VIDEO | Why Do You Think 1 Million Dollars Is A Lot Of Money?

Published on Sep 28, 2012 When it comes to life insurance, most people use some magical rule of thumb like buying 2 to 3 times their salary. (Full Story Here –http://bit.ly/Sm5l0J) Even worse, since insurance is not most enjoyable financial planning topic, they come up with the notion that they will just pick up $250,000 or $500,000 and their partner will be alright if something should happen to them. I’m here to tell you that when it comes to life insurance, $1,000,000 just isn’t a lot of money.   ...

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Beneficiary Designations for your IRA

What Beneficiary Designations mean and why they matter… For most people, “estate planning” means drafting documents (such as a Last Will and Testament) that makes sure that your property is managed and distributed according to your wishes.  Drafting documents is the foundation of estate planning, but people who own retirement accounts, life insurance or other assets with beneficiary designations must go one step further.  When you die, the assets in your estate generally fall into one of two categories: probate property or non-probate property.  Probate property is governed by your Last Will and Testament.  Non-probate property, however, passes outside of your Will, and generally passes to a beneficiary named by you when the account or contract was opened. The most common examples of non-probate property are your IRA, 401(k) or life insurance.  These types of assets are non-probate property because they are paid to beneficiaries pursuant to a contract that you create when you open the account or purchase the ...

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Personal Finance 101: Generation X Series – Marriage And Medical Insurance

Generation X is classically defined at people born between the years 1965 and 1979.    Pretty much those of you in your early 30’s to the mid 40’s.  However, having given personal financial advice to thousands of people, I can tell you that many of you who were born 1960 to 1964 fit within the Generation X type of financial and personal attitude.   Since I am 42 and have had a good deal of financial success, I’ve noticed some big mistakes that I see my generation making with their money and how they think about money.    This week I wanted to discuss what to do about your medical insurance after you get married. One of the questions I’m getting a lot from Gen X’ers as of late (especially those recently married in their late 30’s/early 40’s) is around what to do with medical insurance after being married.   Since the medical plans and financial contribution from each individual employer may vary, this ...

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oXYGen Financial Hires Financial Advice Expert For Dentists To Lead Atmos Dental Advisors

(ATLANTA,GA) –September 23rd, 2011- Atlanta based oXYGen Financial, a growing leader in financial services for Generation X and Y individuals and business owners, has hired Chris Sands to pioneer a new business model focused on dental professionals called Atmos Dental Advisors.  This new venture will create a customized offering allowing dental students, residents, and practitioners across the country to gain access to a family office atmosphere catered specifically for the needs of dental professionals.   This is another addition to the growing brands of oXYGen, a cutting edge leader in the financial services industry. “Our family at oXYGen Financial keeps growing, and we are delighted to have Chris running our new venture specializing in dentists”, said Kile Lewis, co-CEO and founder of oXYGen Financial.   “Most financial firms are strictly pitching students and dental practitioners with insurance products or some basic tax services.   We believe that to help a dental professional truly succeed, you need a family office model that allows them ...

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Free Webinar – 5 STRATEGIES TO IMPROVE THE BOTTOM LINE OF YOUR BUSINESS IN 2011

5 STRATEGIES TO IMPROVE THE BOTTOM LINE OF YOUR BUSINESS IN 2011 Join us as Ted Jenkin, CFP®, AWMA®, CRPC®, AAMS®, CMFC®, CRPS®, co-CEO and Founder of oXYGen Financial, discusses 5 key strategies to improve the bottom line of your business.  We will explore: •  How to lower your overall income taxes •  How to reduce your fixed costs in the business •  How to increase wallet share with your existing clients •  How to improve overall client acquisition •  Determining the best insurance and retirement plan to have in place •  Is your dashboard green, yellow or red? Space is limited, so reserve your spot today! SELECT YOUR TIME BELOW!!!!! CLICK HERE TO REGISTER When: Wednesday, June 15, 2011 8:00 AM – 9:00 AM EDT CLICK HERE TO REGISTER When: Wednesday, June 15, 2011 7:30 PM – 8:30 PM EDT   ...

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Do You Have Enough Life Insurance?

Here is the scenario.  Your husband is driving home that night on the local highway.  Out of nowhere a large truck sideswipes the car sending it reeling off the road.  After the car does a couple of flips and comes to a rest, emergency vehicles arrive on the scene only to realize that they are too late. Your husband is pronounced dead on arrival. As the chaos unveils, it is learned that the driver of the truck was heavily under the influence of alcohol at the time. He lost control of the truck driving at an excessive speed when he inadvertently hit your husband’s car sending him to an early death. As you learn more facts about the case, you decide that there is only one option.  That is to file a lawsuit against the trucking company. The big question then becomes . . . what amount do you sue for in court? Many times in the financial planning process ...

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Personal Finance 101 – What Is A Buy-Sell Agreement?

For many business owners, the value of their business is one of the largest components of their overall net worth, and the business itself is the result of years of hard work and investment.  Most business owners want to preserve the built up value of the business for themselves and their family while also ensuring that the business legacy they have helped create continues for years to come.  The best solution is a well-considered Buy-Sell Agreement. A Buy-Sell Agreement is a contract entered by owners of a business that specifies when and how ownership in the business will be sold or transferred.  The agreement can be a stand-alone agreement or incorporated into a partnership or operating agreement for your business. Buy-Sell Agreements are not “one size fits all”, so careful attention should be given to the details. Most business owners have heard of the importance of a good Buy-Sell Agreement, but many push this planning to the “back burner” to ...

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5 Questions To Ask Before Refinancing?

With interest rates being incredibly low, I have been asked the question over and over the past several months about whether or not it is a good idea to refinance a home. Here are 5 questions I would consider before taking the plunge to refinance. 1)  How long do I plan to live in the home? Since most people don’t live a home for 30 years, you generally don’t see mortgages taken out on a home actually complete their full 30 year (or 15 year) cycles.  Since there are so many variations of mortgages today, (i.e.- ARM’s, 5/1, 15 year, 30 year), it is important to make a determination first on how long you think you will live in your current home. 2) What are the costs to refinance my home? There is no so thing as a free lunch. If you choose to refinance your home, there will be costs associated with making that transaction. You will have a ...

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oXYGen Financial Partners with PGA TOUR Rookie Brent DelaHoussaye to Help Him “Breathe Easier®”

(ATLANTA,GA) – June 26, 2010 – oXYGen Financial, Inc. announced  the signing of PGA TOUR rookie, Brent DelaHoussaye of Greenville, SC, to a multi-year endorsement agreement. Brent will wear the oXYGen Financial logo on his right sleeve during tournaments on a worldwide basis during the remainder of the 2010 and for the entire 2011 TOUR seasons. While Brent is playing in golf tournaments each week, oXYGen will help him “Breathe Easier®” by handling all of his financial needs which allows him to minimize distractions. Brent is a perfect fit for oXYGen as he fits the X Y generation which represents the firms target demographic. Brent also attended Milton High school located near oXYGen’s home office located in Alpharetta, GA. “We are delighted to begin the building blocks of Team oXYGen, and especially excited to have Brent become part of the oXYGen Financial family”, said Ted Jenkin, co-CEO and founder of oXYGen Financial. “The PGA has so many Generation X and ...

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