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THE WEIRS TIMES, Thursday, February 25, 2010
Your Money Your Money
TIPS & TRICKS FROM FINANCIAL EXPERTS TIPS & TRICKS FROM FINANCIAL EXPERTS
SETTLE IRS TAXES
Retirees Turn To
A Surprising Source
For a fraction of what you owe
Of Cash In A Crunch
IfÊyouÊqualifyÊweÊcan:
� Stop wage garnishments
A rising number of American for the buck,” says Jack Leon,
households - nearly 45 per- 79, a lawyer in San Antonio,
� Remove bank levies, tax levies,
cent - are “at risk” of not having who purchased coverage from
property seizures
enough money in retirement, Massachusetts Mutual Life In-
� Settle state and business payroll tax
according the Center for Re- surance Co. (MassMutual). “I’ve
problems
tirement Research at Boston always known the cash value
College. But some retirees have of my whole life policy would
� Eliminate penalties, interest charges
discovered a surprising source grow, in good times and in bad.
and tax liens
of supplemental retirement in- And I’ve always known the cash
come: the cash value of their is there if I need it in an emer-
GETÊTHEÊBESTÊPOSSIBLEÊSETTLEMENTÊ
whole life insurance policies. gency.”
WITHINÊIRSÊGUIDELINES
Many retirees will use the cash Dave Janca, 48, a software
value of their whole life insur- company owner from Orchard
ance policies as a supplemen- Park, N.Y. agrees. “It’s nice to
tal income stream to see them know you can get to the cash as
through tough times. The cash you grow older,” he says. “Your
value of whole life is guaranteed investments may fluctuate with
IfÊyouÊoweÊoverÊ$15,000ÊinÊ
to grow every year, unlike stocks the markets. But the value of
backÊtaxesÊCALLÊNOW
and mutual funds which can whole life is predictable - it
FREEÊCONSULTATION
have good and bad years. Mutu- grows, and it’s there if you need
al life insurance companies also it. To me, it’s not just insurance,
• No Obligation • Confidential
have an excellent track record it’s another planning vehicle.”
of paying annual dividends that Most people buy life insurance
beef up the policy’s cash value. for the policy’s death benefit.
1-877-504-6158
“My whole life insurance policy But financial professionals say
has always been the best value whole life insurance can also
supplement retirement plan-
ning because it’s flexible and
helps policyholders address
their ever-changing needs and
circumstances.
“A policy’s cash value can
be used for planned long-term
needs, like helping a grand-
child with college tuition or for
Now You Can Find Freedom From Debt!
medical and elder care. Used
responsibly, it also can be used
to help ride out the unexpected”
says Tara Reynolds, MassMu-
tual vice president. “We’ve seen
people tap their whole life poli-
consolidating your debt into one lower payment, our programs can do the following:
cies in emergencies, like home
mortgage payments, getting a
loan when banks say no, or
Lower monthly payments Rebuild your credit rating
quickly generating cash flow in
a small business situation.”
Reduce or eliminate interest rates Guarantees are one of the
many great aspects of whole life
insurance. The death benefit is
guaranteed; the premiums are
guaranteed, and growth of the
Call 1-877-517-0538
cash value is guaranteed. It’s
a piece of your financial plan
t h a t
See RetiRees on 23
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