Purple Solutions Insurance Group

It’s National Insurance Awareness Day.

Everyone knows insurance can protect your family from financial devastation in the sad event of a family member passing away, and payouts are usually tax-free. But did you know that today’s life insurance policies can also offer living benefits, like tax-advantaged retirement income, or funds if you develop the need for long-term care? If you have a permanent policy, you might want to have it professionally reviewed to see if an exchange or replacement might offer you better terms.

Call us to discuss insurance!

HAPPY FATHER’S DAY to all the wonderful DADs out there!!!! 👔

61% of older Americans would rather preserve their nest egg than grow their net worth.

How do you feel about asset protection? Let’s talk about your comfort level with risk—call us!

‘A great deal of uncertainty’: 61% of older Americans would rather preserve their nest egg than grow their net worth — could you be playing it too safe? Safe doesn't always translate into security.

June Is Annuity Awareness Month!

Reliable, recurring income during retirement becomes imperative once you’re no longer receiving a paycheck. In the past, monthly income was provided by employee pensions. Now, in many cases, retirees must figure out how they will file for Social Security as well as how they will withdraw money from their 401(k) in order to generate adequate retirement income without running out of money someday. Annuities can help some people by providing a regular income stream with a guarantee backed by the financial strength of an insurance company—either for a defined period of time, or for life.

Let’s discuss YOUR plan for retirement income now. Call us!

For the first time in a decade, average credit scores have decreased slightly to 717, according to data released by FICO. (In 2023, average scores sat at 718.) This is mostly due to missed credit card payments.

Since October, more than 18% of Americans have had past-due payments on one or more credit accounts. Compared to April 2023, this is up by 4%, FICO reported. Read more: https://fxn.ws/44hJfWY

Let’s talk about your financial plan!