How to pay for college expenses
College is getting more expensive by the day and we feel that eventually this trend will change but for now it certainly has become the new normal. Here are some funding sources that we have used in the past in order to pay for college: Obviously there are many more ways to pay for college […]
Retirement income planning
Several things come to mind when I think about retirement and one of the major issues would be running out of money. Setting up financial matters to address this risk makes a lot of sense for some of our clients. Having some base income that is fixed can make a lot of sense. We often […]
Estate strategies and techniques
Over the years there have been several occasions where we have ran into some complicated estate tax planning issues that require a bit more time and attention than the average middle income American might need. These issues are usually a case by case basis and handled with care and hiring the right team. We have […]
Best type of insurance
What is the best type of insurance to own? How much life insurance do you need to own? How do you find someone qualified to answer these questions? Some of these questions are very easy and others can get a little more complex and even overwhelming. We can start by addressing them one at a […]
Life Insurance 101
Types of Life Insurance There are numerous types of Life Insurance contracts in existence today; including Term Insurance, Universal Life (UL), Adjustable Life (AL), and Whole Life (WL). There are so many policies today that fit many different scenarios of life (Please remember that all insurance guarantees are based on the claims paying ability of […]
Insurance options and strategizing
Insurance can be a bit of a daunting issue for the average every day consumer. Here at Innovative Wealth Partners we try to take confusing topics and make them easier to understand and comprehend. Insurance matters in general are often made best when you are able to realize that it can be a win for […]
Making educated pension decisions
What is a defined benefit pension? A defined benefits pension are a employee benefit that use to be extremely popular and today are somewhat a thing of the past. Technically, this sort of pension, is an income stream that one would earn by working at a company for several years. It is a fixed income […]
Medium and large employer plans
401(k) plans Plans can become very confusing if you are trying to navigate the market without an expert on your side. We are not perfect by any means but we can be your partner. The 401(k) plans page on the IRS website is a good place to find important information. If the thoughts of re-balancing […]
Small employer retirement plans
401(k) plans 401(k) plans can become very confusing if you are trying to navigate the market without an expert on your side. We are not perfect by any means but we can be your partner. This page on 401(k) plans on the IRS website is also a good place to find important information. Just please […]
Complexity of products
This simple yet not very sophisticated example will elude us to one of the massive problems that exist in today’s marketplace. Take the unique and almost impossible to occur example (used intentionally for ease of math) year by year return year 1=100% year 2=-50% year 3=100% year 4=-50% At the end of this example, no […]
