After your death, life insurance provides your beneficiaries with financial security. Or does it?
In this episode, Michael Labos shares why the government’s lack of love for life insurance makes him love using it in financial planning. He dives into how governments view life insurance, how to avoid its pitfalls and create a plan for you and your beneficiaries.
Michael discusses:
Two main benefits of life insurance
How governments restrict the returns granted by life insurance policies
Where life insurance fits within retirement planning
How to optimize life insurance and retirement planning to provide the death benefit to your heirs
Many people want to put off budgeting, complaining about how boring or depressing it is.
What many don’t consider are the gains granted from understanding your spending habits.
In this episode, Michael Labos discusses the importance of creating a budget, understanding your financial goals and avoiding lifestyle drift. He reveals the wasted financial opportunities through unnecessary spending and unused subscriptions, diving into control and monetary gains from creating a budget.
Michael discusses:
The importance of understanding what you will be spending in retirement
The different types of budgets
How taking control of the budget saves money
Why budgeting is important for financial and retirement planning
Open enrollment can provide great options at a low cost for employees at large companies.
But, how can smaller companies and those who are self-employed also gain a deduction?
In the second part of this open enrollment miniseries, Michael Labos explains the importance of taking the time to focus on all things open enrollment, 401k planning, and health insurance. Michael also reveals how he pays for health insurance as a self-employed business owner and the importance of everyone looking into options with their employers.
Michael discusses:
The different types of 401k and retirement plans employees can have access to
How family leave differentiates between large and small companies
The benefits of working from home
How self-employed businesses deduct from their health insurance
There are over 65 million Gen Xers. Yet, few financial advisors focus on this group.
Are you a Gen Xer — looking for a financial advisor to help you out?
If yes, Michael Labos, CFP®, CCFS® from Gen X Wealth Partners, is here for all your planning needs!
Welcome to The Gen X Money Advisor. In this inaugural episode, Michael shares everything you must know about him. From the reason he focuses on Gen Xers to his hatred of insects, Michael provides you with the rundown you need to get to know him while revealing the easy ways he can help you establish a Gen X-focused financial plan.
Michael discusses:
Midlife planning opportunities: Reasons why he focuses on Gen Xers
How have his designations allowed him to be an expert in the Gen X financial planning arena
Helping clients take control of their finances as his core business philosophy
The importance of educating clients in terms of proper planning and its role within growth and success
Michael is the principal at Gen X Wealth Partners and has more than 15 years of experience in the financial service industry. He understands that investing is more than just focusing on risks and return – it’s about your values, goals, beliefs, and a voice wanting to be heard.
As a CERTIFIED FINANCIAL PLANNER™ (CFP®) professional, Michael helps analyze every aspect of his clients’ financial lives. Including assets, liabilities, and cash flow budgeting, current insurance coverages, and investments.
