EPISODE #038

DISABILITY INSURANCE: YOU ARE YOUR MOST IMPORTANT ASSET

PERSONAL FINANCE TIPS DELIVERED DIRECTLY IN YOUR INBOX

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5 WAYS YOUR WEALTH IS UNDER ATTACK

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Disability Insurance

In this episode, John continues his series on the Wealth Curve Blueprint. This time he reviews disability insurance, which is vital for everyone to have.

John is the author of 5 Ways Your Wealth is Under Attack and It’s Your Wealth – Keep It.” He has lectured extensively on financial planning and is a recipient of the Five StarSM Wealth Manager Award.

John’s strength is his ability and commitment to improve the level and quality of the financial planning process.

His dedication to his clients’ growth involves an evolving strategy. His focus is to meet the demands, desires, and needs of his clients in a changing economic environment.

Here are John’s key takeaways:

  • Disability insurance protects the most important asset in your entire financial plan. It protects your ability to earn income.
  • Most people believe that disability is not going to happen to them, but…
  • One in four 22 year olds will become disabled prior to retirement.
  • Also, many early retirements are a result of disability.
  • Short-term and long-term disability claims are driven by such common things as pregnancy; musculoskeletal conditions; fractures, strains and sprains; hernias & gastritis; depression & anxiety; and tumors—including cancerous ones.

And more:

  • It’s important to get the maximum amount of coverage now. If you are disabled, the trajectory of your life and your family’s life can change drastically. You may need care, and you may need to rethink such things as your kids’ college education and your retirement.
  • If you optimize your financial plan, you can increase your tax savings and decrease some of your inefficiencies. You can then redirect that money to a disability plan.
  • Further, you also may be able to obtain disability coverage through your employer, but check the rates and the terms.
  • Lastly, you may not always need it: once your assets reach a certain level, you may be able to discontinue your disability coverage.

For more, listen above.

If you are new to Smallwood Wealth schedule a Wealth Curve Conversation here.

Or call us at 732-542-1565 and schedule a time. We can create a Disability Simulation Report for you with very minimal information. Also create your Wealth Curve Blueprint and Scorecard. These are all important ways to continually review and update your financial plan, and keep it optimized.

Looking forward to hearing from you.

* This award should be subjectively bestowed, and the process of its receipt readily explained by objective data.
Investment Advisory Services provided by Smallwood Wealth Investment Management, LLC, an SEC registered investment advisor. Headquartered at 199 Broad Street, Red Bank NJ 07701-2056. Securities offered through Purshe Kaplan Sterling Investments, Member FINRA/SIPC Headquartered at 80 State Street, Albany, NY 12207. Purshe Kaplan Sterling Investments and Smallwood Wealth Investment Management, LLC are not affiliated companies.

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