Saving and accumulating financial resources for the future is one of many goals that people juggle during their working years. An essential first step that many may overlook, however, is protecting what you already have now, as fully as possible. Without adequate protection, your financial future is left exposed to the risk of unexpected events. Here are some key do’s and don’ts for both protecting and investing your money, to simplify your path to creating a financially sound foundation for the future.
Talk to a Financial Professional To Help You Bring it All Together
Working with an experienced financial professional you can trust is the easiest way for you to feel secure that you’re making the best decisions on how to create the kind of financial future you desire. He or she can discuss all your options, recommend the ones that best meet your individual needs, and help you stay on track to achieve your goals.
Guardian, its subsidiaries, agents, and employees do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation.
*Policy benefits are reduced by any outstanding loan or loan interest and/or withdrawals. Dividends, if any, are affected by policy loans and loan interest. Withdrawals above the cost basis may result in taxable ordinary income. If the policy lapses, or is surrendered, any outstanding loans considered gain in the policy may be subject to ordinary income taxes. If the policy is a Modified Endowment Contract (MEC), loans are treated like withdrawals, but as gain first, subject to ordinary income taxes. If the policy owner is under 59 ½, any taxable withdrawal may also be subject to a 10% federal tax penalty.
All investments contain risk and may lose value.
Securities products offered through Park Avenue Securities LLC (PAS), member FINRA, SIPC. PAS is an indirect, wholly-owned subsidiary of The Guardian Life Insurance Company of America (Guardian), New York, NY. Guardian, its subsidiaries, agents, and employees do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation.
This material is intended for general public use. By providing this material, Guardian is not undertaking to provide investment advice for any specific individual or situation, or to otherwise act in a fiduciary capacity. Please contact a financial professional for guidance and information specific to your individual situation.