Good Luck Golden Eagles!

Asher Custom Benefits, LLC would like to give a shout out and all of our support to the Oak Hill Men’s Basketball Team in their advancement to, and battle toward capturing the state championship. This is quite a feat. The entire community is quite proud of all of you!

Just like planning for your financial future, this as well didn’t just happen overnight. This took much hard work and determination. You had to start many years ago, with much planning and determination to get where you are today.

Regardless of the outcome of the game, you are champions. You have succeeded! Congratulations! Now, go get the title!

As always, feel free to contact us with any questions you may have and a free quote. We are here for you!

At Asher, we are all about building relationships. Come grow with us! Contact us today!

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Go Southwood!

Asher Custom Benefits, LLC would like to give a shout out and all of our support to the Southwood Men’s Basketball Team in their advancement to, and battle toward capturing the state championship. This is quite a feat. The entire community is quite proud of all of you!

Just like planning for your financial future, this as well didn’t just happen overnight. This took much hard work and determination. You had to start many years ago, with much planning and determination to get where you are today.

Regardless of the outcome of the game, you are champions. You have succeeded! Congratulations! Now, go get the title!

As always, feel free to contact us with any questions you may have and a free quote. We are here for you!

At Asher, we are all about building relationships. Come grow with us! Contact us today!

Asher Custom Benefits

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Playing on House Money

Debt. We all have it. Well, most of us that is. But, what is good debt and what is bad debt? is there anything as good debt? We all have heard that term “good debt”. After this article, maybe you will have a different view on the topic.

In the past, we have heard the term good debt to refer to things such as a mortgage, an auto payment, and student loans. These are the things that we need to move forward in life, but we cannot pay cash for them necessarily. Well, this is true, but can we?

I would agree to this in most cases. I know that my student loans I couldn’t pay for them upfront. Mortgages, most likely we cannot. Auto loans we cannot, as well. But, we often use this as an excuse to overspend on these items, and when we overspend, we extend out the payments to make the payments affordable.

What we need to be doing is learning to play on house money. Learn to live within our means. If we take out a loan on something, look to pay it off as fast as possible. Don’t let the banking industry make more money off of us than they should. That is interest that could be invested into your future, not theirs.

This “I can afford the payment” mentality is what makes a cell phone cost a week’s salary, a pickup truck, what used to be the cornerstone of commerce and industry in America, cost more than a year’s salary now, and cause all of these “bubbles” in our economy to happen all of the time.

We need to learn to live within our means and play on house money, our own money, not the banks. Believe me, your wallet with thank you in the long run!

As always, feel free to contact us with any questions you may have and a free quote. We are here for you!

At Asher, we are all about building relationships. Come grow with us! Contact us today!

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Forget the Traditional Retirement!

Many of us have heard of multiple retirement plans, and retirement planning tools, that are well, conventional. These include such things as the traditional annuities, 401(k), the money market accounts, CDs, stocks, bonds, mutual funds, and many others. All of these have their places; however, they all have their drawbacks, as well.

There is one much overlooked retirement tool, that is actually a life insurance plan, that is amazing that many people overlook. This is the Indexed Universal Life Plan, or IUL. After this article, I hope all of you will better understand the Ins and Outs of the IUL, and how it can better fit into your portfolio.

First of all, the IUL gains cash value tax-free, much like a Roth IRA. This means you invest into it with post-tax dollars, and withdraw from it without being taxed. The difference from this and any other investment tool, you can withdraw from it at any time, there are no age limits.

The benefit to paying into the IUL with post-tax dollars is that, most likely, you will be at a higher tax bracket in your retirement, with fewer deductions, than when you are younger.

As mentioned before, you can withdraw at any age, as long as you leave your money in the plan to meet the plan’s minimums. Most of these are 5 years without occurring any penalties. You don’t have to wait until retirement age to withdraw what is YOUR money. You also can withdraw it for any reason, and don’t have to put the money back in.

The beauty of these plans are, they are not just a retirement plan, they also have a guaranteed death benefit in the event of your passing. This gives your family a sense of security.

The only downside of these plans are that you can’t pump too much into these plans at once, or they will lose their tax advantage. You have to think of these much like a water balloon. You have to slowly fill them, so they do not burst on you, and  you have more to throw at your friends.

And as March Madness ramps up, it makes me think of college planning once again. These can also be used as great tools college planning tools for young children. Much like we spoke of in The BEST Way to Pay for Your Kid’s College blog, this is an excellent Life Insurance plan to use for that purpose. You could have a Million Dollar Baby, only they don’t have to know about it, well not at least yet!

 

As always, feel free to contact us with any questions you may have and a free quote. We are here for you!

At Asher, we are all about building relationships. Come grow with us! Contact us today!

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HaPpY Pi DaY FrOm AsHeR!

Happy Pi day from Asher Custom Benefits! This Pi Day is a somber one; however, as the world has lost one of its greatest scientist to an awful disease, ALS, or Lou Gehrig’s . The world is without Stephen Hawkin today. This is a disease which touched my family personally as well, through my grandmother. We lost her at the age of 64 in 1997.

I watched my grandfather and family care for her throughout this illness over several years, as she degenerated. This is the type of disease from which we can protect you with long-term care insurance.

On a brighter note, go enjoy this Pi Day. Have a slice of Pizza, or Apple, or Blueberry, or whatever your favorite pie is. If you can, share it with your family, they are important.

 

As always, feel free to contact us with any questions you may have and a free quote. We are here for you!

At Asher, we are all about building relationships. Come grow with us! Contact us today!

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Insurance Advice with the Heart of a Teacher

I am going to steal a line from a well known mentor of mine from the financial world here, Dave Ramsey. In anything you do, look for advice from someone with the “heart of a teacher”. You see, ultimately, all decisions in your financial world are up to you, but your advice comes from someone else, so where is their heart?

This can come in any profession, not just in insurance and investments. I also saw it when I was practicing surgery. Although, the term “doctor” means teacher, many “doctors” think it is a license to steal from their patients, not to educate them on the best treatment. This is the same case for your financial and insurance professionals.

It is in your best interest to find an advisor or insurance broker that will act like a teacher, not someone trying to sell you the most expensive product. That is our feeling here at Asher Custom Benefits. We would rather deliver you the right product, rather than the most expensive product. We are about growing relationships, not growing our bank account.

We feel that we have the heart of a teacher. We have your best interest in mind, and always will. Ultimately, it is up to you to make your insurance and investment decisions, but we can only give you the best, unbiased, information.

As always, feel free to contact us with any questions you may have and a free quote. We are here for you!

At Asher, we are all about building relationships. Come grow with us! Contact us today!

Asher Custom Benefits

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How Should I Start To Save?

This is a loaded question! I am not a Certified Financial Planner by any means, although I do have much training in the area; however, I do work with them, and I do carry many of the lines of insurance that are necessary that are in a well-developed financial plan. But, jumping right to buying insurance is not necessarily the first step you may want to  do in a well-laid out financial plan, nor is investing in complex investment strategies right away.

I believe the first step in a well laid-out financial plan is looking at your budget and sticking to it every month. This includes setting savings for unexpected costs. From here, then you go to looking at the different kinds of insurances you may need.

The first kind of insurance we suggest, outside of auto, home, and health, is short-term disability or accident insurance. This protects you in the event of an illness or injury from which you will return to work. After this, we suggest long-term disability insurance. This will protect you from accidents or illnesses that from which you cannot return.

After these, we suggest you insure your property, making sure that it goes to your loved ones. This is guaranteed through Mortgage Insurance. This is a type of Life Insurance. Most of the time, we can get this guaranteed issue, regardless of age from age 0-85 years.

From Mortgage Insurance, we suggest Life Insurance Products, most often Whole Life products, for they have the most flexibility in their ability to grow and protect you throughout their life. Whole Life will be with you for your entire life, gaining value, at a set premium, with a guaranteed benefit in the event of your passing.

One Asher Custom Benefits has you protected, we will work with our partners, if needed, to expand your portfolio into greater investment options to help your wealth grow. You must have a solid foundation before you can do this, however. You cannot build a mansion on mush. We are here to help you build your foundation.

As always, feel free to contact us with any questions you may have and a free quote. We are here for you!

At Asher, we are all about building relationships. Come grow with us! Contact us today!

Asher Custom Benefits

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