Case Study: Locking into a Fixed Annuity Delayed Retirement | |
Client’s Retirement was Delayed After Being Locked into a Fixed Annuity… | |
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In 2020 during the COVID outbreak, many investors worried about the state of their retirement funds and reacted in fear. One client who wanted to retire in the next five years was no different. Because most of their funds were in a 401(k) and they wanted to preserve these, the client sought an advisor who would pull them out of the market and put their money in a principal-protected account. The original goal of this was to safeguard their wealth amid market volatility while still achieving growth.
The trouble began when the advisor put the client in a 10-year fixed annuity that went past their intended retirement date, clearly missing their time horizon...
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Blog by Kiran Sharma–
Financial Advisor, Tax Accountant
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This is a hypothetical example and is not representative of any specific situation. Your results will vary. | |
Case Study: One Understanding Financials Class Can Boost Your Business | |
Business Owner Learns More in Storen Understanding Financials Class than in Weeklong Training | |
Recently, a client attended our Understanding Financials class with the intent of learning more about the Balance Sheet and how it explains what bankers have said about her business. She was also in the process of buying the entire business from a family member but wanted to ensure that it was worth what they claimed. After our Business Service specialists reviewed the company’s Balance Sheet and Profit and Loss statement with her, the client knew how to determine the business’ worth before buying or selling it. Additionally, by reviewing this data, she could understand the business’ tax debt even better. By the end of the training class... Click here to continue reading this blog. | | |
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Erika Lewis –
Business Services Director
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This is a hypothetical example and is not representative of any specific situation. Your results will vary. | |
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Are your beneficiaries up to date? Designating beneficiaries on your investment accounts can easily slip to the bottom of your to-do list. But this task shouldn’t be forgotten. It can help protect a sizeable portion of your estate and ensure that your assets go to the right people. (Click here to learn more about updating your beneficiaries.)
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More Important News & Resources | |
Our goal is to share valuable and practical information with you through our blogs, resource links, social media posts, and updates. On our blog, you’ll find all the tools, resources, and information you need. Have questions? Give us a call! | | |
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It’s crucial to regularly consult a tax professional, as they will guide you in navigating these convoluted situations and avoiding audits, back taxes, and delinquent fees that accrue when you file incorrectly. To avoid hefty penalties, here are 9 situations in which it is best to let a qualified tax professional complete your return… Click here to read this blog. | | |
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Rental Property Tax Questions Answered | Do you own an apartment building, duplex, or house that you rent out? Are you considering joining the rising trend of homeowners who rent out their second home, vacation home, or other properties they own? Every year, we receive questions from rental property owners who are at a loss for how to know what is considered rental income, what is and isn’t deductible, and more... Click here to read this blog. | | |
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Event: Medicare Open Enrollment Details - November 12th | Join us for this complimentary, virtual event on November 12th, where Ruth Hoffman, Storen Financial’s Medicare Benefits Specialist, walks you through the Medicare process and enrollment guidelines as well as addresses questions you might have about this health insurance option. Register now, space is limited! Click here for details. | | |
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Join us as one of our Financial Assistants, Joseph Cavazos, sits down to discuss the financial milestones that young professionals in their 20s-30s often face. In this video, Joseph explains and simplifies life insurance. Click here to watch this video. | | |
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How Will the Corporate Transparency Act Affect Your Business? | The Corporate Transparency Act requires otherwise unregulated companies to report information about “beneficial owners”. Reporting companies created or registered to do business in the United States before January 1, 2024 must file by January 1, 2025. Click here to read this blog. | |
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Have feedback to share with us? Send us a testimonial! We’d love to hear about your experience with Storen Financial. Click here to share.
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Comprehensive Financial Services | |
We are here year-round offering comprehensive tax, accounting, and financial planning services that will help you pursue your financial objectives... | |
Our team is committed to delivering professional financial services with personalized customer attention. Have you met... | | |
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Ruth Hoffman –
Medicare Benefits Specialist
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Ruth joined the team in 2019 after working with Storen Financial for over 10 years. Ruth has over 20 years of Medicare experience and has been working with healthcare insurance clients 65 and over since 2006. Ruth is certified to sell Part D, Medicare Supplement and Advantage Plans, including MSA, and is licensed in Life & Health. Click here to read more. | |
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ADDRESS
1120 W Oak St, Suite 200
Zionsville, Indiana 46077
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Storen Financial is an established independent investment and accounting firm in the Indianapolis area, headquartered in Zionsville, serving clients in 43 states. A local institution for over 50 years with a focus on team, family, and community involvement, we pride ourselves on forward thinking innovations and dedicated customer service. We offer year-round, comprehensive options that implement tax-saving strategies to help individual and business clients pursue financial goals. Click here to learn more about Storen Financial. | |
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The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results.
No strategy assures success or protects against loss. There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.
Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Brass Tax Wealth Management, a registered investment advisor. Tax/accounting/CPA related services offered through Storen Tax & Financial Group Inc. DBA Storen Financial. Greg Storen and Storen Tax & Financial Group Inc., a separate legal entity, are not affiliated with LPL Financial. LPL Financial does not offer tax advice or Tax/accounting/CPA related services.
Brass Tax Wealth Management and Storen Financial are separate entities from LPL Financial. The information contained in this e-mail message is being transmitted to and is intended for the use of only the individual(s) to whom it is addressed. If the reader of this message is not the intended recipient, you are hereby advised that any dissemination, distribution or copying of this message is strictly prohibited. If you have received this message in error, please immediately delete.
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