New Families

Careful planning is the first step towards a more secure financial future

Life Stage Priorities

  • Financial Growth75%
  • Asset Protection75%
  • Retirement Planning50%
  • Income Planning50%
  • Estate Planning25%

Financial Growth

Diversify your portfolio. Whether that means putting aside some money into your 401(k) or another savings account, avoid putting all your nest eggs in one basket. Diversifying your portfolio also allows you to maximize potential gain and minimize risk. Go beyond the workforce and consider other options like purchasing a fixed indexed annuity. Adding a fixed indexed annuity to your portfolio can help ensure a lifetime stream of income.

Many parents have heard of 529 plans in their state and believe that it is the best savings option for their child’s college education. While 529 plans work for some, they’re not the safest education savings option available. Index universal life insurance offers a savings plan that has fewer restrictions and can be a safer option for your child’s future.

Asset Protection

Purchasing a Universal life insurance (often shortened to UL) is a type of cash value life insurance, sold primarily in the United States. Under the terms of the policy, the excess of premium payments above the current cost of insurance is credited to the cash value of the policy, which is credited each month with interest.

Retirement Planning

Opening up a Roth IRA and maxing it out for myself and your spouse In addition, putting as much money into my 401k that I could. If you satisfy the requirements for a Roth, qualified distributions are tax-free. You can make contributions to your Roth IRA after you reach age 70 ½. You can leave amounts in your Roth IRA as long as you live.

Income Planning

Many parents have heard of 529 plans in their state and believe that it is the best savings option for their child’s college education. While 529 plans work for some, they’re not the safest education savings option available. Index universal life insurance offers a savings plan that has fewer restrictions and can be a safer option for your child’s future, but also creates tax free income in the back end.

Estate Planning

A simple will is the will of choice for you. A simple will is a single legal document that applies only to you. A simple will describes how you want your assets distributed, and to whom, after you are gone.


Schedule your appointment with the Compass Financial Team today.

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