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Brought
to you by:
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| McCormick Klessig & Associates
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About Our Firm:
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McCormick-Klessig & Assoc., Ltd. provides individuals, families, small and medium sized businesses with complete coverage of personal and business risks in all product lines: Commercial Personal Life Accidental and Health ( including group products).
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| QUOTES from
the
Masters... |
| On Desire/Motivation |
On Balance |
"When
you know what you want, and you want it bad enough, you will find a way
to get it." -- Jim Rohn
"Whatever
you want wants you even more than you want it." -– Mark
Victor Hansen
"Let
us not be content to wait and see what will happen, but give us the
determination
to make the right things happen." -- Peter
Marshall
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"Life
is part positive and part negative. Suppose you went to hear a
symphony
orchestra and all they played were little, happy, high notes?
Would
you leave soon? Let me hear the rumble of the bass, the crash of
the cymbals and the minor keys." -–
Jim Rohn
"If
we had no winter, the spring would not be so pleasant: if we did not
sometimes
taste of adversity, prosperity would not be so welcome." --
Anne
Bradstreet
"Be
prepared to ride the cycles and trends of life; success is never
permanent
and failure is never final." -– Brian
Tracy
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Sources of Funds
During a Disability
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What
Sources of Funds May Be Available to Replace Your Earning Power During
a Disability?
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Source
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Evaluation
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| Savings |
If
you save 10% of your income each year, it will take 10 years to set
aside
just one year’s income. |
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| Borrow |
What
creditor is going to lend money to a disabled income earner? |
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| Liquidate
Assets |
Assuming
a market exists, a forced liquidation of assets can reduce their
value.
A single disability could consume the assets you’ve worked a
lifetime to
accumulate. |
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| Spouse's
Earnings |
Your
lifestyle may already be built upon a dual income. If, however,
your
spouse is not currently an income earner, is it realistic to assume
that
he or she could replace your earning power? |
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| Social
Security Benefits |
It
can be difficult to qualify for Social Security disability
benefits.
Assuming, however, that you do qualify, Social Security benefits do not
begin until the sixth full month of disability and are generally not
adequate
to replace your earning power. |
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There is,
however,
a potential solution...
Personally-owned
disability income insurance, coordinated with other sources of
disability
income.
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| MESSAGES
from
the Masters... |
MAKE
THE RUBBER MEET THE ROAD by Josh Hinds
Make
the rubber meet the road! - The only problem with goals (if there is
one..lol)
as I see it is that all too often we plan ourselves to the point that
we
never actually take action on them. Rather I should say the right
amount
of action.
I can't
even begin to tell you how many people I know (me included in some
cases)
who are guilty of planning themselves to death! I should say that
planning
is good. What I mean above is that we need to be willing to admit that
no matter what our plans are, life does have a way of making us make
minor
(in some case major) adjustments that will lead to our intended goals.
My
point is this: Have a solid framework for what you want to achieve. Be
willing to admit that you might have to make adjustments along the
way.
Above
all else! Get started! Even if it's simply taking small steps, at least
we are making progress, right? As you take those steps reinforce in
your
mind that with this very action you are indeed making progress.
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don't want to add to your e-mail clutter! If you do not enjoy
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newsletter, just reply to this e-mail and ask to be removed or call my
office. Thanks!
The purpose
of this newsletter
is to provide information of general interest to our clients, potential
clients and other professionals. The information provided is
general
in nature and should not be considered complete information on any
product
or concept described. For more complete information, please
contact
my office at the phone number above.
Quest Capital Stratagies
25231 Paseo de Alicia, Suite 110
Laguana Hills, CA 92653-4615
(800) 527-9989
Member FINRA and SIPC FINRA is located at www.finra.org.
SIPC is located at www.sipc.org.
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