Top Legal and Financial Services in Corpus Christi, TX 78415
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C & C IRS Tax Group
By jamesandrew79 February 16, 2013
It's been a long time since I had filed my returns, and so I was worried when I got my first letter. I knew I needed to have my problems resolved. First notice was from IRS, the second was from the State of California. Their attorneys helped me out from the start. I am glad to declare that my tax debt is now resolved. ...read more
C & C IRS Tax Group
By jamesandrew79 February 16, 2013
It's been a long time since I had filed my returns, and so I was worried when I got my first letter. I knew I needed to have my problems resolved. First notice was from IRS, the second was from the State of California. Their attorneys helped me out from the start. I am glad to declare that my tax debt is now resolved. ...read more
Southern Pride Tax Attorneys
By wernerpiccirillo February 04, 2013
The Internal Revenue Service is a big animal. Knowing they are the largest collection agency in America didn’t frighten me. What frightened me was that I owed them money and I had no clue what they would do to be able to make me pay it. The last letter I received stated that I owed more than $36,000. I called them and once I signed the Power of Attorney, I need not worry anymore. They assisted me from the beginning and I’m now relaxed! God Bless America! ...read more
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Personal Injury Lawyer Corpus Christi TX
Law Offices of Sheadyn R Rogers, PC is your personal injury lawyer in Corpus Christi, Texas. If you have suffered serious injuries or lost a loved one due to the negligence of another party, call me immediately for a free consultation concerning your case. I founded the law firm in 2001 and I have practiced personal injury law in Texas for over 16 years. I have successfully represented hundreds of satisfied clients with respect to personal injury claims and recovered millions of dollars in fair compensation for my clients' injuries and damages. Even though the value of each clients' case is different depending on the facts of the case, I provide the same level of effort for every client. I personally work on each case and keep clients' informed as to the status of their case. You can trust me to provide efficient and honest legal representation and I will aggressively and ethically seek a fair settlement and recovery for you. We provide service to our customers in the area of Alice, Aransas Pass, Beeville, Corpus Christi, Kingsville, Mathis, Port Aransas, Portland, Refugio, Robstown, Sinton, Rockport, Nueces County, San Patricio County, Kleberg County, Kenedy County, Brooks County, Refugio County, Live Oak County, Bee County, Jim Wells County, Duval County, and Ingleside. ...read more
By Law Offices of Sheadyn R. Rogers, PC March 23, 2015
The Law Offices of Alex R. Hernandez, Jr. PLLC
The Law Offices of Alex R. Hernandez, Jr. PLLC The Law Offices of Alex R. Hernandez, Jr. PLLC 802 N Carancahua St. Suite 2100 Corpus Christi, TX 78401 Phone: (361) 235-4111 Website: http://www.alexhernandezlaw.com/ Keywords: Attorney ...read more
By Alex R. Hernandez Jr. PLLC November 06, 2014
The Great Debates - Is Cash Value Life Insurance a good investment?
There is always a raging debate between "insurance" guys and "stock" guys regarding cash value life insurance. "Stock" guys say it's a lousy investment because expenses, marketing costs, low returns and so on. Insurance guys say it's the best investment in the world because it's safe and stocks are too risky. Frankly, I'm tired of it because they both have upside and downsides. I recently saw a Dave Ramsey post lambasting insurance as a lousy investment. He quoted a <2% return then said you could buy term and invest the difference. He said his funds return 12%. Huh? I saw him in the heat of the market meltdown saying people (and I assume him) were down about 40%. Find me a fund that was up 12% during that period! Perhaps his article was written before several trillion dollars were sucked out of the market. In fact, the market as a whole has a negative average for the last 10 years. It proves the point, however, that our biases are eventually uncovered. Extensive research has shown that "over time, funds always revert to the mean" - around 7-8%. (Jack Bogle, former CEO of Vanguard) The "professional's" problem is, that we have "all good/all bad" thinking. We exaggerate the benefits of our products, and minimize the limitations. Then we exaggerate the limitations of the competitor product, and minimize their benefits. It may be human nature, but it is still misleading, so recognize it for what it is. (For example, Dave generalized on the high costs with permanent insurance but failed to mention the 12-1b fees, commission loads, fees, administration costs, etc. for the mutual funds; typically about 2-3% of the fund's return) Not so fair and balanced. He also failed to mention that while the market averaged 12% in the 1990s. the average investor snagged a whopping 2.9% during that same period (Dalbar and associates 2002). Maybe it's a good motivation to buy his program, but making sweeping generalizations about products and exaggerating the benefits is a bad practice on both sides of the question. So, is the stock market a bad investment if you can lose all your money, and the average return for the S&P; since inception is <8%? (CAGR) Not necessarily. It depends on what you can get elsewhere. If you invest in oil leases and it pays 200%, then the stock market was a "lousy investment." If you lost all your money in the high stakes venture, the market looks better. Realistically, a whole life insurance averages a 4-5% return (tax free). Is it a bad investment? It's kind of like a "bond fund" without the risk of loss. For some, the Whole Life policy could be an important capital preservation part of their total portfolio. It depends on the fact set and mind-set of the client. Not sexy, but stable, conservative, dependable ... (yawn). An Equity Indexed Universal Life policy might return about 8% tax free. If administration and mortality costs are less than 3%, you have a comparable expense to mutual funds. I know of one that credits 140% the S&P index up to 11%. It illustrate an attainable market average of 5.25%, and meets the cost threshold. But don't try to compare it with mutual funds and assume uninterrupted gains of 12% for 20 years. That's the game that is often played. It's too early to tell how this extended 10 year market downturn will affect these policies, but I think a case can be made that many people would be happy with an 8% tax free return as part of their portfolio vs 10% taxable return that has a lot of risk - especially with looming tax increases under an Obama administration. Besides, if the markets adversely affect these policies, it will damage the mutual funds returns as well. Finally, Dave ranted that life polices only average a little over 2%! Sadly, many do! Here's what you need to know: If a policy is to be a good cash builder, it must havethe LEAST amount of death benefit allowedby law Most permanent policies are sold for the benefit of the agent, (the highest death benefit the customer can afford, which means the highest commission for the agent) Either build cash (low death benefit) or buy a high death benefit (with term) The two goals cannot be accomplished in the same policy. Assumptions of the illustration are critical. If your insurance illustration shows 8% but the markets in the last 20 years have averaged less, your policy won't meet expectations. (I think this is the heart of why so many are disappointed with insurance as an investment. It doesn't live up to the hype of the illustration!) With proper structure, and reasonable illustrations and you are more likely have a policy that performs similar to illustrated values. An honest presentation yields happier clients in the long run. So who's right in the "great debate"? It depends on who you talk to and what you are trying to do. Cash value life insurance is a powerful wealth transfer tool, and is terrific for Captive Insurance Companies where stocks are just too risky. Is cash value insurance a good investment? Answer: In the right application with the right structure. If I want to invest, I look for the safest approach with the high yield return. Personally, I don't think the stock market, or most insurance policies meet that goal. I use a different asset class altogether where your base line expected gain is a simple 16.5% annually with no market risk. IRA rollovers are a low cost option to move to safety and increase returns. If you would like more information on how that's possible, email me at steve@innovativeplans.net or visit my website: http://www.innovativeplans.net Best Wishes, Stephen Isenhour Innovative Financial Strategies 4646 Corona Dr. Corpus Christi, TX 78411 361-779-9061 ...read more
By Innovative Financial Strategies August 28, 2009