William Carey, Financial Advisor at New York Life

12/14/2022

Family is what you make it, so make sure your loved ones and all your dreams for the future are protected.

When you add whole life insurance to your financial portfolio, it can work for both you and your family. Learn how this type of investment can support your goals.

10/24/2022

No matter how much you think you've covered all your bases preparing for retirement, something unexpected can always come up. Check out these 5 retirement blind spots to avoid and reach out if you want even more help.

When financially preparing for retirement, remember to consider five things about income sources and preparation.

09/29/2022

Protecting your family is important. But so is making headway on your financial goals. Fortunately, there are two new insurance products that can help you do both. Learn more here and let’s talk about what these tax-advantaged solutions can do for you.

Being prepared looks different across all phases of life. Understand what people like you typically consider when making their plans.

07/28/2022

Is inflation making you feel less financially secure? If so, you’re not alone. Take a look at what this recent article has to say about the impact inflation is having and let me know if you’d like to hear about some proven solutions.

New York Life examines how the cost of groceries, gasoline and other goods and services rise as a result of inflation, consumers across generational groups are responding to the pressure of reduced purchasing power by making changes to their day-to-day spending habits and adjusting their budgets.

07/12/2022

Moody's reaffirmed New York Life’s Aaa rating, making us one of only two companies in the industry with the highest ratings currently awarded to any U.S. life insurer for financial strength. See what other major rating agencies have to say about us.

New York Life Insurance Company and its subsidiary, New York Life Insurance and Annuity Corporation, earn the highest ratings currently awarded to any life insurer by all four major ratings agencies.

06/20/2022

While inflation has yet to peak in some parts of the world, these three indicators may signal we’re not far from a turning point.

The price of semiconductor chips, shipping, and fertilizer is receding back down to normal levels—indicating that inflation might be past its peak

04/26/2022

Good morning everyone. Just an FYI on NY Life's latest Power of Knowing educational webinar series. Our next webinar (May 2nd) will be on disability. Please feel free to attend and contact me with any questions or need help registering.

Join us May 2 at 2 p.m. EST for an exclusive presentation on the importance of protecting against income loss in the event you become disabled with Dr. Michael Finke, renowned academic researcher and professor of wealth management at The American College of Financial Services. He will show you how you can help mitigate the risk of income loss due to a disabling sickness or injury during your working years by purchasing individual disability insurance (IDI).

Monday, May 02, 2022 at 02:00 PM Eastern Daylight Time.

04/11/2022

It’s safe to say that consistently high inflation is unlikely to abate in the near term. What does that mean for the state of our economy? Insights on this and more can be found in the latest market update from New York Life’s Executive Vice President and Chief Investment Officer, Tony Malloy. If you have questions about how inflation could impact you, reach out and we can set up time to talk.

Being prepared looks different across all phases of life. Understand what people like you typically consider when making their plans.

04/06/2022

Worried about the way taxes could affect your standard of living in retirement? Tax diversification with life insurance can help you save more of your money. Contact me to find out how.

03/31/2022

80% of women and 35% of men in the U.S. will one day require some form of long-term care (home health aide, assisted living facility, etc.). Detailed care of this nature can quickly deplete savings/assets intended for a comfortable retirement, love ones, etc.

To meet this challenge NY Life has recently released Asset Flex, a hybrid LTC strategy coupled with a whole life coverage plan. The long-term care component value grows over time and if never used, becomes a whole life insurance policy, which will also grow in death benefit value. There are several ways to fund this type of policy and myself and NY Life can find one that works best.

Attached is more info on our newest LTC offering, Asset Flex.

Discover Asset Flex, a linked-benefit life insurance and long term care product from New York Life. Strengthen your retirement plan with Asset Flex today!

03/25/2022

Whole Life Coverage as part of an investment/retirement strategy?

While a whole life policy provides protection for loved ones, its value as a part of a larger investment/retirement strategy mustn't be overlooked.

The cash value of a whole life policy (and the death benefit) grows over time and, unlike a qualified (401K) retirement plan, that cash value is tax free at the time of withdrawal.

One suggestion I always make with folks whom have a 401K but not adequate life insurance is take a look at your 401K. Are you making contributions to this plan that exceeds what your employer matches? If so, why not consider a diversification strategy involving whole life? Maybe think about taking the over-contribution amount, move it to a whole life plan and watch the tax free cash value grow while providing protection for your family in the event of the unforeseen?

After retirement age is reached, if/when a withdrawal from a whole life policy is made, say $10K, the net amount received is $10K, unlike a withdrawal from a 401K, which would be subject to a tax hit (20%, 30%, etc.).

Please feel free to reach out to me to discuss further and Happy Friday!