4 Reasons To Start Estate Planning Right Now

4 Reasons To Start Estate Planning Right Now

4 Reasons To Start Your Estate Planning Right Now

Many people, while still in their early youth years start estate planning, while others tend to hesitate to give it a thought. Most people don’t like to or want to start estate planning early in their life, because they don’t want to think about death and the what will happen afterwards. But, death is inevitable. Sooner or later you will have to start estate planning.

Estate planning might make you feel light headed, because of all the important and legal concerns attached to it, but it should be planned keeping in mind your own preferences and the concern for your children’s betterment. The following 4 reasons will convince you to get the ball rolling with estate planning.

 

Save Your Family From Heated Court Battles:

After your death, if there is no written Will left by you to your family, this might create some quarrels within the family. Your siblings or spouse might fight over issues related to the wealth and other financial assets left behind by you. When there is no one particular person who has been assigned the position to distribute your assets after your death, then people with no right to intrude, might interfere in your personal family affairs. It all just leads to trouble.

 

Secure Your Heir’s Future:

The sole purpose of estate planning is to ensure that the future of your family and children is made secure. Throughout your life you paid your insurance and saved money in a retirement plan. Should it be utilized to pay for your son’s college tuition? Or to help your daughter start her own business. These points can be mentioned in the Will as per your own and your family’s preferences. I know that may seen like a silly scenario, but things like that this actually happens. The devil is in the details. When certain things go unaddressed, there is always trouble.

Prevent Unwanted Heirs:

If you, by any chance make the mistake of not penning down a Will, with no specified heirs, then the state court would deem it necessary to decide who will become your legal heir, on its own. This situation is extremely time consuming and might lead to the selection of heirs who were never meant to be beneficiaries. Potentially keeping your intended heirs’ from inheriting your financial assets.

 

Appoint Guardians for Younger Children:

If in an unfortunate event, both parents pass away, leaving behind young immature children, then the Will should specify a person who will take the responsibility of Guardianship of those children. You should always appoint someone closest to you, someone who you trust as your children’s guardian, so that after your demise, your children’s future would be in safe hands.

Estate planning also assists in the distribution of your property among family members, or selecting the charity to which some part of your wealth would go. Settling taxes and debts should also be mentioned in the Will, so that the executor of your Will, knows how to resolve and carry out each and every one of your last wishes, keeping in line with your predilections.

Conclusion

It’s important to note that estate planning is not just for the super wealthy. Estate Planning could save your family a lot of headaches down the road. Just the give it a thought. Let us know in the comment sections below what your thought are, or if you have any questions. Check Our Reviews page for more insight into trusted companies. Check our site for reviews of all kind.

What Happens To Your 401k After You Die

What Happens To Your 401k After You Die

Saving for your retirement with a 401K investment plan? Great idea. There is nothing better than saving for your retirement. Ensuring a financially safer life for yourself and your beloved family members is always a great idea. Have you ever thought about what would happen to your 401K funds if you were to die? Life is unpredictable and death is inevitable. It’s better to ponder on the difficult financial crisis your family might have to face after your death, earlier in life than later when you are lying in your deathbed.

A 401K funds plan can be acquired by the deceased person’s beneficiary (a person who is named by you to receive the 401K funds after your death). Your beneficiary could either naturally be your spouse or some other person who you name as a beneficiary.  The procedure to acquire a 401K investment plan after your demise, is followed differently in case of different beneficiaries, and the amount of tax payable on withdrawing this money can depend upon the type of company that conducts and executes your 401K investment funds.

Payment of Taxes on 401K Investment Funds After Your Death:

401K investment funds are accumulated through life savings without paying income tax, in the lifetime of the participant. After your demise, the 401K funds become a part of your taxable estate, which means that after acquiring your 401K funds, your beneficiary will have to pay off the imminent state or in some cases, the Federal estate tax that had accumulated on your 401K plan.

 

How Do Beneficiaries Receive Money From Funds?

If you named a beneficiary in your lifetime, then after your death they can receive money from your retirement account, without the need to wait for proceedings of the probate period to get completed.  The beneficiary can decide whether they want to receive the money from the 401K funds in installments throughout the course of their life or accept the money in the time of 5 years or less.

 

Settling Debts With 401K Funds:

After your passing, the court would release the order for the payment of all debts and taxes payable on your wealth. Debts should be immediately settled with the 401K funds, after the death of the participant, and later the beneficiary can collect the remaining share of the funds.

 

Rolling The Deceased Participant’s Account Into The Retirement Account of The Beneficiary:

A beneficiary, or more specifically, a spouse of the deceased participant can decide to combine or roll in their 401K account with the account of the deceased spouse. This way the beneficiary will continue to postpone the tax payments on either account, and will receive the stated distribution.

 

Beneficiaries Receiving a Lump Sum Payment From the 401K Funds:

If the beneficiary or spouse of the deceased participant, wish to receive the whole lump sum payment from the 401K funds, then they can proceed to do so. But if they are younger than the age of 59 and ½ years, then the withdrawal penalty of 10% would not be payable by the beneficiary. You can then roll this lump sum amount into the spouse’s account.

401K distribution after your death can be complicated. To learn more about how and in what ways your 401K funds will be managed after your death, it is better to consult an estate tax professional to guide you through the entire distribution process.

 

Conclusion

Let us know in the comment sections below what your thought are, or if you have any questions. Check Our Reviews page for more insight into trusted companies. Check our site for reviews of all kind.

 

Signature One Financial Review: Update

Signature One Financial Review: Update

 

In this Signature One Financial Review I want to talk about a Full Service Financial Firm that we have reported on in the past. Recently they have upped their game, amplifying their ability to make life easier for consumers across America. Just in case this is your first time tuning in, here’s a little about Signature One Financial in this Signature One Financial Review.

Signature One Financial is a nationwide full service financial firm located in Corona, CA. Signature One Financial takes pride in its approach to make the client’s needs first even when it means recommending a competitor to provide the financial service the client needs. Signature One Financial provides a wide array of financial services to its clients designed to meet their needs by tailoring the financial product around the individual rather than trying to sell a “one size fits all” financial product. Signature One Financial helps clients manage their debt and remove what may be the single biggest roadblock to financial freedom as well as design a retirement income plan utilizing tax advantage income strategies. So that’s a little background on Signature One Financial.

 

Signature One Financial Review: Transparency

Before I get into the details of what exactly Signature One Financial does in this Signature One Financial Review, I just want to talk about something that is incredible important. Signature One Financial has continued to cooperate and work with us, allowing us to conduct our extensive reviews. They have been completely transparent during the process of each Signature One Financial Reviews we have conducted. The level of transparency they give is not something we encounter all the time. Maybe only a handful of times this has happened with other companies. That’s why we continually give them 5 star ratings.

 

Signature One Financial Review: Services Provided

So now that we have covered the basic for those who many not be the most familiar with this company, we can now move onto more of the nitty gritty. The services provided by Signature One Financial.

So, what does being a full service financial firm mean? Well, it essentially means what you think it might means. They can pretty much help you with anything that is finance related. Do you have a massive amount of debt, and a need a solution? Signature One Financial can help you find one. Are you in the market for purchasing life insurance? Signature One Financial can help you. Are you beginning to thinking about your future, and where you should be putting your money? Signature One Financial have certified financial planners who have been working in the field for years. Here’s a list of some of the major services that Signature One Financial offers:

  • Debt Free Solutions
  • Emergency Savings
  • Health Insurance
  • Life Insurance
  • Medicare for Seniors
  • Retirement Planning
  • Fixed & Market Based Strategies
  • Personal Loans

One thing to note, all their business with insurance goes through Acquire Capital Insurance Services. A company that we believe to be trusted. Investment Advisory services are provided by Acquire Capital Management, Inc. 

 

Signature One Financial Review: Consumer Testimonials

Here’s a couple of consumer testimonials that confirms what we have been saying in this Signature One Financial Review.

“I got a personal unsecured loan from Signature One for 35k which i used to pay off my credit cards. My score was in the low 600’s i think bellow 630. my rate was 12% but I saved over 120 per month compared to my credit cards and my term was for 3 years. The Signature one agent said that was because their loan was simple interest not compound like my credit cards.”

“I have enrolled in this program through Signature One Financial with many doubts but so far, one out of my five credit card debts have been settled and the process was explained to me very thoroughly by my agent Chris Gaukler and everyone has been very understanding and patient. I’m hoping that everything will continue to go as smoothly as it has been and hopefully I will be debt free soon.”

 

Signature One Financial Review: Conclusions

In this Signature One Financial Review, The CFRB gives this Company 5 stars. Check Our Reviews page for more insight into trusted companies. Check our site for reviews of all kind. It’s great place to become more knowledgeable about the world of finance, and will shed some light on some of the scams out there. Check out the previous post by clicking here.

All in all, If you are looking for a company to help you out with some major financial decisions in your life, check out Signature One Financial.

Waddell & Reed, Inc. Review: 5 Stars

Waddell & Reed Inc. Review

In this Waddell & Reed Inc. Review we are talking about company offers financial advisory services to individuals and small businesses. Founded in 1937, Waddell & Reed Inc. is among the most enduring asset management and financial planning firms in the nation, providing proven investment and planning services to individuals and institutional investors. In this Waddell & Reed Inc. Review, we found that Waddell & Reed Inc.  Is located in Lynnwood, WA. While they don’t have an accreditation from the Better Business Bureau, they do hold an A+. Which is the highest letter grade one can receive.

 

Products & Services

In this Waddell & Reed Inc. Review we found there is an incredible number of products and service that are offered to you, the consumer. The goal for them is to be one of the leading names in financial consultation. They are truly prepared to help you out in any avenue you decide to go down. They deal in anything from Retirement & Financial Planning, Broker & Cash Management, and much more. Pretty much everything you could possibly want to do with your money, they are there for you. At least, that’s the conclusion we came to in this Waddell & Reed Inc. Review.

What I found to be really great in this Waddell & Reed Inc. Review is that they cater to more than one demographic. It’s not just about helping the common man achieve a dream. While that is a great factor, they are able to take anyone from any walk of life, and amplifying their current financial state. That is something that the folks over at Waddell & Reed Inc. have seemed to get right.

 

Web Presence

One of the things I want to mention in this Waddell & Reed Inc. Review is the website that Waddell & Reed Inc. have before I get into anything else. I went to check it out to find some basic information, and I was pleasantly surprised in this Waddell & Reed Inc. Review. Waddell & Reed Inc. is heavily involved in investing, and that is something is incredibly evident on their website. They have constant market updates going, which is good for someone who is considering some investments. Though, that doesn’t overshadow the other aspects of their company. I found in this making this Waddell & Reed Inc. Review that there is a really good balance between being incredibly informative and maintaining a user friendly site.

Sometime websites overload their site with every bit of information, and totally forget about creating a user experience. Other sometimes websites don’t put enough information, and you’re just left wondering what kind of site you are on. Am I on a clothing site or am I on a conspiracy theorist’s blog?

 

Consumer Testimonials

In terms of the consumer experience that people have had, we oddly couldn’t find enough to include in this Waddell & Reed Inc. Review. Though there is a great deal of testimonials from past and current employees that I found to be rather illuminating. It’s always good to get a glimpse at what goes on inside these companies.

 

Positive

One consumer wrote in this Waddell & Reed Inc. Review,

“A typical day includes: opening the office, stocking the office supplies, greeting all clients, turning on phones and listening to messages and relaying them to the appropriate person, scheduling appointment’s dealing with incoming and outgoing faxes, mail, and forms, filing, processing any checks that needed to be processed and turned over to Financial Adviser. How to process appropriate forms and run checks through Check. As for management and co-workers did not have a lot of interaction due independent work responsibility. The most enjoyable part of job was being able help provide for my family, paying bake debt, and somewhat of a small work environment.”

 

Another Consumer wrote in this Waddell & Reed Inc. Review,

“There is room for advancement, however, it’s incredibly competitive. The down side would probably have to be the communication that takes place. It is not very effective. In order to be a great company that clients want to invest in, all employees need to be on the same page. Each department is diverse. Some are great for entry level work and others are more suited for those who want to make a career.”

 

Negative

One Consumer Wrote in this Waddell & Reed Inc. Review,

“I really only learned that highly dishonest tactics are used to lure in new hires. The Manager was a compulsive liar. Soon after, I realized the job was nothing more than a large hole to throw money into. You have to pay an awful lot to even breathe in the office it seems. Do yourself a favor and just stop even thinking about working here. Unless you are really generous, and feel like giving them all of your money.

Another consumer wrote, “Typical sales job. You either find success or just die as a poor bastard. After paying the $1500 for all of the licensing they throw you to the dogs where you have to fend for yourself. Your first year, they pay you $2000/mo. while you are building your practice. That’s pretax, though.  This is practically poverty level and with all the time you invest it works out to less than minimum wage.

 

When you look at both sides of the testimonials in this Waddell & Reed Inc. Review, they are really saying the same thing. The consensus in this Waddell & Reed Inc. Review is that this company is incredibly competitive. Those who have the drive and have made it, are the ones with the positive testimonials. The ones with the negative testimonials honestly sound like the people who couldn’t make it. I say that because they don’t actually give any legitimate reasons as to why the company is a bad one. They just talk bout how they weren’t able to compete with the rest of the competition.

 

Conclusion

In this Waddell & Reed Inc. Review the CFRB gives this company 5 stars. Check our Resources page for a list of trusted companies, which have received 4 stars or better. Check Our Reviews page for more insight into trusted companies. Check our site for other Financial Planning reviews. Its great place to become more knowledgeable about the world of finance, and will shed some light on some of the scams out there.

Sun Cities Financial Group Review: 3 stars

Sun Cities Financial Group Review: Introduction

In this review of Sun Cities Financial Group, we bring to you a company that is all bout your well-being and your future. Sun Cities Financial Group is a conservative company dedicated to assisting customers in the purchase of insured savings in Sun City, AZ in addition to insured and guaranteed deposit instruments. Their firm takes great pride in providing their customers with unparalleled service and peace of mind. They are committed to providing unbiased financial advice for guaranteed and insured savings in Sun City through investing. Their services are always tailored to your unique needs. They also locate the highest FDIC Insured yields on Certificates of Deposit issued by banks in the U.S.A., allowing you to earn more interest. For more than 15 years, Sun Cities Financial Group has provided thousands of individuals and families with high yields from insured and guaranteed deposits not available in traditional banks and brokerage houses. They work with more than 6000 Federally Insured Banks, all of which are covered by the maximum FDIC insurance protection. Sun Cities Financial Group only employs dedicated and honest professionals who consider their clients’ best interest above anything else.

Sun Cities Financial Group Review: Services & Accreditation

So what kind of services does Sun Cities Financial Group offer, and are they any different from any other company that offers the same services? Well, the answer is no. The only real thing that sets them apart or gives them an edge is the amount of people who use them and call them trustworthy. Even if you may be on the fence about how you feel about them, you have to admit that they have a pretty impressive track record. They have literally helped thousands of people in the 15 years that they have been in business. That’s an achievement that any company would be proud of. As for the stamp of approval, they seem to have surely gotten it from the Better Business Bureau. That doesn’t mean that companies that don’t have that stamp aren’t trustworthy. I know a ton of companies that do great work that just haven’t received any recognition. Having that stamp also doesn’t mean that those companies are guaranteed to be perfect. I know of a great many companies who once held high rating with the BBB, and over time their rating fell because they couldn’t keep up with the remarkably high standards of the Better Business Bureau. In Reviewing Sun Cities Financial Group, I found that they might be one of those companies that you should expect to fall in its rating. Their page on the Better Business Bureau doesn’t seem to match with any other review site out there. Very credible sites are giving Sun Cities Financial Group a very low rating.

Sun Cities Financial Group Review: Negative Consumer Feedback

In Reviewing Sun Cities Financial Group we came across a great plenty of negative feedback.One Consumer said, “I saw an ad in the newspaper and replied at the office to invest some money. I was told the man to see was Blaine. I tried to set up an appointment numerous times. First I was told they were two weeks out, as they had scheduled appointments for the following week,and had the week after. I was willing to wait and an appointment was scheduled for three weeks out. The day of my appointment i was called and told another excuse of an accident, forty-five minutes before my scheduled time, and someone would call and reschedule. I have had no response since, and it has been two weeks. I have called time and time again and Blake ignores my calls. they must be to busy for me. Blake must be making so much money he doesn’t have time for a six figure annuity. One phone call to another company and they were happy to see me that day.” That’s kind of strange behavior from a company that has an A+ rating on the BBB. No company has so much business that they just ignore potential customers. I don’t think that’s the case though. I think the consumer just dealt with some incompetent representative.

Sun Cities Financial Group Review: Positive Feedback

In Reviewing Sun Cities Financial Group Review, we also look for positive feedback. Coincidentally, the only positive feedback we could find was on the Sun Cities Financial Group website. One Consumer wrote, ” I was skeptical at first, I had never worked with a CD broker before. After meeting with (my representative) I felt much more comfortable. I opened my first account over a year ago and am happy I made the decision to work with Sun Cities.” I think this consumer dealt with the Sun Cities Financial Group on mars, because it sounds nothing like the last consumer’s experience. Another Consumer Wrote, “I feel that the customer service received from Sun Cities Financial group was great in answering all of my questions and attending to my deposit/investment needs. I would refer their company to anyone seeking a reasonable return on their money without any risk to their principal.” Again, the contrast between the testimonials is just crazy. I simply do not understand it.

 

Sun Cities Financial Group Review: Conclusion

For now, I’m going to hold any judgment towards Sun Cities Financial Group, because I trust the Better Business Bureau. Perhaps they just haven’t reviewed them in a while. I’m not asking the BBB to strip them of their a letter rating entirely, I’m just saying maybe a letter change might suffice. So, for now I can’t really recommend them to you. I’d say check them out, and if you feel comfortable, then take the gamble. You could end up being one of the people who help shed light on Sun Cities Financial Group. In this review of Sun Cities Financial Group, the CFRB gives this company 3 stars. Check our resources page for a list of trusted companies, which have received 4 stars or better. Check Our Reviews page for more insight into trusted companies. Check our site for other  Financial Planning reviews. its great place to become more knowledgeable about the world of finance, and will shed some light on some of the scams out there.

Good Life International, Inc. Review

In this review of Good Life International, Inc. We bring to you a life insurance company that is located in the Los Angeles area. We have heard great things about Good Life International, Inc. So we thought, we’d investigate and see what we could find. They claim to be dedicated to making your financial and retirement dream come true. Okay, so what’s new? Haven’t we heard that a thousand times already? We have, but don’t go away just yet. The way they run business is a little different than most. They approach each client with the understanding that life can change and alter course. They are committed to helping you regardless of where you are at. Whether it be flying high or down in the gutter. They aren’t just going to bail on you like most big companies would do. That’s something we really value here at the CFRB. So what are consumers saying about Good Life International, Inc?

We didn’t find a whole lot of people willing to offer testimonies, but the ones we found all had very similar testimonies. Which is good. A sense of consistency is good in a company. One consumer stated, “I was thinking about going with another company that was probably just as credible. The people at Good Life International, Inc. won me over. They are so down to earth, and really wanted to help me.” Another stated, “I was a little intimidated at the idea of planning for retirement. When I went to Good Life International, Inc. that feeling went away. It was like hanging out with old friends. Everyone was warm and welcoming, and they helped me create a plan that was just right for me.” There’s different kind of positive experiences. Some people, in talking about companies, share how they were amazed at the professionalism and speed of the agents and reps, and others talk about the unexpected good time they had. We think this company really nailed the down to earth aspect, which so many companies strive to do. They also provided quality service to people who deserved. Bravo, Good Life International, Inc.

In this review of Good Life International, Inc., The CFRB Gives this Life Insurance Company a 4 star rating. Check Our Resources page for a list of trusted companies like, which have received 4 stars or better. Check Our Reviews page for more insight into trusted companies.