Truly Independent Financial Planning
achieve Financial Freedom
No Limits. Finding you the perfect solution for your financial goals.
For over a decade, I have worked and trained in the financial industry. With access to hundreds of financial products, through dozens of proven institutions, I will find the perfect solution to obtain a worry-free lifestyle for your family.
Unlike most financial advisors, who primarily focus on advising their clients on specific financial products they sell – I am not beholden to any product solution or company. I will provide a comparative analysis to find the best product for you.
Licensed in Arkansas and located in Hot Springs, I can visit you anywhere in the state. Either in person or virtually. I will help navigate the hundreds of financial solutions out there, to secure your lifestyle and achieve financial freedom.
Live life joyfully, knowing your financial future has a plan and is in good hands. Let’s compare solutions today!
Malissa McNanna
My passion is helping people get out of debt and build real wealth for the future. The truth is it doesn’t take a lot of money to make a lot of money. You just need to know how to make money work more efficiently for you. That’s what I do. Since 2002, I’ve been helping individuals and families solve their real money problems and create a step-by-step plan so they can achieve their future financial goals and dreams. If you’re one of the millions of Americans in debt and want to get out, I can help. If you’re already out of debt and want an innovative way to plan for a tax-favored retirement, that’s what I do. I can help you keep more of what you make, pay less in interest, and create real wealth for your future spending needs.
I can’t wait to help you get on the path to financial freedom today.
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Get In Touch Anytime
Email Address
Call Me
(501) 655-6279
License Number
CRD 6784730
Services
Retirement Planning
Retirement Income Plans are not just for the wealthy. As you plan to retire, the traditional method has been to move growth products into more conservative fixed-income products. When retirement was only expected to last 5 to 10 years, this may have worked. Today, however, people are living longer. You should consider that you may need to plan for your nest egg to last 25 to 30 years.
Wealth Accumulation
“Times are changing…” It may be an old Bob Dylan song, but it is so true today. Time can be used to your advantage when investing for wealth accumulation. Having your assets diversified in the right products and allocations during these uncertain times will not only build and protect your wealth, but provide peace of mind. After all, the last thing you want to do is lose wealth during the next market correction.
Asset Protection
Today’s asset protection calls for more than just strategic asset protection. Product allocation (using instruments that can protect your portfolio from negative returns early in retirement) is considered a more effective means of asset protection. Diversifying using insurance and investment vehicles may offer you the best chance of meeting your retirement income goals.
Planning a Legacy
IRA Accounts have become one of the largest types of assets inherited by beneficiaries. Many retirees don’t plan on using all of these assets, most take only the (RMD) leaving a taxable inheritance. You may wish to consider a legacy planning strategy to reduce taxes and increase the payout your beneficiaries will inherit. We can help to determine if IRA Legacy Planning is the best means for ensuring a long lasting inheritance.
Life Insurance
Life insurance isn’t for those who have died, it’s for those left behind. When shopping for life insurance, consider the needs for replacing income to maintain a standard of living, pay for funeral costs, and estate costs. How much does one need? A rule of thumb between 5 – 7 times the gross annual income. Life insurance comes in two types: Term and Permanent. Which one is right for you? We can help to determine the right choice.
Proceeds from a life insurance policy are paid at death to the named beneficiary. These proceeds are typically free of federal income tax. In recent years, some life insurance policies sold may include a “living benefits” provision that allow a named insured to access a portion of the death benefit prior to death to pay for chronic, critical or terminal illness.
Income Planning
Outliving their income remains the biggest fear retirees have. Thanks to advanced medical technology, prescription drugs; and even for some a healthy diet and exercise, people are living longer than ever before – creating more of a reason to have a plan in place to create income designed to last a lifetime.
Understanding an investment loss in the years just prior to and/or just after you retire can have a devastating impact on the level of income you receive during your retirement. In fact, the earlier a loss occurs, the greater the chance of depleting your retirement savings.
We can help you create an income plan using income vehicles and incorporating insurance to create opportunities for long-term growth as well as a stream of income to last throughout your retirement.
IRA & 401K Rollovers
When you retire or even change jobs, there are 4 things you can do with your money in your employer-sponsored plans:
• Leave your money where it is.
• Transfer the money to another employment plan (if allowable)
• Roll the money over into an IRA
• Take the cash (pay income taxes and perhaps 10% federal penalty if younger than age 59 ½ )
Rolling over from one qualified plan to another qualified plan allows your money to continue growing tax-deferred until you receive a distribution in retirement. We can help you determine if a rollover is the right move for you, and we can help find the best vehicle to help grow and conserve your rollover.
Long-Term Care
According to the Department of Health and Human Services*, 7 in 10 individuals 65 and older will experience a long-term care event prior to death. 3 Million Americans are being diagnosed with Alzheimer’s in the United States each year.** A national median annual cost of a private room in a nursing home is $100,375.***
Many of the costs associated with long-term care are not covered by traditional health insurance or Medicare. Long-term care can be administered in a home setting, or in a community setting such as an Adult Day Care Center, Assisted Living Facility, Continuing Care Retirement Community, Nursing Home or Memory Care Unit.
Long-term care insurance can provide a funding source to pay for these types of services, so other retirement income sources may remain in place for a non-impacted spouse. LTC insurance can also help to avoid an asset spend-down, allowing generational wealth to be passed on to a family’s heirs.
* SOURCE: www.longtermcare.gov
** SOURCE: Alzheimer’s Association 2017 Facts and Figures Study
*** SOURCE: Genworth Cost of Care Survey 2018
Partners
Become Debt Free
About Your Family Bank
I have partnered with Your Family Bank who offers a unique approach to financial education that has always centered around families. They believe that financially strong homes today, lay the foundation to bright futures for tomorrow’s generation.
Unlike most financial advisors, who primarily focus on advising their clients on specific financial products they sell – 401k, IRA, Mutual Funds, & Stocks, YFB teaches a proven personal financial literacy program that is based on 7 steps that allow people to get immediate control of their spending, debt, savings, and taxation. We have a comprehensive financial management system that helps individuals and families effectively manage every aspect of their financial lives.
Reduce the volume of interest you are paying to lenders.
Get out of debt in half the time as your current schedule.
Increase Cash Flow
Decrease Taxes
Retire with tax-favored income.
Save for college
How They Help You
Get Out of Debt
It’s a simple phrase. More than that, it’s a simple idea, yet the concept eludes tens of millions of American families each year.
The Your Family Bank concept provides a solution for paying off debt, reducing taxes and increasing retirement savings using a safe, predictable product that provides guarantees. YFB can show you how to be free from lenders in 10 years or less, including your mortgage, without spending any additional dollars.
Frequently Asked Questions
Learn How it Works!
Who is a candidate for Your Family Bank?
While no program is right for everyone, most people can benefit from it. Your Family Bank takes a comprehensive approach to debt elimination and wealth creation, and the principles it teaches will work for the vast majority of Americans.
Is Your Family Bank a long-term commitment?
It depends on your situation. Your Family Bank is a system that you can use either as a short-term or long-term solution to debt elimination and wealth creation. The good news is that it is flexible. Most people use this as a long-term approach to getting out of debt and saving for future spending needs.
If I don’t have a lot of debt, can Your Family Bank still help me?
Yes! Even if you don’t have a lot of debt, why pay more in interest than you have to? Your Family Bank can help you with all aspects of your managing your hard-earned money. So whether you’ve got a little bit of debt, or a lot, we can show you ways to pay less interest and save more for the future.
Why should I pay off my low-interest debt?
Depending on how the lender calculates their interest rate, you could be paying more than you realize in interest. That’s why we analyze the actual effective interest rate to see what you’re really paying. We devise strategies to help you pay less interest over time, which means you have more money to save for the future.
What does it cost to get my own Big Picture System and Debt Management Analysis?
The initial consultation and initial appointment to present your personalized plan are FREE. You can then decide if this is right for you. If you decide to utilize the plan, then I will collect a referral fee. There is no direct cost to you for my compensation.
Is Your Family Bank a debt consolidation service?
No! Your Family Bank does not consolidate, nor do we negotiate with your creditors. Instead, we show you how to accelerate the repayment of your debt and build real wealth for the future.
Does using Your Family Bank hurt my credit?
No. Since we show you how to accelerate the repayment of your debts rather than consolidate or negotiate your debt, the Your Family Bank system will help you improve your credit score over time. As we are showing you how to pay off your debt rather than asking the lenders for forgiveness or other exceptions, following the Your Family Bank system should result in a higher credit score over time.
Let’s Meet
Malissa McNanna
Email Address
Call
(501) 655-6279
License Number
CRD 6784730