The Cook family gets more than they give from Adopt a Grandparent Day.
Seeing and personally experiencing the difference in the lives and families of those who make a financial plan and those who don’t compels me to continue working to help people make choices that bring peace instead of regret.
I speak to people daily about developing a plan for their retirement that has built-in flexibility. I share my experiences of caring for both my parents, and now my in-laws. I talk about how quickly life changes. My husband Lee suffered a stroke at age 51; our lives changed drastically that day. I know well the emotional and financial toll of health challenged and caring for aging parents.
Many people who tell me they have life insurance don’t know the basic facts about their policy, who their insurance company or agent are, how much coverage they have, what type of policy they have, under what circumstances death benefits would be paid, or whether the policy has any benefits besides basic coverage paid upon death. Here’s an example of why I am so passionate about life insurance policy reviews.
I often find the misconception among unmarried people and those without children that they do not need life insurance. That could not be further from the truth. With the policies available these days, life insurance is about much more than simply providing a death benefit for those you leave behind. Here are some of the reasons why I believe everyone, young or old, married or single, should have life insurance.
A TFRA is a retirement savings plan that works similarly to a Roth IRA. You pay taxes on the money going into the plan, and the growth on your money is not taxed. However, unlike a Roth, a TFRA does not have Internal Revenue Service-regulated restriction on how or when you take money from your account.
HERE ARE FIVE OF THE KEY REASONS YOU SHOULD CONSIDER A TFRA.
When discussing retirement plans with my clients, I always discuss taxes. Taxes can make a huge difference in your income during your retirement years. I believe my clients need to develop retirement strategies that address taxation, while providing sources of supplemental retirement income. Here are some of the specific topics I discuss with my clients.
One of the most debated financial questions of modern times is whether you should prioritize paying off your home mortgage over planning for your retirement. The answer to that question often is rooted in emotion more than sound financial wisdom. Emotion embraces the dream of a retirement with no debt, great health, and doing whatever you want whenever you want. However, for the vast majority of Americans, this will not be their reality. Sound financial wisdom says that before blindly adhering to the mantra of paying off your home mortgage as quickly as possible, you should examine your situation to see if it really makes financial sense for you.
As a life planner and business coach, I find one of the main things people lack is a basic understanding of financial principles. I wonder- how much easier could their lives have been if they’d been taught these basic facts as children?
The beginning of a new year is a great time to make financial changes we have long delayed or avoided. here are 21 ideas that may help you manage your hard-earned money better.
Kathy P. Rogers
“The process of planning for the unexpected begins with a conversation. I want to get to know you – your dreams, your goals, your passions. I want to know what makes you who you are. My goal is to listen, then help you design a plan that aligns with all these things as well as your budget.”
Marston Rogers Group
Kathy Rogers is owner and VP of Marston Rogers Group, a financial services and life insurance business. As a Life Planner, her passion is to help individuals and businesses review where they are, then help them design and implement life and retirement plans as well as business exit strategies. Through proper planning and execution, the financial anxiety surrounding life goals and retirement can be greatly reduced.