About Reflections Life Planning LLC
"I started Reflections Life Planning LLC with the intention of helping people to understand how their financial
decisions today can impact their families for generations to come. Our financial decisions really do tell a lot about
who we are as people. Those decisions show a clear reflection of what is really important to us during our lifetimes.
Let's talk!"
Strawberry Popsicles
(with Greek Yogurt!)
12 ounces plain Greek yogurt
2 cups diced strawberries
1/4 cup honey or maple syrup
2 tablespoons fresh lemon juice
1 teaspoon vanilla
Combine all ingredients in the
bowl of a food processor or
blender and grind until well
combined, about 10 seconds,
stopping to scrape down the
sides of the bowl as necessary.
Taste and adjust sweetness if
needed.
Divide the yogurt mixture
evenly among reusable popsicle
molds.
Freeze for at least 4 hours or
overnight before serving. Run
popsicle molds under warm
water briefly to help loosen.
Serve.
www.yummytoddlerfood.com
REFLECTIONS LIFE PLANNING LLC MONTHLY NEWSLETTER
www.reflectionslifeplanning.com
(703)- 752 -6196
Better Safe Than Sorry
Q&A
QUESTION:
No matter how careful and responsible you may be, accidents happen all the time, and
no one is immune to the threat of a potentially devastating lawsuit. To make certain
your family’s current and future wealth has the maximum level of protection, consult
Can I tap into my retirement
with us, your Personal Family Lawyer® to determine if umbrella insurance is right for savings to pay for my child’s
your particular situation. college education?
– Pondering Parent
As your Personal Family Lawyer®, we will evaluate your assets, assess your level of risk,
and analyze your current insurance coverage to be sure you have the optimal level of
umbrella coverage in place to safeguard your family’s wealth from today’s lawsuit- ANSWER:
crazy culture. Contact us today to schedule your appointment. Dear Pondering:
If your kids will need financial
Continued from page 1 assistance, beyond student loans,
Does Your Family Need Umbrella Insurance? to pay for their college education,
it’s vital that the way in which you
What’s more, as mentioned earlier, if you are involved in a particularly large lawsuit, Who Stays With Your Children? choose to save will not negatively
your future income and assets could be a risk as well. So even if you have fairly limited impact their qualification for such
income and assets now, you should consider your future earning potential when assistance. To this end, while you
purchasing coverage. This is especially important if you plan to go into a highly paid can use your retirement funds to
career field, such as medicine, law, or financial management. pay for college expenses, this can
affect your child’s eligibility for
How Much Does It Cost? various need-based financial aid
programs.
Umbrella insurance is inexpensive, especially compared to other types of insurance
and how much coverage it offers. Most people can buy a $1 million umbrella liability Retirement funds withdrawn to
policy for between $150 and $300 per year, according to the Insurance Information Parents, you spend hours agonizing over who stays with your children when you pay college expenses are reported
Institute. An additional million in coverage will run you between $75 and $100, and run to the store or go to work...but have you given the thought to what would on the Free Application for Federal
then you are looking at roughly $50 for every million in coverage beyond that. happen if you were in an accident or died? Of course, we don't like to think our
Student Aid (FAFSA) as additional
kids will ever go without us but it's important to know a will is not enough to
protect them! By planning ahead now you can have peace of mind knowing they income. Consequently, when using
Umbrella policies are generally inexpensive because they only go into effect after
will be ok and live the life you'd like them to. retirement funds, the expected
your underlying homeowners, auto, watercraft, or other policy is exhausted. Given
family contribution used from
this, most insurers require you to have at least $250,000 in liability on your auto policy
and $300,000 on your homeowners before they’ll sell you a $1 million umbrella To make sure your kids are taken care of if something were to happen to you, you FAFSA will be higher, which will
must put in place a well-considered estate plan, and usually, a simple will is not therefore reduce your child’s
policy.
good enough. When you and your parenting partner meet with us for a Family chances of qualifying for financial
Wealth Planning Session™, you will choose the right guardians for your kids and assistance.
How To Purchase Umbrella Insurance avoid making any of the 6 common mistakes most families (and most lawyers)
make when naming legal guardians.
You can buy an umbrella policy from the same insurance company you use for your Consult with us as your Personal
other home and business policies. In fact, some companies require you to purchase Family Lawyer if you choose to tap
Be one of the first 5 to schedule in October and we will waive our regular $750
all of your policies from them in order to obtain umbrella coverage. If your current planning session fee. We do not just draft documents; we ensure you make into your retirement savings to
fund college expenses, so we can
insurance company offers umbrella coverage, you may qualify for a discount for informed and empowered decisions about life and death, for yourself and the
bundling all of your policies. Of course, you can also purchase a stand-alone umbrella people you love. That is why we offer a Family Wealth Planning Session, during ensure it's done right and will have
policy, so shop around for the best rates. which you will get more financially organized than you have ever been before and the maximum benefit for everyone
make all the best choices for the people you love. involved.
OCTOBER 2022 REFLECTIONS LIFE PLANNING LLC MONTHLY NEWSLETTER OCTOBER 2022