Creative Financial Solutions

06/01/2021

I've had many ask how to set an appointment with me!
Great question!
Just go to my website and click "SET AN APPOINTMENT" on the upper right-hand side in ORANGE!
I look forward to speaking with you! Let's talk about your situation and what your retirement looks like!
Visit here:

https://creativefinancialsolutions-mi.com/

05/24/2021

Women statistically live longer than men do, and are the beneficiaries of life insurance 70% of the time. Women also now are the breadwinner of their home over 50% of the time, so why do less than half of working women have a policy?

This article from talks about the importance of life insurance for women and the ten big things all women should know about having a life insurance policy.

Check the article out here:

https://www.forbes.com/advisor/life-insurance/what-women-should-know/?fbclid=IwAR1dY5Gz8DvInOAfZv01775CQEapP5dGPS68FrZBDgYmjDa0uC74kL4c5Hs

Women: It’s time for you to close the gender gap in life insurance ownership. Just 47% of women have life insurance coverage versus 58% of men, according to the 2021 Insurance Barometer Study by Life Happens and LIMRA, insurance industry groups. Yet women are just as likely to need life insurance ...

05/24/2021

A study from 2019 showed that the most important thing retirees wanted from their was to safely spend in retirement. That's the importance of not only having a paycheck in retirement, but also a PLAYcheck!

Having guaranteed lifetime income from an is a great way to ensure that you have enough money to comfortably spend your wealth in retirement.

05/05/2021

I've said it before and I'll keep saying it: if you don't plan your estate, the State will plan it for you!
Planning your estate is an important part of a plan, and that includes protecting your loved ones against estate taxes after you're gone.
This from Financial Advisor Magazine discusses some great ways to protect your estate against taxes. Give it a read here:

https://www.fa-mag.com/news/how-trusts-can-be-used-to-counter-tougher-estate-taxes-61555.html?fbclid=IwAR1Crvi7qrlKOmWf2I9qInD1z8OvfvMF4W2qlU6DjsNcXL_3njloTeK-X2Y

Advisors are expecting the Biden administration to possibly lower the estate tax exemption.

04/01/2021

I always aim to provide a better understanding of how life insurance and can work in specific situations. Here's another great real-life example!This from Kiplinger features the case of a man named Jim who takes out a whole life insurance policy to increase his retirement income. Check it out here:

Whole life insurance might not be something that’s on your retirement planning radar, but for this client, here’s how it served his need to control taxes, allow for income and provide a death benefit to his daughters.

03/31/2021

HEADS UP:

More stimulus checks are on the way through direct deposit and the mail.

The Internal Revenue Service and U.S. Treasury said Monday that the next batch of Economic Impact Payments will be issued this week with many coming as paper checks or prepaid debit cards. Some direct deposits began processing Friday with an official pay date of Wednesday, March 24.

Additional payments are expected to be released on a weekly basis going forward, the IRS said in a news release.“The IRS continues to send the third round of stimulus payments in record time,” IRS Commissioner Chuck Rettig said in a statement. “Since this new set of payments will include more mailed payments, we urge people to carefully watch their mail for a check or debit card in the coming weeks.”

03/30/2021

Contact Us!

https://creativefinancialsolutions-mi.com/contact/

Call or email us today to speak to a team member immediately. Or fill out the form on our website and we will contact you within 24 hours. Thank you!

888-296-3360
[email protected]

03/29/2021

How a Payroll Tax Cut Could Affect Your Finances, Now and Later
Is this deferment best for everyone?

Is this deferment best for everyone?

03/26/2021

How to avoid a tax audit:

Stay within IRS guidelines to avoid being audited.

03/25/2021

"Paying for student loans can feel overwhelming, especially if you're dealing with high payments or living paycheck to paycheck," says Leslie H. Tayne, a financial attorney and founder of Tayne Law Group in New York. "Taking out money from your 401(k) to pay off your student loans can be tempting, e...

03/24/2021

Food or thought:1.While you end up paying taxes on your retirement savings one way or another, you have at least partial control over how much you pay and when that happens.2. If you are considering a Roth conversion to eliminate taxation on withdrawals down the road, be sure to see how the move would impact your current tax situation.3. There may be strategies to minimize what you pay on converted http://amounts.Read the full article below for more details!

https://www.cnbc.com/2021/03/21/government-owns-piece-of-traditional-401k-or-ira.html?fbclid=IwAR2_Wiqno-6BLXZsHbi0fg5p2mKE3Pb_MnTqzp_TJUhLRtAZ2Ufat6NEcSI

03/24/2021

DID YOU KNOW!!!!The IRS announced late last week that the due date for filing 2020 federal individual income tax returns and making 2020 federal individual income tax payments is automatically postponed from April 15, 2021, to May 17, 2021