Harvey Garza

What You Need to Know About Medicare

Medicare is Means Tested, So Managing Income is Important Medicare is a large government entitlement program offered to retirees and other people with special circumstances. It provides medical insurance coverage, and is an entitlement that is paid for over the course of your working years. Medicare eligible people also have the option to expand Medicare coverage through the purchase of prescription coverage, as well as Medicare Advantage and Medicare Supplement plans. Medicare is a government entitlement program that was enacted in 1965 under President Lyndon Johnson to provide medical insurance to people age 65 and older. Today, Medicare makes...

Read More

The Evolution of Cash Value Life Insurance

The Many Ways to Leverage Life Insurance Cash value life insurance has come a long way from when your grandfather purchased it. There are so many things that you can use it for nowadays, and people are realizing this more and more every day. Businesses are leveraging it to cover key employees, families are using it to grow their estates, and the flexibility that is now offered really makes this a golden era for cash value life insurance. Life insurance has a very simplistic reputation. You purchase a life insurance policy so that in the event that you die,...

Read More

The Value of a Fixed Indexed Annuity

Market Participation and Downside Protection Indexed annuities can be powerful investment vehicles because of their ability to grow on a tax deferred basis, as well as the potential guarantee of a lifetime income stream regardless of how long you live. Annuities are also creditor protected, which is a huge plus for some. Also, since it is indexed, your principal and your gains are guaranteed, even in a down market. One thing that is often overlooked with regards to retirement accounts as people get closer to their retirement age is the inherent volatility of the markets themselves. Consider the housing...

Read More

The Basics of Social Security

How Does Social Security Fit into Your Retirement Plan and How Do I Leverage My Working Years to Maximize My Payments? The life expectancy in the US continues to rise, where it now stands at 78 years old. As our life expectancy continues to increase, there is an increasing need to extend retirement income for as long as we can. Part of that may include working longer, taking your Social Security benefits later, or possibly taking the benefits at your normal retirement age, continuing to work, and placing those Social Security payments in investments, such as an annuity, where...

Read More