Wealth Management
This type of account grows tax free.
What is a Roth or HSA?
The most expensive life insurance, but also the most powerful.
What is [participating] whole life?
This is the starting point of any financial picture, even though most people despise this step.
What is budgeting?
Used to figure out how much you can sell your business for.
What is a business valuation?
This is my wife's home country.
What is Brazil?
This type of account grows tax deferred.
What is traditional or qualified account?
This protects your largest asset, your ability to make money.
What is disability insurance?
You should have this many months of expenses saved up if you have 2 similar incomes coming into the home.
What is 3 months?
Mechanism for business partners to purchase the business from each other in specific situations.
What is a buy sell agreement?
The name of the celebration day of an adoption.
What is a "Gotcha Day"
This is preferred to paying regular income tax, and the rates are 0%, 15%, and 20% depending on your tax bracket.
What are capital gains?
99% of the time, this policy pays out nothing.
What is term life insurance?
This strategy says to order all your debts and pay them off smallest balance to largest.
What is the debt snowball?
This is the max deferral into a 401k for 2024/2025 under age 50.
What is $23,000/$23,500?
This is my dog's name.
What is Achilles?
This designation supersedes anything written in a will.
What is a beneficiary designation?
You hit this status when you need help with 2 of the 6 activities of daily living.
What is Long Term Care?
Banks have trillions of dollars in these because clients like guarantees and growth.
What are CDs?
An important consideration when creating your business and planning for tax efficiency and liability protection.
What is entity structure?
This is my favorite color.
This allows you to donate assets to a charity to get it out of your estate while still receiving income from it.
What is a Charitable Remainder UniTrust (CRUT)?
When built right, this product pays you for the rest of your life, no matter how long you live and even if the account value goes to $0. Similar to buying a pension.
What is an annuity?
This is the account where most people should put excess savings beyond their emergency savings.
What is a Non Qualified/Joint Non Qualified account?
This is the max contribution to a 401k .
What is $69,000/$70,000?
This is the number of graduating people in my HS class
What is 19?