DaVinci Insurance Advisors, LLC

Intersting? #DebtInAmerica | How can you personally be part of the solution in your personal #FinancialStrategies?

Is the world’s population aging at a faster rate than ever before? Every day until 2030, 10,000 Baby Boomers will turn 65?and 7 out of 10 people will require?#longtermcare?in their lifetime. - 2024 U.S. Department of Health & Human Services Calculate your cost here: https://lnkd.in/gSjxn3iJ .......Then, let's discuss the interesting options.

Knowing where the finish line is is a GOOD:___ or BAD:____ thing? Where's our #Retirement date #finishline? Recent studies show more than half of Gen X (51%) says their #retirementsavings are just three times larger than their annual income or less – while many financial experts recommend saving approximately 10 times an annual salary or more before retirement. Wouldn't it makes sense to see what tools can keep you moving towards that big wonderful date/finish line, regardless of market fickleness?

Is it necessary to review your #LifeInsurance policy? Life is busy, do you really have the time? Every year? Every two years? What if it's #TermLife insurance? What if it's #PermanentLife insurance? What if it's #PaidUpLife insurance? What if its a lost policy and you think you still have it covering you? How about it being a #VoluntaryLife insurance through payroll deduction with your employer (or was it your last employer)? What do you think?

...how about #ElonMusk or #WarrenBuffett, can they convert pre-tax IRA's to after tax #ROTHira? It's #RothIRAConversionSeason. So you think this has become a very interesting conversation regardless of age or saved amount of retirement money? Pay taxes now and accumulate TAX FREE forever, or, defer and pay taxes later?

$950 billion in CDs will mature by end of October - $2.5 trillion will be maturing within the next 12 months.....86% of all bank CDs will mature within a year........with interest rates expected to drop. CASE FOR ANNUITIES: An annuity is not a CD and visa-versa. One big benefit with annuities is the control over deferring taxes on your growth. One downside to annuities is most have a surrender schedule which could be as short as 4 or 5 years and as long as 10-14 years. You choose. People like the conservative way to approach the market with annuities as well, FIA's guarantee a floor never having your assets drop below 0% when the market goes negative. What do you think the reason for this record move of money to this over the past 4 or 5 years is? *FIA: Fixed Index Annuities *RILA: Registered Index Linked Annuities

How many ways can we get ahead today? FOR EXAMPLE: #SmartMoney has become #BeneficialMoney, in other words, money that does multiple things and can change as our life changes, with tax-free benefits. Not really MORE MONEY, just well thought out, beneficial. Doesn't this sound nice, low-stress, almost worry free? Here's what I mean - https://lnkd.in/gUvNNUxZ

Many individuals live with a false sense of security regarding their Income Protection plan – believing that if an accident were to occur, they would be financially set until they could return to work. The Reality: A typical group?disability Insurance?policy covers 60% of their base income. This can be a good income replacement safety net. However, benefits are usually taxed and the remaining after-tax monthly benefit could be as little as 42% of a person’s regular base income. For #highlycompensated employees, this amount could be even lower if there is a monthly benefit cap, or if incentive pay or bonuses are not covered by their plan. Does this sound like you? This additional needed coverage can bring your income back to approximately 79% of?pre-disability?earnings and can be offered on a simplified issue basis. With no exams or tax returns, you can buy up to $7,500 off additional monthly income protection. Plus, when three or more lives are covered with?Individual DI policies and share a common employer, all are eligible for at least a 20% discount on unisex rates. Wouldn't you like to see the "Max Coverage" on your earnings ASAP?

The Good News Story of #MichaelVick Game-changer, Real-time today Michael Vick didn’t specify the details of his annual (retirement) payment, however, based on the #NFL’s?summary of benefits?for vested former players, it may come from an #annuity program that eligible players can tap into as early as five years after their final season. Players also have access to a?#401(k) plan?and capital accumulation plan. There’s also a #pension plan available from which players aged 55 and up can receive monthly payments based on how many credited seasons they have under their belt. In addition, Vick says he’s eligible for #disabilitybenefits due to the injuries he sustained over the course of his career. Former players can receive extended #healthinsurance coverage and take part in a #healthreimbursementaccount (HRA) plan. “The league provides us with opportunities to make sure financial longevity is in place for us, if you want it,” he said. Unfortunately, he witnessed some of his peers?miss out on similar benefits?and security. “I’ve seen a lot of guys who didn’t want it, who didn’t pay attention.” https://lnkd.in/gcw7MKgc #Football #Retirement #FinancialStrategies

Time to look at annuities? MultiYear Guaranteed Annuities with highly rated carriers and their rates this week: