The idea of Paying Extra for anything these days - feels unbearable - next to $8 Eggs, $5 Gallon Gas and Subscriptions for Everything. Why should I also pay for coverage/life insurance? I'm not even married with Kids yet. (...just an example). Here's the 5 Benefits of Using your Policy as a Saving Fund and How it Works.... 1. Whole Life Insurance: Cash Value Accumulation How it works : Whole life insurance provides coverage for life and includes a cash value component that grows over time. A portion of your premiums goes toward the insurance coverage, and another portion is invested in the cash value. Benefit : The cash value grows tax-deferred and can be borrowed against or withdrawn (subject to certain rules) to supplement savings or fund future expenses. 2. Universal Life Insurance: Flexible Savings Growth How it works : Universal life insurance allows for flexible premiums and death benefits, while accumulating cash value based on interest rates set by the insurer. Benefit
The sound of the "IRS" - can make anyone, stand up straight...close their ears/eyes....or run for the Hills. When it comes to managing our time and money wisely we must be willing to learn, understand and align ourselves with the systems set in place. And that includes communicating with the IRS. Don't be shy, there are real humans behind the operations - so reach out! Getting notices, letters and updates from the IRS? Here's how you should talk to them: OLD SCHOOL - Written Letter, Dated and Hand -Signed is preferred or Give them a Call on the Phone with your EIN/SSN. DROP THE DEETS - the more Details you provide, the Better; they aren't interested in social media handles they want to see records, official documents and statements. Take Your Time and Gather Information. (See Format Below) FORMS - speak their language - each response or request you can think of has an official IRS form. Make it easy on yourself by filling this out. It'll save you time be