SML Planning Minute
SML Planning Minute podcasts provide timely and thought-provoking financial ideas and concepts for individuals, families and business owners. Be sure to listen in! Simply click on a topic below to access a podcast. You can also subscribe to one of the many service providers to listen on the go.
The Dangers of a Missing Beneficiary Designation
Episode 100 - Many people are under the mistaken impression that when they die, their will is going to dictate where all their assets go. Not necessarily. Certain types of assets, such as a pension plan or life insurance, are normally allocated based upon...
Growing With Your Life Insurance Policy
Episode 97 - Most consumers don’t understand the different types of life insurance available and the roles each plays. Purchasing a whole life insurance policy on a minor child is a great gift and wise planning strategy to protect the child’s insurability...
Why High Net Worth Clients Should Consider Implementing Their Estate Plan Before the End Of 2020
Episode 96 - With an uncertain election coming up, our wealthy clients may feel little urgency in updating their estate plans. But the time to act is now. High net worth clients should consider implementing their estate plan before the end of...
Supplementing Your Retirement Savings Using Life Insurance
Episode 95 - One overlooked option to help supplement your retirement savings is whole life Insurance. It helps protect your family at death, supplements retirement income, and can provide other lifetime benefits. Here’s how.Transcript of Podcast Episode...
A Good Reason to Wait
Episode 94 - What’s the best investment you can make for your retirement? For many future retirees, their best “investment” may be delaying collecting Social Security benefits.Transcript of Podcast Episode 94
SBA Loans and the Need for Life and Disability Insurance
Episode 82 - To start, stabilize or expand a business, one of the most common sources of funding has been the U.S. Small Business Administration (“SBA”). SBA loans have many requirements, fees and prepayment penalties. A surprise to many borrowers is the...
Why Every Business Owner Needs a Business Succession Plan
Episode 81 - If you’re a small business owner, you’ve worked tirelessly to build your business. Your financial needs and those of your family are highly dependent upon it. So now is the time to make sure that you have a business succession plan for...
Retirement Income for Owners of Pass-Through Entity Businesses
Episode 79 - Owners of pass-through businesses have few options outside of personal savings and the sale of the business for retirement income, unless a qualified retirement plan is installed. There is, however, a simple option that we’ll...
Attracting and Retaining Top Talent with Executive Bonus Plans
Episode 78 - An Executive Bonus Plan is a flexible strategy to recruit and retain top employees with a unique benefit that helps them protect their family and to build up supplemental savings. We’ll examine how this works.Transcript of Podcast Episode 78
A Strategy to Hold Your Best Employees—Retention Bonus Plan
Episode 76 - A Retention Bonus Plan is a strategy to retain your best employees for a specified period of time with a unique monetary benefit. It builds loyalty and helps the employee supplement savings. We’ll examine how this works.Transcript of Podcast...
Cash Value Life Insurance—Keeping Business Dreams Alive
Episode 75 - Cash value life insurance can help you weather personal and business storms. Just look at the stories of these famous entrepreneurs: Walt Disney, Ray Kroc, Max and Verda Foster, and Doris Christopher, and how cash value life insurance saved...
Offset Your Costs with a Tax Credit
Episode 74 - Did you know that the amount of tax credit an employer may receive for qualified costs incurred as a result of setting up a new retirement plan has increased?Transcript of Podcast Episode 74
Planning for the Qualified Business Income Deduction
Episode 62 – The Section 199A deduction is complex, but for many successful pass-through business owners, there are strategies to help qualify for the deduction. Your Security Mutual life insurance advisor can help you plan to meet the income thresholds of the law. Continue Reading Planning for the Qualified Business Income Deduction
Why Your Business Needs Key Person Insurance
Episode 61 - As a business owner, you insure your inventory, equipment and vehicles. Yet you may not be insuring your most valuable assets. Those are your key employees who help you operate, manage and generate revenue for your company. Key person...
Stretch IRA Substitute
Episode 60 – The SECURE Act eliminated the use of the “stretch” IRA, but there may be a way to replace that lost wealth and accomplish a similar goal by using the combination of a life insurance trust and a Single Premium Immediate Annuity. Learn more here. Continue Reading Stretch IRA Substitute
’Tis Always the Season for Giving—Here’s a Twist
Episode 58 – Charitable giving occurs throughout the year, not just during the holidays or at year-end. Most people engage in “checkbook philanthropy.” But did you know that there are other ways to give and make a greater impact? Life insurance is one such way. Here’s how. Continue Reading ’Tis Always the Season for Giving—Here’s a Twist
How the SECURE Act Affects Employer-Sponsored Plans
Episode 54 – If you are a business owner, you need to be aware that the SECURE Act makes several changes to employer sponsored retirement plans. Most of the changes simplify administration, but not all. Here are the main provisions impacting employer-sponsored retirement plans. Continue Reading How the SECURE Act Affects Employer-Sponsored Plans
What You Need to Know About the SECURE Act and Your Retirement Savings
Episode 53 – The SECURE Act is now law. It significantly impacts how we save in our IRAs and retirement accounts, and how we spend those savings. Here’s a brief summary of some of the more important provisions. Contact your local Security Mutual life insurance advisor today to review how the SECURE Act impacts your financial and retirement goals and objectives. Continue Reading What You Need to Know About the SECURE Act and Your Retirement Savings
Social Security Survivor Benefits
Episode 49 - Learn more about Social Security Survivor Benefits in this podcast episode of SML Planning Minute. Continue Reading Social Security Survivor Benefits
We May Be Able to Save You Money
Episode 34 – You probably know that you can save money on your car insurance if you maintain a safe driving history. But did you know that healthy living can also save you money? Security Mutual’s Healthy Living Program, or HeLP, recognizes the good health and life expectancy benefits of leading a healthy lifestyle. Continue Reading We May Be Able to Save You Money
