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Retirement Income

retirement savings

Retirement Savings

2024-10-15
By: Barry Page
On: October 15, 2024
In: Financial Planning, Life Insurance, Retirement, Retirement Income, Retirement Plan, saving, Taxes, Whole Life Insurance

Considering retirement savings, we must take the time to plan for the future. There are too many risks involved and too much responsibilty to let it happen by chance.Read More →

Bull Run

Bull Run

2023-12-15
By: Barry Page
On: December 15, 2023
In: Federal Reserve, Infinite Banking, Life Insurance, Retirement Income, Taxes, Whole Life Insurance

The Bull’s are out, but how long can this bull market run? 

If you’ve been waiting on a sign, the FED just gave the markets the all clear, and it’s literally off to the races.Read More →

Retirement Ready

Retirement Ready or Not?

2021-01-18
By: Barry Page
On: January 18, 2021
In: Finance, Financial Planning, Retirement, Retirement Income, Retirement Plan

Retirement – Ready or Not? Are You Prepared for Retirement? Watch this video, schedule a consultaton to determine your retirement readiness.Read More →

Confessions of a CPA The Capital Equivalent Value of Life Insurance

How Much Does It Take To Retire?

2020-07-02
By: Barry Page
On: July 2, 2020
In: Financial Independence, Financial Strategy, Life Insurance, Money Solutions, Permanent Life Insurance, Retirement, Retirement Income, Retirement Plan, Taxes, Whole Life Insurance

Capital Equivalent Value of Life Insurance – How Much Does It Take To Retire? Capital Equivalent Value is the financial comparable worth at retirement. Read More →

Tuesday Tip - Cover Your Assets from Risk

Tuesday Tip – Cover Your Assets

2019-07-16
By: Barry Page
On: July 16, 2019
In: Finance, Permanent Life Insurance, Retirement, Retirement Income, saving, Whole Life Insurance

Cover Your Assets! Retirement RISKS and How To Avoid Running Out of Money During Retirement

Sequence of returns risk addresses the concern most people about retirement, the fear of running out of money.Read More →

The Power of Zero Tax Train

The Power of Zero

2019-04-29
By: Barry Page
On: April 29, 2019
In: debt, Financial Planning, interest, Retirement Income, Retirement Plan, Taxes

The Power of Zero lays out the problems ahead for Americans during retirement. And, what you can do to avoid paying more in taxes than necessary by getting into the 0% tax bracket. Plan for a secure retirement in the 0% tax bracket.Read More →

retirement income killers quiz

Retirement Income Killers

2019-03-14
By: Barry Page
On: March 14, 2019
In: Financial Independence, Retirement, Retirement Income, Taxes

how to avoid these retirement income killers, and achieve financial independenceRead More →

Retirement Risk

2019-01-28
By: Barry Page
On: January 28, 2019
In: Finance, Financial Planning, Financial Strategy, Inflation, Money Solutions, Retirement, Retirement Income, Retirement Plan, Taxes, Whole Life Insurance

Retirement risk can threaten retirement and reduce income. Learn how to avoid running out of money during retirement and find opportunity by being liquid.Read More →

401k Exit Strategy – How To Use Your Retirement Effectively

2018-11-13
By: Barry Page
On: November 13, 2018
In: Financial Independence, Inflation, Life Insurance, Money Solutions, Retirement, Retirement Income, Taxes, Whole Life Insurance

401k Exit StrategyHow To Spend and Use Your Retirement Income Effectively It often astounds me how many people really don’t have an exit strategy for their 401k. And, I mean a money solution, an effective plan to use and spend their retirement efficiently, to reach their desired goals. So, I’d like to share with you a little known, but time tested strategy that is usually reserved for the wealthy. It’s also used by the world’s largest banks and corporations. IRA/401k Distributions (Withdrawals) A 401k withdrawal or distribution is how you take your money from the account, which has rules and restrictions. We’ll assume you areRead More →

Social Security Revisited

2018-10-17
By: Barry Page
On: October 17, 2018
In: Infinite Banking, Retirement Income, Taxes, Whole Life Insurance

More Pondering On Social Security Article from the Nelson Nash/IBC BankNotes “More Pondering On Social Security” Originally posted in BankNotes October 2018 by R. Nelson Nash Earlier in this series of articles I wrote a little bit about Social Security.  But, it kept haunting me that there is much more that needs to be revealed about this unbelievable con game. And so, I offer just a few additional facts about it and my observations of human financial behavior because of it. For instance, recognize that President Kennedy and Sergeant Shriver were the first ones to misuse the Social Security account.  They used Social Security funds toRead More →

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Writing On the Wall

"The current fiscal policy is unsustainable. We are heading to a future where we'll have to double federal taxes or cut federal spending by 60%." David Walker, Comptroller General of the United States "The fate of the world economy is now totally dependent on the stock market, whose growth is dependent upon about 50 stocks, half of which have never reported any earnings." Paul Volcker, 1999, former Federal Reserve Chairman "My friends, there is good news and bad news. The good news is that the full faith and credit of the FDIC and the U.S. Government stand behind your money in your bank. The bad news for you, my fellow taxpayers, is you stand behind the U.S. Government." L. William Seidman, former head of the Federal Deposit Insurance Corp. (FDIC) "In coming decades, many forces will shape our economy and our society, but in all likelihood no single factor will have as pervasive an effect as the aging of our population." Ben S. Bernanke, Chairman of the Federal Reserve System "Because the Social Security trust fund does not consist of real economic assets, we are left to rely on the federal government's future decisions to either raise taxes, reduce spending or increase borrowing from the public to finance fully Social Security's promised benefits." Paul O'Neill, former Treasury Secretary "As a nation we have already made promises that we will be unable to fulfill." Alan Greenspan, former Chairman of the Board of Governors of the Federal Reserve System

Readers asked…

How can life insurance help during retirement?

“Life insurance is a private contract between the owner and an insurance company. In exchange for a payment, the insurance company is legally obligated to provide you with benefits pursuant to the contract. Specifically, these benefits can be utilized to pay expenses for long term care, as a hedge against inflation, and as a regular, predictable, and reliable income stream for life.

It’s basically a private contract that allows you to have your dollars work harder.

The primary reason people buy life insurance is to protect their loved ones from loss, however perhaps it’s best kept secret is that it can be used to provide a steady, tax-free stream of income during retirement.

There are various types of life insurance: term, permanent, universal, variable and index. Each has its own benefits, and should be configured to fit your goals.”
~Barry Page

Contact Information

Legacy Insurance Agency, PLLC
2600 Government St
Ocean Springs, MS 39564
(228) 875-5545 phone

www.legacyinsuranceagency.com 

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