Lifetime Income Leads to Lifetime Happiness
You need a Paycheck and a Play Check

Study after Study shows that people who have a Guaranteed Income are happier in retirement. Core expenses such as Food, Gas, Mortgage/Rent, Electricity, Cell Phone, Insurance need to be Secured monthly no matter what happens in the world.

What we do? We assist our clients in Acquiring the most Effective streams of Guaranteed income for your NOW needs and your LATER expectations. Wealthy Way Excels at Providing Asset Preservation Strategies and Secure Growth of your Hard- Earned Retirement Assets, weather you are in the Preservation Stage or the Distribution Phase of Retirement. Income Taxes can and should be minimized during Retirement planning. In many cases, our clients find themselves in a Zero Tax Bracket. Our custom Income Tax Minimization Strategies aim to save our clients Money Leading up to and During Retirement years.

WHAT IF?

What if there was a way to guarantee that you would never lose any money? Would you want to know how that could be accomplished?

What if because you didn’t lose any money, you could access that money every time something bad happened and take advantage of the opportunity rather than being hurt by it? Wouldn’t that be an amazing strategy?

What if you could do the above things with reduced or even completely eliminated income tax liability?

Wouldn’t that be a spectacular strategy?

What if you could use those same dollars that you are using for financial and retirement success, for protection as well? Wouldn’t that be a more effective and efficient use of that money than what you are doing currently?

If you ever had a critical illness like a heart attack, stroke or cancer, wouldn’t it be amazing if you could use the values in this strategy to survive or transition your life without it being destroyed financially?

Even better, when you died all the money you used for that purpose would be replenished for your family or your business income tax free. Would it be beneficial to know that if you never needed the money for this reason you wouldn’t have wasted one cent of premium on that benefit?

What if you needed 90 percent of the value in this strategy to pay for long term care while you were alive or even better, what if you preferred to be taken care of at home instead of a long term care facility because of all the problems they are having currently. Wouldn’t that be a great benefit that you were in control of? Better still, what if when you died, all the money you used while you were alive could be replenished income tax free for your family or your business? Here’s the best surprise of all. If you never needed the money for that purpose while you were alive, you would not have wasted one cent in premiums on that benefit.

Finally, what if you could use the values to provide an income tax free retirement stream of income that you could use to supplement your current retirement income without adding any additional taxes?

When you are all done receiving these benefits wouldn’t it be wonderful if what was left could be paid to your family, business or charity income tax free?

With all the Catastrophic events that can occur in the future, do you want to be in CONTROL of what happens or do you want Wall Street, the Internal Revenue Service, the Government, Nursing Homes, Banks and Hospitals to be in CONTROL of what happens to your Retirement Assets? Isn’t that really the difference between achieving financial and retirement success? Isn’t it deciding who will be in control of your Assets?

Pay Less in Fees or Eliminate Fees

1/3 of the money saved for Retirement is eaten away by Fees. Most of the Retirement Vehicles used today are riddled with Fees. What if you can drastically reduce the Fees that are paid into your long-term savings plans? The IRS allows you to Rollover your Retirement Assets even if you are still working beginning at age 59½. This Rule is allowed because the Government knows how long it can take for someone close to Retirement to earn back their potential Market Losses. Take advantage of this Rule and Sweep your Assets into one of our Products built for Safety and Market Loss? We will assist you from beginning to end with the Rollover Process.

HOW MONEY WORKS

The Rule of 72 is a Mathematical equation that is used to calculate the number of years it will take for your money to double.

How does the Formula work? You simply divide 72 by any given interest rate. The answer is the approximate number of years it will take for your money to double. (Please put the formula into a Box.

72/1%=72 years). Can you hook up something like this?

https://howmoneyworks.com/balancedprotection/rule-of-72

THE DANGERS OF NOT KNOWING/APPLYING THE RULE OF 72

Rule of 72 example 72 divided by 16% is 4.5 years. How long it takes for the money you owe to double.

A well-crafted estate plan ensures that a person’s assets will be smoothly passed on to his or her chosen beneficiaries, after one passes away. The absence of an estate plan can lead to family conflict, higher tax burdens, and exorbitant probate costs. While a simple will is an essential component to the estate planning process, Estate plans should also include the use of one or more trusts.

I AM NOT RICH, WHY DO I NEED A TRUST?

Trusts are no longer the sole territory of the rich. Recent tax law changes, evolving legal paradigms, and technology advancements have made estate planning with trusts the norm for the average family.

Basic Characteristics of Trusts

A trust is an account managed by a person or organization, for the benefit of another. A trust contains the following elements:

• Grantor: Sometimes called a settler or trustor, a grantor refers to the individual who creates the trust and has the legal authority to transter property into it.
• Trustee: This is an individual or organization who administers property or assets for the benefit of a third party, by temporarily holding onto the property, but without taking direct ownership of it. Trustees have the fiduciary responsibility to operate in the best interests of the grantor and the beneficiaries, and must faithfully execute the mandates outlined in the trust document. Therefore, it is critically important to appoint only reliable people to this position.
Beneficiary: This is the party who benefits from the trust. There may be several beneficiaries to the same trust–each of whom may be entitled to a different amounts of the assets.
• Property: This refers to the asset held in the trust, and may include cash, securities, real estate, jewelry, automobiles, and artwork. Sometimes called the “principal” or the “corpus”, such property can be transferred into the trust while the grantor is still alive, via a living trust. Alternatively, assets may be transferred into a testamentary trust after the grantor dies, as per the mandate of a will.
• Taxes: Generally speaking, each trust pays separate taxes, and therefore must obtain a federal identification number and file an annual return. Some living trusts use the grantor’s tax identification number.
• Revocable trust: This type of trust may be altered as many times as desired, during a grantor’s living years.
• Irrevocable trust: This type of trust can never be altered, amended, or revoked.

Common Types of Trusts

Here are the most common types of trusts:

Livings Trusts

A living trust is usually created by the grantor, during the grantor’s lifetime, through a transfer of property to a trustee. The grantor generally retains the power to change or revoke the trust. But after the grantor dies, this trust becomes irrevocable and may no longer be changed. With these vehicles, trustees must follow the rules delineated in the creation documents, relating to the distribution of property and the payment of taxes.

Living trusts offer the following advantages:

• Healthcare/end-of-life provisions desired by the grantor
• Protection against incapacity of grantors and beneficiaries
• The elimination or reduction of probate delays and expenses
• Easy succession of trustees
• Immediate access to income and principal by beneficiaries
• Privacy during situations where the state requires the filing of an inventory of assets

Living trust limitations:

• Titling of Property: In some cases, a piece of real estate property should be excluded from a trust. For example, in states like Florida, primary residences are shielded from creditors by way of a “homestead exemption”, but if the primary residence is placed in trust, the homeowner may surrender that creditor protection. In such instances, a pour-over will can be used to coordinate the transfer of assets into a trust, after the grantor dies.

• Creditor Claims: A living trust generally does not provide protection from claims made by creditors, because the grantor of the trust is considered to be the owner of the trust’s assets, due to the fact that the grantor may revoke the trust at any time.
• Taxes: All income earned by the trust is taxable to the grantor’s personal tax return, as though the property had never been transferred to the trust.

Testamentary Trusts

A testamentary trust, sometimes called a “trust under will”, is created by a will after the grantor dies. This type of trust can accomplish the following estate planning goals:

• Preserving assets for children from a previous marriage
• Protecting a spouse’s financial future by providing lifetime income
• Ensuring that beneficiaries with special needs will be taken care of
• Gifting to charities

Irrevocable Life Insurance Trust

An irrevocable life insurance trust (ILIT) is an integral part of a wealthy family’s estate plan. The federal government currently affords individuals a $2 million estate tax exemption. But any portion of the estate above that amount may be taxed as high as 45%. So, for estates containing more than the $2 million applicable exclusion, life insurance can be an invaluable tool int the estate planning kit. ILITs provides the grantor a flexible planning approach and a tax savings technique by enabling the exclusion of life insurance proceeds from both the estate of the first spouse to die and from the estate of the surviving spouse.

The ILIT is funded with a life insurance policy, where the trust becomes both the owner and the beneficiary of the policy, but the grantor’s heirs can remain beneficiaries of the trust itself. For this plan to be valid, the grantor must live three years from the time of the policy transfer, or else the policy proceeds will not be excluded from the grantor’s estate.

Charitable Remainder Trust

A charitable remainder trust (CRT) is an effective estate planning tool available to anyone holding appreciated assets with a low basis, such as stocks or real estate. Funding this trust with appreciated assets lets donors sell the assets without incurring capital gains tax.

Qualified Domestic Trust

This special trust lets non-citizen spouses benefit from the marital deduction normally afforded to other married couples.

The Bottom Line

To ensure that your loved ones are cared for after your death. A trust can go a long way in effectively carrying out your wishes.

A well-crafted estate plan ensures that a person’s assets will be smoothly passed on to his or her chosen beneficiaries, after one passes away. The absence of an estate plan can lead to family conflict, higher taxes, and Thousands needl

What Is a Will?

A will is a written document-signed and witnessed-that indicates how your property will be distributed at the time of your death. It is revocable and subject to amendment at any time during your lifetime. It also allows you to appoint a guardian for your minor children. More about writing a will.

What Is a Living Trust?

A living trust provides lifetime and after-death property management. If you are serving as your own trustee, the trust instrument will provide for a successor upon your death or incapacity. Court intervention is not required. Livings trusts also are used to manage property. If a person is disabled by accident or illness, the successor trustee can manage the trust property. As a result, the expense, publicity, and inconvenience of court-supervised distribution of your estate can be avoided.

If a living trust is properly written and funded you can:

• Avoid probate on your assets
• Plan for the possibility of your own incapacity
• Control what happens to your property after you are gone
• Use it for any size estate; and
• Prevent your financial affairs from becoming a matter of public records