Proper planning will always make a positive difference!
Disclaimer: When you link to any of the websites below you are leaving Life Income Management™ and you assume total responsibility for any risk that may be associated with the use of the sites listed below. This resource information, offered here, is provided strictly as a courtesy. Life Income Management™ makes no representation as to the completeness or accuracy of information provided at these websites. Nor is Life Income Management™ or Brokers International Financial Services, LLC, liable for any consequences, direct or indirect or technical or system issues arising from your access to or your use of third party technologies, websites, information and programs made available by your use of the sites.
Nursing Home Abuse: This website is dedicated to nursing home abuse. Unfortunately, nursing home abuse is common in the United States. Older adults get hurt, are neglected, and even die in the same facilities where they should be receiving proper care. According to the federal government, “nursing home abuse means the willful infliction of injury, unreasonable confinements, intimidation, or punishment with resulting physical harm, pain, or mental anguish.” Nursing home abuse involves harm or injury done to an older adult intended to cause pain, suffering, or impairment: www.nursinghomesabuse.org or visit The National Council on Aging. www.ncoa.org
Elder Space: This website is offered by a team of advocates who want to make the world a better place for senior citizens; like your parents, grandparents, and great grandparents. www.eldersplace.org
MarketWatch: A collaboration of viewpoints of all things relating to broad view of investments: stock market quotes, business news, general finance, estate planning, retirement planning, wealth planning and lifestyle commentaries. www.marketwatch.com
Confidential Personal Financial Organizer: This is a Life Income Management™ exclusive gift for anyone who would like to organize a listing of their personal information for easy access, in the event of a personal emergency. This organizer helps beneficiaries, spouses, family members or friends to know who to contact and other pertinent information that may be required if you have a serious event. You can find the link to this organizer on our home page on this website on the right hand side of the page.
IRS Required Minimum Distribution Worksheet: This is the IRS published worksheet used to calculate required minimum distributions; most current worksheet as of February 2020. The 2020 Secure Act established new guidelines for beginning RMDs at age 72 starting in year 2020. You will find the instructions easy to follow. For more information please go to the IRS website: www.irs.gov/.../required-minimum-distribution-worksheets
Annuities: Annuities are complicated and there are many pros and cons and do's and don'ts involved in the appropriate use of annuities. An excellent resource to learn about annuities is Annuity.org, a not-for-profit organization dedicated to the vigorous process of vetting annuity information. www.annuity.org
The Simple Dollar: Provides valuable information on all aspects of credit revival for those who find themselves in financial trouble (the following is taken from their website): Despite the best intentions of those of us who write about money, most financial advice on the web is downright unusable for readers in financial distress. What good is an article about building an emergency fund when someone can't make ends meet? And how does investing advice help the family who is barely putting food on the table? Much of the time, the "rah-rah-rah, feel good" articles we write fail to reach people who are actually going through hard times. It's not that we don't want to reach those people; it's that most advice is aimed at helping people work with what they have. But how can you get ahead when you have nothing? What if your situation will get worse before it could possibly get better? www.thesimpledollar.com
Social Security Choices (taken from their website): Determining when to claim your Social Security benefits is not only an important decision, but also a complicated one for most people. Because the Social Security program is designed to handle many different situations, the regulations covering who can get which benefits and at what age are numerous and complex. (If you want to see for yourself, check out the Social Security Handbook, or the Program Operating Manual.) Even if someone is familiar with all of the provisions that might affect their choice, it can be extremely difficult to determine the optimal strategy to help you get around these complexities and determine your best Social Security strategy, we can provide you with a customized analysis, tailored to your specific circumstances. Before you finalize your Social Security claiming strategy take a moment to view this website and hear what Dr. Jeff Miller has to say about claiming your Social Security benefits. www.socialsecuritychoices.com
MorningStar (from their website): Is an independent research, mutual fund rating company often referred to as the " star rating". MorningStar offers the "Fantastic 48" (one year it was the fantastic 51) which offers their view of the top 48 mutual funds with a detailed rating review. MorningStar uses The Five Pillars Research Methodology to evaluate funds. This methodology is based on the five key pillars: Process, Performance, People, Parent, and Price. They list what their analysts believe will lead to funds that are more likely to outperform over the long term on a risk-adjusted basis. Analysts assign a rating of Positive, Neutral, or Negative to each pillar. www.morningstar.com
National Association of Insurance Commissioners: This is an excellent site that can educate and direct you to resources that will support your research on life and annuity insurance companies. The NAIC describes themselves (taken from their website): The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization created and governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer review, and coordinate their regulatory oversight. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally. NAIC members, together with the central resources of the NAIC, form the national system of state-based insurance regulation in the U.S. www.naic.org