Blog | Page 3 of 6 | BeamaLife Corporation

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

February 17, 2020 0 Comments

Investment accounts come in handy when <a href="https://beamalife.com/529-college-savings-plan-vs-roth-ira/" class="wpil_internal_link" >saving for college</a> or university. They make your life easier when you or your child go to college. That said, let’s

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What Are the Different Areas of Financial Planning?

February 17, 2020 0 Comments

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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Can I Take Money out of My Profit Sharing?

February 17, 2020 0 Comments

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

February 12, 2020 0 Comments

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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Are Bonuses a Deductible Expense for Corporations?

February 11, 2020 0 Comments

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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529 College Saving Strategies: The Best Future for Your Child

February 10, 2020 0 Comments

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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The Best Way to Find a Financial Advisor

February 10, 2020 0 Comments

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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What’s the Difference Between Life Insurance vs. Annuity?

February 10, 2020 0 Comments

People need to have a retirement plan. One way to achieve that is by choosing a life insurance or an annuity. They are more of the same, but you need

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8 Tax-Efficient Retirement Plans for Your Business

February 4, 2019 0 Comments

The first priority of every business is making a profit. And unless you’re a sole proprietor, your workforce is one of the keys to achieving this goal. Every business works

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529 College Savings Plans Pros and Cons

January 22, 2019 0 Comments

If you are wondering what is 529 college savings plan, then, you are not alone. You’ve probably heard about qualified 529 plans or state-sponsored 529 college savings plans. Congress created

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Dr. Shamji, California

"Neil has been an extremely professional who has been an outstanding financial advisor. He has looked to serve my needs to the best of his abilities; he is sincere to his words and has been a creative force in providing an amazing service. His greatest qualities that set him apart, is that he comes with the highest of integrity, extremely sincere and honest. I would recommend him with absolutely no reservation to my family and friends."

Dr. Ames, Washington

"When my friend first referred BeamaLife, I was not very sure that you will be able to help but I must say that you have done superb job of almost doubling my life insurance amount without any additional premium and help me take much higher income tax deduction. I admire your expertise in wealth creation and tax planning areas."

Dr. Martin, New Jersey

"BeamaLife was referred to me by my CPA for my pension plan funding. I was also wanted to take care of my estate tax need. Neil and his team have done a superb job of creatively funding my pension plan, acquiring most cost-effective life insurance for our estate planning need at per-tax dollar and helping us to get all our estate planning documents prepared."

Dr. Wasserman, New York

"I want to say thank you for your help in setting up pension plan and help us take substantial more income tax deduction. We appreciate your pension plan funding ideas as well – thanks again."

Dr. Patel, New Jersey

"We are impressed by your financial and estate planning expertise. Thanks for making our assets more secure and our life easy. Thanks for continued superb service and good luck."

Dr. Fisher, Tennessee

"Thank you for your help in reducing our defined benefit plan administration costs and increasing our funding level. We’ll be glad to introduce your firm to fellow physicians."

Dr. Noticewala, Pennsylvania

"When I was looking for a financial planning and risk management strategies I met with several advisors, but when I spoke with a Specialist at BeamaLife, she explained to me so much more than just life insurance. She explained to me the estate planning aspect of it and how that can be used as retirement planning and college education savings. Thank you BeamaLife, it was a pleasure doing business with you."

Dr. Chen, New Jersey

“My CPA referred me to BeamaLife for additional tax deduction strategy. They not only helped me reduce my income tax substantially but also helped me to secure my retirement income. They are very innovative and creative. Smart folks.”

Dr. Sharma, New Jersey

“BeamaLife has done a superb job in designing our asset allocation plan for defined benefit plan and personal investments portfolio. We were amazed to see the way BeamaLife worked with our CPA for an additional tax deduction even though we have one of the best tax accountant money can hire."

Mr. Bakare – A Very Successful Pharmacy Owner, New York

“I am very grateful to BeamaLife for the sound advice they have provided over the years. Higher tax deductions as well as the right asset allocation for our investments were just two examples of how I have benefitted from dealing with BeamaLife. They also put an effective estate planning strategy in place. Thank you for your help!”

Mr. Goldberg – Noteworthy Business Owner, New Jersey

“We have been dealing with BeamaLife for more than ten years now. They have been great advisors to us in terms of advanced risk management. They also helped to put in place pension plan strategies for our partners. BeamaLife has always been extremely professional and very attentive to our needs. Our sincere thanks!”

Mr. Peters – Software Company Owner, California

“I have the utmost trust and respect for BeamaLife’s expert staff. Regardless of the topic or question, BeamaLife has unique individuals with the right background to address my concerns. As a result, I have a much clearer understanding of how certain wealth creation strategies were the right fit for my company. I also have been able to take much higher income tax deductions for the corporation by implementing a plan set forth by BeamaLife. They have maintained an unmatched level of professionalism during my interactions with them over the years.”

Mr. Sakaria – Multiple Pharmacy Owner, New York

“BeamaLife has been a great advisor to us for many, many years. They not only helped us take higher income tax deductions but, also helped us organize our investment portfolio in an efficient manner. Through this relationship, we were able to create substantial wealth with the very low out-of-pocket expense.”

Mr. Bassanell – Multiple Pharmacy Owner, New York

“BeamaLife helped us immeasurably by focusing on the need to improve income tax deductions and educating us about estate planning. They guided us through completing all the documentation in a way that was easy to understand. I was comforted in knowing that they were just a phone call away and always available. We have consistently recommended them to friends and colleagues.”

Mr. Merchant – Software Company Owner, New York

“BeamaLife has been very instrumental in implementing the advanced level of executive bonus plans for our highly paid executives. In so doing, we have been able to retain the talent that makes this company thrive. Furthermore, they have helped us put in the right qualified and non-qualified pension plans for our senior executives. I would highly recommend BeamaLife for the complex financial strategies that businesses should implement.”

Beamalife Blog

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

What Are the Different Areas of Financial Planning?

Can I Take Money out of My Profit Sharing?

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

Are Bonuses a Deductible Expense for Corporations?

529 College Saving Strategies: The Best Future for Your Child

The Best Way to Find a Financial Advisor

What’s the Difference Between Life Insurance vs. Annuity?

8 Tax-Efficient Retirement Plans for Your Business

529 College Savings Plans Pros and Cons