It Can Happen to You

ArmandoPazJr Blog

Life can change in an instant, and that life-changing moment may be as simple as sending a text message. That’s what happened to Travis Guthman. Travis and his wife, Wendy, moved back to where he had grown up when they had the opportunity to buy his grandparents’ farmhouse. They felt it was an ideal place to raise their six kids. …

Life Insurance for … Life

ArmandoPazJr Blog

Most people think life insurance is there to protect families financially when someone dies. And while that’s true, the “living benefits” of life insurance can also help families beforehand. This has been true for Kelley and Doak Snead. They are a match made in country music heaven— Nashville, where they met working in the industry and then bonded over their …

How should I manage my retirement plan?

ArmandoPazJr Blog

Employer-sponsored retirement plans are more valuable than ever. The money in them accumulates tax deferred until it is withdrawn, typically in retirement. Distributions from a tax-deferred retirement plan such as a 401(k) are taxed as ordinary income and may be subject to a 10% federal income tax penalty if withdrawn prior to age 59½. And contributions to a 401(k) plan …

Disability Insurance: Things to Consider

ArmandoPazJr Blog

Amount of coverage While there’s no substitute for a thorough needs analysis conducted by an insurance professional, you’ll find that most policies cover between 50% and 70% of your income. When thinking about how much coverage you need, consider both short-term and long-term expenses, as well as any other sources of disability income, such as investment income or group disability …

Getting Your Affairs in Order

ArmandoPazJr Blog

End-of-life planning sounds like something you do towards the end of your life. But the reality is, no one knows what tomorrow will bring. If the worst were to happen, you wouldn’t want your family to be burdened with financial, legal and logistical problems. These 10 steps will help you get your affairs in order. Have a will and update …