by Michael Isom | Dec 5, 2019 | Vault AIS Process
If you have a qualified plan, what do you do with it? Do you continue to fund it? Is it the most efficient place for you to put your cash? First of all, when you fund a qualified plan, you’re relinquishing control of cash and you’re putting it into a...
by Michael Isom | Dec 5, 2019 | Vault AIS Process
What is a buy-sell agreement? I am not an attorney and I am not an accountant. So I am not giving tax advice or legal advice here. Simply put a buy-sell agreement is a document inside your LLC, S-corp, C-corp. It’s a legal agreement that you have with a partner...
by Michael Isom | Dec 5, 2019 | Vault AIS Process
Do I need life insurance on key employees? Yes! Yes, you want life insurance on your key employees. Do you remember the conversation about transferring the risk versus retaining it? The #1 Asset in your business is you! People are assets, things are not. Human life...
by Michael Isom | Dec 5, 2019 | Vault AIS Process
How do I know how much life insurance I need? Producers buy as much life insurance as they can get. That’s a pretty bold statement, is it? Producers Vs Consumers. Consumers consume more than they produce. Producers produce more than they consume. However,...
by Michael Isom | Dec 5, 2019 | AIS Triangle Questions, Vault AIS Process
Thank you for asking, we have built a referral tool for you to use. First of all, thank you for considering and trusting myself, and our team here at Vault AIS, to refer someone. It’s a compliment. We take referrals seriously here at Vault AIS. Thank you very...
by Michael Isom | Dec 5, 2019 | Vault AIS Process
How often do you want to take the financial self-assessment? Take it as often as you want. I would encourage you to take it at a minimum every year. When? The time that you get the card in the mail, and the emails from us to do your annual review. Take the time. Money...
