Disability Insurance Analysis

Disability Insurance
Supplemental disability insurance provides benefits to you if you are totally disabled and unable to work. Combined Insurance’s Income Protector offerings provide financial help, in the form of a set monthly benefit, to your family if you become sick or are injured and are unable to work.

Your ability to earn an income may be your most valuable asset during your working years.It is important to remember that changes in your financial circumstances may lead to a change in your disability insurance strategy. We suggest that you review this strategy regularly with your advisor.

1. Total Monthly Expenses
2. Existing disability protection (after-tax)
3. Current monthly earned income (before tax, after expenses)
4. Total Monthly Expenses
5. Total existing coverage
6. Total new amount required

Education Plans

529 plan history
A 529 Plan is an education savings plan operated by a state or educational institution designed to help families set aside funds for future college costs. It is named after Section 529 of the Internal Revenue Code which created these types of savings plans in 1996. State plans are OK for out of state colleges
529 Plans can be used to meet costs of qualified colleges nationwide. In most plans, your choice of school is not affected by the state your 529 savings plan is from. You can be a CA resident, invest in a VT plan and send your student to college in NC. Check to see if your institution is eligible under 529 rules...here.
Which states offer 529 plans?
Every state now has at least one 529 plan available. It’s up to each state to decide whether it will offer a 529 plan (possibly more than one) and what it will look like, meaning 529 plans can differ from state to state. You should research the features and benefits of your plan before you invest,, research state 529 plans...here and even compare between plans.. .here.
Tax Benefits
As long as the plan satisfies a few basic requirements, the federal tax law provides special tax benefits to you, the plan participant. See the top 7 benefits of 529 plans...here
Some states (but not all) offer tax incentives to investors as well. Research your state’s tax treatment... here
Types of 529 plans
529 plans are usually categorized as either prepaid or savings plans. Savings Plans work much like a 401K or IRA by investing your contributions in mutual funds or similar investments. The plan will offer you several investment options from which to choose. Your account will go up or down in value based on the performance of the particular option you select.
Prepaid Plans let you pre-pay all or part of the costs of an in-state public college education. They may also be converted for use at private and out-of-state colleges. The Independent 529 Plan is a separate prepaid plan for private colleges.
Educational institutions can offer a 529 prepaid plan but not a 529 savings plan (the private-college Independent 529 Plan is the only institution-sponsored 529 plan thus far).

Brokerage Accounts

There are three kinds of brokerage accounts. The most basic kind is a cash-management account, into whichinvestors place money in order to make trades. There must be enough money in the account to cover the trade at the time of its execution including both the price of the security and the commission usually $5 to $7 a tradenegotiated by Prescott, Adams and Group Inc.). Some brokerage firms accept credit cards to fund cashaccounts, but the most require cash or a personal check. Such an account is often a good substitute for a bank account.

There are three kinds of brokerage accounts. The most basic kind is a cash-management account, into whichinvestors place money in order to make trades. There must be enough money in the account to cover the trade at the time of its execution including both the price of the security and the commission usually $5 to $7 a tradenegotiated by Prescott, Adams and Group Inc.). Some brokerage firms accept credit cards to fund cashaccounts, but the most require cash or a personal check. Such an account is often a good substitute for a bank account.

For example, an option trader can make a bet that in 6 months time a stock will be trading either above a certain price or below a lower price - an each way bet if you will. If the stock trades between these two prices in 6 months, the trader will lose a predetermined amount. Option contracts also provide traders with an enormous amount of leverage. In the US, I option contract represents 100 underlying shares. In other countries, such as Australia, option contracts can be in multiplies of 1,000 times the underlying stock or commodity. So, with a relatively small amount of money an option trader can control a very large underlying stock position. Because of this, option trading can also be a very risky venture for the inexperienced. Of course, option trading can make you very large returns in small amount of time, but trading options can also lose you the same amount if you are not careful.

Mutual Funds

Prescott, Adams and Group Inc.provides clients with quality objective advice while helping you choose or choosing for you from over 10,000 mutual funds from these mutual fund families listed below: