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 […]
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 […]
Social security information
Before we get into this too far, the social security website can be a great resource for us to utilize. Click here. We have a lot of resources for you that are available to us from third parties regarding social security. There is literally almost an unlimited amount of information that we might be able […]
Small business: Revenue enhancing ideas
Ever feel like you love doing what you are doing but feel that there was a smarter way of doing it? I am sure you have heard of the 80-20 rule, 80 percent of your time is spent on 20 percent of your clients/customers. Do you have a reasonable solution for dealing with this problem? […]
Balance is vital
At IWP we feel that so much of life is about balance and we don’t think financial matters are any different. We feel it is imperative that we keep that in mind when making financial decisions. Of course, we all want the maximum amount of insurance coverages and maximum returns on our savings but both […]
