Upside Opportunity without Downside Risk !

Recent headlines are creating a lot of uncertainty in the financial markets. At times like this we all consider alternatives to the Stock Market and Mutual Funds.

Are you familiar with the favorable attributes of Indexed Annuities and Indexed Life Insurance products?

Markets go through many different cycles and present periods of significant volatility.  With the recent volatility that we have seen you can certainly make a strong case for having a portion of your portfolio more secured through indexed products!

You may know Indexed Annuities and Indexed UL are designed to provide protection in times of market volatility while also presenting greater upside potential than traditional fixed interest products.

If you are already involved in Indexed products rest assured you have built in protections against down markets.

Click on this link to learn more  http://bit.ly/2PKV6rj

If we can help please call me.

Reynold Jones

817-545-3900 ext. 102

[email protected]  

IRS ALERT CONCERNING YOUR HSA!

Now that I have your attention, are you aware of your HSA limits ? Review your paycheck and your deductions. You may not be taking advantage of the maximum HSA contribution for 2018 . The maximum contribution limit if you are single is $3,450 and the maximum contribution limit for family is $6,900. Also, remember that if you are 55+ you are allowed an additional “catch up” contribution of $1,000. See this chart.

A Health Savings Account, or HSA, is a unique, tax-advantaged account that can be used to pay for current or future healthcare expenses.When combined with a high-deductible health plan, it offers savings and tax advantages that a traditional health plan can’t duplicate with an HSA. You are paying for medical expenses with before tax dollars instead of after tax dollars. Who doesn’t want to save tax dollars ?!Important Note : If funds are not used, they roll over and will be accessible year after year. There’s no “use it or lose it” penalty.

You can pay for a wide range of IRS-qualified medical expenses with your HSA, including many that aren’t typically covered by health insurance plans.This includes deductibles, co-insurance, prescriptions, dental and vision care, and more. For a complete list of IRS-qualified medical expenses visit irs.gov or view a list of qualifying expenses. 

We work with Qualified Health Insurance Agents and Qualified Life Insurance Agents that can help you with all of your Insurance needs.

 

Need Cash for Christmas?

Need Cash for Christmas ?

Are you in need of cash? Well, that’s kind of a loaded question. Everyone always would like to have some extra cash, right?

So if you find yourself in need of cash, do you go to your Life Insurance policy to withdraw cash? Do you take out a loan in your policy?

Be careful! If you take cash out of your Life Insurance policy, it can have a tremendous impact depending on your policy. Below are some of the things to consider when contemplating taking cash out of a Permanent Life Insurance policy. 

Removing Cash Value can adversely effect the guarantees in many Permanent Life Insurance policies.


Permanent Life Policies
If you withdraw cash from a permanent life insurance policy, by request the life insurance company will run an in-force illustration that will project the longevity of your policy. This important tool would reflect any negative impact on your policy as a result of the withdrawl.

Policies and stipulations vary from one life insurance company to another so it is important to review the specifics of your policy. If you own a Guaranteed Universal Life policy, you should NOT take out any cash value without first talking with your life insurance agent.

In fact, you would be well advised to have a discussion with the home office, but most importantly–communicate with your life insurance agent! One must understand the ramifications of removing any cash value from any permanent life insurance policy.

If you need assistance, Reynold Jones Insurance Group works with the very best life insurance agents and financial advisors in Hurst, Euless and Bedford–as well as across the Dallas/Fort Worth Metroplex.

Life: Top 5 Reasons to Insure Yours

Life: Top 5 Reasons to Insure Yours

Life insurance. Have you stopped reading yet? What about financial struggles for those you love? Are you interested now? As a topic, life insurance probably ranks with death and taxes on the fun-o-meter. But, this is Life Insurance Awareness Month.  It’s an important topic because life happens. So, keep reading.

First, a few facts:

  • Roughly 30 percent of households had no life insurance coverage in 2016.
  • Only 44 percent of all households had individual life insurance in 2016 a 50-year low.
  • Four in ten households with children under 18 say they would be in financial trouble if the primary wage earner died suddenly.
  • Another three in ten would have trouble meeting monthly expenses beyond a few months.

Here are my top 5 reasons you need life insurance:

Number 5: You have a family. It’s a no brainer if this is you. If you’re not there to bring home the bacon, they might not starve, but they sure may struggle.

Number 4: You have debts. If you die, your estate must pay your debts before your family receives anything. Life insurance will cover those debts so your family doesn’t have to.

Number 3: You rent – don’t have a mortgage, you still pay rent. Who will cover the rent if you’re gone? If you have a life insurance, it’ll be covered.

Number 2: You have a job. No kids, no mortgage, live at home still with the parents – good reasons to not worry about life insurance, you say. But, what happens if you’re unable able to work long-term? Income protection, another form of life insurance, can help make sure you can afford the lifestyle you’re accustomed to living.

And, the number 1 reason …  Peace of mind!

 

Let’s face it, life happens. It throws curveballs, fastballs and wicked knuckleballs at you all the time. Finding even just a little peace can be elusive. Life insurance is a way to make sure you, and your loved ones, will be financially ok no matter what.

 

In short, you’re paying the insurer for a financial peace of mind.

Peace!

 

Reynold Jones is a member of the National Association of Insurance and Financial Advisors – Texas. Reynold advises clients on ways to meet their insurance and financial planning needs.

Prepared by Lone Rock Strategic Communications

Aging as a Millennial

I’m starting to struggle with aging. People in my parents’ generation tell me I’m laughably young, but maybe it’s the beginning of the process that startles you the most. Seeing your cheeks get lower and your eyelids loosen seems off somehow—like it’s not really you in the mirror.

Each year of my twenties felt shorter and shorter, and I’ve struggled to keep up with the changes, both in my appearance and in my understanding of how life works. It might be because I have a deep sense of identity diffusion—I see myself across a wide range of ages and roles.

I am still two years old, five years old, twelve, and sixteen. I’m getting my driver’s license, laughing on merry-go-rounds, and hugging my parents goodbye at the entrance to my dorm. I am a college student; a teacher; a young professional starting his career. I’m still that kid working in a three-job frenzy between smoothie making, door-to-door sales, and substitute teaching, trying to make it to my first apartment. I feel a deep connection to every friend I’ve had since elementary school. I remember vividly everyone I’ve been in love with.

When I look in the mirror, I expect to see all those iterations of myself looking back. They should be carved into the flesh somehow, stored in the hard drive of my skin. Instead, I see the weight of sadness and loneliness. Maybe that’s just how aging looks. Or maybe it’s how the world looks now.

My parents and grandparents never looked that way to me. My teachers didn’t. Wrinkles were marks of maturity and experience when I was a kid. Kind, thoughtful creases made you trust somebody.

I really don’t mind looking older, in the way they did—where your eyes are still young.

I don’t mind looking older. I just want to look happy. I want to look like me.

I know it sounds crazy to talk that way six months before thirty—yeah, you can laugh if you want—, but my generation lives in a universe where our sense of image is heightened. Our friends—real or imaginary—live on our computer screens, where their vlogs and pictures are carefully moderated to demonstrate consistency. Change in appearance means unfamiliarity to viewers—which means fewer subscribers and less affirmation.

It’s even more pronounced for movie buffs and Netflix binge-watchers, whose unconscious idea of normalcy is situated around the Hollywood ideal. Actors spend a chunk of their salaries on looking the same throughout their twenties and thirties—keeping their skin taut, eating on customized nutrition plans, and maintaining a physique that would be otherwise unsustainable outside of work as a professional athlete. Just look up pictures of Stephen Amell “letting himself go,” where he looks better in his mid-thirties than I looked at twenty-two.

Not to mention the fact that actors are more emotionally dynamic, more vulnerable in their performances than most people are in real life. Add that to life in a heavily isolationist society, and we often feel more connected to the images we follow than we do to our colleagues and friendship circles in the real world. Your sense of beauty becomes sharply focused.

It’s no flak against guys like Amell—more power to them, and the rest of us should do what we can to take care of ourselves. It’s just that a nine to five imposes certain limitations. Even entrepreneurs have to put in their hours.

As the generation that pioneered virtual community, I guess it’s up to us to solve its problems. You can’t get ahead of time. It moves forward—and backward—too quickly. But maybe you can keep up. Maybe, if you cultivate a sense of presence in the now, you can feel like things are the way they’re supposed to be.

I hope so. I hope I can figure out what the changes mean. I hope there’s not really some universal standard of beauty that I’m moving away from. Above all, I hope I can enjoy the time I have while I’m learning.

 Guest blogger

 

Rothification

Have you heard the term Rothification. Are you tracking what all is going on with the tax reform discussion in Washington and how that will potentially impact you and your family ?

 I am a member of the National Association of Insurance and Financial Advisors ( NAIFA ) an organization that advocates for the insurance and financial services industry as it relates not just to agents and advisors but also our clients. Yes, you and your family benefit from the good work that NAIFA lobbyists do in D.C.

 As always there is give and take, right ? Tax cuts must be compensated for in other areas.

 One area under consideration would be to limit deductible IRA’s.  There have been proposals to limit pre-tax contributions to anywhere from $2,000 to $10,000 a year.  NAIFA’s position, and my personal position, is that we believe those limits will “harm overall retirement readiness and severely limit the choices of employers and plan participants”.

 Additionally, small business owners may decide that there is less advantage to sponsoring retirement plans for their employees who could simply set up Roth IRAs for themselves.

 As stated in a recent NAIFA article :

Rothification is not tax reform. It would simply shift around numbers on the government’s ledger, so that future tax revenues would be available to pay for tax cuts today. In effect, it is robbing future governments and American citizens of needed revenue years down the road. That would be a shameful act.

 What do you think ?

 

 

Dad to Sons, Iron Sharpens Iron

I recently came across a book that is very meaningful to me for a couple of reasons. First, Jerry Bundren has been a friend for many years.  We went to high school together and he actually tutored me in my math classes. I was Best Man in his wedding. Jerry went to college and then into the Navy. Thankfully, we’ve been able to stay connected.  Secondly, family is very important to both of us. We each have 2 sons and doing anything we can to help them develop into godly young men takes high priority in our lives.

Jerry wanted to impart some wisdom to his sons, to share some life lessons, biblical principles and spiritual truths he had gleaned to help them in life. He began to write letters and as he did, he realized those letters weren’t just for his sons but for himself as well. God began to speak to Jerry and to show him truths in the Scripture that he hadn’t seen before.

He then realized that not only could he and his sons benefit from the letters but others could as well. 52 Letters To My Sons, A Weekly Devotional, is the result. Here is an excerpt from the Introduction:

I’ve enjoyed every season of our lives together, the good and the not so good – and it just keeps getting better! Of all the jobs I’ve ever had, I have to say that my job as husband and dad is the one I love the most. And although I know if I do my ‘dad’ job correctly I’ll work myself out of a job, that truth makes my resolve even stronger to be the best dad I can be.

In fact, as our sons are growing older, I’ve found that I’ve already started working on my “exit strategy.” I’ve started transitioning my role from that of ol’ dad – the disciplinarian, the “Ogre,” the “Killjoy” – to one of counselor and mentor, and, hopefully, eventually, if all goes right, friend. It is for this reason that I decided to write the following letters to my sons, to provide them with some of the insights and wisdom that others, along with the Word of God, have provided me over the years.

 

This book has been very encouraging to me. I hope you will take the time to grab a copy, sit down with a cup of coffee and enjoy!

Here is a link to purchase: https://www.amazon.com/s/ref=nb_sb_ss_c_2_11?url=search-alias%3Dstripbooks&field-keywords=52+letters+to+my+sons&sprefix=52+letters+%2Caps%2C148&crid=NSGBQZRJFJP2&rh=n%3A283155%2Ck%3A52+letters+to+my+sons

Camping As A Way Of Life

We grew up camping. I remember summer evenings, holidays, church retreats, and youth group gatherings on my family’s property out in East Texas. We would shoot fireworks on the 4th of July, play paintball with the youth group, cook over the open stove and play hide and seek in the graveyard. We would have family reunions under a giant oak tree, being sure to avoid the open-air well that may or may not still be functioning. That property is where I learned to drive a car, where I first drove a stick shift, and where I learned to drive a motorcycle. Our dog is buried there. So many important memories in my life stem from my connection to that piece of land.

But it’s not just my life. I’ve heard stories of cousins, uncles, aunts, my parents, my grandparents, and their families and extended families with incredible memories of a farm in Enloe, Texas. While some of my family members actually have lived, and still do, in Enloe, I’ve learned over the years how important it is to still be connected to land somewhere. While I don’t personally own land, I cannot forget the feeling of what it’s like to sleep under the stars, to eat over a fire, and to sit around late at night, hearing crickets and frogs, telling stories as the crisp night air sets. You can’t forget roasting marshmallows, coffee in a percolator, and the wet mist of the grass.

To me, this lifestyle is vital to my health. I’m a city-dweller. A suburbanite. It’s hard for me to understand what it’s like to grow food, to till the land, and to be subject to nature. We spend much of our lives actively trying not to connect to the land—we buy from grocery stores and probably haven’t seen what many produce items actually look like in the ground, we cook with an electric burner, we have air-conditioning that keeps us from smelling and feeling the wind’s breeze.

It’s interesting—every time I “go camping,” I feel revitalized. While I’ll probably never live on a farm, I hope I can at least stay connected to the earth.

AJ

More than Just a Financial Plan – Living like a minimalist

This could be described as way of life or life style that can impact most facets of our lives including our financial plan. My bend is financial services and life insurance planning, so I think in terms of budgets, saving and investing as it relates to frugal living. Minimalism is a life style choice that encourages the elimination of excess in one’s life.

This article is more than a financial thought process as it speaks to “being more with less”. Then, “living  with  intention” and finally, “achieving freedom from consumption”.  I can see where several of  these bend toward saving money. That’s a good thing!

Check out the full article but here is a snippet:

Write down your goals: You have to start somewhere.  Do you have a financial plan?

De-clutter all of your belongings: Always a great feeling when completed.

Donate duplicates: Yes, purge and help someone else.

Own versatile clothing:  It simplifies life.

Become more Eco –Friendly:  Personally, I need reminders and need to get better.

Repeat meals: Mine is oatmeal and dry wheat toast with honey. For variety, add blueberries and pecans in the oatmeal!

Eliminate toxic relationships: Liberating, freedom and peace come to mind.

Pack and travel lightly: If you can get it going, it makes life so much easier.

Remember that experiences are greater than things: There’s always room for improvement here. So True!

Don’t be too hard on yourself: Let it go. Reminds me of “Let Go and Let God”.

For the full article, click here:

https://www.msn.com/en-us/lifestyle/smart-living/10-ways-to-start-living-like-a-minimalist/ss-BBzQKsc#image=1

Benefits of Universal Life Insurance

Universal Life was originally designed for flexibility and to compete with the “Buy Term and Invest the Difference” concept.  Southwestern Life in Dallas, Texas, had fancy marketing pieces that illustrated how a policyholder could utilize the flexible design of these plans. Nice graphs would show how a young family man or woman could buy a large policy in their 20’s and could raise or lower the death benefit as needs changed, raise and lower the premiums as the budget may dictate, as well as extract cash for times of need.

The early Universal Life plans ideally could be the one policy that could effectively meet the needs of the consumer from beginning to end. Now Universal Life, particularly Indexed Universal Life, policies are geared toward cash value accumulation. One component that the new policies have that older Universal Life policies did not have are the secondary guarantees.

 Personally, I like the Guaranteed UL plans regardless of your objective. If you are wanting to build cash values, many of the Indexed Universal Life plans have Guaranteed No-Lapse provisions built into the plans.

If you are simply wanting to have a Guaranteed Permanent Life Insurance policy at the lowest cost possible, an ordinary Guaranteed Universal Life plan is the best life insurance plan for you. The Guaranteed UL plans provide a Guaranteed Premium and Guaranteed Death Benefit to Age 100 and beyond.

Talk with an Agent or Advisor about how Universal Life Insurance can meet the life insurance needs for your family.