Beamalife Blog

Equity Indexed Annuity

Equity Indexed Annuity Pros and Cons

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When buying a home, you have to choose between an adjustable-rate and a fixed-rate mortgage. However, if there were a third option less risky than the adjustable-rate and beat the

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retirement plan

Are Deferred Compensation Plans a Good Idea

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High-income earners prefer to use deferred compensation plans as it allows tax-free growth before the owner withdraws cash at their tax income tax rate. When receiving the payment, you may choose

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retirement

Annuity vs 401(k)

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Choosing the best retirement savings plan that suits your personal needs is one of the most crucial decisions a person needs to make. Some of the best options you can

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which way to go

529 Plans vs. Brokerage: Which Is the Best for College Savings?

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Investment accounts come in handy when saving for college or university. They make your life easier when you or your child go to college. That said, let’s compare two investment

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financial planning

What Are the Different Areas of Financial Planning?

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Investment accounts come in handy when saving for college or university. They make your life easier when you or your child go to college. That said, let’s compare two investment

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coins

Can I Take Money out of My Profit Sharing?

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A profit-sharing plan is a type of defined-contribution plan that lets employers help their employees save for retirement. It is similar to the 401(k) plan and allows employers to make

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college dropout

What to Do with a 529 Plan If Your Child Does Not Go to College

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Every parent who has a 529 plan will always smile when footing college expenses for his or her children. A 529 plan makes sure you never worry when your child

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bonus

Are Bonuses a Deductible Expense for Corporations?

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Bonuses can be paid to employees in a corporation to act as a motivation for them. Bonus payments become tax-deductible if you run a business through a corporation. However, some

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university

529 College Saving Strategies: The Best Future for Your Child

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The transition between diapers to diploma seems a long way off from day one when you set your eyes on your baby at the hospital. The biggest worry for every

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finding consultant

The Best Way to Find a Financial Advisor

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A financial advisor is an equivalent of the Chief Finance Officer (CFO) for your business or family. When hiring, you need to follow a disciplined process to find someone who

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