Your Concerns

As you prepare for our initial meeting, consider the topics discussed in these brief summaries and how they relate to your long- and short-term financial goals.

Making Your Retirement Everything You Dreamed It Would Be

Imagine waking up on your first day of retirement. What will you do all day? Play golf? Romp with the grandkids? Go sailing? Take a trip? You'll need a plan to turn your dreams into reality. On that first morning, you'll want to awaken to a retirement lifestyle that is as comfortable, or more, as when you were at the peak of your career.  Therefore, now is the time to start thinking about your ideal retirement lifestyle.

It's likely you will be retired longer than those who retire today. Putting more aside presently can help you live comfortably during retirement.

Diversified Financial Consultants, LLC, has experience in helping people prepare for a bright future. We offer products to help make your retirement everything you envisioned and more. You work hard to set aside money for retirement. We can help you make it go even further.

Advantages of Donating Life Insurance Proceeds

Charitable giving is a chance to aid your church, school, or favorite cause.  It can assist you in gaining personal satisfaction, as well.  Life insurance provides a way for you to multiply the value of your gift beyond what might be your current means.

As an example, say you want to donate a certain amount of money to your alma mater. If you used the money instead to pay the premiums on an appropriate life insurance policy and named the school as the beneficiary, the death benefit may be worth more than the original amount you intended to give. This larger amount might help create a scholarship in your name, or help the school pay construction costs for a new building.

Using life insurance as a gift can help preserve other assets for heirs. Premiums can be paid easily from your annual or monthly budget. This way, any major assets you intended provide for your heirs can remain in the family, while your desire to make a large donation can be met as well.

Provided you kept the policy in force during your lifetime, the death benefits are usually paid quickly, with minimum delays to the beneficiary. Typically, life insurance proceeds are not subject to probate or estate settlement costs, either.

If a qualified, non-profit organization purchases the policy, but you pay the premiums, some or all of your premium payments may be tax deductible. (Laws vary from state to state, so it's a good idea to consult with your legal and tax advisers.) Plus, the death benefit commonly won't be counted as part of your estate for estate tax purposes. When you retain ownership of the policy, the proceeds of that policy are included in your estate, but the amount paid to charity may be deductible as a “charitable bequest" if your heirs owe estate taxes.

If your selected charity purchases a permanent life insurance policy with you as the insured, the charity may be able to borrow some of the policy's cash value. Generally, the value builds up over time, but the loan will reduce the available death benefit if not repaid before your death.

When you make the gift of life insurance, no one has to know about it except you and the charity. Not even your family has to know, if that's what you desire. When a death benefit is paid, the courts normally aren't involved. There may be no public record of the gift, and it's extremely difficult for surviving heirs to dispute.

Planning a Legacy for Loved Ones

After decades of working hard, saving, and investing, it's common to desire sharing what you've accumulated with those for whom you care. If you are one of millions of Americans who are concerned about leaving something to family members, or a favorite charity, now is the time to begin planning that legacy. Employing the appropriate giving strategies now may help increase the value of your gifts, both for yourself and for your intended heirs.

Educating Your Children

If you have children and you want them to attend college, the first day of classes will arrive quicker than expected. Once that day comes, you'll likely face one of two scenarios.

It could be that you'll wave good-bye as your child's car pulls out of the driveway packed with school supplies and dorm furniture, knowing that you've planned well for the expenses — expected or otherwise —that the next four years are certain to bring.

Or, you could wave good-bye with a lump in your throat, wondering if the next four years will be filled with loan applications, financial aid requests, and the specter of having to scrimp and save to make each tuition payment.

Fortunately, Diversified Financial Consultants, LLC offers a selection of products to help you avoid the second scenario. We understand how important it is for you to provide an education for your children.  We are dedicated to helping you meet that goal.

Protecting Your Home

Part of the American Dream is to own a house. However, having a home to make special, a place to raise a family and where you can spend your happiest moments is much more than simply a roof over your head.  It's a major financial commitment to own and maintain a home.

It's important to think of a home as one of your most important investments — one that needs to be protected. Planning to safeguard the investment in your home is critical to help ensure it being there to protect your family for years to come.

One way to help is to consider insurance products for mortgage protection.  The death benefit from the appropriate Permanent Life or Term Life insurance policy can help your family retire the mortgage and help preserve their current lifestyle, including their dreams for the future. Protecting your family's future at this time may help put your mind at ease, so you can focus on living in the here and now.

There are many financial products and services available. We can help you decide which are most appropriate for your situation and help you make adjustments as your needs change in the future.