Purple Solutions Insurance Group

It’s National Insurance Awareness Day.

Everyone knows insurance can protect your family from financial devastation in the sad event of a family member passing away, and payouts are usually tax-free. But did you know that today’s life insurance policies can also offer living benefits, like tax-advantaged retirement income, or funds if you develop the need for long-term care? If you have a permanent policy, you might want to have it professionally reviewed to see if an exchange or replacement might offer you better terms.

Call us to discuss insurance!

Anyone can get into trouble with debt. When it comes to paying it off, the best strategy for you depends on your financial situation: https://cnet.co/3K9QJ4Y

The important thing is finding the solution that fits your current budget and helps you knock out your debt fast without hurting your current and future financial goals.

It’s the first day of summer!

What are your plans? 🍉☀️✈️🌴🏖️

Around 40% of people think they don’t have enough assets for a will or estate plan, which is a misconception!

Not having the proper estate planning documents in place can put your loved ones in a difficult situation, because probate courts will determine who gets what in a process that can be lengthy, costly, and stressful for family members and loved ones: https://cnb.cx/3yC2kXS

Let’s talk.

Annuity sales are surging! In the first quarter of 2024, U.S. annuity sales were $106.7 billion, the highest first quarter total since the 1980s! Do you know what they are? Read our article to learn more about annuities: https://bit.ly/3KOvF48

HAPPY FATHER’S DAY to all the wonderful DADs out there!!!! 👔

What millennials and Gen Z worry about is a LOT.

One of the ways we can help is to work with your whole family to create a multigenerational wealth plan. Let’s talk.

Gen Z, millennials concerned about their finances leading to homelessness, new study shows The Acorns survey found that Gen Z and millennials are worried that their financial situation could lead to homelessness.

Is there a “magic number” for retirement? Is it $1 million? $1.5 million? The fact is that everyone’s situation is completely unique, and the amount you will need is reliant on your retirement goals, lifestyle needs, tax situation, and your ability to generate reliable income streams.

Let’s discuss YOUR retirement plan well BEFORE you plan to retire! Call us.

Many Americans have no idea how much they need to save for retirement — and the calculus is getting even more complicated Knowing how much to save for retirement is already a gamble. Inflation and the uncertainty of Social Security are making it even harder to calculate.

61% of older Americans would rather preserve their nest egg than grow their net worth.

How do you feel about asset protection? Let’s talk about your comfort level with risk—call us!

‘A great deal of uncertainty’: 61% of older Americans would rather preserve their nest egg than grow their net worth — could you be playing it too safe? Safe doesn't always translate into security.

June Is Annuity Awareness Month!

Reliable, recurring income during retirement becomes imperative once you’re no longer receiving a paycheck. In the past, monthly income was provided by employee pensions. Now, in many cases, retirees must figure out how they will file for Social Security as well as how they will withdraw money from their 401(k) in order to generate adequate retirement income without running out of money someday. Annuities can help some people by providing a regular income stream with a guarantee backed by the financial strength of an insurance company—either for a defined period of time, or for life.

Let’s discuss YOUR plan for retirement income now. Call us!

For the first time in a decade, average credit scores have decreased slightly to 717, according to data released by FICO. (In 2023, average scores sat at 718.) This is mostly due to missed credit card payments.

Since October, more than 18% of Americans have had past-due payments on one or more credit accounts. Compared to April 2023, this is up by 4%, FICO reported. Read more: https://fxn.ws/44hJfWY

Let’s talk about your financial plan!

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