Welcome to "The Main Street Code for Financial Success"!

In this episode, we delve into the crucial topic of business wills and buy-sell agreements. Host Neil Himmelstein discusses why it's essential for every business, whether large or small, to have a will and a buy-sell agreement in place. Learn how to protect your business from unforeseen events and ensure smooth transitions through proper planning and life insurance strategies.

Neil also highlights a significant Supreme Court ruling that affects life insurance and business valuations, stressing the importance of annual reviews and correct structuring.

Don't forget to join us every Friday at 3 PM EST on 103.9 L.I. News Radio. The show is available on YouTube, Spotify & Apple Podcasts.

Visit www.themainstreetcode.com for more information.

Welcome to "The Main Street Code for Financial Success"!

In today's episode, we explore the crucial foundations of financial planning. Host Neil Himmelstein discusses the importance of life insurance, disability insurance, and regular financial reviews. Learn how to build a solid financial foundation, protect your income, and ensure your insurance policies are up-to-date with your evolving needs. Neil shares insights on integrating job benefits with personal insurance plans and avoiding common financial pitfalls.

Join us every Friday at 3 PM EST on 103.9 L.I. News Radio for "The Main Street Code for Financial Success" hosted by Neil Himmelstein of Main Street Planning Group.

Catch our episodes on YouTube, Spotify, and Apple Podcasts, and visit www.themainstreetcode.com for more insights.

Welcome to "The Main Street Code for Financial Success"!

Welcome to "The Main Street Code for Financial Success"!

This episode delves into the critical differences between qualified and non-qualified accounts and how these distinctions can significantly impact your retirement planning and tax strategy.

We share a real-life example highlighting the potential pitfalls of mismanaging IRA transfers, which resulted in a substantial tax penalty for a client. Additionally, we explore the unparalleled benefits of life insurance as a non-qualified account, demonstrating its role not only in providing protection but also as a flexible, tax-efficient vehicle for wealth accumulation and retirement planning.

Join us for insightful discussions on making informed financial decisions that safeguard your future. Tune in every Friday at 3 PM EST on 103.9 L.I. News Radio for more episodes of "The Main Street Code for Financial Success," available also on YouTube, Spotify, & Apple Podcasts.

Visit www.themainstreetcode.com for further insights into achieving financial success.