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March 30th, 2012 by

The Million Dollar Round Table - Court Of The Table MemberFreeman Owen Jr., host of Safe Money Talk on CBS Radio and founder and CEO of Financial Sources, Inc. celebrated his fifth year as a member of the Million Dollar Round Table(MDRT) and one of its most prestigious incentive program, Court of the Table. As a Member of the Premier Association of Financial Professionals, Freeman Owen Jr. continues to improve the lives and retirement finances of millions of individuals around America, both through direct consultation and through the reach of his radio show, Safe Money Talk.

The Million Dollar Round Table (MDRT), the Premier Association of Financial Professionals, was established in 1927 with the mission of bringing together the leading financial professionals from around the world and to establish a forum in which these professionals may learn from one another to provide exemplary service to their clients while maintaining the “highest standards of ethics, knowledge, service and productivity.” Since the organization’s inception, the MDRT has grown to a membership of nearly 36,000 of the world’s leading life insurance and financial professionals in nearly 80 countries around the world.

Freeman Owen Jr. has dedicated his life to giving his clients and listeners knowledge that empowers them to plan for a safe, comfortable retirement. His acceptance as a member of the MDRT bears testament to the fact that Freeman Owen Jr. is one of the top retirement planning professionals in the world. The MDRT incentive programs, Top of the Table and Court of the Table, is an honor reserved for financial professionals that have demonstrated exceptional productivity and sales ability.

Listen to Freeman’s Radio Show “Safe Money Talk”, via online streaming or in the car, every Friday from 9-10am EST on The Big Talker 1580AM as he discusses topics like:

  • Lowering the tax burden of retired seniors
  • Avoiding irreversible and costly financial mistakes
  • Preventing the IRS from taking most of your money from your retirement nest egg
March 28th, 2012 by

Medicare is a federal health insurance program for elderly persons and certain disabled individuals. In 1965, Medicare was enacted to provide a safety net of health care coverage for qualifying individuals. Now, remember, it’s packaged into two major parts.

Part A is hospital insurance protection. It covers hospitalization, some hospice care, and a minimal amount of post-hospital care.
Part B is medical insurance. It helps cover physician services, outpatient care, physical therapy, diagnostic tests, and a variety of other services.

At first glance, it looks like Uncle Sam has everything covered. In reality, there are quite a few gaps that could cost you dearly if you aren’t aware of them. The biggest thing you have to be aware of is the fact that you have to pay a certain amount of your hospitalization cost unless your visits are separated by fewer than sixty days. If that’s the case, you pay the deductible only on the first visit. If you are admitted and stay in the hospital longer than sixty days, you’ll be required to pay a co payment every day from day 61 through 90. You’ll also have a lifetime reserve of sixty days that can be used in conjunction with more than one extended stay.

If you want your retirement years to be worry-free and you want to feel secure in the amount of coverage you have for your healthcare, I’d highly recommend supplemental health insurance.

Call Freeman Owen Jr For Retirment Saving AdviceI’d recommend having an holistic review of your retirement portfolio with a financial planner that specializes in retirement planning. Plan now to have a lifetime stream of income that you can never out live. Contact me at 833-313-7233 for a free consultation so we can keep your money SAFE!

March 23rd, 2012 by

Protecting Your Retirement Nest EggSocial security is falling faster than we first thought. In last year’s trustees report, the social security administration warned that the program’s trust fund would likely run out by the year 2036. Now, if that weren’t bad enough for anyone expecting to be alive then, a more recent projection from congressional budget office paints a much worse picture. By the end of this year, the social security trust fund is expected to be 800 billion dollars smaller than last years projections. That’s a significant drop. Just a few years ago, the social security administration put the “run dry” date in the year 2042. As each year passes, the social security “run dry” date is getting closer and closer.

Now, what all this comes down to is this: if you are planning to retire soon and rely heavily on social security benefits, this is bad news. I’ve said it before. You can’t necessarily depend on social security if you want to retire comfortably. That’s why it’s important to choose retirement vehicles that will carry you through even after the bottom falls out of social security. The message is crystal clear. Save money for your own retirement or face a scary, unstable financial future.

You might look at the anticipated “run dry” date and say you have plenty of time to prepare your finances for that shortfall. What you have to realize is that the date is getting closer and closer. If you don’t start today, you may not have time tomorrow.

Empower Your Future
Learn more about protecting your nest egg for your retirement years at my free seminar “Avoid Cracking Your Nest Egg on April 10, 2012 or April 12, 2012 at Blue Dolphin Seafood Bar & Grill in Maryland. This is an exclusive seminar with powerful knowledge to help you with your financial portfolio.

You must call ahead to reserve your seat. Tel : 1-800-536-1327


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March 15th, 2012 by

Roth IRA vs other types of IRABetween 2000 and 2009, there was a 6.2% spike in households that owned Roth IRAs every year on average – the biggest spike of any types of IRAs. That makes you wonder: what’s so great about a Roth? What makes the Roth a good choice? Two things distinguish the Roth IRA from other types of IRAs. First, the income you draw from a Roth is tax-free. This is money that you already paid income tax on while you were working. Another thing, though, is that it is exempt from required minimum distribution rules. The best way to fund a Roth is simply to convert a traditional IRA or employer sponsored retirement account into a Roth.

Now, a Roth IRA conversion, as the above transaction is called, is complicated in practice and if you make mistakes, you can lose some of your key tax advantages to owning a Roth. When you convert tax deferred retirement funds into a Roth, you must report the transferred funds as income for the year in which the conversion takes place and you have to pay the taxes owed. It’s generally not a good idea to pay for these taxes out of your retirement funds unless you over the age of 55.

Another mistake is to neglect re-characterization of the account if the account was not as valuable after conversion. If the value dropped after you converted to a Roth, you can reverse course by using a process called re-characterization. This enables you to amend the tax return and obtain a refund on the taxes paid on the conversion.

Key Tip: Do not file at the five year rule. What’s great about this strategy is that you can then reconvert later in a lower tax bracket. You’ll have to wait at least thirty days after you filed the re-characterization, preferably after October so that it will be applied to the following tax year.

Let’s discuss where you are financially and how I can help you “avoid cracking your nest egg”. Contact me at 1-833-313-7233 for a no-obligation, free consultation.