Tax-Free
Retirement Planning
It’s no secret that we can’t depend on Social Security or pensions alone to provide the income necessary to live out our golden years of retirement. Today’s retirees are more active and enjoying longer lives than ever before.
Are you certain your current retirement plan will last as long as you need it and keep you in a comfortable lifestyle? Have your retirement funds been diminished by losses in the stock market? Well, what if you could enjoy:
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the gains of certain stock market indices with lower risk
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the tax-deferred benefits of a qualified plan
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the flexibility to fund and withdraw your money tax-free regardless of age and income;
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guaranteed lifetime income; and
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provide a tax-free income for your heirs?
It’s possible and we can show you how to enjoy the benefits of tax-free retirement income. What are your dreams for retirement? We can help you get there.
Life
Insurance
There are many kinds of life insurance, but they generally fall into two categories: term insurance and permanent insurance.
Term insurance is designed to meet temporary needs. It provides protection for a specific period of time (the “term”) and generally pays a benefit only if you die during the term. This type of insurance often makes sense when you have a need for coverage that will disappear at a specific point in time. For instance, you may decide that you only need coverage until your children graduate from college or a particular debt is paid off, such as your mortgage.
In contrast, permanent insurance provides lifelong protection. As long as you pay the premiums, and no loans, withdrawals or surrenders are taken, the full face amount will be paid. Because it is designed to last a lifetime, permanent life insurance accumulates cash value and is priced for you to keep over a long period of time.
It’s impossible to say which type of life insurance is better because the kind of coverage that’s right for you depends on your unique circumstances and financial goals.
But remember, the best way to figure out the amount and type of life insurance that makes sense for your particular situation is to meet with a qualified life insurance professional.
Mortgage
Protection
Your house may be the largest purchase you’ve ever made. You committed to repay the hundreds of thousands of dollars you borrowed to make it into your home. This is where you create memories and celebrate milestones. Income loss due to unexpected illness, injury or death can often send families into a tailspin toward financial disaster.
Without proper planning and protection in place, bankruptcy and foreclosure could become a reality. With the benefits of mortgage protection, you can ensure that you and your loved ones will always have a place to call home.
G.O.O.D.
(Get out of Debt)
Program
Foreman Financial Services Inc. uses the Your Family Bank® concept to provide a solution for paying off debt, reducing taxes, and increasing retirement savings - all while using a safe, predictable product that provides guarantees.
Request a consult, and let our financial advisor show you how you can:
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Reduce the volume of interest you are paying to lenders
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​​Get out of debt in half the time as your current schedule
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Increase your cash-flow
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​​Decrease your taxes
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Save for college
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Retire with tax-favored income
Financial
Services
At Foreman Financial Services, we are committed to providing our clients with the knowledge and resources to establish and achieve their personal and professional financial goals. Whether it’s tax-free retirement, business succession planning, asset accumulation or more, we’re here to help.
Upon review of your current financial position, future goals and lifestyle, your FFS agent will assist you in using insurance and fixed annuity products to design a strong financial portfolio to help achieve your goals and protect what you value most.
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College
Planning
There’s no denying the benefit of higher education, but we realize it comes with a hefty price tag. You are ready to start saving for college, but where should you put your money?
There are several factors to consider, including your children’s ages, state in which they will attend school, amount you are willing or able to fund and the potential impact of early withdrawal penalties, taxes and so much more.
Our experienced agents can walk you through each step and find the best college savings plan for your needs.