Disability Insurance Saves a Family—Twice

ArmandoPazJr Blog

Valerie King was not a believer. When she transitioned from her medical residency to practicing as an emergency room physician, she didn’t think she needed disability insurance. “I could never envision a life without working,” she says. Her insurance professional convinced the young doctor otherwise. It was wise advice. Although Valerie never thought she would need it, a condition called …

Time Can Be a Strong Ally in Saving for Retirement

ArmandoPazJr Blog

Father Time doesn’t always have a good reputation, particularly when it comes to birthdays. But when it comes to saving for retirement, time might be one of your strongest allies. Why? When time teams up with the growth potential of compounding, the results can be powerful. Time and money can work together The premise behind compounding is fairly simple. Your …

Medical Professionals: A Prescription for Your Financial Health

ArmandoPazJr Blog

The demands on medical practitioners today can seem overwhelming. It’s no secret that health-care delivery is changing, and those changes are reflected in the financial issues that health-care professionals face every day. You must continually educate yourself about new research in your chosen specialty, stay current on the latest technology that is transforming health care, and pay attention to business …

Take Care of Your Most Important Asset—Your Employees Health Insurance

ArmandoPazJr Blog

The one thing almost every employee wants and needs is health insurance. The most common plans are health maintenance organizations (HMOs), preferred provider organizations (PPOs), point of service (POS) and indemnity plans. Another option for businesses that want to provide employees with health insurance coverage is to offer them access to a health savings account (HSA), which is a tax-free …

How should I structure my retirement portfolio?

ArmandoPazJr Blog

Answer: Your first step is to take advantage of tax-favored retirement savings tools. If you have access to a 401(k) or other employer-sponsored plan at work, participate and take full advantage of the opportunity. Open an IRA account and contribute as much as you can. Ideally, you’d be able to invest in both an employer plan and an IRA. Contributions …