning over $250,000 as well. These classes are designed for everyone to get proficient in PFP.

For more Healthy Money Tips Listen to our PodCast “Money 911”

Meet with Kris Miller – Financial Fitness Strategy Sessions

https://healthymoneyhappylife.com/

Kris@HealthyMoneyHappyLIfe.com

(951) 926-4158

Categories
Capital Wealth

THE LACK OF FINANCIAL UNDERSTANDING AFFECTS ALL AGES AND SOCIOECONOMIC LEVELS

Promoting informed financial decisions, saving habits, and education in the workplace is essential to a vibrant and productive workforce. Unfortunately, many people may lack the basic math skills and financial know-how to make decisions. One of my favorite books, which I reread from time to time, is the 1988 book Innumeracy by John Paulos; he coined the book’s title from people being slow in math as compared to illiterate. Math and money are very different, and learning the differences is crucial to building wealth securely.

Even though many adults across generations were functioning with medium levels of financial literacy, too many workers today possess low levels of Personal Financial Proficiency (PFP) and have difficulty applying financial decision-making skills to real-life situations.   

Here are a few general questions about everyday financial situations that stumped so many:

  • Determining wages and take-home pay, 
  • Questions about investment types, risk, and return, 
  • Understanding specific risk economic outcomes risk
  • Understanding that 401(k) are not pensions

This is where Americans exhibit the lowest scores, with less than one-third answering correctly.

Lack of financial understanding affects all ages and socioeconomic levels. The result is those who fall into the limited PFP category, even though financially literate, may not manage their financial resources effectively and may feel intimated by retirement, budgeting, tax planning, and Social Security topics.

One way to help everyone become more confident about their personal finances is by building a solid foundation with Personal Financial Proficiency. 

Financial literacy dark secret

People with higher levels of financial literacy “fluency bias.” are more likely to build weak foundations to support their financial houses. Sadly, in this case, a little knowledge is dangerous and prevents many from developing a strategy that works and won’t leave you in a pickle as you get to retirement age.  

For more Healthy Money Tips Listen to our PodCast “Money 911”

Meet with Kris Miller – Financial Fitness Strategy Sessions

https://healthymoneyhappylife.com/

Kris@HealthyMoneyHappyLIfe.com

(951) 926-4158

Categories
Capital Economics Wealth

A TAX BOMB IN DISGUISE: THE SECURE ACT AND THE IRS

The SECURE act is a Tax bomb in disguise. Many people saved large retirement accounts where they thought a big chunk of it would be left over for their beneficiaries. The beneficiaries used to be able to take withdrawals from the inherited funds over their lifetimes. Taking the money over their lifetime was known as the stretch IRA.

Under the SECURE act, all of the inherited IRAs, 401(k), etc., money will have to be withdrawn and taxed within ten years after death. This change is known as the ten-year rule.

This new ten-year rule allowed beneficiaries, or so they thought, that the money could be left to compound for those ten years. However, the IRS had different ideas. They did not want to wait ten years to get their significant share. The IRS ruled that the money would be subjected to required distributions each year during the ten years, and the inherited accounts and those forced required distributions would take big chunks out of the growth.

IMAGE

People tend to get involved in the fine print for workarounds-there are none. The IRS needs money badly to fund the US’s spending. In case you didn’t know, the government spends more each year than it takes in. Therefore what better place to get big tax dollars than from someone who is not around to complain?

While it may seem that this tax-grab situation looks dismal, tax-saving moves can be used to make the most of a challenging situation. 

There are a few options that may have some significant tax breaks. Suppose you want to create a source of tax-free income for retirement or family. In that case, you need to consider a Roth IRA. Although subject to limits and rules, the Roth should be reviewed. Another option widely gaining popularity is a new “special” type of life insurance. This new product comes with much higher limits, fewer restrictions, and greater flexibility. A more practical option is to use a combination of both to maximize all the benefits.

Converting to these options while the market is down minimizes the tax liability and allows for more significant tax-free growth when the markets rebound.

The tax time bomb does have a ticking clock, so you must take advantage of the 2017 tax reform legislation because those lower tax rates are temporary and set to expire after 2025.

There are many additional considerations when determining to make changes.

 

For more Healthy Money Tips Listen to our PodCast “Money 911”

Meet with Kris Miller – Financial Fitness Strategy Sessions

https://healthymoneyhappylife.com/

Kris@HealthyMoneyHappyLIfe.com

(951) 926-4158

Categories
Accounting Capital Women In Business

DOES RETIREMENT PLANNING NEED MORE THAN A CHRONOLOGICAL AGE?

The answer is Yes! Other crucial factors need to be reviewed.

First, understand the difference between life span and health span. Life span is how long you live. Healthspan is how long you live in good health. 

Often, the life span is always longer than the health span. Somewhere in those years is a gap. The gap consists of the span of years when we need help with the activities of daily living. The span can range from several months to maybe up to 10 years.

We all know that retirement has three stages; the Go-Go years, then as we age, we experience the slow-go years, and finally, the no go years. Many may spend a few in exiting the slow-go years and entering no-go years

When we think about retirement, we should also think about what support system will be available and have in place. Who will care for your financial affairs when you can’t count anymore?

Second, we need to look at biological age vs. chronological age to help complete the picture for proper planning.

Biological versus chronological age.

The problem is that chronological age only tells us a little about what we want to know, which is how long we will live. The reason chronological age is important is we need to get a sense of how long you have left to go. This helps with the decision if you only have ten years left? You shouldn’t be investing so much in stocks. Do you have 40 years left? You can invest in stocks.

Chronological age isn’t the best metric for your future. For a better sense, we need to use both and allow for flexibility.

 Future, we need to know your biological age. Some people are 55 years old chronologically, but their biological age is 75, and they’re not in good health. 

There are other people whose biological ages are 10 to 15 years less than their chronological age. They’re in great shape. You look at them and say, “She does not look 65.” It’s not just that she doesn’t look 65, and her biological age is 45.

We need financial plans that are geared toward the number that really matters — biological age. That’s where I think things such as long-term care insurance are essential. Even though traditional long-term care insurance wastes money, planning around it is crucial.

     Should a retirement plan be based solely on chronological age?

We need financial plans that are geared toward the number that really matters — biological age. When we look at all four issues, we can now plan better:

A low biological aged person will need two different income sources, one starting at retirement and the other some years down the long retirement road.

A person with a high biological age may need a shorter version of an income source and skip the second one.

Also, the use of recent development is an asset-based benefit that provides long-term care benefits without the need to buy expensive long-term care insurance. 

With asset-based care, you put your assets to work using IRS-approved strategies. If you don’t use the benefits, you won’t lose any of your money and can still leave the entire balance to your family upon death.

More facts make designing a better plan to withstand life’s uncertainties. Regardless of biological age, health span life span, even though they are good places to start, that is not the only criteria. Everyone knows their DOB, and almost no one knows their DOD, so targeted flexibility is the only answer to planning.

For more Healthy Money Tips Listen to our PodCast “Money 911”

Meet with Kris Miller – Financial Fitness Strategy Sessions

https://healthymoneyhappylife.com/

Kris@HealthyMoneyHappyLIfe.com

(951) 926-4158