Perkins Financial Ltd. is a full service financial planning firm.
Retirement and Investment Planning
The proliferation of retirement and investment planning options can leave many investors confused about what choices will make the most sense for them. Perkins Financial, Ltd., brings the objectivity necessary to focus on the important questions of risk sensitivity and asset allocation for your retirement and personal investment planning. Our investment philosophy is based on Modern Portfolio Theory*, which employs a buy and hold strategy with systematic re balancing of the portfolio. As a consequence, assets are diversified in unrelated asset classes consisting of equities, bonds and alternative equities. We believe this diversification is essential for the stable growth of our client’s assets.
Long-Term Care Thirty five percent of individuals over age 65 and fifty percent of individuals over the age 75 will need some type of extended medical care in their lifetime. Consequently most Disability Income policies end at age 65. A qualified Long-Term Care policy can protect against the high costs of assisted living and nursing care. With medical care costs rising every year, every couple should take this into consideration in their financial plan. A Long-Term Care policy gives one the ability to choose what type of care you want as well as protecting retirement assets
Key Employee Coverage Closely held corporations often rely heavily on the creativity and expertise of a few key employees of their success. The untimely death or disability of any one of these valued people, whether they are owners or hard-to-replace employees, may severely impact the future viability of the business. Perkins Financial, Ltd., can secure a Key-Employee insurance policy to create the liquidity needed to see the business through the difficult transition period resulting from the loss of a key employee, providing the funds needed to replace a key employee.
Income Continuation Planning
The main causes of bankruptcy in the United States today are loss of income due to disability, and inability to pay medical bills. You have made a significant investment in your business career. You have worked hard acquiring an education and building a reputation but an unexpected and prolonged disability resulting from injury or illness could severely threaten your financial stability. Protecting your investment in yourself, your career, and your business should be an integral part of your financial planning. We can provide Disability Income policies to help cover the cost in the event of an employee’s disability.
Estate Planning
The current estate and gift tax law expires in 2010 and will revert to the prior structure if, Congress does not take action. If that is the case you could see as much as 50% of your Estate consumed by the Estate Tax. Moreover, most Estates do not have the liquid assets to pay the taxes when they come due, possibly resulting in the forced sale of property and a reduction of assets transferred to their heirs. Perkins Financial, Ltd can help you reduce your tax burden, increase your liquidity and pass on more of your Estate to your designated heirs through the use of tax-free death benefits provide by life insurance.
Whatever Congress decides to do will be a factor in your decisions, but now is the time to do your planning irrespective of changes in the law. In that way you will know that your heirs will have adequate and lasting assets.