Apex Financial LLC

08/05/2021

▪️ Should you MAX out your 401K? ▪️

Good Question! While 401k & IRA are excellent accumulation vehicles (growing your money) they are quite inefficient for distribution (spending your money)

Financial research shows a maximum of only 4%-4.5% should be withdrawn from investments during retirement due to sequence of return risk (the risk of experiencing principal losses early in retirement due to poor market returns)

Example: For every unit ($1,000,000) of retirement income - you can only SAFELY generate $40,000-$45,000 of PRE-TAX income...

The Problem with this....

Lets assume you are used to earning $100,000 of income today at 35 years old and expect to retire in 30 years at age 65

In 30 years to maintain the buying power of $100,000 today, factoring an average 3% inflation rate - you would need around $242,000 of income to maintain buying power, by the time you are 65!

With the average American only saving 4% of their annual income - this puts most Americans dangerously off track from an efficient savings standpoint...

At "the 4% Rule" standard - by Retirement, using the same 4%-4.5% safe withdrawal rate - you would need to have saved $6,000,000 to generate $242,000 of income....

Are you on track to save $6 million?? The goal of every Retiree should be to maintain lifestyle and buying power in Retirement.

Let's factor in an income "credit" of $40,000/per year from Social Security, you would still need $5,000,000 saved in your 401K to generate the remaining $200,000 of income

Lets not forget about taxes... Historically we are in the LOWEST income tax environment we have ever had as a country... with COVID - PPP Loans, SBA Loans, Trillion dollar after Trillion dollar bill being passed, Social Security inadequately funded, historically low interest rates....

Which way do you think taxes will go?

Your 401K and IRA (qualified plans are subject to income tax upon withdrawal what if taxes double? Or triple? We've had marginal tax rates as high as 90%...

Do you really want to leave it up to the IRS to determine how much of your money actually belongs to you in Retirement?

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06/18/2019

04/19/2019

• Apex 2019 Team Nola •

Q1 is on the books! 2019 is off to a great start thanks to our talented team! We are looking forward to continuing to serve our LA clients as well as plans to expand along the Gulf Coast over the next year.
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Stay tuned for information on Financial Services Career opportunities in the following states: MS - AL - FL - AR .
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08/12/2018

• Fees and Taxes •

• Understanding your true exposure to taxes and fees is crucial to having a sound Financial Plan •

• When consulting clients who have worked or are working with traditional advisory firms, we often find many do not fully understand the impact of management fees and transaction fees that WILL ultimately reduce the all important Rate of Return. This misunderstanding combined with unforeseen or poorly planned tax strategy can truly erode realized wealth •

• if you are working with a firm, be sure you fully understand what fees you will be charged. As well as how taxes WILL come into play on your current plan either now, or down the road at retirement•

• We typically do not charge our clients management fees • Getting our clients the most return on their hard earned dollar with the least amount of risk - while minimizing or avoiding tax all together is our primary goal here at Apex•

• Contact us today or use our booking platform for a $0 consultation •

07/17/2018

• Rich Man’s Roth •
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• Given our current tax environment - Now is a perfect time to take advantage of a Roth IRA or a vehicle that offers contributions on dollars that are taxed now rather than upon withdrawal •
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• However, those filing as single who make more that 131k a year - or 186k for married couples - these individuals/couples are barred from participating completely •
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• Maximum contributions of 5,500 annually •
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•Penalty tax of 10% on any gains after pre tax contributions •
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• The ROTH is a powerful tool, but it has limitations •
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• What if there were a vehicle that offered no cap on annual contributions • True tax free growth free of ANY market risk • True tax free/penalty free withdrawals • 24-48 Hour Liquidity • No discrimination based on single or joint income ranges •
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• What if this is vehicle existed and it sat nicely next to a guaranteed - tax free Legacy Value that would allow you to spend down assets in retirement, in a way you had never thought possible? •
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• It does Exist - and it’s name might surprise you •
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• Contact Today to learn more - or use our booking platform to schedule a $0 fee consultation •
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07/07/2018

• Inspiration •
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“It takes a long time to fully become who you truly are. Discipline is Virtuous”
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-Bjork
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• Stay focused. Stay disciplined. Keep your eye on the ball. Remain always, A Student •

07/05/2018

• Education •
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• Twice a Quarter, Apex conducts an Educational Seminar •
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• This particular seminar was conducted for Our Lady of the Lake Network in Baton Rouge, LA •
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• The Seminar focused on Life Insurance that is heavily marketed to Seniors • Specifically, Guaranteed Issue products which tout “coverage cannot be denied regardless of health - No health questions are asked - your acceptance cannot be denied”
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• There are people, many people, who’s health status is such the only product they can be issued for life insurance is a Guaranteed Issue policy - such as life threatening illnesses - multiple major health events like stroke, stints, bypass surgeries etc •
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• The danger in applying for coverage this way is that you are not receiving a product specifically tailored to your own health status • GI policies or graded/modified polices place the insured on a “waiting period” where the full benefit is not payable until moving through the time frame • The premium is also blended meaning everyone healthy and unhealthy pay the same rate •
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• Carriers underwrite health differently, and what one company may issue as a “graded” policy, another may issue as “immediate coverage” with a preferred rate premium saving thousands of dollars over time •
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• Working with a broker who has access to multiple carriers can help clients, especially seniors, navigate and find coverage that does not penalize their individual health status getting them the most benefit for the lest amount of premium dollar •
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• For a free consultation call/email or use our booking platform • If you are a facility operator/manager and would like to schedule a free seminar geared towards any Financial Topic - ask for availability •

06/27/2018

• Excess Liability •

• When analyzing where our clients stand from an asset protection standpoint - The impact of what is truly at stake in the event of an excess liability event is often, unrealized or never considered •

• When truly taking into consideration the hard work and time it can take to accumulate assets and build wealth, typical Home and Auto Liability coverages are dangerously inadequate in the event of a law suit • This is true for both average and high income earners alike • In the event yourself or a family member/spouse are taken to court for causing a personal injury - you can be held liable for that person(s) HLV (human life value) • The HLV is not what someone earns today, but what they could have earned over the course of their entire life • With average limits of coverage in the $100k to $300k on most auto and homeowners plans - being held liable for HLV can completely wipe out every asset you have have worked to attain • Never mind the impact on your own family’s personal goals and hopes •

• The solution to this problem and its cost - make it a no brainer when presented to our clients - 100% of the time • The reality is that most Property and Casualty agents/brokers are just not taking the time to have this conversation with YOU •

• Find our more about what options are available to you by contacting or use our booking service for a free consultation •

06/25/2018

• Origins of Insurance •

1754 BC • Babylon • The Code of Hammurabi

Inception of Bottomry • Maritime ship masters borrow money or source loans against the “bottom” or keel of the ship from a creditor for emergency repairs/ funds during expansive voyages to transport goods and cargo. Upon safe return, the ship masters must repay the loan in full with Interest or forfeit the ship itself. A “risk transference” component insured that if the ship did not successfully complete its voyage, the ship master would not be obligated to repay the loan to the creditor.

• The Roman Empire and Life Insurance •

Roman general Gaius Marius devises “benevolent societies” within the Roman Army • Legion members could “opt in” to the society •

• Level premiums were paid into a reserve by contributing members which guaranteed that in the event of a soldiers death, his burial expenses would be paid in full by the society, relieving the burden from his family • Any remaining premium or “reserve” funds would be paid out to surviving members of the society in a “guaranteed income” form for the remainder of their life •

•This form of “guaranteed income” for life concept gave birth to the modern day Income Annuity •

• Burial Societies insured contributing members would most importantly, have the necessary ritualistic coin placed under the tongue. This coin was payment for ferry to either:

Elysian Fields or Tartarus - without payment they remained lost on the shore of River Styx for eternity.

The concept of insurance is as old as Christianity. It remains today, more important than ever in avoiding and transferring risk.

• Contact for service of all your insurance needs. You can also utilize our booking service for a free financial consultation.

06/17/2018

• Life Insurance and Life Threatening Disease •
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Learning that yourself or a loved one has been diagnosed with a Malignant Cancer or another type of Life Threatening/Terminal Illness is a terrifying prospect.
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• Many clients we have come across have found out late in life or near retirement, that they have developed a life threatening illness. Most people do not realize when you retire from a job where you have maintained paying premium on GROUP BENEFIT coverages (including life insurance) that when you officially retire, or switch jobs, or get laid off - The benefits are non-transferable and you receive no benefit or premiums back in return. ⠀⠀
• Coupled with a diagnosis like cancer, this can leave someone completely exposed, especially when it comes to life insurance.
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• Many fully underwritten policy insurers or carriers, will decline someone diagnosed with such an illness. Leaving many clients we have encountered feeling that they simply cannot get life insurance coverage.
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• in fact, they can - ⠀⠀
Any type of major auto immune disorder, heart surgery, stroke, malignant or terminal cancer, mental or physical disorders/handicaps, you name it - can be provided life insurance coverage. ⠀⠀
• Through the many carriers we do business with, we can match a life insurance product or need to any client we come across. No matter what the health situation may be. ⠀⠀
• If you or someone close to you is being declined over and over or they believe they are “uninsurable” -
Ask what options ARE available to them. We can help provide a solution for any budget. ⠀⠀
• Contact us via e-mail or use our booking service for a $0 consultation.
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