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starting a new job

Starting a New Job

Starting a new job can sometimes feel like starting a whole new life. You may find yourself overwhelmed with new information, new responsibilities, and new people. It is crucial in this time of emerging opportunities and challenges that you don't lose sight of the things that matter most. We can help you make sure that your new situation is providing all the protection you and your family need.


An annuity is a type of investment that allows you to pay money now in exchange for a stream of income in the future.

Is an annuity right for me? Here are the facts:

  • Annuities are a great way to guarantee income after retirement, as they typically provide a source of revenue to the beneficiary until the time of their death. In some cases, an annuity will even pay death benefits to designated recipients, such as surviving family members, for a fixed period after the annuity holder’s death.
  • An annuity can either be fixed or variable; and will be either immediate or deferred. A fixed annuity guarantees a specific amount of income that will kick in after a certain period of time, while a variable annuity offers the possibility of greater rewards, but does not come with any guarantees. An immediate annuity provides an immediate and guaranteed long-term income source beginning soon after purchase. A deferred annuity has an accumulation phase during which the contributions grow before payments from the income source begin.
  • An annuity can offer significant tax benefits, as it is often possible to defer tax payments on the money you invest in one.

Variable annuities are long-term investment vehicles that involve certain risks, including possible loss of the principal amount invested. The investment return and principal value may fluctuate so that the investment, when redeemed, may be worth more or less than original cost. Withdrawals of taxable amounts will be subject to ordinary income tax and possible mandatory federal income tax withholding. If withdrawals are taken prior to age 59½, a 10% IRS penalty may also apply. Withdrawals affect the variable annuity's death benefit, cash surrender value and any living benefit and may also be subject to a contingent deferred sales charge. There are inherent risks involved with investing in mutual funds. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Past performance is not a guarantee of future results.

Life Insurance

Life insurance is most commonly known as a way to ensure that loved ones are taken care of in the event of a person's death. Many people don't know that life insurance can also offer a source of income later in life.

What should you know about life insurance? Here are the facts:

  • There are two basic types of life insurance: term life insurance and permanent life insurance.
  • Term insurance works somewhat like car insurance: You pay premiums that provide coverage for a certain period of time. If your death occurs while you are covered, the beneficiary of your policy will receive a predetermined death benefit. The premiums in a term insurance policy are often cheaper than those in a permanent policy, but usually become more expensive over time.
  • Permanent insurance may be more expensive than term insurance, but it can offer significant benefits, including guaranteed premiums, flexible payment options, and investment opportunity. There are four major types of permanent life insurance:
    • Whole life insurance offers the most guarantees of any kind of life insurance. The premiums will never increase. The death benefit will never go down (unless there have been any loans or withdrawals taken). In addition, whole life insurance policies have a guaranteed cash value, which can be borrowed against. This living benefit can be used as an emergency fund or to supplement retirement income.
    • Universal life insurance provides a guaranteed death benefit while also offering flexibility with premiums. The policy holder can vary the amount paid each month, as long there is enough money in the account to pay for certain minimum insurance and maintenance charges. Depending on how much money accumulates in the account, the policy may also accumulate tax-deferred cash value.
    • Variable life insurance allows a high degree of flexibility with premiums, including the option to direct a portion of premium payments to a separate account, which can serve an investment vehicle. This can allow for the possibility of greater growth in cash value, but it can also entail a greater risk.
    • Survivorship life insurance covers two people on the same policy. These policies are often cheaper than insuring an individual, but death benefits are not paid until both covered individuals have died.

Mutual Funds

A mutual fund is a type of investment designed for people who are looking for the benefits of a well-managed and diversified portfolio, but who do not have the time or expertise necessary to manage a portfolio themselves.

Is a mutual fund right for me? Here are the facts:

  • A mutual fund combines the investments from a number of individuals or groups into a pool, which is managed by a professional investment advisor.
  • Mutual funds generally offer a wide degree of diversification; a single fund will often contain a variety of stocks, bonds, and money markets.
  • The investors in a particular mutual fund are often united by a specific financial goal. Some mutual funds are focused on immediate income, while others focus more on long-term growth, or on a mix of income and growth.

Mutual Funds are sold by prospectus only. You should carefully consider the investment objectives, risks, charges and expenses of the fund before making an investment decision. The prospectus contains this and other important information. Please read it carefully before investing or sending money. To obtain a copy, please call 503-207-4550.

Investing in mutual funds involves certain risks, including possible loss of the principal amount invested. The investment return and principal value may fluctuate so that the investment, when redeemed, may be worth more or less than original cost.

Disability Income Insurance

Disability income insurance provides protection against the loss of income due to serious injury or illness.

Is disability income insurance right for me? Here are the facts:

  • Disability income insurance will allow you to retain a percentage of your earned income, even in the event that you are unable to work due to serious injury or illness.
  • In most cases, you will not have to pay taxes on the benefits you are paid, when paid by the individual with after tax dollars.
  • Disability insurance is crucial for anyone who is an income provider for their family. This also includes single people, who do not have the benefit of a spouse to fall back on if they become unable to work due to serious injury or illness.

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