Nick Greco

As we approach retirement age, we have to manage money differently... it becomes about protecting what we’ve built and making sure that the money we’ve built up serves us in our retirement years.

We have a client that wanted to use her retirement account as income during her retirement. The money was sitting in a 401k invested in stocks. She didn’t know which stocks, & wasn’t involved in the decision process for her own money.

We were able to help her get a guaranteed income like she wanted. She also saved herself from losing over $80,000 by moving the money into a safe account where she can’t lose money.. her future income is secure.

https://www.instagram.com/reel/C3S0vecLyfd/?igsh=MWNvdDA4bTRweTB5YQ==

As we approach retirement age, we have to manage money differently... it becomes about protecting what we’ve built and making sure that the money we’ve built up serves us in our retirement years. We have a client that wanted to use her retirement account as income during her retirement. The money was sitting in a 401k invested in stocks. She didn’t know which stocks, & wasn’t involved in the decision process for her own money. We were able to help her get a guaranteed income like she wanted. She also saved herself from losing over $80,000 by moving the money into a safe account where she can’t lose money.. her future income is secure. #retirementplanning #financialservices #wealthmanagement #insurancebroker

Did you know that you should have a policy that would cover 10 to 12 times your annual salary?

If you pass away, your family isn’t left with the burden of possibly losing the home and losing their current lifestyle. Your family can take that tax free lump sum of money received upon death and use it as needed. Potentially they can invest it & live off the interest replacing the income that was lost.

Comment the word safety and I’ll DM you three helpful tips to set this up without breaking the bank. 👇🏻

https://www.instagram.com/reel/C3DoCVhJABi/?igsh=MW55anQyeTg3MjByaA==

Did you know that you should have a policy that would cover 10 to 12 times your annual salary? If you pass away, your family isn’t left with the burden of possibly losing the home and losing their current lifestyle. Your family can take that tax free lump sum of money received upon death and use it as needed. Potentially they can invest it & live off the interest replacing the income that was lost. Comment the word safety and I’ll DM you three helpful tips to set this up without breaking the bank. 👇🏻

While life insurance offered through work can be a valuable benefit, it may not always be sufficient for an individual's needs. Here are some reasons why:
1. Coverage Limits: Employer-provided life insurance often has a coverage limit, which may not be enough to provide for a family's long-term financial needs. It's important to consider whether the policy's death benefit will be sufficient to cover expenses such as outstanding debts, mortgages, children's education costs, and ongoing living expenses.
2. Dependents: If an employee has dependents, such as children or a spouse who relies on their income, it may not be enough to rely solely on the life insurance provided by their employer. Additional coverage may be needed to ensure that their dependents are fully taken care of in the event of their unexpected death.
3. Job Changes: When an employee leaves their job, they may lose their employer-provided life insurance coverage. This can be especially problematic if the employee has health conditions that make it difficult or expensive to obtain coverage on their own.
4. Customization: Employer-provided life insurance plans may not offer enough customization options to meet an individual's unique needs. It's important to review the policy's terms, conditions, and exclusions to ensure it aligns with the individual's specific circumstances.

The importance of living benefits ⬇️

How are you keeping your money secure in these times?

Busting some life insurance myths ⬇️

I've just reached 500 followers! Thank you for continuing support. Looking forward to serving each and every one of you!

Tune in this Friday for another live chat. This week we will be discussing how to determine what is the best type of life insurance for you: term or whole life. Feel free to tune in and ask any questions that you have, I’m happy to help. Info below ⬇️

“I have life insurance coverage through my work. Isn’t that enough?”
We get this question a lot and unfortunately the answer is usually no. Every situation is different, however unfortunately in most cases the coverage you have through work is not enough. For example say you make $60,000 a year and you have $100,000 in life insurance coverage. If you were to pass away, how long would that money protect your family? It might seem like a lot in the beginning but when you stop and think about all of the things that need covered for your family, it might only be enough to cover a few years. Mortgage payments, healthcare, cost of living, children expenses, etc. Life insurance is a PERSONAL financial decision. Group coverage cannot take into consideration everybody’s financial situations. Of course, having coverage through work is better than having no coverage at all, but we at Legacy Life would love to encourage you to sit down and evaluate how much coverage you ACTUALLY need to protect your family.

If you are looking to protect your money from the market, and annuity might be a great option for you. Below are the four main reasons one would put their money into an annuity ⬇️

A few things to know about transferring your 401k into an annuity:

Where do you think that debt is going once you’re gone?? 🤔
According to the average American is dying with $62,000 in debt. Guess who gets stuck with that debt? Answer: your family. That’s why it’s so important to have a plan to protect your family.