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    Insurance Planning

    Annuities: Today, the majority of the burden for retirement income seems to have shifted to the individual.  An annuity could play an important part in your overall retirement income strategy.  So, how do you know whether an annuity may be appropriate for a portion of your retirement assets?

    •  Are you retired or nearing retirement?
    •  Do you currently have a retirement income strategy in place?
    •  Do you have steady, reliable income streams or are you working with defined contribution plans, such as a 401(k), 457, 403(b) or IRA?

    If you do not currently have a steady and reliable income streams to cover your basic expenses in retirement, you may want to consider an annuity for a portion of your retirement income strategy to provide supplemental income that can help offset the risk of outliving your money.  

    Together, you and your financial professional should have a thorough discussion about whether an annuity is suitable for you.  

    Life Insurance:  Needs evolve...so should your life insurance.  Evaluating your life insurance needs should not be a one-time event.  In our experience, many financial strategies include life insurance policies that have not been reviewed since they were purchased.  Your life insurance policies are an integral part of your blueprint for life and should be reviewed every year or two to ensure they are performing as you expected and aligned with your current financial goals and objectives.

    If properly structured, proceeds from life insurance are generally income tax free.  There are certain life events that may trigger the need for an adjustment to your life insurance.  The most common are:

    •  Change in marital status
    •  Birth/Adoption of a child
    •  New home
    •  Taking on debt
    •  Planning for college
    •  Planning for retirement
    •  A significant change in assets
    •  A change in your business (for business owners)

    Long Term Care:  As the oldest baby boomers begin to wind through their 60s, one of the biggest concerns may not be outliving income, but outliving good health.

    For retirees, home health care can cost $65,000 or more per year1, and nursing home care can run as high as $139,000 per year1. Does your retirement income strategy account for this kind of possibility? Would you be prepared for twice that amount as a married couple?

    Considering that you could have to reduce your financial means before Medicaid will pay for long-term care and neither your employer group health insurance nor major medical insurance will cover long-term care, you may want to consider planning ahead for these potential expenses.

    1Genworth 2018 Cost of Care Survey: Home Care Providers, Adult Day Health Care Facilities, Assisted Living Facilities and Nursing Homes in the San Francisco Bay Area, CA.

    Medicare:  Is a health benefits program for U.S. citizens or permanent residents who meet certain work history requirements:

    •  Age 65 or older
    •  Under age 65 with certain disabilities 
    •  Individuals with end-stage renal disease (ESRD)

    Part A - Hospital
    Part B - Medical
    Part C - Medicare health plans, which must cover Part A and Part B benefits
    Part D - Prescription drug coverage

    History - Medicare was signed into law in 1965.  A brief history of Medicare is available at http://www.cms.gov/History

    Medicare is administered by the Centers for Medicare & Medicaid Services, an agency of the U.S. Department of Health and Human Services.

    To be eligible to enroll in a Medicare plan, a beneficiary must be entitled to Part A and enrolled in Part B.   

    Need help clarifying Medicare and finding the right medical care?  We can evaluate your situation, assist and help clarify complex Medicare plans and determine if purchasing a Medicare Advantage, Medicare Supplement or Prescription Drug plan is right for you.  

    To schedule a time to discuss your financial future and the possible role of insurance and investments in your financial strategy, contact us at admin@pacificexcel.com or call us at (510) 217-8125 today!

    By contacting us, you may be offered information regarding the purchase of insurance and investments products. 

    Insurance products and services are offered through Pacific Excel Insurance Services, Inc., and are not offered by J.W. Cole Advisors.  Annuities have limitations. They are long-term vehicles designed for retirement purposes. They are not intended to replace emergency funds, to be used as income for day-to-day expenses, or to fund short-term savings goals.  Fixed annuities may be appropriate for individuals who want guaranteed interest rates and the potential for lifetime income. If you take withdrawals before you're age 59½, you may have to pay a 10% early withdrawal federal tax penalty in addition to ordinary income taxes.

    Contact Us Today!

    Phone: (510) 217-8125

    Fax: (510) 227-5931


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    Alameda, CA 94501-2922

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    Family-owned and operated, Pacific Excel Wealth Advisors, Inc. is an independent wealth management firm, founded in 2011.

    Advisory services are offered through J.W. Cole Advisors, Inc. (JWCA).  Pacific Excel Wealth Advisors, Inc. (PEWA) and JWCA are not affiliated entities.  One or more individuals at PEWA are registered as Investment Adviser Representatives of JWCA with certain State securities divisions.  PEWA Investment Adviser Representatives receive fee-based compensation in exchange for soliciting advisory services, which are provided by JWCA on behalf of PEWA clients.  Additional information regarding the specific investment advisory services which are offered by JWCA can be found in JWCA’s Form ADV Part 2A Brochure (the Brochure), which is available on JWCA’s website - jw-cole.com.

    Insurance services and products are offered through Pacific Excel Insurance Services, Inc., an independent insurance agency - California Licenses 0F91699 and 0L77279.

    Pacific Excel Wealth Advisors, Inc. and Pacific Excel Insurance Services, Inc. are under common control.

    In addition to providing certain investment advisory services on behalf of J.W. Cole Advisors, Inc. (JWCA), as described in the Brochure, Pacific Excel Wealth Advisors, Inc. (PEWA) and individuals who are associated with PEWA might offer to and/or provide to its clients certain other services and/or products which are outside of JWCA’s and/or its affiliates' supervision and/or control, including but not limited to insurance-related and estate and/or tax-planning services and/or products (Other Services). Website users are advised that Other Services are offered and/or provided exclusively by PEWA and that they are not endorsed, offered, provided, supervised and/or controlled by JWCA and/or its affiliates. Insurance services and products are offered by PEWA and they are not offered by JWCA. Guarantees are associated with insurance services and products which are backed by the financial strength and claims-paying ability of the issuing company and might be subject to restrictions, limitations and/or early withdrawal fees, which vary by the issuing company. They do not refer in any way to investment advisory services.

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