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September 1, 2022 By Michael Milam

Irrevocable Life Insurance Trust (ILIT)

An ILIT is a trust primarily set up to hold one or more life insurance policies. The main purpose of an ILIT is to help reduce federal estate tax. If the trust is drafted and funded properly, your loved ones should receive all of your life insurance proceeds, undiminished by estate tax. One of the […]

Filed Under: Mike Milam

August 30, 2022 By Michael Milam

Some Things Investors Need to Know About Booms and Busts

Economies and markets are cyclical. They may include periods of wealth creation and times of bursting bubbles that bankrupt companies in a major downturn. “Boom and bust” cycles may last anywhere from a few months to a few years or longer. During boom times, the economy grows, there are more jobs, and the market provides […]

Filed Under: Mike Milam

August 29, 2022 By Michael Milam

Earnings Recap: Still Hanging In There

Earnings growth of 6-7% doesn’t sound very exciting, but given the challenges corporate America has faced, we consider the nearly-complete second quarter earnings season a resounding success. The numerous challenges last quarter included a slowing economy, intensifying inflation pressures, ongoing global supply chain disruptions, and a surging U.S. dollar. Still, corporate America delivered the type […]

Filed Under: Mike Milam

August 23, 2022 By Michael Milam

Assessing the Health of Your Business

In today’s business climate, it may be more important than ever for companies to operate at maximum efficiency and with a keen awareness of the potential impact of changes in their industry and the economy. Using a SWOT analysis to take a closer look at your company’s internal operations, as well as its position in […]

Filed Under: Mike Milam

August 22, 2022 By Michael Milam

Home Sales Fall (Again). What’s Next?

Existing home sales fell 5.9% in July, the sixth consecutive month of declines as higher interest rates weigh on housing affordability and prospective buyers. As the housing market slowed, so did prices. The median price for a single family home was $410,600, a decline of roughly $10,000 from June. However, homes do not stay on […]

Filed Under: Mike Milam

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California Financial Partners, Inc., A Registered Investment Advisor, is a fee-based comprehensive financial planning organization. Securities and Advisory services offered through LPL Financial. A Registered Investment Advisor. Member FINRA & SIPC. LPL Financial Form CRS.

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