The TFG Blog

Personal Financial Statements

Posted August 5, 2016 by the TFG Staff

Personal financial statements provide a summary of an individual’s financial situation. The most commonly used financial statements are the “Net Worth Statement” and the “Cash Flow Statement”. The Net Worth Statement represents an individual’s assets, liabilities, and net worth as of a particular date. The Cash Flow Statement shows an individual’s receipts and income and disbursements and expenses for a specific period of time. In other words, the Cash Flow Statement illustrates the individual’s inflows and outflows and whether there is a cash flow surplus or deficit.

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Key Person Life Insurance

Posted July 15, 2016 by the TFG Staff

Key person life insurance helps reimburse a business for economic loss when a key employee dies. The insurance covers the life of an employee who is critical to the success and profitability of the business. Key employee life insurance is not a specific type of policy, but a way to use life insurance to offset a business risk.

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Cash Flow Analysis

Posted June 15, 2016 by the TFG Staff

Cash flow analysis is an on-going process which involves several steps including identifying current financial inflows and outflows, analyzing the short and long-term effects of the inflows and outflows on the financial portfolio through the development of numerical projections and developing strategies to adjust cash flow if the projections indicate the portfolio will be depleted prior to an individual’s death or the deaths of both husband and wife at reasonable life expectancies.

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Choosing the Right Insurance Mix

Posted May 3, 2016 by the TFG Staff

Should you purchase term insurance or is permanent insurance the better buy? If you already own a term policy, should you convert it to a permanent plan, such as whole life? Or is a flexible plan such as universal life the way to go?

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Investment Portfolio Management

Posted April 10, 2016 by the TFG Staff

With so many investment choices available to you, it’s important to understand portfolio style distinctions so you can choose investment divisions that suit your needs and objectives. Variable annuities are long-term investment vehicles, used for retirement savings. There are fees and expenses associated with this contract. Variable annuities have proven to be valuable financial vehicles for many individuals, and they continue to grow in popularity.

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Calculators

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