Monday, September 30, 2013

Last Day of Life Insurance Awareness Month


As we have presented this September, life insurance can do some pretty amazing things for people. It can buy loved ones time to grieve. It can pay off debts and loans, providing surviving family members with the chance to move on with a clean slate. It can keep families in their homes and pre-fund a child’s college education. It can keep a family business in the family. It can provide a stream of income for a family to live on for a period of time. Life insurance can do all of these wonderful things for your family…there’s just one small catch. You need to own life insurance.

There’s a growing crisis of too many Americans not having adequate life insurance protection. According to the industry research group LIMRA, 30 percent of US households have no life insurance whatsoever. Today there are 11 million fewer American households covered by life insurance compared with six years ago. Here’s the bottom line: A majority of families either have no life insurance or not enough, leaving them one accident or terminal illness away from a financial catastrophe for their loved ones.

What if you were suddenly gone and your family had to manage on their own? When was the last time you did the math to make sure your loved ones would be OK financially? Have you checked with your employer to find out what kind of life insurance benefit you have through work and whether you have the option to increase your coverage? When was the last time you had your life insurance needs reviewed by an insurance professional? Northeast Financial Strategies is here to help!


Wednesday, September 25, 2013

3 Life Changing Events That May Change Your Insurance Needs

Your life insurance coverage should be reviewed on a regular basis to ensure you have adequate coverage, but a major life change is a particularly important time to assess your life insurance needs. Here are three life events when you should review your life insurance policy:

1) A change in family situation: Did you get married, divorced, have a baby, adopt children, or change jobs? Any of these life events are likely to change the amount of life insurance coverage you need.

2) An upward change in your income: A big promotion or a raise may be a good reason to review your coverage. Life insurance is often purchased to replace the income of the breadwinner in a family. If your income increases, you may need to review the face value (the amount paid to beneficiaries at the policyholder's death) of your life insurance policy.

3) Retirement: If retirement is just around the corner, it may be time to assess your life insurance policy. According to the Insurance Information Institute (III), life insurance can keep surviving spouses from receiving reduced Social Security benefits. For example, those who begin collecting Social Security survivors benefits at age 60, rather than at the full-benefit age of 66 or 67, receive a permanently reduced Social

Monday, September 23, 2013

Life Happens


No one knows what the future holds. Hopefully, only good things are in store for you.

But realistically, bad things will happen too.

Even if you don’t consider yourself a cautious person, you take little steps every day to improve the odds that good things will happen and guard against the possibility of bad things happening.

You wear seat belts.

You lock your doors when you leave home.

You try to eat well and exercise.

Friday, September 20, 2013

Life Insurance: Why Do I Need It? What Does It Do?

So, why do you need life insurance?

What often comes to mind when thinking about life insurance is that you can use it to pay final expenses. You've seen the commercials: Funeral expenses, burial costs and medical bills can add up to a hefty amount. The last thing you want is for your loved ones to shoulder this extra burden. Life insurance can be used to plan for these final expenses. Permanent life insurance is available in various amounts, so you can pick a death benefit that meets your needs.

But there are other considerations to keep in mind. You can use life insurance …

As mortgage protection. Whether you live by yourself, with a spouse or significant other, you may want to buy life insurance as mortgage protection. Think about it: You don’t want the person you live with to be homeless if you die unexpectedly, do you? Term life insurance can be used to pay off an outstanding mortgage balance. Just select a term that matches the length of your mortgage payment period. Some companies even offer decreasing term insurance, which means the death benefit decreases along with your mortgage balance.

Thursday, September 19, 2013

Life Insurance - Why Now?





This is the award winning video created by Jeffrey Schweitzer of NFS-Northeast Financial Strategies for Life Insurance Awareness Month back in September 2011.

Wednesday, September 18, 2013

Why People Buy Life Insurance

If you are asking yourself why you should buy life insurance, here are some reasons why some of our other
clients have bought life insurance....

For the Death Benefit:

  • To replace earning power at death
  • To pay for cash needs that arise at death

As a Disciplined Savings Program*:

  • To help pay for educational costs
  • To supplement retirement income
  • To take advantage of business opportunities
  • For Financial Emergencies
Because of the Risk of Waiting:

Monday, September 16, 2013

IRS Provides Tax Relief to Victims of Colorado Storms

WASHINGTON DC –– The Internal Revenue Service is providing tax relief to individual and business
taxpayers impacted by severe storms, flooding, landslides and mudslides in Colorado.

The IRS announced today that certain taxpayers in the counties of Adams, Boulder, Larimer and Weld will receive tax relief, and other locations may be added in coming days following additional damage assessments by the Federal Emergency Management Agency (FEMA).

The tax relief postpones certain tax filing and payment deadlines to Dec. 2, 2013. It includes corporations and businesses that previously obtained an extension until Sept. 16, 2013, to file their 2012 returns and individuals and businesses that received a similar extension until Oct. 15. It also includes the estimated tax payment for the third quarter of 2013, which would normally be due Sept. 16.

The IRS automatically identifies taxpayers located in the covered disaster area and applies automatic filing and payment relief. But affected taxpayers who reside or have a business located outside the covered disaster area must call the IRS disaster hotline at 866-562-5227 to request this tax relief.

Practitioners located in the covered disaster area who maintain records necessary to meet a filing or payment deadline for multiple taxpayers outside the disaster area may contact the IRS to identify such clients using the procedures described on the IRS website.

Full details, including information on how to claim a disaster loss by amending a prior-year tax return, can be found in IRS.gov. The IRS encourages taxpayers and tax practitioners to monitor the Tax Relief in Disaster Situations in IRS.gov for updates.

Wednesday, September 11, 2013

NFS Remembers 9/11/01


September 11th, 2001 changed the lives of many. Never forget that terrible day when we lost over 3000 of our family and friends in the tragic events.

Monday, September 9, 2013

Wrentham Day 2013 Winners

Wrentham Day 2013 was a gorgeous day and Northeast Financial Strategies Inc was excited to take part!

In addition to meeting lots of new people and seeing our old friends, we gave out 400 Wrentham T-Shirts, put temporary tattoos on kids of all ages and had a FREE Raffle for some great prizes from lots of local businesses! We thank them all for their support and generosity!!

Here is the listing of the raffle winners:

FREE Income Tax Preparation from NFS
Laura Beaulieu of Wrentham

$50 Gift Certificate to Cafe Assisi
Wendy Purdon of Wrentham

$50 Gift Certificate to Commonwealth BBQ
Suzanne Bodensiek of Wrentham

30 Minute Cranial Sacral or Reiki at Be Well Therapeutics
Renee Knott of Wrentham

$10 Gift Certificate to Town Pizza Wrentham
Jenn Roderigues of Wrentham

$25 Gift Certificate to Village Ski & Snowboard
Jamie Person of Wrentham

Free Oil Change at Bill's Automotive
Timothy O'Toole of Wrentham
Sharon Jennings of Roslindale
Susan Murphy of Wrentham

1 Hour Private Yoga Lesson from VirabhadraYoga.com
Rick Clemon of Wrentham

$50 Gift Certificate to Photo Options Photography/Hughes Photo
Patricia Meador of Wrentham

Framed Artwork from The Preservation Framer
Donald Achin of Wrentham

$25 Gift Certificate to Dance & Beyond
Emily Gebhardt of Wrentham

$20 Gift Certificate to Looking Glass Cafe
Tina Sinioris of Wrentham

If you see your name on this list, please come into the office and claim your prize. You should also receive a message from us.

So many decisions....

This year's design for the FREE shirts

400 Wrentham Wampum Corner shirts FREE for the taking

Our new banner and prize table for the raffle

Thanks to all the local businesses for their donations

Jim Schweitzer and helper of the day Callie getting ready for the day

Soccer players from the Fall 2013 "Team Northeast Financial Strategies"

Jeff Schweitzer and Michelle Ricci

Friday, September 6, 2013

Wrentham Day 2013!!!

Come Join NFS - Northeast Financial Strategies Inc. at Wrentham Day 2013 on Saturday September 7th!!

We will be setting up at Wrentham Day and have lots of fun for everyone...

FREE Wrentham T-Shirts while they last
FREE Temporary Tattoos for the kids
FREE Raffle including items like FREE Restaurant Gift Certificates, FREE Oil Changes, FREE Artwork, FREE Dance Classes, FREE Yoga Sessions and even FREE Income Tax Preparation!!

Everything at our booth is FREE and after you stop by to visit us, checkout the rest of Wrentham Day on the Town Common!

Here is a listing of all the FREE Prizes in our Raffle this year....


Tuesday, September 3, 2013

Why Now Is The Best Time To Buy Life Insurance


The sluggish economy continues to put financial strain on many of us. So it just makes sense to examine our budgets and look for ways to trim the fat from our monthly expenses and put more into savings, if possible.

That’s a great way to help stabilize your finances, but it’s also important that you have a financial safety net in place in case something were to happen to you. Life insurance is one of the few guarantees your family could rely on to maintain their quality of life if you were no longer there to provide for them.