At Allgen we define the Financial Freedom stage as the point when you have accumulated enough assets and/or income streams to maintain your lifestyle without having to depend on a paycheck from work. While the Formation (accumulation) stage focuses on the growth of assets, the Freedom (preservation) stage focuses on ensuring the assets last your
70% of all homeowners have a mortgage. Which means 30% do not.1 If you aspire to be in the latter camp, below are some ideas to accelerate that outcome. At Allgen, we would love for you to have your home paid in full by the time you retire and even sooner, if possible. Yet we
At the end of the year, everyone is busy with holiday celebrations, travel, and for some a very busy working season (retailers, accountants, financial advisors). But before we close out the year, let’s not overlook the opportunities that can help with our final tax bill for 2018. Here are some reminders on how to utilize
If you have a junior or senior in high school, then you know it is that time of year to start thinking about college visits, SAT prep, graduation, and how the heck to pay for everything. If you are a parent of a freshman or sophomore, then you are just watching the plethora of school
Perhaps you’ve spoken to a friend at some point who sang the praises of an annuity and you thought…this sounds like a good idea. Or maybe you need a way to create a guaranteed stream of income and think an annuity may provide that avenue. Maybe you are an avid learner on anything finance
1st Thing to Know – Parts vs. Plans You are standing behind someone in line at the pharmacy. The pharmacist is asking for his Medicare prescription card and the customer provides it. The pharmacist says the prescription will be $150. The patient is shocked and says he usually only pays $5 for it. What just
A lot of entrepreneurs and small business owners are focused on growing their business (as they should be). However, sometimes business owners are so preoccupied with growing their business that they forget to save for their retirement. Consider a small business retirement plan designed to save for your future and potentially help your tax bill.
Freedom Planning Mindset Do you remember how it felt to look at the world and believe anything was possible? Can you remember feeling the freedom to chase your aspirations, free from fear and doubt? As you read this, let’s explore your imagination and wander to those dusty forgotten corners of your mind. If you are
It is no wonder that as our credit card statements begin rolling in, we are motivated to make personal finances our New Year’s Resolution. For many of us, the New Year represents a clean slate – it is a time to reimagine our life. However, amid all the “New Year, New You” talk, Allgen is
The Man of The House… And The “Geyser” It all happened so fast. I was getting ready to do something that I do every day and in a second I am in a compromising position with no idea of how I am going to get out of it. Just as I was about to shower,